Aero Business Connect: MRO China Virtual B2B Event
ABOUT AERO BUSINESS CONNECT
The U.S. Commercial Service invites American companies to join this virtual B2B event to expand U.S. exports of MRO products and services to China.
China is expected to be the largest MRO market by 2030 with a projected market value of $23 billion by the end of this decade, registering a compound annual growth rate of 10.5% from 2020 to 2030.
The country’s demand on MRO related products and services are expected to rebound as China’s domestic aviation market recovers from COVID-19 in 2021.
BEST INDUSTRY PROSPECTS – Engine Maintenance and Component Maintenance and Repair:
All four segments of the MRO market in China are expected to grow (with pre-COVID CAGR’s projected above 7%). However, the component segment and especially the engine repair segment (driven by the entry of newer aircraft with more technologically sophisticated engines into China’s fleet) are expected to grow the most rapidly.
Qualified American firms will have the opportunity to meet with Chinese firms interested in finding American suppliers and partners.
American firms interested in Aero Business Connect will have a pre– assessment to ensure the products and services address this market’s best industry prospects.
Meetings for selected American firms will occur the second half of May at the mutual availability of the American and Chinese firms.
$700 participation fee for selected American firms
*Free registration. Payment due upon assessment and acceptance to program.