Aircraft Line Maintenance Market
Global Aircraft Line Maintenance Market by Aircraft Type (Wide body Aircraft, Narrow body Aircraft, and Regional Jet), by Geography - Forecast To 2021
Global Aircraft Line Maintenance Market by Aircraft Type (Wide body Aircraft, Narrow body Aircraft, and Regional Jet), by Geography - Forecast To 2021
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research<br />
Report By Forecast To 2021<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2021<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
Global <strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> by <strong>Aircraft</strong> Type (Wide body <strong>Aircraft</strong>, Narrow body <strong>Aircraft</strong>, and<br />
Regional Jet), by Geography - Forecast To 2021<br />
The global aircraft line maintenance market is growing with the rapid pace. According to a recent study report published by<br />
the <strong>Market</strong> Research Future, The global market of aircraft line maintenance will grow at a rapid pace over the forecast<br />
period. The market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a moderate<br />
CAGR during the projected period (2016 -2021).<br />
The high demand for aircraft line maintenances is due to the growth in the aircraft MRO services. Many new aircraft line<br />
maintenance centres have been setup in numerous countries in recent years. This increases the participation of regional<br />
companies in the field of aircraft line maintenance market. Moreover, the growing international trade between countries<br />
have increased frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplanes to ensure<br />
efficient performance and safe air travel. Rapid fleet expansion are estimated to gain higher popularity during the forecast<br />
period. The growing initiatives towards aircraft safety enhance the growth of the aircraft line maintenance market.<br />
However, the scarcity of skilled manpower, complexity in technical documentation procedures, and supervision of line<br />
maintenance acts as a barrier for the growth of aircraft line maintenance market.<br />
The aircraft line maintenance market is completely dependent on the aircraft fleet management. Thus, the increasing or<br />
decreasing demand of the aircraft fleet directly has an impact on the market. Moreover, the increase in the sales of aircraft<br />
has mainly been because of competitive and diverse options available for finance. Another factor responsible for the<br />
increase in aircraft fleet management is increased focus of OEM on aircraft line maintenance and rapid aircraft fleet<br />
expansion. This is the primary factor that drives the growth of the aircraft line maintenance market and has gained<br />
prevalence in the recent times, with usage of best in class technologies in aircraft. Thus, the growth of the aircraft line<br />
maintenance market is expected to go hand in hand with the growth of aircraft industry.<br />
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
The expansion of the commercial and military aircraft fleets, which has resulted in the development of a set of aircraft line<br />
maintenance market. The increase focus of OEMs on aircraft line maintenance will lead to an increase in use of commercial<br />
aircraft, due to which there will be growth in aircraft line maintenance market. The expansion of the existing commercial<br />
and military aircraft fleets along with the launch of new airlines, would result in increased aircraft line maintenance the<br />
forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the aircraft line maintenance<br />
market. Moreover, it is expected that the retirement of maintenance-intensive aircraft and the introduction of new<br />
generation aircraft, will lower the man-hours per maintenance visit.<br />
<strong>Aircraft</strong> line maintenance is gaining acceptance as performance-based logistics contracts are gaining popularity in the<br />
aviation field. Airline companies, across the globe, are extensively outsourcing the maintenance and logistics support<br />
contracts of their respective aircraft. This enables faster response to crisis situations and adaptation to the dynamic<br />
technological advances in the industry. Such cut throat competition in the aircraft industry requires massive investments at<br />
a regular basis, thus the high capital investment in the aircraft line maintenance market is expected to act as a hurdle in the<br />
growth of the market.<br />
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Industry/ Innovation/ Related News:<br />
February, 2018 - SIA Engineering Company Limited (‘SIAEC’) and GE Aviation (‘GE’) announced that it signed a joint venture<br />
agreement to form an engine overhaul joint venture based in Singapore.<br />
December, 2017 – Monarch aircraft engineering limited (MAEL), signed a new base maintenance agreement with La<br />
Compagnie.<br />
December, 2015 – Delta TechOps signed a long-term maintenance contract with Virgin Australia to perform maintenance,<br />
repair and overhaul services for Virgin Australia’s fleet of CFM56-7B engines.<br />
September, 2014 – British Airways line maintenance had won the contract to provide technical handling for Qatar Airways’<br />
787 flights in Edinburgh.<br />
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
Global <strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> ($ billion), 2016-2021
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> – Segmentation<br />
The Global <strong>Aircraft</strong> line maintenance <strong>Market</strong> is segmented in to 3 key dynamics for the convenience of the report and<br />
enhanced understanding;<br />
Segmentation by <strong>Aircraft</strong> Type : Comprises Wide body aircraft, Narrow body aircraft and Regional jet<br />
Segmentation by Platform : Comprises Commercial Aviation, Military Aviation and Business Aviation<br />
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and<br />
South America.<br />
<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong>: Regional Analysis<br />
European market is dominating the market of aircraft line maintenance market due to growth in commercial and military<br />
aircrafts. The market in the developing countries is largely driven by growing demand for maintenance services, which helps<br />
in growth of aircraft line maintenance market.<br />
Asia Pacific is referred to as the second-largest aircraft line maintenances market due to factors such as maximum air traffic<br />
and better demand for maintenance services have fuelled the demand for aircraft line maintenance market.<br />
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
<strong>Market</strong> Segmentation of Global <strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong>
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<strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> Research Report - Forecast to 2021<br />
Key Players<br />
Some of the key players in the Global <strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> are Delta TechOps, Lufthansa Technik, Monarch<br />
<strong>Aircraft</strong> Engineering, SIA Engineering Company, SR Technics, British Airways Engineering, Hong Long <strong>Aircraft</strong> Engineering,<br />
TAP <strong>Maintenance</strong> & Engineering, and Turkish Technic.<br />
The market report for Global <strong>Aircraft</strong> <strong>Line</strong> <strong>Maintenance</strong> <strong>Market</strong> of <strong>Market</strong> Research Future comprises of extensive primary<br />
research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key<br />
opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of<br />
current market scenario which includes historical and projected market size in terms of value and volume, technological<br />
advancement, macro economical and governing factors in the market. The report provides details information and<br />
strategies of the top key players in the industry. The report also gives a broad study of the different market segments and<br />
regions.<br />
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