Narrow-Body Aircraft Mro Market Update: More Downside Remains

High growth in the Air travel industry will help to boost global narrow body aircraft MRO. Aircraft Maintenance, Repair, Overhaul (MRO) is essential for sustaining the lifespan of narrow-body aircraft and assuring the crashworthiness of a narrow body aircraft. The narrow-body aircraft service consists of maintenances, routine checks, overhauls, repairs, and modifications disbursed on narrow-body aircraft and their elements. The rising international trade between nations has improved the travel occurrences of cargo planes. Therefore, it is crucial to conduct timely checks or repairs of airplanes to confirm efficient performance and harmless air travel.

Latest study released by AMA Research on  Global Narrow-Body Aircraft Mro Market research with more than 100 market data tables and figures spread through Pages are easy to understand TOC in “Global Narrow-Body Aircraft Mro Market research”, so you can get a variety of ways to maximize your profits. Narrow-Body Aircraft Mro Market predicted until 2025 *. According to AMA, the Global Narrow-Body Aircraft Mro market is expected to see growth rate of 3.19%.

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Competitive Analysis:
Leading companies are focusing on innovation in production technology to improve efficiency and shelf life to overcome COVID19 Outbreak Impact. The best long-term growth opportunities in this sector can be captured by ensuring financial flexibility to invest in continuous process improvement and optimal strategies. Company profile sections such as GE Aviation (United States), Honeywell Aerospace (United States), Lufthansa Technik (Germany), Pratt & Whitney (United States), Rolls-Royce (United States), Air Works (India), Jet Maintenance Solutions (Lithuania), GMF AeroAsia (Indonesia), Singapore Technologies Aerospace (Singapore) and FL Technics Jet JSC (United Kingdom) include legal names, websites, headquarters, market locations, historical background and market information (including market cap / sales and contact information) And other basic information. Each player / manufacturer revenue figure, growth rate, and gross margin are provided in an easy-to-understand table format over the past five years and are provided as separate sections for recent developments such as mergers, acquisitions, or launch of new products / services.

Research objectives:

  • Post COVID Analysis on growth & market size (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To study and analyze the Global Narrow-Body Aircraft Mro Market size by key regions/countries, product type and application, history data from 2019 to 2025, and forecast to 2025.
  • To understand the structure of Narrow-Body Aircraft Mro Market by identifying its various sub segments.
  • Focuses on the key Global Narrow-Body Aircraft Mro Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Narrow-Body Aircraft Mro Market with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market to better understand Pre and Post COVID scenario.


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Latest news and Recent Development in Narrow-Body Aircraft Mro
Market:
On 19th June 2019, GE Aviation and Lufthansa Technik AG enlarge their collaboration on Boeing 777X MRO services. The companies have signed a maintenance, repair and overhaul (MRO) agreement under which Lufthansa Technik will be GE’s authorized service provider for the backup generator/converter (BUG and BUC) and for certain Electrical Load Management Systems (ELMS) components on the new Boeing 777X aircraft.

On 29th March 2019, FL Technics, a global provider of integrated aircraft maintenance, repair, and overhaul services, a part of Avia Solutions Group, has just signed a joint operations agreement to open an EASA certified Line maintenance station in Dubai International Airport (DXB). and On 6th Dec 2018, FL Technics, a global provider of integrated aircraft maintenance, repair & overhaul services, has announced further expansion to Asia region by opening a new warehouse in Singapore.

Influencing Market Trend

  • The Rise in Popularity of Radio-Frequency Identification (RFID)
  • The Emergence of Portable Device

 

Market Drivers

  • Growing Demand In Aircraft Fleet
  • Rising Narrow Body Aircraft Market

 

Opportunities

  • Growing Traffic of Airline Scheduled Passengers and Increasing Disposable Income of the People Using Aircrafts
  • The Growing Adoption of Predictive Maintenance Tools

 

Restraints

  • High-Cost Mountainous Of Narrow Body Aircraft MRO
  • The Dearth of Skilled Workforce

 

Challenges

  • Rising Concern Regarding Environmental Issues

 

Report Metric Details
Market size available for years 2018–2027
Base year considered 2019
Forecast period 2020-2027
Forecast units Value (USD Million)
Market Segmentation by Type (Airframes and Modification, Components, Engines, Line Maintenance), Application (Servicing, Maintenance, Renovated), End User (Military, Commercial)
Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, and South America



Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Research Parameter/ Research Methodology
Primary Research:
Key sources are industry professionals in the Global Narrow-Body Aircraft Mro industry, including management organizations, processing organizations, and analytics service providers that manage the value chain of industry organizations. As survey are restricted due to lockdown worldwide, out team of Analyst are collecting and certifying qualitative and quantitative information through extensive primary research process via LinkedIn, Email communication, Survey Monkey and Industry forum to acquire relevant information  from industry experts such as CEOs, vice presidents, directors, technology and innovation experts, founders and key executives from several of the industry’s leading Global Narrow-Body Aircraft Mro companies and organizations.

Secondary Research:
Secondary research studies critical information about the industrial value chain, core pool of people, and applications. We also helped market segmentation and key information with the help of Annual reports, press releases, analyst & conference call transcripts.

In this study, the years considered to estimate the market size of Global Narrow-Body Aircraft Mro are as follows:
History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2027


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Strategic Points Covered in Table of Content of Global Narrow-Body Aircraft Mro Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Narrow-Body Aircraft Mro market

Chapter 2: Exclusive Summary – the basic information of the Narrow-Body Aircraft Mro Market.

Chapter 3: Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Narrow-Body Aircraft Mro; Post COVID Scenario

Chapter 4: Presenting the Narrow-Body Aircraft Mro Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2014-2019

Chapter 6: Evaluating the leading manufacturers of the Narrow-Body Aircraft Mro market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2020-2025)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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