Industry Analysis & Industry Trends
The main markets for the Aircraft Repair, Maintenance and Overhaul industry are commercial airlines and the armed forces. However, the airline market is more important to the industry because it generates an estimated 68.1% of revenue. The industry has expanded over the past five years. Increasing passenger travel supported the recovery of revenue growth by propelling demand for maintenance, repair and overhaul (MRO) services. The average age of the aircraft fleets operated by commercial airlines also increased due to several airlines delaying or reducing new orders following the financial crisis. This positively influenced demand, because older aircraft typically require more MRO services... purchase to read more
Industry Report - Industry Analysis Chapter
Industry operators mostly provide maintenance, repair and overhaul (MRO) services for civil and defence aircraft, so demand is dependent on activity in these markets. Airlines are the most important market for the industry because they generate an estimated 68.1% of MRO providers' revenue. MRO services carried out on military aircraft for governments account for an estimated 30.2% of revenue.
The industry expanded over the past five years after revenue declined prior to the start of the period. An increase in passenger transport levels stimulated demand for the industry's services from the start of the period. The average age of aircraft fleets began to increase marginally over the past five years as the effects of the lower order volumes during the financial crisis were realised. Thi.. purchase to read more