The global market for air transport MRO is also likely to reach US$ 101,941.2 million revenue by the end of 2026.
Albany, NY -- (SBWIRE) -- 01/23/2018 -- It is vital to understand that, the task of repair, maintenance and operation (MRO) are all important in the airline industry. In the recent past, MRO has transformed as one of the major expenditure managed by airline companies since international aviation authorities all around the globe have made MRO mandatory. In order to understand the complete market scenario for Air Transport MRO, a fresh research study titled "Air Transport MRO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026", has been included to the broad repository managed by Market Research Hub (MRH). As per active research findings, the market is likely to register 4.2% CAGR between 2017 and 2026. Further, the global air transport MRO is also anticipated to reach US$ 101,941.2 million (in revenue) by the end of the forecast period.
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In this intelligent report, readers can access factors such as market dynamics and prevailing trends. Presently, growth in the global air transport MRO market is associated to various macro-economic and micro-economic structures. According to the assessment, moderate growth in the concerned market is as a result of low investment in the aviation industry on the international platform. Further, since developing nations are observing slow economic growth, fresh ventures in the aviation industry remain to stay low. On the other hand, demand for the repair, maintenance and operations is projected to remain high in the aviation sector because of growing need to improve operability and productivity of the aircrafts.
The later section of the report focuses on the market segmentation considering factors like type, aircraft type, and region. Based on type, the overall market is bifurcated as engine, line, components and airframe. On the basis of aircraft type, the market is segmented as widebody, narrowbody jet and turboprop. Factors such as Y-o-Y Growth, Revenue Comparison, Market Share Comparison as well as Market Size and Forecast (US$ Mn), 2012-2026 are presented carefully in the report. The report reveals that, demand for the operations, maintenance and repair of the aircrafts is expected to stay high credited to growing number of flight bookings. Also, with the rising number of vacations, occasions, business trips and events, there has been a boost in the count of passengers choosing to travel via air transport options.
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Presently, the prominent market players from the global air transport MRO market are China National Aviation Holding Company, British Airways PLC, AAR Corporation, Air France-KLM SA, Delta Air Lines, Inc, General Electric Company and Iberia Lineas Aereas de Espana S.A.
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