Technavio Publishes Increased Focus on Lean Operations Will Drive the Global Narrow-Body Aircraft MRO Market Through 2019
August 28, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global narrow-body aircraft MRO market,which is expected to grow at a CAGR of almost 4% from 2015-2019.
About the Report
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.
“Many airlines across the world are shifting their MRO facilities to developing countries like China and El Salvador due to the availability of cheap labor. Nearly 84% of the aircraft MRO activities are outsourced, which is expected to boost market growth,” says Faisal Ghaus, Vice President of Technavio.
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.
“Increased focus on lean operations will lead to significant savings in hangar or workspace reduction, labor productivity, increased capacity, defect reduction, and on-time delivery improvements,” adds Ghaus.
Market Scope and Calculation of Market Size
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.
Key Information Covered in the Report:
- Key Vendors:
- GE Aviation
- Honeywell Aerospace
- Lufthansa Technik
- Pratt & Whitney
- Rolls-Royce Holdings
- Market Growth Drivers:
- Growing demand for aircraft fleet
- For a full detailed list, view our report.
- Market Challenges:
- Technological advancements in aircraft sector
- For a full detailed list, view our report.
- Market Trends:
- Focus on lean operations
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the aircraft MRO market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150828005108/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
media@technavio.com
www.technavio.com
