Aircraft MRO Industry: High Emerging Demands in Wide Body Aircraft MRO Market Attributed To Aerospace Sector Expansion, 2018-2023

Wide Body Aircraft MRO Market Research Report 2018: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation by MRO Type (Airframes and Modification, Components, Engines and Line Maintenance), By Platform (Military and Commercial), and Region – Global Forecast to 2023

Hadapsar, Pune, India - September 11, 2018 /MarketersMedia/ —

Wide Body Aircraft MRO Global Market – Overview

Wide Body Aircraft MRO Market has gained a huge traction around the globe owing to the increased Air Travel rate. According to a recent study report published by the Market Research Future, The Wide Body Aircraft MRO Market is projected to grow at a rapid pace during the forecast period (2016 – 2021). The Wide Body Aircraft MRO Market is forecasted to demonstrate an aggrandized growth by 2021, surpassing its previous growth records; with ~ 4.5% CAGR during the forecasted period 2016-2021.

Business is brisk in the maintenance, repair and overhaul (MRO) market and poised to get even better as demand continues to rise, particularly for products such as in-flight entertainment systems and cabin equipment. Growing travel, particularly in the Asia-Pacific region, is sustaining robust demand for narrow body aircraft, but there is little sign that weak demand will improve soon for older wide bodies such as the Boeing 777, 747-8 and Airbus A380. That is the upshot of a new Aviation.

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The key factors driving the growth are retrofit of older fleets, expanding fleet size, and focus of OEM on engine and aircraft MRO. MRO outsourcing, IT enabled MRO, demand in emerging countries are the ongoing trends which will have positive impact on the market during the forecast period. However, factors such as government regulations, aircraft retirement, and environmental hazards are likely to pose as restraining factors to the market growth.

While MRO software provides the information service staff need to execute jobs that support aircraft availability, they are not designed to track spare part obsolescence and other logistical factors that impact aircraft uptime and mission readiness.

The wide body engine MRO market is built on different dynamics and demands in comparison to narrow body engine maintenance. Stronger original equipment manufacturer (OEM) relationships are apparent, so there are fewer truly independent shops. It is important for MROs to consider the mean time between removal (MTBR) of these emerging and maturing engines. Engines are staying on-wing for longer, and this is only set to improve with the next-gen engines. While this is great news for airlines, this naturally impacts SV activity and aftermarket requirements.

Last couple of years have been exiting for wide body Aircraft MRO providers as the first of a new generation of twin-aisle aircrafts approached its initial major maintenance events. At the same time, older models are still undergoing heavy checks and extensive modifications, although they represent a diminishing market.

As per a vague statistics; wide bodies Aircraft remain well within the list of top 10 aircraft families, in terms of heavy MRO expenditures. Increasing MRO activity for current production twins such as the Airbus A330-300. It is expected to see more Airbus A380s making their first six-year heavy maintenance visits, although some A380 operators may be able to in-source this work to their own MROs; numerous Airbus A380s, built between years 2010-11, will likely be slated for heavy checks in 2017 and 2018. At the same time, it is observed that a number of in-service passenger Boeing 747‑400s are gradually being phased out by several operators. For MROs, this means more 747-400 dismantling.

Key Players

The key players in the global Wide Body Aircraft MRO Market are:

• GE Aviation (U.S.)
• Honeywell Aerospace (U.S.)
• Lufthansa Technik (Germany)
• Pratt & Whitney (U.S.)
• Rolls-Royce (U.S.)
• Abu Dhabi Aircraft Technologies (UAE)
• Air France Industries KLM Engineering and Maintenance (France)
• MTU Aero Engines (German)
• Singapore Technologies Aerospace (Singapore)

Wide Body Aircraft MRO Global Market – Segmentation

Wide Body Aircraft MRO Market can be segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Types : Comprises Airframes and Modifications, Components, Engines and Line Maintenance
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Wide Body Aircraft MRO Global Market – Regional Analysis

As per the MRFR analysis, the APAC region will continue its hegemony in the forecast period to reach astronomical amounts at a CAGR of 6%. Whereas, EMEA will grow at a CAGR of 4% and Americas will grow at a considerable CAGR during the forecast period.

However, the cost advantages enjoyed by Asian MRO suppliers will gradually, continue to erode due to shortages of skilled labour and wage inflation. Wide body airframe heavy check migration from North America to Asia has peaked, and more airframe work remaining in North America. Average labour hours per heavy maintenance check are declining, which means the labour savings from developing regions are becoming less important. Also, skilled labour shortages in Asia have driven up labour rates to the point that U.S. labour rates are now comparable to those in Asia.

Scope Of Report

The report for Global Wide-body Aircraft MRO Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Get More Information on Wide Body Aircraft MRO Market Research Report – Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/wide-body-aircraft-mro-market-1576

Contact Info:
Name: Abhishek Sawant
Email: [email protected]
Organization: Market Research Future
Address: Market Research Future, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India
Phone: 16468459312

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