Title: Air Transport MRO Market - Forecast (2023 - 2028)
1Air Transport MRO Market Forecast(2023 - 2028)
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- The Global market for air transport MRO systems
is forecast to reach 9.2 billion by 2025,
growing at a CAGR of 8.6 from 2020 to 2025. The
market growth is attributed to the factors such
as growing air travelling passengers,
technological advancements, government rules and
regulations and others boosts the market growth. - Air transport MRO systems market is segmented
into Narrow Body Aircraft, Wide Body Aircraft,
Regional Jet, Turbo prop and others. The narrow
body aircraft type segment held the highest
market share in 2019. The market growth is owing
to factors such as increased range and
efficiency, lowest fuel burn and others.
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- Key Takeaways
- While people in bigger cities have to spend a
larger section of their time in carpool lanes,
trains, buses, and taxis, the ride hailing
facilities make everyday commute a much easier
process. - Resultantly, there is a growing demand for these
services in many developed and developing nations
across the world as a result of which the global
ride hailing market was valued to be 54.08 in
2018. During the forecast period 2019-2025, the
ride hailing market is projected to grow at
a CAGR of 18.45.
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- By Distribution Channel- Segment Analysis
- Engine segment held the highest market share of
air transport MRO systems in 2019. Moreover, it
is anticipated to witness the significant market
growth during the forecast period 2020-2025.
Growing aviation activities in both developing
and devolving countries is a major factor
projected to raise demand for MRO aircraft fuel. - In recent years, many new MRO service centres
have been established in different countries,
which in effect raises the exposure of national
companies to the global MRO sector for aircraft
engines.
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- Air transport MRO systems market
- Collins Aerospace.
- GE Aviation
- Israel Aerospace Industries (IAI)
- United Technologies Corporation (Pratt and
Whitney division) - AAR Corporation
- Deutsche Lufthansa AG
- John Swire Sons (H.K.) Ltd.
- TIMCO Aviation Services, Inc.
- Delta TechOps
- Airbus S.A.S.
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Air transport MRO systems market Learn More
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Research/Air-Transport-MRO-Market-Research-504359
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- Data Tables
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504359
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