Aircraft Maintenance Services Market to Develop New Growth Story | GE Aviation, SR Technics, AAR
Research Reports
Jan 06, 2022
Latest business intelligence report released on Global Aircraft Maintenance Services Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Aircraft Maintenance Services market outlook.
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
Lufthansa Technik (Germany), GE Aviation (United States), AFI KLM E&M (France), ST Engineering Aerospace (Singapore), MTU Friedrichshafen (Germany), AAR Corp (United States), SR Technics (Switzerland), SIA Engineering (Singapore)
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Brief Overview on Aircraft Maintenance Services:
The aircraft management service includes managing maintenance according to commercial standards and ensuring all logistics. These things are done for both safety and operational efficiency. In addition, aircraft maintenance services offer aircraft owners several advantages. It includes complete control of the aircraft, but also offers the ability to reach a wider range of customers. This increases the number of Business Jet Charter trips your managed aircraft can make in a day and reduces your fixed costs. Aircraft maintenance services take full responsibility for aircraft, including maintenance and planning charters. Aircraft Maintenance Services members also receive discounted prices on fuel, training, jet maintenance, and insurance packages. In addition, the services use international accounting standards (e.g. EASA STC) which help keep track of performance and finances. The automotive and transportation industries are among the industries hardest hit by the ongoing COVID-19 outbreak and are currently in unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Industry concern has shifted from focusing on disrupting the supply chain from China to the general slump in demand for automotive products. Demand for commercial vehicles is expected to decrease with the discontinuation of all non-essential services. In addition, changes in consumer buying behavior due to the uncertainty surrounding the pandemic could have a serious impact on the growth of the industry in the near future. In the meantime, liquidity bottlenecks and the liquidity crisis have already affected the sales of the fleet operators, which is expected to increase further in the coming months.
Key Market Trends:
Maintenance and Crucial Repairs of Cargo Planes Due To an Increase in Flying Frequency
The Rise in International Trade and Demand for New Aircraft
Rising Airline Operators Are Upgrading Their Plane Models to Enable Cost-Saving That Results In Fuel Efficiency
Opportunities:
The Increase in Spending By Airline Companies on Aircraft Maintenance and Spare Parts
The Rise in Advanced Technologies for Maintenance Activities and OEMs
The Growing Presence of OEMs in the Maintenance Industry Providing Engine Maintenance Services
Market Growth Drivers:
The Stringent Regulations Laid Down By Airworthiness Authorities
A Rise in Aircraft Modernization, Environmental Concerns, and Norms and Regulations
The Rise of Refurbished and Used Parts in the Engine and Non-Engine Maintenance
The Introduction of a New-Generation Fleet in the Aviation Sector Requires a High Degree of Expertise and Knowledge
Challenges:
Lack of Common Data Standards
Segmentation of the Global Aircraft Maintenance Services Market:
by Type (Airframe, Engine, Component, Line), Application (Air Transport, BGA), Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft), Organization Type (Airline/Operator Maintenance Organization, Independent Maintenance Organization, Original Equipment Manufacturer (OEM)), Service Type (Component Replacement & Rigging, Defect Rectification, Engine & APU, Aircraft on Ground)
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data – 2016-2020
The base year for estimation – 2020
Recent Estimated Year – 2021
Forecast period** – 2021 to 2027 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Aircraft Maintenance Services Market Study
Chapter 1: Exclusive Summary of the Aircraft Maintenance Services market
Chapter 2: Objective of Study and Research Scope the Aircraft Maintenance Services market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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