Fast Market Research announces the availability of the new TechNavio report, "Global Aircraft Line Maintenance Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- Line maintenance is a part of aircraft MRO; it involves maintenance activities on discrepancies as per the requirements of flight crews to ensure the airworthy condition of aircraft for operations. These activities are conducted before or in between flight operations on a regular basis. Line maintenance is classified into two: labor and materials. Some of the line maintenance activities are A checks, weekly/overnight checks, daily checks, transit checks, and pre-flight checks.
Technavio's analysts forecast the global aircraft line maintenance market to grow at a CAGR of 4.06% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Most MRO activities such as heavy airframe, components, and engine maintenance activities that do not include line maintenance are typically outsourced. However, changes in the economic conditions of airline carriers and expansion of air travel to new regions is resulting in a transition toward outsourcing. In addition, availability of spare parts to reduce long aircraft on ground (AOG) risk, turn-time reliability, and man hour rates for cost efficiency and scheduled services plays a major role in this shift."
Get More Details on this Report and a Full Table of Contents at Global Aircraft Line Maintenance Market 2015-2019
According to the report, global passenger traffic is expected to grow annually, which will result in a demand for new aircraft. This will lead to an increase in the number of flight hours, which are expected to be an average of 8.13 hours per day. Line maintenance services need to be performed every 100-150 flight hours, amounting to 1.5 million hours in 2014. This number will likely reach 3.04 million hours by 2033.
Further, the report states that rapid increase in the number of aircraft fleets has affected the industry, resulting in HR challenges such as lack of skilled and qualified personnel and providing safe working environment while providing fair wages and trying to be cost-effective.
The key players in the Global Aircraft Line Maintenance Market are Delta TechOps, Lufthansa Technik, Monarch Aircraft Engineering, SIA Engineering and SR Technics while other prominent vendors include British Airways Engineering, Hong Kong Aircraft Engineering, TAP Maintenance & Engineering and Turkish Technic
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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