According to Technavio’s latest market research study, the global aircraft line maintenance market is expected to grow at a CAGR of more than 4% during the forecast period, 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global aircraft line maintenance market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the aircraft type
|
AIRCRAFT TYPE |
MARKET SHARE 2015 (%) |
|
Narrow-body |
62.42% |
|
Wide-body |
19.46% |
|
Regional/turboprop |
18.12% |
Source: Technavio
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The top three revenue contributing aircraft type segments are discussed below
Global aircraft line maintenance market for narrow-body aircraft: The ongoing surge in the demand for narrow-body aircraft is propelling the need for MRO facilities, along with the emerging trend of outsourcing line maintenance to third party MRO providers. Furthermore, the involvement of OEMs in the after-service market is increasing steadily and impacting the market growth.
“Most MRO activities like heavy airframe, components, and engines are mostly outsourced, apart from line maintenance, as many aircraft carriers consider it a core activity and prefer that it is done in-house. Air Works, for example, performs third party line maintenance services at the Chennai, Trichy, Thiruvananthapuram, and Bengaluru airports in India,” says Avimanyu Basu, a lead analyst at Technavio for research on MRO.
Global aircraft line maintenance market for wide-body aircraft: On an average, each wide-body aircraft travel for around 3,863 hours with an average age of almost 12 years. Such high flight hours and aircraft age augments the need for MRO services for wide-body aircraft, leading to the growth of the global aircraft line maintenance market for wide-body aircraft.
Global aircraft line maintenance market for regional jets/turboprop aircraft: The market growth of this segment is hindered due to carriers preferring to use narrow-body aircraft for short hauls and the emergence of LCCs. The decreased use of regional jets has a negative impact on the global line maintenance market for regional jets/turboprop aircraft as maintenance needs will also decrease, resulting in slow growth in the market.
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The top vendors operating in the global aircraft line maintenance market are:
- Delta TechOps
- Lufthansa Technik
- Monarch Aircraft Engineering
- SIA Engineering Company
- SR Technics
Other prominent vendors in the market include Ameco, BCT Aviation Maintenance, British Airways (Engineering), FL Technics, Hong Kong Aircraft Engineering Co. Ltd (HAECO), National Aviation Services, National Aviation Ground Support, SAMCO Aircraft Maintenance, STS Aviation Group, TAP Maintenance & Engineering, Tarmac Aerosave, Textron Aviation, Turkish Technic, and United Technical Operations.
A more detailed analysis is available in the Technavio report titled, ‘Global Aircraft Line Maintenance Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Commercial Aircraft MRO Market 2016-2020
- Global Aircraft Component MRO Market 2015-2019
- Global Aircraft Engine MRO Market 2015-2019
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