After The Initial Setback Post September 11, 2001, The North American Aircraft Maintenance, Repair And Overhaul (MRO) Market Is Slowly Beginning To Gain Momentum.
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c46111) has announced the addition of "North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. Aircraft MRO MRO
In currencies, this is the abbreviation for the Mauritanian Ouguiya.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Market - Investment Analysis and Growth Opportunities" to their offering.
This Frost & Sullivan research service entitled North American Aircraft MRO Market - Investment Analysis and Growth Opportunities presents a broad financial outline of the current North American aircraft MRO market by highlighting the major market and financial trends in the key growth segments. In this research service, Frost & Sullivans expert analysts thoroughly examine the following markets: business & regional jets, commercial aircraft (sub-segments include line maintenance, heavy maintenance, engine maintenance and components) and helicopter segments.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
* Business & Regional Jets
* Commercial Aircraft
* Line Maintenance
* Heavy Maintenance
* Engine Maintenance
The following technology is covered in this research:
* Aircraft Maintenance, Repair and Overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. (MRO): This refers to services provided for aircraft, relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the regular upkeep and airworthiness air·wor·thy
adj. air·wor·thi·er, air·wor·thi·est
Being in fit condition to fly: an airworthy helicopter; airworthy avionics. using specially trained personnel and equipment.
North American Aircraft MRO Market Gaining Momentum
After the initial setback post September 11, 2001, the North American aircraft maintenance, repair and overhaul (MRO) market is slowly beginning to gain momentum, as a result of the rising demand from both airlines as well as airports. Although over capacity still exists along with high labor rates, one positive development is the recovery among airlines that is leading to inactive aircraft being brought out of store. Outsourcing of MRO work, which was an initiative of the low-fare carriers to benefit from economies of scale, is to the extent of around 55.0 percent at present and this is one among the many trends shaping the sustainability of the North American aircraft MRO market. To remain competitive in the market, participants will be required to better manage their fixed costs fixed costs,
n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). and also invest substantially in R&D, thus increasing costs on this front and inviting more capital investments.
Significantly, low-fare carriers are not only outsourcing almost 100 percent of their MRO work, but are also constantly looking at new innovative maintenance support concepts. To benefit from this trend, pure-play MRO companies could look at entering into cost-effective long-term contracts with such airline operators. The increasing demand for low-cost travel and the continuing success of low-cost carriers A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. are a further proof that the fundamentals are strong for a good, secular growth in the region & outsourcing, notes the analyst of this research service. While this is expected to create considerable opportunities in the North American aircraft MRO market, another recent trend being witnessed is the increase in the number of mergers and acquisitions, bringing in new implications to the North American aircraft MRO market.
Secular Trends secular trend
The relatively consistent movement of a variable over a long period. A stock in a secular uptrend is an indicator that the security has experienced an extended period of rising prices. Enable Out Performance in MRO Space Relative to the Broader Commercial Aerospace Sector
In a notable trend, the last few years have seen an out performance in the MRO space relative to the broader commercial aerospace sector. The commercial airline industry is highly cyclical cyclical
Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. , often displaying a peak to trough Trough
The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. of 60 to 80 percent changes. A detailed examination of the out performance trends has shown the emergence of very secular growth. With the low-cost carriers predominantly outsourcing their MRO work and other major airlines increasing outsourcing due to cost consideration, labour relations labour relations (US), labor relations npl → relations fpl dans l'entreprise
labour relations labour npl → Beziehungen pl , and other issues, this out performance is set to continue until mid 2010. Even in the business and regional jet segment, there has been a notable growth in out performance, and these trends are set to drive growth in this highly cyclical industry Cyclical Industry
A term describing an industry that is sensitive to the business cycle and price changes. Many cyclical industries produce durable goods such as raw materials and heavy equipment. .
With respect to the market segments, the commercial aircraft segment continued its dominance, accounting for a market share of 77.5 percent in 2005. While the business and regional jets and helicopter segments accounted for shares of 18.3 percent and 4.2 percent, respectively, the engine maintenance sub-segment had the highest market share with 34 percent followed by the line maintenance sub-segment with a 23 percent share. Presently, the labour rates for heavy maintenance work are estimated to be around $58, $47, and $36, respectively, for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia Pacific, says the analyst. Hence, to draw back the heavy maintenance work back to North America, domestic companies should strive to provide the same work in a lesser time than foreign MRO providers, thereby reducing the overall costs associated with the work.
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