Revenue is forecast to contract at a compound annual rate of 3.8% over the five years through 2023-24, to £5.3 billion. Unprecedented lockdown restrictions imposed by the government to combat the COVID-19 pandemic decimated the aviation industry, significantly reducing demand for aircraft maintenance, repair and overhaul (MRO) services. As such, revenue plummeted over the two years through 2020-21, contributing to the overall nosedive of revenue for the period.Flying high: Demand from the civil and military markets has underpinned industry revenue
Companies in this industry repair, maintain and overhaul aircraft, aircraft engines and other components.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Rolls-Royce plc
Methodology
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