Aircraft Maintenance , Repair and Overhaul : Global Industry Analysis , Trends , Market Size and Forecasts up to 2024
The market size of aircraft maintenance , repair and overhaulmarketis determined based on the top down approach . The market size is validated using primary interview with the participants working in some of the leading players in the aircraft maintenance , repair and overhaulmarket . The primary interview participants typically includes managers and CXO level executives of the leading players in this market . The primary interviews not only help identify the market size of the aircraft maintenance , repair and overhaul market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market . The views of primary respondents were reconciled to provide qualitative analysis of the aircraft maintenance , repair and overhaulmarket . The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market . The bottom-up approach is used to validate the global market size of telemedicine . With the help of primary interviews and secondary research the market size of aircraft maintenance , repair and overhaul is determined for each country studied , which then is added to arrive at the regional market size and thereby obtaining global market size . This in turn helps us to validate the market size of aircraft maintenance , repair and overhaulin the world market .
ExecutiveSummary Global Aircraft Maintenance , Repair and Overhaul Market Highlights , ( USD Million )
The global aircraft maintenance , repair and overhaul market is expected to grow at a CAGR of 3.8 % between 2018 and 2024 in terms of value . 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
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