Global Widebody Aircraft MRO Market 2015-2019 - Key Vendors are GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney & Rolls-Royce Holdings

DUBLIN, Jan. 4, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/r7xb87/global_widebody) has announced the addition of the "Global Widebody Aircraft MRO Market 2015-2019" report to their offering.

The global widebody aircraft MRO market to grow at a CAGR of 4.14% over the period 2014-2019.

The report includes the present scenario and the growth prospects of the global widebody aircraft MRO market for the period 2015-2019. The report provides a global overview, market segmentation by MRO application, and growth prospects by region (the Americas, APAC, and EMEA).

It also includes the market landscape and a corresponding detailed analysis of the prominent vendors. In addition, the report discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, and identifies the key trends in the market. The report includes a discussion of the key vendors operating in this market.

According to the report, OEMs are becoming increasingly proactive in the area of aftermarket services. In 2013, the major engine OEMs such as Pratt & Whitney and GE generated 50% of their revenue from MRO and the rest from manufacturing. Pratt & Whitney provides line maintenance for a wide range of its engines. The company has also entered the parts manufacturer approval (PMA) market, United Airlines being its first customer in that segment.

The major aircraft OEMs such as Boeing and Airbus generated 10% of their revenue from MRO services, and they have also been focusing on increasing their aftermarket revenue. For example, Airbus is developing the Air+ program, which leverages the MRO network and provides better maintenance solutions. Airbus has also shown interest in setting up MRO facilities in emerging countries like India.

Further, the report states that the imposition of high import duties and value-added taxes on aircraft spare parts in many countries hinders the free trade of these parts.

Key vendors

• GE Aviation
• Honeywell Aerospace
• Lufthansa Technik
• Pratt & Whitney (United Technologies)
• Rolls-Royce Holdings

Other prominent vendors

• Abu Dhabi Aircraft Technologies
• Air France Industries KLM Engineering and Maintenance
• MTU Aero Engines
• Singapore Technologies Aerospace

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by type

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15: Appendix

For more information visit http://www.researchandmarkets.com/research/r7xb87/global_widebody

Media Contact:Laura Wood , [phone], [e-mail]