Aircraft Airframe MRO Market 2019: Global Industry Analysis and Opportunity Assessment, Forecast to 2023

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Business

Summary

Market Research Future added New Report Named "Global Aircraft Airframe MRO Market Research Report- Forecast 2023" to its Database

Press Release

The aircraft airframe consists of some crucial flight control systems that are important for the aircraft operations such as take-off and landing, by providing high pitch and roll. Therefore, it is very important for the aircraft operators to ensure high efficiency or productivity of these systems. The major factors driving the global aircraft airframe MRO market are rapid fleet expansion and outsourcing of airframe MRO. The expansion of the existing commercial aircraft fleet and the increasing needs for airframe maintenance would result in increased MRO activities, during the forecast period. Thus, the global market is expected to grow at a CAGR of approximately 4%, during the forecast period.

However, the growth of the market is expected to be restrained by the large duration required to carry out aircraft airframe MRO activities. In addition, the increasing retirement of maintenance intensive aircraft deters the market growth.

The North-American region is expected to dominate the aircraft airframe MRO market, throughout the forecast period, which can be attributed to the presence of the major players in the market such as AAR Corp.  and Aviation Technical Services along with the prominent/emerging companies such as Aeroman,  Mexicana MRO, and Flightstar.

Concurrently, the Asia-Pacific region is expected to be the fastest growing region in the aircraft airframe MRO market. The region is emerging in the long-haul international market and it is dependent on the small and medium wide-body aircraft. Owing to this, many airline operators such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia have been entering into service, over the years. Moreover the presence of companies such as HAECO, ST Aerospace, and GAMECO in the region act as a catalyst, stimulating the market growth.

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).

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