Airbus: Global services market set to double over the next 20 years

The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 aircraft as traffic is set to grow at 4.4 percent per year, according to Airbus’ latest Global Market Forecast 2017-2036. This forecast predicts that over the next 20 years the total industry aftermarket services spend will reach around US$3.2 trillion. The services market is mainly driven by MRO, which for aircraft above 100 seats will represent 1.85 trillion over the next 20 years. Training, cabin and systems upgrades are also major contributors to the overall services market. MRO