Global Narrow-Body Aircraft Market To Grow 4% From 2015-19



According to a new report from Technavio, the global narrow-body aircraft MRO market is expected to grow at a CAGR of almost 4% from 2015-2019, as airlines focus on lean management techniques to improve performance.

Airlines across the world are focusing on reducing their operating costs. Technavio explains in the report that maintenance is as a major area where 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,” said Faisal Ghaus, vice president of Technavio. “Nearly 84% of the aircraft MRO activities are outsourced, which is expected to boost market growth.”

The report by Technavio also emphasizes the use of lean management techniques in operations, which can eliminate unnecessary tasks from processes, 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,” said Ghaus.

Access the full report from Technavio here.


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