Aviation mro forecast business jet
Government of Gujarat plans to develop Dholera Airport as a MRO hub, incorporating all the capabilities, facilities and warehouses in the Airport to provide low-cost, high-quality services to aircraft and parts manufacturers as well as airlines and other companies in the industry. The Gujarat government plans to develop land close to proposed Dholera International Airport airport for MRO and Aviation related other facilities.
The strategic location of Dholera airport, serves additional advantage for becoming the Global MRO hub as well as hub for aircraft part manufacturing. This MRO hub will be backed by the level of economic activities in the DSIR and enormous domestic and foreign investment in the region over the years.
Air transport MRO business in the world was estimated at $40.8 bn in 2006. The Asia-Pacific aircraft and engine MRO market totalled $ 8.71 billion in 2005 and is estimated to touch $12.90 billion in 2011.
Commercial aircraft maintenance, repair and overhaul (MRO) is an essential requirement to ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely transport passengers and cargo. The commercial aircraft MRO market is influenced by external factors in the wider air transport industry including global fleet size, aircraft utilisation and increasing and decreasing air traffic volumes for both passengers and cargo.
The commercial aircraft MRO market has fluctuated in recent years with the recent economic challenges and downturn in demand reflected in trends of falling revenue for a number of leading MRO companies. More recently, the aviation industry has indicated signs of recovery with considerable growing demand forecast over the next decade in regions such as the Asia-Pacific and Middle East . This is expected to act as one of the key market drivers for the commercial aircraft MRO sector in the short to medium term future.
This report examines the leading twenty companies within the commercial aircraft MRO market in detail, providing the reader with a comprehensive overview of the leading product and service providers in the market and an analysis of their strategies, strengths and the challenges facing them in the future.
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