By: TeamSAI
Posted: April 3, 2012
Chris Doan, Chairman & CEO of TeamSAI, Inc., presented TeamSAI's 2012-2022 Global MRO Forecast at Aviation Week's MRO Americas 2012 conference in Dallas, Texas. The presentation, titled "A Changing Landscape," examines how the MRO industry has been transformed by changes to the market and the fleet. The current $49.5B market is expected to grow to $68.4B by 2022. This forecast is greatly influenced by the expected growth of the fleet in the Eastern Hemisphere, with parity anticipated in ten years when the Americas, Europe, and Asia are all expected to have markets of roughly the same size. The market forecast is also slightly scaled back from previous forecasts in recognition of the more maintenance-efficient aircraft that are now expected to enter service over the period. As highlighted last year, the market remains subject to unforeseeable shocks, but currently the greatest influences are expected to be the shift in technology, the shift in geography, and the influence of original equipment manufacturers (OEMs). MRO today is a different business model, and Chris highlighted these challenges at the Annual Industry Analysis and Forecast Session.
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