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Fri, 9 May 2008 19:27:00 GMT +0100 |
Air Transport MRO Market To Reach $61B and Restructure Significantly By 2017 |
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May 2008 --[ASDWire]-- The commercial air transport maintenance, repair and overhaul (MRO) market in 2007 was worth US$45B according to the latest update of the AeroStrategy/OAGback MRO market model. This reflects a 10% increase over the 2006 market spend of about $41B. Growth of MRO spend over the next decade is expected to be 3.1% per annum, resulting in a market of US$61.3B in 2017 (in constant $). AeroStrategy also predicts several structural changes to take place in the next 10 years: • AeroStrategy predicts that outsourcing of maintenance will increase from 52% in 2007 to 73% in 2017; • The amount of airframe heavy maintenance being outsourced to independent airframe MRO suppliers is predicted to increase from 20% in 2007 to 50% in 2017; • The amount of component maintenance done in-house by the airlines is predicted to decrease from 30% in 2007 to 15% in 2017…with over 50% of all component MRO being performed by airline third party suppliers; • PMA parts penetration will increase from 2.5% in 2007 to 8% in 2017; • Aircraft OEMs will become important suppliers of integrated MRO contracts on the next generation single aisle aircraft A copy of AeroStrategy’s latest Conference speech on the air transport MRO market can be downloaded at www.aerostrategy.com AeroStrategy is a premier management consulting firm specializing in strategy and market analysis for the aviation and aerospace industries. The firm has offices in Europe and North America. For further information, see www.aerostrategy.com |
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For further information please contact: Jennifer Zapp Research Associate AeroStrategy 101 N. Main, Suite 400 Ann Arbor, MI 48104 (734) 213-1579 direct jzapp@aerostrategy.com |
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