DUBLIN, December 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/tfwgw2/global_narrowbody) has announced the addition of the "Global Narrowbody Aircraft MRO Market 2015-2019" report to their offering.
MRO operations account for 10%-15% of an airline's total operating costs. While aircraft undergo scheduled maintenance services, these can become delayed due to non-availability of the spare parts required. Thus, the use of lean management techniques in operations can lead to sustainable performance improvements.
Lean MRO activities eliminate unnecessary tasks from processes and increase supply chain effectiveness. Increased focus on lean operations will lead to significant savings in hangar or workspace reduction, labor productivity, increased capacity, defect reduction, and on-time delivery improvements.
The report forecasts the global narrow-body aircraft MRO market to grow at a CAGR of 3.93% over the period 2014-2019.
According to the report, by 2032, 10,400 new planes will replace existing aircraft, doubling the worldwide fleet to approximately 36,500 aircraft. Airbus delivered 500 narrow-body A320 aircraft in 2013. It has a total of 3,904 orders for its new-generation A320neo aircraft, to be delivered to the airlines across the world during the forecast period. With higher demand for aircraft, the global market for MRO will increase, as well.
Further, the report states that as higher investment is required to offer new MRO services, market growth may suffer.
Key questions answered in this report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key Market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- GE Aviation
- Honeywell Aerospace
- Lufthansa Technik
- Pratt & Whitney
- Rolls Royce Holdings
Other prominent vendors:
- Air Works
- FL Technics Jet JSC
- GMF AeroAsia
- ST Aerospace
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by MRO type
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/tfwgw2/global_narrowbody
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