DUBLIN--(BUSINESS WIRE)--The "Global
Aircraft Maintainence Repair and overhauling Market - Growth, Trends,
and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's
The aircraft maintenance, repair and overhaul market are anticipated to register a CAGR of 6.17% over the forecast period, 2018-2023.
In 2013, aviation industry came out of the effects of the global economic recession to record post-tax profit of USD 10.6 billion. This was achieved as a result of an increase in demand, positive impact on cash flow of industry restructuring and slightly lower than expected fuel costs.
The aviation market has reported a rapid increase in traffic across the globe, and this has allowed the airlines to provide frequent flights and place orders for new aircraft. Indigo, an Indian airline, placed an order for 150 Airbus A320 in 2010 when it began operations in the domestic sector. Airbus and Boeing together have a combined order backlog of 18,000 aircraft as of 2017.
The year 2013 saw a 2% increase over 2012, concerning number of scheduled flight services; more than 31.6 million. The civilian aircraft fleet is expected to grow from around 28,000 in 2014 to more than 35,500 by 2022.
In 2015, aviation industry saw the most significant orders for the purchase of a narrow body jet when Indigo Airlines of India placed a second order for 250, A320 aircraft to cater to the increasing demands of connectivity and regular services. The delivery of these aircraft will begin in 2017 and are expected to be finished post-2021.
This increase in fleet size in the military aircraft market is led by huge spending increase from Saudi Arabia, India, and Russia, the military aircraft market has been experiencing high growth. India and Saudi Arabia, in particular, have been ramping up their purchases due to growing tensions in the respective regions. One of the most recent high profile orders was the purchase of 36 Dassault Rafale aircrafts by India in 2015 and a massive order for Saab Gripen is expected from Brazil soon.
- AAR Corporation
- AFI KLM
- Delta Techops
- GE Aviation
- Iberia Maintenance
- Lufthansa Technik
- MTU Aero Engines
- Pratt & Whitney
Key Topics Covered:
2. Executive Summary
3. Market Overview and Trends
4. Market Dynamics
5. Global Aircraft Maintenance, Repair and Overhaul Market - Segmented by Type
6. Global Aircraft Maintenance, Repair and Overhaul Market - Segmented by Geography
7. Competitive Landscape
8. Company Profiles
9. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/p3tgvj/global_aircraft?w=4