Reportstack has announced a new market research 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,”.
“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
Hong Kong Aircraft Engineering Group (HAECO)
Singapore Technologies Aerospace (ST Aerospace)
To define the market circumstances in the next 3-4 years, the 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.
To access full report with TOC, please visit Global Commercial Aircraft MRO Market 2015-2019.