Wednesday, November 25, 2020

Aircraft Maintenance, Repair and Overhauling Services Market Forecast to 2030 | Covid 19 Impact and Recovery

The Business Research Company’s latest report Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2020 covers Aircraft Maintenance, Repair and Overhauling Services market drivers, Aircraft Maintenance, Repair and Overhauling Services market trends, Aircraft Maintenance, Repair and Overhauling Services market segments, Aircraft Maintenance, Repair and Overhauling Services market growth rate, Aircraft Maintenance, Repair and Overhauling Services market major players, and Aircraft Maintenance, Repair and Overhauling Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Aircraft Maintenance, Repair and Overhauling Services industry, along with revised market numbers due to the effects of the coronavirus.



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Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

 

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The global aircraft maintenance, repair and overhauling services market is expected to decline from $70.2 billion in 2019 to $68 billion in 2020 at a compound annual growth rate (CAGR) of -3.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $78.5 billion in 2023.

The report covers the Aircraft Maintenance, Repair and Overhauling Services market’s segments-

1) By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders And Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services.
2) By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others.
3) By Size: Wide-Body, Narrow-Body, Regional, Others.
4) By Service Type: Annual Maintenance Contracts, Individual Works, Others.

 

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