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New ARSA, TeamSAI Analysis Highlights Industry Economic Impact
ALEXANDRIA, VIRGINIA – The Aeronautical Repair Station Association (ARSA) and TeamSAI Consulting (TeamSAI) today released the 2014 Global MRO Market Economic Assessment. The study provides a 10-year forecast of the global air transport maintenance, repair, and overhaul (MRO) market and examines the aviation maintenance industry’s current economic and employment impact.
The report paints a picture of a vibrant $57.7 billion global commercial MRO industry that is expected to grow to $86.8 billion in the next decade. The study also finds that the commercial and business aviation MRO and parts manufacturing/distribution industries combined generate $44.4 billion in economic activity in the United States and employ 244,000 workers across the country. Other issues addressed in the report include the flow of trade between various regions and market conditions in specific maintenance sub-sectors (airframe, engine, component and line maintenance).
“For over 14 years now, TeamSAI has been proud of its role to quantify and clarify for MRO industry leaders the various opportunities and risks facing their businesses. This year is no exception, with significant analysis of repatriation opportunities for many airframe MROs as well as an in-depth analysis of cross-border MRO import/export flows,” said David A. Marcontell, TeamSAI president and COO.
“The report is a valuable new tool,” stated ARSA Executive Vice President Christian Klein. “It will help our members plan for the future, help the public better understand how repair stations fit into the economy, and help policymakers understand the economic implications of laws and regulations that affect repair stations.”
A state-by-state breakdown of the U.S. MRO industry is available here.
ARSA is an Alexandria, Virginia-based trade association that represents aviation maintenance and manufacturing companies. Founded in 1984, the association has a distinguished record of advocating for repair stations, providing regulatory compliance assistance to the industry, and representing repair stations on Capitol Hill and in the media. More information is available at www.arsa.org.
TeamSAI, Inc. is a leading aviation services firm known for its innovative yet pragmatic approach to the industry. Services include strategic and tactical consulting services, airline technical support services, and MRO data and benchmarking, specializing in operations and maintenance sectors. With its aviation centered vision of supporting the worldwide community of airline, airports, manufacturers, MROs, VIP completions and corporate/fractional operations, TeamSAI provides unique and customized solutions addressing the most challenging business issues.
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