Aircraft Parts Manufacturing Market Foresee Rapid Growth By 2021 As Per TBRC?s L

Posted by praneeth on October 3rd, 2018

Aircraft parts manufacturing, repair & maintenance industry includes establishments involved in the developing prototypes and manufacturing aircraft engine and engine parts, other aircraft parts, auxiliary equipment, modifications or conversions and complete overhauling and rebuilding of aircraft.

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The global aircraft parts manufacturing, repair & maintenance industry has shown moderate growth in the past years with a CAGR of over 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the aircraft parts manufacturing, repair & maintenance industry to grow at double the CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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The global aircraft parts manufacturing, repair & maintenance market grew at a compound annual growth rate (CAGR) of 6.5%. This can be attributed to the expected increase in economic activity and increasing demand for air travel, particularly in developing countries. Technological advancements such as machine learning and analytics and smart automation are also expected to drive the market in the forecast period.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are United Technologies Corporation, General Electric Company, The Boeing Company, Safran S.A. and Airbus Group.

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