Wide Body Aircraft MRO Market is Expected to Grow at a CAGR of 4.5% by 2021

PUNE, India, 2017-Jul-03 — /EPR Network/ — Market Synopsis of Global Wide Body Aircraft MRO Market: The Global Wide Body Aircraft MRO Market is expected to grow at a CAGR of around 4.5% during 2016-2021. The key factors driving the growth are retrofit of older fleets, expanding fleet size, and focus of OEM on engine and aircraft MRO.

As per the MRFR analysis, factors restraining the market growth are government regulations, aircraft retirement, and environmental hazards.

MRO outsourcing, IT enabled MRO, demand in emerging countries are the ongoing trends which will have positive impact on the market during the forecast period.

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Key Players of Wide Body Aircraft MRO Market:

• GE Aviation
• Honeywell Aerospace
• Lufthansa Technik
• Pratt & Whitney
• Rolls-Royce
• Abu Dhabi Aircraft Technologies
• Air France Industries KLM Engineering and Maintenance
• MTU Aero Engines
• Singapore Technologies Aerospace

 

Regional and Country Analysis of Global Wide Body Aircraft MRO Market:

As per the MRFR analysis, the APAC region will continue its dominance in the forecast period, to grow at a CAGR of 6%. Whereas, EMEA and Americas will grow at a CAGR of 4% during the forecast period.

Target Audience:

• MRO Vendors
• Component Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

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