Sat, 22 Jan 2022

The new report by Expert Market Research titled, 'Global Power by the Hour (PBH) Market Report and Forecast 2021-2026', gives an in-depth analysis of the global power by the hour (PBH) market, assessing the market based on its segments like components, providers, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/power-by-the-hour-pbh-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 73.1 billion (Global Aircraft MRO Market)
  • Forecast CAGR (2021-2026): 4% (Global Aircraft MRO Market)
  • Forecast Market Size (2026): USD 92.5 billion (Global Aircraft MRO Market)

The power by the hour (PBH) industry is driven by the flourishing airlines sector and the rising demands to reduce the operational cost of aircrafts. Power by the hour (PBH) provides cost-effective and efficient maintenance, repair and operational services which are catalysing the industry growth. It can establish the operation cost of the engine and reduce the capital assets; such factors are also propelling the market growth for power by the hour (PBH). Additionally, the rising demand for narrow-body aircrafts and fuel-efficient engines is further accelerating the market growth. The robust growth of economically feasible budget airlines is aiding the power by the hour (PBH) industry.

Industry Definition and Major Segments

Power by the hour (PBH) is a program that can provide budget predictability and better value and liquidity for the maintenance of the airlines. The term was first used by Rolls-Royce in 1962. It is used to provide the operator with a fixed engine maintenance cost over an extended period of time to mitigate engine failure.

On the basis of components, power by the hour industry (PBH) is segmented into:

  • Engine
  • Landing Gear and Breaks
  • Spare Parts and Component
  • Airframes
  • Others

The major providers in the market are:

  • OEM
  • MRO

Based on the applications, the market is segmented into:

  • Commercial Aviation
  • Business Jet
  • Commercial Helicopter
  • Others

The major regions of power by the hour (PBH) industry are:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/power-by-the-hour-pbh-market

Market Trends

The market for power by the hour (PBH) is driven by the increasing research and developments (R&D) in the airlines industry to enable faster maintenance and efficient operation. Technological advancements such as data analytics and the Internet of things (IoT), and condition-based analytics are increasing the demand for more efficient MRO, further fuelling the market growth. Additionally, the development of new economy which uses technology to increase productivity is also expected to aid the market growth. As power by the hour (PBH) posits various advantages such as fixed price, cost-sharing, and performance-based compensation, they can be used in sectors other than airlines which are expected to lubricate the market growth in the forecast period.

Key Market Players

The major players in the market are Air France-KLM Group, AAR CORP, Rolls-Royce plc, and Avtrade, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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