The Aircraft MRO market is set to grow significantly, reaching USD 105.02 Billion by 2025, driven by fleet expansion and maintenance demand.
Aircraft MRO Market, in terms of revenue, was estimated to be USD 82.42 Billion in 2018 and is expected to reach USD 105.02 Billion in 2025, growing at a CAGR of 3.96% from 2018 to 2025.
The global aircraft MRO is expected to grow at a significant rate due to the number of driving factors.
Aircraft MRO Market Overview:
The study provides a crucial view of global aircraft MRO market by segmenting the market based on MRO type, aircraft, application and region. On the basis of MRO type, the market is segmented into Engine, Component, Line Maintenance, Airframe, and Modifications. On the basis of aircraft, the market is segmented into narrow-body, wide-body and others. Based upon application, the market is segmented into commercial air transport, business and general aviation and military aviation. On the basis of country level, global aircraft MRO market sub-divided into U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Brazil, Mexico, GCC, Africa, etc.
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Scope of the Report:
Aircraft MRO Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Aircraft MRO Marketplace for the forecast 2019- 2025.
Continuous operational efficiency gains, the rise of low-cost airlines and the growing convenience of flight booking have all contributed to the increasing number of air travel. Airlines can only get the full benefits of their respective network and fleet strategies if they have a robust and flexible maintenance regime in place. It is estimated that there were around 24,000 commercial aircraft flying in 2017. This fleet size is expected to grow to 35,000 by 2027.
Aircraft MRO Companies:
AAR CORP, Delta TechOps (Delta Air Lines, Inc.), General Electric Company, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa Technik AG, L3Harris Technologies, Inc., United Technologies Corporation, SIA Engineering Company Ltd., TAP Maintenance & Engineering, Singapore Technologies Engineering Ltd., MTU Aero Engines AG, Rolls-Royce Holding plc
Since older aircrafts will need to be replaced and there is a demand for larger fleets, OEMs will need to step up production but older fleets won’t be replaced at once and thus, there will be a mix of old and new planes flying around. This mix of aircraft creates more demand for the MRO. As a result, the MRO market is expected to witness a faster growth in the coming years.
Key Market Segments:
Service Type:Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components
Organization Type:Airline/Operator MRO, Independent MRO, Original Equipment Manufacturer (OEM) MRO
Aircraft Type:Narrow-Body, Wide-Body, Regional Jet, Others
Aircraft Generation:Old Generation, Mid Generation, New Generation
Key Benefits for Aircraft MRO Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer Aircraft MRO market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Aircraft MRO market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Aircraft MRO market. This is done with an aim of helping companies in
Key Benefits for Industry Participants & Stakeholders
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Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.
PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the Aircraft MRO market.
Pricing analysis is provided in the report, which is examined in accordance with different regions and product type segments. The values for all product type segments in all the regions including North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are provided.
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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The article focuses on the growth and forecast of the Aircraft MRO market up to 2027.
Growth is driven by low-cost airlines, fleet expansion, and the need for maintenance of both new and older aircraft.
Key players include AAR CORP, Delta TechOps, and Lufthansa Technik AG.
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