$1+ Billion North American Aircraft Maintenance Tooling Industry to 2027 - Upswing in the Aircraft MRO Services in Emerging Economics Presents Opportunities prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
ResearchAndMarkets.com s offering.
According to this report the global aircraft maintenance market was valued at US$ 3,177.70 million in 2019 and is projected to reach US$ 4,340.71 million by 2027; it is expected to grow at a CAGR of 4.1% from 2020 to 2027. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
The growth of the aircraft maintenance tooling market is mainly attributed to increasing investments in the aviation industry in developed and developing nations. Aircraft maintenance tooling is done to maintain the optimum condition of an aircraft to extend their life span; otherwise, airlines would have to procure new aircraft. Thus, it has major adoption in commercial aircraft fleet. With the immense growth in the aircraft technology, each country is witnessing the increased demand for aircraft maintenance tooling solutions.