DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gp6h7c/global_aircraft) has announced the addition of the "Global Aircraft Engine MRO Market 2015-2019" report to their offering.
The global aircraft engine MRO market to grow at a CAGR of 6.42% over the period 2014-2019.
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. The report also examines key emerging trends and their influence on current and future market scenarios. The report includes a discussion of the key vendors operating in this market.
Additive Manufacturing (AM) provides the ability to manufacture onsite when and where it is required. It simplifies and shortens the manufacturing supply chain. Such on-demand manufacturing capability also eliminates the need to keep a large inventory of finished product in warehouses.
For example, GE now additively manufactures some of the hollow fuel nozzles for aircraft that it previously manufactured in pieces and assembled later. This process has reduced the product's supply chain for GE. AM can thus be beneficial to the MRO spare parts industry. Engine MRO spare parts can be printed onsite in a fraction of the time it otherwise takes to order and receive spare parts at the MRO facility.
According to the report, growth of the market will outstrip the aircraft fleet growth over the next 10 years, as there is an existing substantial demand for engine maintenance and modifications. APAC will likely contribute to the majority of the demand over the forecast period. Increasing demand for engine MRO from emerging markets such as China and India has largely helped the market grow. For example, China constitutes a major share of this growing market.
Increasing joint ventures have opened up new aircraft engine MRO facilities in China to cater to the MRO demand for engines such as CFM56, which powers the fleet of Boeing 737 and Airbus A320. Tax breaks, better MRO infrastructure, and cheap labor in China also largely support market growth.
Further, the report states that MRO facilities face challenges with MRO requirements for new composite materials.
Key vendors
- Delta TechOps
- GE Aviation
- Honeywell Aerospace
- Pratt & Whitney Division
- Rolls Royce
Other prominent vendors
- Ameco
- Eagle Services Asia
- Evergreen Technologies
- Hong Kong Aero Engine Services
- MTU Maintenance
- Singapore Aero Engine Service
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Global A&D supply chain system
Part 07: Global A&D value chain system
Part 08: Geographical segmentation
Part 09: Market overview of commercial aircraft gas turbine engine by region
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information visit http://www.researchandmarkets.com/research/gp6h7c/global_aircraft.
