Boeing & Airbus push boundaries, enter after-sales service market
Category: #world  By Saipriya Iyer  Date: 2018-05-14
  • sharesocial_share_icon
  • Twitter
  • Facebook
  • LinkedIn

Boeing & Airbus push boundaries, enter after-sales service market

Riding high on the success of transcontinental airliners, renowned aircraft manufacturers Boeing and Airbus apparently now, are aiming to penetrate after-sales service market. Reportedly, these aircraft giants are set to aggressively expand their business in this sector, having planned to conduct operations for the repair, maintenance and overhaul of aircrafts, in addition to the training and part supply.

While the rising frequency of air travel across the globe has made these giants ramp up their production by many folds, the lucrative multi-billion-dollar aircraft services space is now reported to be their latest investment spot.

For the record, the American and the European aircraft conglomerates have already conducted business operations in the after-sales sector earlier. However, this time they are reviving their emphasis on post delivery service on a more large-scale basis in a quest to win a better slice of the market share and directly confront other players like U.S.’s AAR and the Germany based Lufthansa.

If analysts are to be relied on, the after-sales service market is claimed to hold more potential in terms of commercialization than the actual aircraft sale market as the former encompasses a diversified spectrum.  In fact, as per Boeing’s speculation, the valuation of 41000 aircrafts that is reported to be delivered over the coming two decades worldwide will cost nearly USD 6 trillion, while the post service demand to support this may be worth USD 8.5 trillion.

Airbus on the other hand, whose market share from services was almost USD 3.2 billion in 2017, has a plan to expand its facility by nearly 8000 square meters in 2019. Allegedly, both Boeing and Airbus has major pilot training centers in Singapore. Experts believe that the already existing expertise and intimate knowledge of both the giants in this field, in all likeliness, would play as an advantage in their mission of delivering after sales support over others.



About Author

Saipriya Iyer

Email: [email protected]   linkdin twitter

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

More News By Saipriya Iyer

 Tabletop Tape Dispensers  market valuation to surge at healthy CAGR through 2026

Tabletop Tape Dispensers market valuation to surge at healthy CAGR through 2026

By Saipriya Iyer

A comprehensive research study on Tabletop Tape Dispensers market added by Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Tabletop Tape D...

APAC, Europe, America region to generate massive revenues for General Well-Being Dietary Supplements market by 2026

APAC, Europe, America region to generate massive revenues for General Well-Being Dietary Supplements market by 2026

By Saipriya Iyer

MarketStudyReport.com presents latest report on global General Well-Being Dietary Supplements Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The re...

Eugenia Jambolana Extract Market to Increase Exponentially During 2027

Eugenia Jambolana Extract Market to Increase Exponentially During 2027

By Saipriya Iyer

The report Eugenia Jambolana Extract market provides high-quality information regarding the major market trends, product types and their application scope, competitive landscape, and impact of COVID-19 outbreak.

.

Request a...