|
|
 |
|
Viewing report
|
|
|
|
Indian Commercial Aviation MRO Market Assessment
Frost & Sullivan, Aug 2009, Pages: 78
The study aims to capture the market potential of commercial MRO in India. The MRO market has been estimated based on the current number of aircraft in the country and the number of aircraft expected to be added in the next 7 years. The maintenance cycle for different type of aircraft currently present and expected has been developed, revenue potential that can be addressed by a third party MRO and market break down by heavy maintenance, engine maintenance, line maintenance and modifications combined with components have been captured. The strategic recommendations for MRO to start and thrive in the country on an overall level has been mentioned in the study.
This Frost & Sullivan research service titled Indian Commercial Aviation MRO Market Assessment provides the revenue potential in the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: commercial maintenance, repair, and overhaul (MRO), airframe heavy maintenance, engine maintenance, line maintenance, and components and modifications.
Market Overview
Third-party Service Providers to Cash in on Indian Commercial Aviation’s MRO Needs
The commercial aviation MRO market in India is largely untapped, as there are hardly any third-party service providers with the ability to address the needs of the existing fleet. The prohibitive costs of getting the aircraft serviced outside the country, due to the absence of domestic service providers, are eating into airlines’ profits. In fact, airlines are charged by the hour for aircraft maintenance, creating an urgent need for aviation MRO services in India. The development of the commercial aviation MRO market in India will not only provide cost benefits to airlines but also greater employment in the country. Proactive infrastructure set ups, along with the availability of manpower, will add value to the market in the long term. “Labor costs in India are around $30 to $35 per man-hour, compared to $55 to $60 in Southeast Asia and Middle East and even higher in the United States and Europe,” say the analysts of this research. “Therefore, India has the potential to service not just Indian aircraft but also those from neighboring regions.”
Growth rates for the various services in the maintenance cycle are positive and MRO service requirements in the country are expected to grow at a compound annual growth rate (CAGR) of 13.5 percent between 2009 and 2015. Moreover, the current fleet of 391 in India can bring in substantial business for any MRO provider with the required capabilities and certificates. Airlines tend to opt for MRO service providers with cost-effective and high-quality services, optimal turn around time, and those that adhere to best practices so that the aircraft lasts long, with the best operating efficiency and safety standards. “The brand name and credibility of the MRO service provider is expected to be the most critical success factor in India,” observes the analyst.
Indian policies are mostly favorable to MRO operations and although service providers face some restraints in terms of taxes and duties, they are expected to become more transparent in the coming years. All segments of the MRO chain can be addressed in the country, but in different time frames, based on the need and ease of setting up the service. MRO service providers will be encouraged by the establishment of special economic zones (SEZs) and land allotment for setting up MRO operations. “MRO services, as such, are strictly defined by market needs; hence, it will be vital to understand existing fleet details and arrive at the market addressability to design the business model of the MRO,” notes the analyst. “Airlines will also be keen to know the MRO’s operating/service structure; therefore, the strategy for MROs will be to identify the key segments of the MRO value chain and address the needs of the current fleet and expected fleet additions.”
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Middle Eastern Airframe and Engine MRO Markets
Aircraft Maintenance, Repair And Overhaul (MRO) - Global Strategic Business Report
North American Commercial MRO Market
Growth Opportunities for Composites in Aerospace MRO Market 2011-2016: Trends, Forecast and Opportunity Analysis
N.E Asia (China/Japan/South Korea) Aircraft & Engine MRO Markets
Opportunities in Indian Aerospace and MRO Market: 2011-2016
Asian Commercial Aircraft/Engine MRO Markets
Strategic Analysis of Indian Aircraft Component Manufacturing and Services Industry
North American Aircraft MRO Market - Investment Analysis and Growth Opportunities
North American Commercial Aircraft MRO Market
|
|
|
|
