Technavio has published a new report on the global narrow-body aircraft MRO market, which is expected to grow at a CAGR of almost four percent from 2015-2019.
According to the new report by Technavio, airlines across the world are focusing on reducing their operating costs. Maintenance is a major area where the airlines can cut costs, enabling them to avoid investment in equipment, facilities, and inventories of components and parts.
The latest report by Technavio also emphasizes the use of lean management techniques in operations, which can eliminate unnecessary tasks from processes and increase supply chain effectiveness, and lead to sustainable performance improvements.
The new Technavio report covers the present scenario and growth prospects of the global narrow-body aircraft MRO market from 2015-2019. To calculate the market size, the report considers the revenue generated in the overall market.