Asian MRO market to grow 50% by 2011 study

Font Size

Print

Feedback

Email

Discuss

Related Articles

India can't handle high fiscal deficit for long: F...Delhi, Mumbai to join world's richest cities listFX problems symptom not cause: IMF's Youssef

New Delhi, June 27 : India, China and West Asia are emerging as the ‘big drivers’ behind the growth in aircraft maintenance, repair and overhaul (MRO) business globally. A study by Frost and Sullivan projected that the MRO market in Asia is bound to grow almost 50% by 2011 from $8.7 billion to almost $13 billion.

The study, conducted by Subhranshu Sekhar Das, titled ‘Booming aviation’ unleashes opportunity for aircraft maintenance, repair and overhauling in Asia’, revealed that the global investment community was actively assessing the Asian aviation scene with particular interest in aircraft and engine MROs. Das is an industry manager & senior consultant with the Frost & Sullivan Aerospace & Defence Practice.

The global MRO market at present stands at $39 billion, of which Asia has a market share of 22%. In the Asian market, currently at $8.7 billion, India has a very small share of 8%, which is less than half of China’s market share of 19%.

The study attributed high air traffic growth, low-cost model optimisation, increased demand for cargo operations, excellent fleet demographics and airlines engaging in long-term partnerships with MRO companies to deliver total maintenance solutions as the key drivers of the MRO market in Asia-Pacific region.