Major Companies in Aircraft Line Maintenance Market are ANA Line Maintenance Technics Co., Ltd., Ameco, BCT Aviation Maintenance Ltd, Monarch Aircraft Engineering Ltd, STS Aviation Group, Inc., United Airlines, Inc., Nayak Group, Delta TechOps, etc.
The number of people traveling through the air across the globe has increased over the past few years. Owing to the rise in economic activity, demand for travel & tourism, urbanization, and ease of travel, has led in the growth of global air passenger traffic. Thus, the rise in global air passenger traffic has led to an increase in global fleet size. This has propelled the demand for the line maintenance in the upcoming years. The global aircraft line maintenance market size is expected to reach USD 23.67 billion by 2027, exhibiting a CAGR of 5.06% during the forecast period.
According to International Air Transport Association (IATA), in China will replace the U.S. as the largest passenger traffic worldwide by end of 2024. China is expected to have additional 817 million passengers leads to total of 1.3 billion air passengers. This will facilitate the aircraft line maintenance market growth during the forecast period.
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The growing investment in robust airports and services will influence healthy growth in Europe. The market in Asia Pacific is predicted to hold the lion’s share during the forecast period owing to the surge in aircraft deliveries. The booming aviation industry in India will have a positive impact on the market in the foreseeable future. The improvement in airport infrastructure and services will accelerate the aircraft line maintenance market growth in Asia Pacific. Nonetheless, the coronavirus crisis is likely to hamper the growth of the global market.
September 2019: FL Technics, a global provider of aircraft MRO services announced that it has stretched its EASA Part-145 approval to provide line maintenance services to Airbus A320neo family aircraft. The company also revealed that plans to offer services related to the A320neo family aircraft in the company’s line stations at Dubai, Vienna, Tbilisi, Riga and Kiev airports
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The report Lists the Main Companies in the Market:
- ANA Line Maintenance Technics Co., Ltd. (Japan)
- Ameco (China)
- BCT Aviation Maintenance Ltd (The U.K.)
- Monarch Aircraft Engineering Ltd (Germany)
- STS Aviation Group, Inc. (The U.S.)
- United Airlines, Inc. (The U.S)
- Nayak Group (Germany)
- Delta TechOps (The U.S.)
- Hong Kong Aircraft Engineering Company Limited (China)
- British Airways
- Lufthansa Technik
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