Industry Addendum
Asia’s MRO business to double by 2027
June 1st 2017
Key findings in the Oliver Wyman 2017-2027 Fleet and MRO study forecasts the Asia-Pacific will record annual MRO growth of 4.4% for the next ten years, with MRO business to equal Europe and North America by the end of the next decade. Read More »
This growth will compel MROs to build new facilities and train the workforce necessary to keep up with rapidly rising MRO demand in the Asia-Pacific, Oliver Wyman said.
“Much of China’s growth will come from new deliveries, which will reduce the average aircraft age significantly. But fleets will age as aircraft stay in service to meet increased passenger and cargo demand, leading to a greater emphasis and importance for aircraft MRO,” the report said.
“Rising labour costs, coupled with temporary infrastructure and capacity restraints in the region are likely to force Chinese airlines to look to countries south and east to fulfill maintenance needs,” the consultancy concluded.
