Global Aircraft Line Maintenance Market 2016-2020

Global aircraft line maintenance market analysis

As per Technavio's global aircraft line maintenance market report, the industry is anticipated to grow at a CAGR of over 4% by 2020. The establishment of new facilities to accommodate increasing fleet size is one of the primary factors driving the aircraft line maintenance market growth. It has been noted that most global aircraft manufacturers are establishing maintenance facilities in different regions across the globe. According to the aircraft line maintenance market forecasts, the increasing number of manufacturing facilities allows vendors to penetrate regional markets and also establishes competition with the local maintenance service providers. In most regions, the customer tends to choose the maintenance service providing an arm of the aircraft manufacturer, rather than any third-party or outsourced service provider. As a result, most vendors prefer offering specialized manufacturer-certified line maintenance services locally to increase their market shares.

Another key factor that is estimated to foster market growth is the rising preference for outsourcing line maintenance services. The outsourcing of non-core activities, such as like aircraft MRO, to reduce the overall cost is a key trend in the global aviation industry due to its ability to bring about cost effectiveness and augment effectual time management. Most MRO activities like heavy airframe, components, and engines are mostly outsourced, apart from line maintenance, as most aircraft carriers consider it a core activity and prefer that it is done in-house. For instance, Air Works performs third party line maintenance services at the Chennai, Trichy, Thiruvananthapuram, and Bengaluru airports in India. It costs around USD 200 and takes around 45 minutes to complete line maintenance for each narrow-bodied aircraft, and USD 400 and two hours per wide-bodied aircraft.

Competitive landscape and key vendors    

This market is competitive and is marked by the presence of many multinational and local vendors. Factors such as in-house manufacturing capabilities, global footprint, product offerings, investment in R&D, newer technology, and strong client base play an important role in changing the competitive landscape for the vendors.

Top vendors in this market are -

• Delta TechOps
• Lufthansa Technik
• Monarch Aircraft Engineering
• SIA Engineering Company
• SR Technics

Other prominent vendors in this market are Ameco, BCT Aviation Maintenance, British Airways (Engineering), FL Technics, Hong Kong Aircraft Engineering Co. Ltd (HAECO), National Aviation Services, National Aviation Ground Support, SAMCO Aircraft Maintenance, STS Aviation Group, TAP Maintenance & Engineering, Tarmac Aerosave, Textron Aviation, Turkish Technic, and United Technical Operations.

Segmentation by aircraft type and analysis of the aircraft line maintenance market

• Narrow-body
• Wide-body
• Regional/turboprop

During 2015, the narrow-body aircraft type dominated this market and is estimated to retain its dominant market position until the end of the forecast period. Factors such as the growing involvement of OEMs in the after-service market will aid in the growth of aircraft line maintenance market during the forecast period.

Geographical segmentation and analysis of the aircraft line maintenance market 

• Americas
• APAC
• EMEA

During 2015, EMEA dominated this market and is anticipated to generate the highest revenues by the end of 2020. The recent increase in passenger traffic in this region is a key factor that is estimated to spur the demand for line maintenance services in this region.

Key questions answered in the report include

• What will the aircraft line maintenance market size and the growth rate be in 2020?
• What are the key factors driving the global aircraft line maintenance market?
• What are the key aircraft line maintenance market trends impacting the growth?
• What are the challenges to market growth?
• Who are the key vendors in the global aircraft line maintenance market?
• What are the market opportunities and threats faced by the vendors in the global aircraft line maintenance market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global aircraft line maintenance market?