Growth Due To Demand For Maintenance Services

Recently-published analysis of the world commercial aircraft maintenance, repair and overhaul (MRO) market indicates it will reach a value of $49.2 billion in 2013 due to the growing demand for maintenance services to handle the global fleet of commercial aircraft. The commercial aircraft MRO market is forecast to experience growth over the next decade providing numerous business opportunities.

The study, published by ASD Reports, projects that the expansion of air travel will ensure an increase in production rates for new aircraft which should give MRO providers ample opportunities for new business. But newer aircraft, which require less maintenance than older aircraft which are now coming into retirement age, will require MRO providers to invest in adding new training techniques and new tooling in order to attain relevant certification. This is something that many smaller third party providers will struggle to achieve by themselves. The increasing presence of OEMs into the after sales market is likely to alter the make-up of the MRO market.

The author of the World Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2013-2023 report commented that "the prospects for the commercial aircraft MRO market will remain encouraging given the number of aircraft expected to be active in the air over the next ten years and because of the need to improve on efficiency and to fill air safety requirements."

FMI: www.asdreports.com