Press release
Indonesia Maintenance, Repair, and Operations (MRO) Hangar Market Size to Grow at a CAGR of 5.5% in the Forecast Period of 2024-2032
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter's Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2032)
• Forecast CAGR (2024-2032): 5.5%
A major factor driving the Indonesia maintenance, repair, and operations (MRO) hangar market is the robust growth of the aviation sector. The increasing number of fleets is expected to fuel the demand for the maintenance and repair of aircraft to ensure its optimal function. Furthermore, the expansion of the MRO facilities to meet the growing requirements of the aircraft also boosts the market share.
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The increased usage of MRO hangars by commercial airlines is another factor that drives the market growth. Several commercial companies are focused on setting up MRO hangars in major cities for easy access by the airlines.
Moreover, these hangars can be utilised for minor repairs, regular servicing, and as a docking platform to perform maintenance on large-body aircraft. Furthermore, the demand for regular maintenance and repair by airlines to comply with the aviation standards also influences the market.
The low labour cost in Indonesia is also expected to boost the Indonesia maintenance, repair, and operations (MRO) hangar market. It can draw the attention of airlines and aviation from other countries to prefer Indonesia's services for intensive repair tasks. Additionally, it provides opportunities for partnerships and collaborations of domestic services with international MRO companies.
Indonesia Maintenance, Repair, and Operations (MRO) Hangar Industry Definition and Major Segments
Maintenance, repair, and operations (MRO) hangar refers to a facility or a large space which is used for the maintenance and repair of an aircraft. These hangars are specifically designed for the maintenance team and technicians to conduct important repair and maintenance tasks to ensure the safety and proper functioning of the aircraft.
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On the basis of end use, the market is classified into:
• Commercial
• Private
• Defence
Based on application, the market is categorised into:
• OEM
• Replacement
On the basis of region, the market is divided into:
• East Indonesia
• Rest of Indonesia
Indonesia Maintenance, Repair, and Operations (MRO) Hangar Market Trends
A key trend propelling the growth of the Indonesia maintenance, repair, and operations (MRO) hangar market is the growing integration of the Internet of things (IoT) and sensors in MRO facilities. These sensors can be installed on equipment and engines to monitor their performance and detect any abnormalities. Furthermore, they also collect real-time data so the maintenance and repair team can solve the issues.
The shift towards sustainability has also increased the demand for the maintenance and repair of the aircraft as an alternative to replacing components, further contributing to the market. Moreover, the usage of green materials such as recyclable parts and eco-friendly lubricants due to growing environmental issues in the country is also a crucial market trend.
Advancements by market players such as the development of innovative and cost-efficient materials favour the market growth. Increasing investments in research institutes for the development of high-quality aircraft materials and tools also positively impact the market.
Based on region, the rest of Indonesia accounts for a sizeable share of the Indonesia maintenance, repair, and operations (MRO) hangar market owing to the increased tourism in this part of the country. Many domestic and international travellers are flocking to Bali, Java, and Sumatra, which catalyses the aircraft sector and increases the demand for maintenance and repair facilities for aircraft.
Key Market Players
The major players in the Indonesia maintenance, repair, and operations (MRO) hangar market report are:
GMF Aeroasia
SIA Engineering Company
FL Technics
Lion Air Group
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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