DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wm2xqz/global_aircraft) has announced the addition of the "Global Aircraft Line Maintenance Market 2015-2019" report to their offering.
The global aircraft line maintenance market to grow at a CAGR of 4.06% over the period 2014-2019.
This report presents scenario and the growth prospects of the global aircraft line maintenance market for 2015-2019. The report provides a global overview as well as growth prospects by region (Americas, APAC, and EMEA). The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market. In addition, it discusses the major drivers influencing market growth and outlines the challenges faced by vendors and the market as a whole.
Most MRO activities such as heavy airframe, components, and engine maintenance activities that do not include line maintenance are typically outsourced. However, changes in the economic conditions of airline carriers and expansion of air travel to new regions is resulting in a transition toward outsourcing. In addition, availability of spare parts to reduce long aircraft on ground (AOG) risk, turn-time reliability, and man hour rates for cost efficiency and scheduled services plays a major role in this shift.
According to the report, global passenger traffic is expected to grow annually, which will result in a demand for new aircraft. This will lead to an increase in the number of flight hours, which are expected to be an average of 8.13 hours per day. Line maintenance services need to be performed every 100-150 flight hours, amounting to 1.5 million hours in 2014. This number will likely reach 3.04 million hours by 2033.
Further, the report states that rapid increase in the number of aircraft fleets has affected the industry, resulting in HR challenges such as lack of skilled and qualified personnel and providing safe working environment while providing fair wages and trying to be cost-effective.
Key vendors
- Delta TechOps
- Lufthansa Technik
- Monarch Aircraft Engineering
- SIA Engineering
- SR Technics
Other prominent vendors
- British Airways Engineering
- Hong Kong Aircraft Engineering
- TAP Maintenance & Engineering
-
Turkish Technic
For more information visit http://www.researchandmarkets.com/research/wm2xqz/global_aircraft
