Aircraft Engine MRO Market 2019 World Analysis and Forecast to 2023

Aircraft Engine MRO Market – Market Overview

Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO service providers. Many new MRO service centres have been setup in such countries in recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft engine MRO. Growing international trade between countries have increased the frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplane to ensure efficient performance and safe air travel.

The market is driven by various factors such as development of next-generation engines and rapid fleet expansion. Also, increased restriction in global flight regulations and the need for proper maintenance of engines & engine components, is driving the growth of the aircraft engines MRO market.

Get Report Sample : https://www.marketresearchfuture.com/sample_request/1556

Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO service providers. Many new MRO service centres have been setup in such countries in recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft engine MRO. Growing international trade between countries have increased the frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplane to ensure efficient performance and safe air travel.

Over the years, extensive investments have been made in the development of commercial aerospace engines. For example, the GE9X engine, a next-generation aircraft engine, developed by GE Aviation, offers better performance than traditional engines. It is expected to be in service by 2020. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine available in the market, and had received more than USD 100 billion in orders by 2015, which has propelled the market for aircraft engines.

The development of such advanced engines is expected to fuel their maintenance, repair, and overhaul operations. Moreover, there were approximately 10,000 orders of such engines by 2016, which implicates that the MRO service providers would have a high revenue in the coming years, as a result of the aftermarket services on these engines.

Key Players:

The leading market players in the global Aircraft Engine MRO market primarily include GE Aviation (U.S.), Rolls-Royce (U.K.), Pratt & Whitney (U.S.), Lufthansa Technik (Germany), Safran Aircraft Engines (Paris), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), MTU Aero Engines (Germany), ST Aerospace (Singapore) and Delta TechOps (U.S.).

Browse Full Report : https://www.marketresearchfuture.com/reports/aircraft-engine-mro-market-1556

Aircraft Engine MRO Market – Segments

For the convenience of the report and enhanced understanding; The Aircraft Engine MRO Market is segmented in to 3 key dynamics

Segmentation by Application: Commercial Air Transport, and Business & General Aviation.

Segmentation by Types: Widebody Aircraft, and Narrowbody Aircraft.

Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin), Europe, APAC and Middle East & Africa.

AIRCRAFT ENGINE MRO Market – Regional Analysis

In 2016, North America was the leading region for the global aircraft engine MRO market. A number of the major aircraft manufacturers (such as Boeing) and engine MRO services providers are present in the region, gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.

Asia, an emerging region in the long-haul international market, relies heavily on the small and medium widebody aircraft. As a result, a number of such airlines have been entering into service in the recent years such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia.

Press Release Available : https://www.marketresearchfuture.com/press-release/aircraft-engine-mro-industry

Mrfr team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technolo