Industry Analysis & Industry Trends
Over the past five years, the Aircraft Maintenance, Repair and Overhaul (MRO) industry has slowly climbed out of the recession and reached new heights. Improving economic conditions led to a pickup in air travel. As a result, airlines increased their use of their aircraft fleets. The resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. In the five years to 2021, continued economic growth is anticipated to lead to increased air travel and aircraft usage. Moreover, lower oil prices might keep older aircraft flying for longer, thus increasing the need for MRO... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Aircraft Maintenance, Repair and Overhaul (MRO) industry has a low level of market concentration. In 2016, the four largest industry players are expected to account for less than 20.0% of industry revenue. Most industry operators are relatively small and focus on regional markets and niche services. However, there are a number of larger companies that focus on nationwide coverage over multiple services. Nonetheless, in order to gain such size, these companies often offer more than just MRO services and are part of larger aftermarket suppliers of even airlines.
Over the past five years, industry players have had to compete with original equipment manufacturers (OEMs) that have sought to win orders and increase profitability through added value services such as MRO... purchase to read more