IGR Aircraft Maintenance, Repair and Overhaul Market | Page 2

The report on Aircraft Maintenance, Repair and Overhaul Market by segments (engine, line, base and component),by
services (line maintenance services, engineering services, by technical training, inventory management, freight
conversions),by aircraft type (narrow, wide, very large and regional aircraft) trends analysis and forecasts up to 2024
studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-
Pacific, Rest of the World. According to the report the Global Aircraft Maintenance, Repair and Overhaul Market is
projected to grow at a CAGR of 3.8% in terms of value over the period of 2018-2024. The growth in the world market is
primarily driven by significant contribution by North America (Leading region) region to this market.
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Market insights
Growing commercial Aircraft navy has primarily driven the aircraft maintenance repair and overhaul market. Moreover,
the aircraft retirements have also been decreased due to increasing age of aircrafts. The main reason behind doing this is
due to the current aircrafts being continuously upgraded to include latest technologies through MRO services before
being retired for scrap and fighter planes. This is another factor driving the growth of aircraft maintenance repair and
overhaul market. Time constraints, high maintenance cost, limited number of service stations and skilled expertise are
some of the restraining factors that affect the growth of market. Government bodies are continuously formulating strict
rules and regulations affecting emission levels of aircraft below the set standards which in turn is the key opportunity for
the players in the aircraft maintenance repair and overhaul market.
Segment Covered
The report on global aircraft maintenance, repair and overhaul market covers segments such as, by segments, by services
and by aircraft type. On the basis of by segments the global aircraft maintenance, repair and overhaul market is
categorized into engine, line, base and component. On the basis of by services the global aircraft maintenance, repair and
overhaul market is categorized into line maintenance services, engineering services, technical training, inventory
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