Le Lézard
Classified in: Transportation
Subjects: Photo/Multimedia, Economic News/Analysis

SpendEdge Forecasts a Spend Growth of over USD 130 Billion for the Maintenance Repair and Operations Services Market

SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Maintenance Repair and Operations Services Market - Procurement Intelligence Report.

The increase in the frequency of air travel is necessitating a subsequent increase in the manufacturing of aircraft, engine, and component manufacturers' premises in the commercial aviation sector. This will act as one of the primary growth drivers in the maintenance repair and operations services market and will propel the spend momentum at a CAGR of more than 3% between 2018-2023. Such a demand surge is motivating suppliers to integrate their services which include material outsourcing services and customized solutions. These integrated services are attracting a substantial customer base which is contributing to the spend growth in the maintenance repair and operations services market.

APAC holds the largest share in the global maintenance repair and operations services market. Factors such as the growth of the manufacturing industry and the availability of value-added services, including VMI, deadstock management, demand forecasting, and performance analytics are driving the spend growth in the maintenance repair and operations services market. However, in the US, the slowdown in the manufacturing industry coupled with skyrocketing input costs, lack of skilled labor, and increasing compliance costs are impacting the spend growth in the market. On the other hand, the growing demand from the aviation industry will continue promoting the spend growth in the maintenance repair and operations services in the US.

Subscribe to our procurement platform to get regular and real-time updates on thousands of markets without any additional costs or commitment.

Things to Know Before Venturing into the Maintenance Repair and Operations Services Market:

Uncontrolled procurement spend and the lack of visibility of the same is hitting the buyer's business where it hurts the most. Get a free demo of our free web-based platform to get instant and real-time insights on the price trends and procurement strategies that will change your procurement outlook.

Other key topics covered in this report are:

Now buy one report and get a 50% discount on the second or, download the free sample of this maintenance repair and operations services industry procurement intelligence report.

Free sample of reports you may also like:

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal.

These press releases may also interest you

3 jui 2020
It can be very confusing to understand truck insurance requirements. New and existing truck drivers ? and owners ? don't have the time to dig into technical insurance terms. Saberlines Insurance prepared this Quick Reference, which includes detailed...

3 jui 2020
To coincide with the 20th anniversary of the blockbuster movie, Gone in 60 Seconds, Eaglemoss Die-Cast Club is delighted to announce the upcoming launch of a subscription program to build a high-quality die-cast metal 1:8 scale model of the "star...

3 jui 2020
A healthy waterway is essential for the well-being of fish who live there. Fish health is threatened when high concentrations of metals that don't break down remain in the environment, threatening the marine food web. Today, the Government of Canada...

3 jui 2020
Amid COVID-19 concerns, The San Francisco Fleet Week Association announced today that the Air Show Presented by United, which was scheduled for October  9 - 11, 2020, has been officially postponed to October 8 ? 10, 2021 with the U.S. Navy Blue...

3 jui 2020
The "Jet Fuel Additives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Amid the COVID-19 crisis and the looming economic recession, the Jet Fuel Additives market worldwide will grow by a projected...

3 jui 2020
Compare-autoinsurance.org has launched a new blog post that presents several disadvantages of cheap car insurance policies. For more info and free car insurance quotes online, visit...

News published on 19 november 2019 at 14:35 and distributed by: