Aircraft Engine MRO Market is Expected to Grow at a CAGR of 7% by 2021

PUNE, India, 2017-Jul-03 — /EPR Network/ — Market Synopsis of Global Aircraft Engine MRO Market: The Global Aircraft Engine MRO Market is expected to grow at a CAGR of around 7% during 2016-2021. The key factors driving the growth are participation of engine OEMs in MRO industry, growing demand from emerging market, and growth in aircraft fleet and engines.

As per the MRFR analysis, factors restraining the market are challenges associated with the MRO of new composite material, and high custom duties and taxes, and increased threat from OEMs.

Emergence of additive manufacturing for MRO parts, introduction of mobile technology, and usage of radio-frequency identification (RFID) to improve efficiency are the ongoing trends which will impact the market during the forecast period.

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Key Players of Aircraft Engine MRO Market:

• Delta TechOps
• GE Aviation
• Honeywell Aerospace
• Pratt & Whitney Division
• Rolls Royce
• Ameco
• Eagle Services Asia
• Evergreen Technologies
• Hong Kong Aero Engine Services
• MTU Maintenance
• Singapore Aero Engine Service

 

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Target Audience:

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

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