India aviation MRO market is expected to
grow at a formidable CAGR during the forecast period. The India aviation MRO
market is driven by growing need to address wear and tear of aircraft components.
In addition to this, digitalization of aircraft MRO services is anticipated to positively
influence the growth of India aviation MRO market in the years to come. Also,
numerous accidents related to aviation are caused because of carelessness in
maintenance activities, therefore the authorities have tightened the norms for
timely maintenance and repair works, which in turn is expected to bolster the
market growth in the coming years.
The India aviation MRO market is
segmented based on industry, component, aircraft
type, end user, company and region. Considering the component, the market is
fragmented into engine, airframe, line, avionics, modifications, and others. Among
these, the engine segment dominated the global aviation MRO market in terms of
largest market share until 2019 and is further anticipated to maintain its
dominance during the forecast period as well. This is because of ongoing
technological advancements in engine manufacturing coupled with increase in
spending by airline companies on aircraft maintenance and spare parts.
Major players operating in the global aviation
MRO market include Sr Technics India Private Limited, Bombardier Transportation
India Pvt Ltd, GE Aviation, Air India Engineering Services Limited, Deccan
Charters Limited, Indamer Aviation Pvt. Ltd, Max MRO Pvt Ltd., GMR Aeron
Technic Ltd., Bird ExecuJet, Air Works India (Engineering) Pvt. Ltd. and
others. The companies are adopting competitive strategies include mergers &
acquisitions, partnership, agreements, and new developments in order to expand
their geographic reach and to increase their customer bases.
Years
considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and estimate the market size of India aviation MRO
market from 2015 to 2018.
- To estimate and forecast the market size of India aviation MRO
market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast India aviation MRO market based on industry,
component, aircraft type, end user, company and regional distribution.
- To identify dominant region or segment in the India aviation MRO
market.
- To identify drivers and challenges for India aviation MRO market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India aviation MRO market.
- To conduct pricing analysis for India aviation MRO market.
- To identify and analyze the profile of leading players operating in
India aviation MRO market.
- To identify key sustainable strategies adopted by market players in
India aviation MRO market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service
providers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the service
providers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service providers, vendors and presence
of all major players across the country.
TechSci
Research calculated the market size of India aviation MRO market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Aviation MRO service providers, vendors and
other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
aviation MRO
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers, vendors, partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India aviation MRO
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- India Aviation MRO Market, By Industry:
- Passenger
Aviation
- Military
Aviation
- Cargo
Aviation
- India Aviation MRO Market, By Component:
- Engine
- Airframe
- Line
- Avionics
- Modifications
- Others
- India Aviation MRO Market, By Aircraft Type:
- Narrow Body
- Wide Body
- Regional Jet
- Others
- India Aviation MRO Market, By End User:
- OEM
- Aircraft Operator
- Others
- India Aviation MRO Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India aviation MRO market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India aviation MRO market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]