Global Aircraft Engine MRO Market Research Report - Forecast to 2023
Global Aircraft engines MRO Market Information by Aircraft Type (Widebody Aircraft, and Narrowbody Aircraft), Application (Commercial Air Transport, and Business & General Aviation) and by Region - Forecast to 2023 Market Research Future Publish a New Report on - “Aircraft Engine MRO Market Research Report - Forecast to 2023” Exclusive Summary: Aircraft Engine MRO Market has gained a huge traction around the globe owing to the increased Air Travel rate. According to a recent study report published by the Market Research Future, The Aircraft Engine MRO Market is projected to grow at a rapid pace during the forecast period (2016 – 2023). The Aircraft Engine MRO Market is forecasted to demonstrate an aggrandized growth by 2023, surpassing its previous growth records; with 6.43 % CAGR during the forecasted period 2016-2023. Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO service providers. Many new MRO service centres have been setup in such countries in recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft engine MRO. Development of next-generation engines is major factor driving the growth of the market. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine available in the market, and had received more than USD 100 billion in orders by 2015, which has propelled the market for aircraft engines. Additionally, need for proper maintenance of engines & engine components, is also driving the growth of the aircraft engines MRO market. However, environmental Hazards is the factor that may hamper the growth of the market. Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1556 The key factors driving the growth are retrofit of older fleets, expanding fleet size, and focus of OEM on engine and aircraft MRO. 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. However, factors such as government regulations, aircraft retirement, and environmental hazards are likely to pose as restraining factors to the market growth. The key players of global aircraft engines MRO market are GE Aviation (U.S.), Rolls-Royce (U.K.), Pratt & Whitney (U.S.), Lufthansa Technik (Germany), Safran Aircraft Engines (Paris), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), MTU Aero Engines (Germany), ST Aerospace (Singapore) and Delta TechOps (U.S.). Competitive Analysis Characterized by the presence of several major well-established players, the global Market of Aircraft Engine MRO appears to be highly competitive. Well established players incorporate