Power By The Hour (PBH) Market Outlook, Dynamics and Strategic Insights by 2031

MARKET OVERVIEW

Power by the Hour (PBH) is a support program administered by aircraft producers and aircraft engine & component providers to aircraft operators. The program serves as a security policy for the commercial shuttles, corporate jet operators, and air charter for unscheduled maintenance of aircraft. The PBH is an alliance between component suppliers and aircraft operators. Under this program, the MRO service provider or the component provider agrees to render a specific number of component/ scheduled maintenance throughout the agreement period. With the growing aviation sector, the maintenance sector is going to bolster thus the power by hour market is also expected to bloom in coming years.

MARKET SCOPE

The "Global Power By The Hour (PBH) Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Power By The Hour (PBH) market with detailed market segmentation by component, platform, application and geography. The report provides key statistics on the market status of the leading Power By The Hour (PBH) market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of component, the market is segmented as engine, landing gear & brakes, spare parts & components, and airframes.
  
•   On the basis of platform, the market is segmented as commercial aviation, business jet, commercial helicopters.
  
•   Based on application, the market is segmented as Line Maintenance and Heavy Maintenance.
  

MARKET DYNAMICS

Drivers:

•   Growing lost-cost airline industry
  
•   Rising acceptance of fuel efficient engines
  

Restraints:

•   Insufficient skilled MRO maintenance force and huge manufacturing expenses of parts and components.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Power By The Hour (PBH) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Power By The Hour (PBH) market in these regions

IMPACT OF COVID-19ON POWER BY THE HOUR (PBH) MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the aerospace industry through till 2021. There has been a reduction in the production volume of commercial aircrafts, due to which the demand for Power By The Hour (PBH) market has been severely affected. Moreover, there has been a halt in overall commercial flights across the world which has led to a decrease in the demand for aircraft parts such as Power By The Hour (PBH) components.

MARKET PLAYERS

The report covers key developments in the Power By The Hour (PBH) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Power By The Hour (PBH) market are anticipated to lucrative growth opportunities in the future with the rising demand for Power By The Hour (PBH) in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Power By The Hour (PBH) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AAR
  
•   A J Walter Aviation Limited
  
•   EFTEC (UK) LIMITED
  
•   Jet Support Services, Inc. (JSSI)
  
•   Lufthansa Technik
  
•   Rolls-Royce plc
  
•   SIA Engineering Company
  
•   ST Engineering
  
•   Textron Inc.
  
•   Turkish Technic Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Power By The Hour (PBH) Report Scope