TechNavio recognizes the following companies as the key players in the Global MRO Market: CFM International S.A., General Electric Co. (GE), Rolls-Royce Holdings plc, and Pratt and Whitney.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Global MRO market is expected to witness increasing demand for commercial aerospace MRO activities in emerging countries in the coming years, leading to market consolidation and expansion. Many companies are focusing on expanding their presence in developing countries by embarking on diverse strategic initiatives which are expected to enhance their topline growth and their market reach. For instance, in March 2011, Bombardier Inc. carried out a major expansion of aftermarket services for its aircraft business operators in China. This ramp-up included the creation of a new regional support office and a parts depot in Hong Kong and a new line maintenance facility in Jinan, China. This expansion in China, which was part of the company’s planned investment of up to US$30 million, has helped the company boost the support for its growing customer base in China.”
According to the report, one of the major growth drivers in the market is the increased focus of OEMs on MRO. The strong focus of OEMs on MRO activities to develop total care solutions and to enhance existing product lines is driving the market.
Further, the report states that one of the major challenges in this market is the increase in the regulations being introduced by various governments. Several vendors in the Global MRO market work for ministries and government agencies; therefore, they have to comply with stringent regulations.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Aero Engines AG, Honeywell International Inc. and PowerJet Parts Inc.
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. For further information on this report, please visit https://www.technavio.com/content/global-mro-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global MRO Market 2012-2016
