The global aircraft wheels MRO market is expected to grow from US$ 1,704. 25 million in 2021 to US$ 2,769. 54 million by 2028; it is estimated to grow at a CAGR of 7. 2% from 2021 to 2028. The need for aircraft wheels maintenance, repairing, and overhauling (MRO) services has increased significantly in the past few years, owing to the rise in demand for passenger airline services.
New York, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Aircraft Wheels MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wheel Type, Aircraft Type, and Technology" - https://www.reportlinker.com/p06176767/?utm_source=GNW
As per a report by the International Air Transport Association (IATA), the total number of airline passengers in 2020 was 1.8 billion, while the number reached 2.4 billion at the end of April 2021. The growing demand for passenger airline services results in extended flying hours of aircraft and frequent landing and takeoffs. The extended operational hours of aircraft lead to a greater risk of wear and tear on aircraft wheels, subsequently underlining the need for a more frequent wheel retrofitting. In addition, major airline companies worldwide are expanding their aircraft fleets to meet the escalating demand for airline services. In October 2019, Indigo Airlines decided to extend its aircraft fleet size and ordered 300 Airbus 320 neo aircraft. The increasing aircraft fleet size is further fueling the businesses of aircraft wheels MRO companies.
Key companies in the aircraft wheels MRO market include AAR CORP; AEROREPAIR CORP.; AEROSPACE MRO CO., LTD..; AIR ATLANTA AVIASERVICES; AMETEK. INC.; LUFTHANSA TECHNIK; RöDER PRäZISION GMBH; TECHNIC AVIATION; TP AEROSPACE; and WORLD AERO. The report also comprises secondary research work on other companies that hold a significant market share.
Overall size of the aircraft wheels MRO market has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the Aircraft Wheels MRO market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the aircraft wheels MRO market.
Read the full report: https://www.reportlinker.com/p06176767/?utm_source=GNW
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