Pune, India -- (SBWIRE) -- 09/05/2018 -- Aircraft Line Maintenance Market overview
Global Aircraft Line Maintenance Market is expected to grow at a CAGR of around 5.5% during 2016-2021. The key factors driving the growth are growing initiatives towards aircraft safety, increase in flights hours, increased demand for aircraft, and usage of best in class technologies in aircraft. As per the MRFR analysis, factors restraining the market growth are scarcity of skilled manpower, complexity in technical documentation procedures, and supervision of line maintenance.
Integration of IT for predictive maintenance and MRO outsourcing are the on-going trends which will have positive impact on the market during the forecast period.
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Industry/ Innovation/ Related News:
February, 2018 - SIA Engineering Company Limited ('SIAEC') and GE Aviation ('GE') announced that it signed a joint venture agreement to form an engine overhaul joint venture based in Singapore.
December, 2017 – Monarch aircraft engineering limited (MAEL), signed a new base maintenance agreement with La Compagnie.
December, 2015 – Delta TechOps signed a long-term maintenance contract with Virgin Australia to perform maintenance, repair and overhaul services for Virgin Australia's fleet of CFM56-7B engines.
September, 2014 – British Airways line maintenance had won the contract to provide technical handling for Qatar Airways' 787 flights in Edinburgh.
Key Players:
The leading market players in the global Aircraft Line Maintenance Market primarily include :
- Delta TechOps
- Lufthansa Technik
- Monarch Aircraft Engineering
- SIA Engineering Company
- SR Technics
- British Airways Engineering
- Hong Long Aircraft Engineering
- TAP Maintenance & Engineering
- Turkish Technic
Aircraft Line Maintenance Market – Competitive Analysis
The global aircraft line maintenance market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are the key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base have become the key areas to have the edge over the competitors.
The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide advanced and high-quality aircraft line maintenance so as to survive and succeed in an intensely competitive market environment.
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Aircraft Line Maintenance Market – Segmentation
The Global Aircraft line maintenance Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Aircraft Type : Comprises Wide body aircraft, Narrow body aircraft and Regional jet
Segmentation by Platform : Comprises Commercial Aviation, Military Aviation and Business Aviation
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Aircraft Line Maintenance Market – Regional Analysis
Asia had the largest share of the global aircraft line maintenance MRO market in 2016. It is an emerging region in the long-haul international market and it relies heavily on the small and medium wide-body aircraft. As a result, a number of such airlines have been entering into service, recently such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia. Asia Pacific is home to major MRO service providers such as HAECO and SIA Engineering Company, and is projected to witness the highest growth rate, during the forecast period. Over the years, with the increasing incomes, there has been a high demand for air travel in the region, which stimulated larger developments of airplanes. It is expected that by 2035, more than 16,000 aircraft would be delivered in the region. Moreover, due to the low labour rates, North American airlines outsource 60% of their heavy maintenance and airframe MRO, to Asia, where it is a major source of income. In the recent years, there have been some major developments in the market.
Scope Of Report
This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Aircraft Line Maintenance Market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
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Study Objectives of Global Aircraft Line Maintenance Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aircraft Line Maintenance Market
- To provide insights about factors affecting the market growth
- To analyse the aircraft line maintenance market based on various factors- price analysis, supply chain analysis, porter's five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by aircraft types
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aircraft Line Maintenance Market
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