London, 03 February 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Commercial Aircraft MRO Market 2015-2019, which is expected to grow at a CAGR of 4.02 percent during the forecast period of 2014-2019.
“Original Equipment Manufacturers are contracting third-party MRO providers to improve efficiency and cut down costs, and to focus on core competencies,” says Faisal Ghaus, Vice President of TechNavio.
“OEMs are also opting to outsource because of the shortage of qualified personnel and the difficulty in getting spare parts and components for the aircraft on time.”
Key Market Drivers
- Expansion of Existing Fleet and Launch of New Airlines
- Increased Focus of OEMs on MRO Activities
- Increased Safety Concerns
Key Market Trends
- Growing Demand from Developing Countries
- Outsourcing of MRO Activities
- Increased Focus on Fuel Efficiency
Key Market Vendors
- AAR Corp.
- Hong Kong Aircraft Engineering Group (HAECO)
- Singapore Technologies Aerospace (ST Aerospace)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
