- The key vendors in the global wide-body aircraft MRO market 2015-2019 are GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney and Rolls-Royce.
London, 13 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global wide-body aircraft MRO market 2015-2019. Usage of addictive manufacturing technology for MRO spare parts is one of the key trends upcoming in this market. AM makes it possible for OEMs and aircraft operators to manufacture spare parts on-site as and when required. This simplifies and shortens the manufacturing supply chain. It also eliminates the need to maintain a large stock of finished products in the warehouse. The global wide-body aircraft MRO market 2015-2019 is estimated to grow at a CAGR of 4.14%, during 2015-2019.
An increase in air traffic, growing backlogs in the delivery of aircraft, a rise in the retrofitting of aircraft engines and components, and the use of advanced technology are some key factors driving the growth of the market. The growing backlogs and deliveries of aircraft in APAC, Middle East and Latin America regions will drive the global wide-body MRO market during the forecast period.
“Of late, aircraft and OEM manufacturers have been investing more in the MRO of old wide-body aircraft that require refurbishments, modifications, and regular maintenance,” says Faisal Ghaus, Vice President of Technavio Research.
“Increased investments, contracts, and agreements to retrofit older aircraft with upgraded systems will drive the growth of the wide-body aircraft MRO market in the next five years.”
To define the market conditions 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%…
