Aircraft Airframe MRO Market is growing at a CAGR of 4% by 2023
Market Research Future Published a Cooked Research “Global Aircraft Airframe MRO Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.
(EMAILWIRE.COM, January 24, 2018 ) Market Highlights:
MRO stands for maintenance, repair, & overhaul. The aircraft airframes includes some decisive flight control programs that helps the pilot to take off and land the planes, to avoid any critical situations in aircrafts, they are modified, repair and fix on regular interval of time. Apart from this, aircraft MRO resolve the issue related to aircraft components, navigational instruments, and installation of new parts, subassembly and many more.
Airline carriers make use of aircraft MRO to ensure customer and airline safety. The aircraft MRO market is well organized and its employees are overseen by various domestic & global regulatory organizations. Looking at this phenomenal growth, Market Research Future’ recently gave out the market insight till 2023. According to this MRFR analysis the global aircraft airframe MRO market is set to grow at CAGR of 4% during the forecast period.
Drivers:
MRO outsourcing is creating new opportunities for the growth of this segment. During 2016, more than 21,000 wide body & commercial narrow aircrafts where active across the globe. Another is, business ‘aircraft fleet’ expansions merger with airline launches may lead to rising MRO operations in coming years. As per report study it is also predicted that business fleets may substituted around thousands of innovative aircrafts in the next two decades. Even, the number of travelers around the globe is increase, this factor also fuel the demand for aircraft airframe MRO market.
In recent time, new MRO firms have enter the market with their innovative services and solutions. This has led domestic firms to participate in aircraft MRO activities. Due to which trading between various nations is boosted, as result of this cargo-plane service is also increases.
On the other side, the increasing retirement of maintenance intensive aircraft and overall time required to carry out aircraft airframe MRO activities, are the factor that may restrict the market growth of aircraft airframe MRO.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4197
Major Key Players
The key players of the global aircraft airframe MRO market are Air France KLM Engineering & Maintenance (France), Singapore Technologies Aerospace (Singapore), HAECO (Hong Kong), AAR Corp. (U.S.), Lufthansa Technik AG (Germany), GAMECO (China), Turkish Technic Inc. (Turkey), Evergreen Aviation Technologies (EGAT) (Taiwan), Aviation Technical Services (U.S.), and Sabena Technics (France). In 2016, these companies accounted for a share of XX% of the global market.
The global Aircraft Airframe MRO Market is expected to grow at a CAGR of approximately 4%, from 2017 to 2023.
Industry/ Innovation/ Related News:
November 20, 2017 – AAR has committed to significantly increasing the volume of contracted component repairs with Air New Zealand. In a 10-year agreement, AAR designated Air New Zealand’s component center as its Asia Pacific MRO of choice. This is the latest example of AAR’s commitment to grow and strengthen its partnership with Air New Zealand, the country’s flag carrier airline.
November 1, 2017 - AFI KLM E&M and Indian LCC IndiGo have signed a component support contract covering 30 ATR 72-600 aircraft, delivery of which is to begin in the near future. The array of services to be delivered by AFI KLM E&M includes repairs, dedicated pool access, provision of a Main Base Kit (MBK), and logistics support.
September 13, 2017- The AFI KLM E&M network now a new addition to its range of predictive maintenance solutions, in the shape of PROGNOS for APU. Designed, built and marketed by EPCOR, the Group subsidiary specializing in MRO services for Auxiliary Power Units (APUs), the new offering was officially launched at the beginning of September. Like its predecessors, PROGNOS for APU uses Big Data technologies to monitor the performance of APUs and predict faults, ultimately helping to rationalize maintenance work and avoid shop visits and excess costs for client airlines, a major competitive advantage.
Browse Full Report @ https://www.marketresearchfuture.com/reports/aircraft-airframe-mro-market-4197
Regional Analysis
Europe is one of the major regions for the global aircraft airframe MRO market. In 2016, there were over 4,500 aircraft in the region, and the number is expected to reach more than 8,000 fleets by 2035. Since Europe is home to Airbus, all the MRO activities for the planes of the company would be carried out by Europe-based companies such as Air France KLM and Lufthansa Technik, which are among the major companies in the market. With the increase in the number of aircraft, it is expected that there would be larger participation of the regional companies, in providing MRO services for the aircraft.
In 2016, North America was the second-largest region for the global aircraft MRO market. A number of the major MRO service providers such as Airbus and Honeywell, are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions
.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
MRO stands for maintenance, repair, & overhaul. The aircraft airframes includes some decisive flight control programs that helps the pilot to take off and land the planes, to avoid any critical situations in aircrafts, they are modified, repair and fix on regular interval of time. Apart from this, aircraft MRO resolve the issue related to aircraft components, navigational instruments, and installation of new parts, subassembly and many more.
Airline carriers make use of aircraft MRO to ensure customer and airline safety. The aircraft MRO market is well organized and its employees are overseen by various domestic & global regulatory organizations. Looking at this phenomenal growth, Market Research Future’ recently gave out the market insight till 2023. According to this MRFR analysis the global aircraft airframe MRO market is set to grow at CAGR of 4% during the forecast period.
Drivers:
MRO outsourcing is creating new opportunities for the growth of this segment. During 2016, more than 21,000 wide body & commercial narrow aircrafts where active across the globe. Another is, business ‘aircraft fleet’ expansions merger with airline launches may lead to rising MRO operations in coming years. As per report study it is also predicted that business fleets may substituted around thousands of innovative aircrafts in the next two decades. Even, the number of travelers around the globe is increase, this factor also fuel the demand for aircraft airframe MRO market.
In recent time, new MRO firms have enter the market with their innovative services and solutions. This has led domestic firms to participate in aircraft MRO activities. Due to which trading between various nations is boosted, as result of this cargo-plane service is also increases.
On the other side, the increasing retirement of maintenance intensive aircraft and overall time required to carry out aircraft airframe MRO activities, are the factor that may restrict the market growth of aircraft airframe MRO.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/4197
Major Key Players
The key players of the global aircraft airframe MRO market are Air France KLM Engineering & Maintenance (France), Singapore Technologies Aerospace (Singapore), HAECO (Hong Kong), AAR Corp. (U.S.), Lufthansa Technik AG (Germany), GAMECO (China), Turkish Technic Inc. (Turkey), Evergreen Aviation Technologies (EGAT) (Taiwan), Aviation Technical Services (U.S.), and Sabena Technics (France). In 2016, these companies accounted for a share of XX% of the global market.
The global Aircraft Airframe MRO Market is expected to grow at a CAGR of approximately 4%, from 2017 to 2023.
Industry/ Innovation/ Related News:
November 20, 2017 – AAR has committed to significantly increasing the volume of contracted component repairs with Air New Zealand. In a 10-year agreement, AAR designated Air New Zealand’s component center as its Asia Pacific MRO of choice. This is the latest example of AAR’s commitment to grow and strengthen its partnership with Air New Zealand, the country’s flag carrier airline.
November 1, 2017 - AFI KLM E&M and Indian LCC IndiGo have signed a component support contract covering 30 ATR 72-600 aircraft, delivery of which is to begin in the near future. The array of services to be delivered by AFI KLM E&M includes repairs, dedicated pool access, provision of a Main Base Kit (MBK), and logistics support.
September 13, 2017- The AFI KLM E&M network now a new addition to its range of predictive maintenance solutions, in the shape of PROGNOS for APU. Designed, built and marketed by EPCOR, the Group subsidiary specializing in MRO services for Auxiliary Power Units (APUs), the new offering was officially launched at the beginning of September. Like its predecessors, PROGNOS for APU uses Big Data technologies to monitor the performance of APUs and predict faults, ultimately helping to rationalize maintenance work and avoid shop visits and excess costs for client airlines, a major competitive advantage.
Browse Full Report @ https://www.marketresearchfuture.com/reports/aircraft-airframe-mro-market-4197
Regional Analysis
Europe is one of the major regions for the global aircraft airframe MRO market. In 2016, there were over 4,500 aircraft in the region, and the number is expected to reach more than 8,000 fleets by 2035. Since Europe is home to Airbus, all the MRO activities for the planes of the company would be carried out by Europe-based companies such as Air France KLM and Lufthansa Technik, which are among the major companies in the market. With the increase in the number of aircraft, it is expected that there would be larger participation of the regional companies, in providing MRO services for the aircraft.
In 2016, North America was the second-largest region for the global aircraft MRO market. A number of the major MRO service providers such as Airbus and Honeywell, are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions
.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Contact Information:
Marketresearchfuture
Market Research Future
Tel: +1 (646) 845 9349
Email us
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Marketresearchfuture
Market Research Future
Tel: +1 (646) 845 9349
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results