Research and Markets adds insights on global aircraft MRO services industry to offering

Research and Markets has announced it has added the Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2020-30: COVID- 19 Impact and Recovery report to its offering, the company said.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global aircraft maintenance, repair and overhauling services market as it emerges from the COVID-19 shut down.

The global aircraft maintenance, repair and overhauling services market is expected to decline from USD 70.2 billion in 2019 to USD 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 USD 78.5 billion in 2023.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market´s historic and forecast market growth by geography. It places the market within the context of the wider aircraft maintenance, repair and overhauling services market, and compares it with other markets.

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