Visiongain has published a new report: Aviation Maintenance, Repair & Overhaul (MRO) Market (COVID-19 Impact Analysis):- Market Segment by Organisation Type (SME, Non-SME), Market Segment by Aircraft Type (Narrowbody, Widebody, Regional jet, Turboprop), Market Segment by Service Type (Engine, Airframe, Line Maintenance, Component), Market Segment by Type (Airline, Independent Maintenance, Repair & Overhaul (MRO), OEM) plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Country.
The global aviation maintenance, repair & overhaul (MRO) market was valued at more than US$78 billion in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period 2023-2033.
COVID Impact on the Industry
The COVID-19 pandemic has had a significant impact on the aviation industry, including the aviation maintenance, repair, and overhaul (Maintenance, Repair & Overhaul (MRO)) sector. The aviation maintenance, repair & overhaul (MRO) industry, which is responsible for maintaining and repairing aircraft, has been affected by the decline in air travel demand, flight cancellations, and grounding of aircraft. The decline in air travel demands due to travel restrictions and lockdowns has led to a decrease in demand for maintenance, repair & overhaul (MRO) services. Airlines have had to reduce their fleet sizes, leading to a decrease in the number of aircraft requiring maintenance. As airlines have been forced to reduce their operations, some have cancelled or postponed their maintenance contracts with maintenance, repair & overhaul (MRO) providers, leading to a reduction in revenue.
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How will this Report Benefit you?
Visiongain’s 250-page report provides 102 tables and 145 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global aviation maintenance, repair & overhaul (MRO) market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for aviation maintenance, repair & overhaul (MRO). Get financial analysis of the overall market and different segments including aircraft type, type, organisation type, and capture higher market share.
We believe that there are strong opportunities in this fast-growing aviation maintenance, repair & overhaul (MRO) market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
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https://www.visiongain.com/report/aviation-mro-market-2023/#download_sampe_div
Competitive Landscape
The global aviation maintenance, repair & overhaul (MRO) industry is competitive in nature as large number of well-established companies are operating in this industry. Some key players operating in this market are AAR Corp, Airbus, Delta TechOps, Hong Kong Aircraft Engineering Company Limited, KLM UK Engineering Limited, Lufthansa Technik, MTU Aero Engines AG, Singapore Technologies Engineering Ltd, TAP Maintenance & Engineering, Raytheon Technologies, MRO Japan Co., Ltd., SGS Société Générale de Surveillance SA, and Manitoba Aerospace. Companies operating in this sector are adopting actions such as partnerships, defense contracts, new product development, and research and development to form different strategies in order to stay competitive in this industry.
To access the data contained in this document please email oliver.davison@visiongain.com
To find more Visiongain research reports on the Aviation and Defence sector, click on the following links:
- Aircraft Sensors Market Report 2023-2033
- Aerospace & Defence Telemetry Market Report 2023-2033
- Unmanned Helicopters Market Report 2023-2033
- Air Traffic Management Market Report 2022-2032
- Supersonic and Hypersonic Missiles Market Report 2023-2033
- Military Armoured Vehicle Market Report 2023-2033
- Military Electro-Optical and Infrared (EO/IR) Systems Market Report 2022-2032
Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: oliver.davison@visiongain.com
About Visiongain
Visiongain is one of the fastest growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.
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Oliver Davison
Visiongain Reports Limited
Telephone: +44 (0) 20 7336 6100
Email: oliver.davison@visiongain.com
Web: www.visiongain.com
