Engine PMA Growth to Slow, Firm Predicts

AeroStrategy has released the results of a global MRO survey that forecasts a slowdown in parts manufacturer approval (PMA) engine parts due to the world economic picture and “defensive measures by OEMs during recent years.” While the engine market will contract, the markets for airframe and component PMA parts is expected to grow, with total material spend increasing from $16.6 billion in 2008 to $21.4 billion in 2013 and the PMA market expanding from $380 million to $680 million in the same period, according to the survey. PMA penetration is expected to rise from 2.3 percent in 2008 to 3.6 percent in 2013, with components and airframe parts viewed as having the highest potential for expansion and engines seeing less growth due to “defensive measures” by engine OEMs.
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