Market Overview:
The global aircraft MRO market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for aircraft MRO services from commercial and military applications. The global aircraft MRO market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into engine maintenance, components maintenance, airframe heavy maintenance, line maintenance modification, and aircraft MR. The engine maintenance segment is expected to account for the largest share of the global aircraft MRO market in 2018. This can be attributed to increasing demand for engine overhauls and repairs from commercial airlines across the globe.
Product Definition:
Aircraft MRO is the process of repairing, inspecting or overhauling an aircraft. The importance of Aircraft MRO is that it keeps aircraft in safe and working condition, which is important for both passengers and crew.
Engine Maintenance:
An engine is a vital part of an aircraft that provides power to the flight controls and enables take-off and landing. The maintenance of engines ensures their efficient operation for a longer duration, thus ensuring the safety of passengers.
Aircraft engines are subjected to continuous operating conditions such as high temperature, pressure, vibrations & harsh noise in all types of weather conditions. These factors lead to wear & tear which affects the performance & durability of an engine over time.
Components Maintenance:
Components maintenance is the activity performed to keep aircraft components in good working order. It includes inspection, repair, replacement and testing of various mechanical and electrical components installed in an aircraft. Components Maintenance helps to increase the life cycle of an Aircraft MRO by keeping them airworthy for a longer period. It also helps to reduce downtime which ultimately reduces operational costs thus making it a crucial factor for any airline company’s growth strategy.
Application Insights:
The commercial aircraft segment dominated the global aircraft MRO market in 2017, accounting for a share of over 60.0% in terms of revenue. The growth can be attributed to an increase in passenger traffic and air cargo across the globe on account of growing business activities coupled with rapid industrialization and urbanization. Moreover, governments around the world have taken initiatives to encourage foreign direct investments (FDIs)in aerospace sector which is expected to drive demand for maintenance, repair and overhaul services for new as well as existing fleet of commercial aircrafts thereby propelling growth over the forecast period.
Military Aircraft includes fighters, bombers, rotary fixed-winged aircraft & military transport helicopters among others; these are used by armed forces or defense agencies throughout various operations such as patrolling & surveillance missions along with training & mission-related flying hours required for its operation&maintenance Overhaul/Over certification programs carried out through Military Aviation Services (MASS).
Regional Analysis:
North America dominated the global aircraft MRO market in 2016 and is expected to continue its dominance over the forecast period. The presence of major aircraft maintenance, repair & overall (MRO) providers such as United Airlines; Boeing; and Lockheed Martin Corporation are contributing towards regional growth. Furthermore, increasing demand for new-generation aircraft coupled with stringent regulations regarding air safety is likely to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to rising investments by leading MRO companies in this region along with growing demand for maintenance services from commercial operators flying on international routes within Asia Pacific region. In addition, rise in disposable income resulting into increased passenger traffic on domestic routes will further boost regional expansion over the next eight years.
Europe accounted for a considerable share of revenue generated by European Maintenance Repair Organization (EMROs).
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in the need for more aircraft and subsequently, more MRO services.
- Aging aircraft fleet: The average age of the global commercial aircraft fleet is currently around 11 years and is estimated to increase further in the coming years due to stricter emission regulations and longer replacement cycles. This will create greater demand for MRO services as airlines strive to keep their fleets operational for longer periods of time.
- Expansion of low-cost carriers: The growth of low-cost carriers (LCCs) has led to an increase in demand for affordable air travel, which in turn has resulted in an expansion of their fleets worldwide. LCCs typically have shorter replacement cycles than full-service airlines, resulting in increased demand for MRO services over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft MRO Market Research Report
By Type
Engine Maintenance, Components Maintenance, Airframe Heavy Maintenance, Line Maintenance Modification, Aircraft MR
By Application
Commercial, Military
By Companies
Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, MTU Maintenance, AAR Corp., Rolls-Royce, SR Technics, SIA Engineering, Delta TechOps, Haeco, JAL Engineering, Ameco Beijing, TAP M&E, ANA, British Airways Engineering, Korean Air, Iberia Maintenance, Aircraft MR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft MRO Market Report Segments:
The global Aircraft MRO market is segmented on the basis of:
Types
Engine Maintenance, Components Maintenance, Airframe Heavy Maintenance, Line Maintenance Modification, Aircraft MR
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lufthansa Technik
- GE Aviation
- AFI KLM E&M
- ST Aerospace
- MTU Maintenance
- AAR Corp.
- Rolls-Royce
- SR Technics
- SIA Engineering
- Delta TechOps
- Haeco
- JAL Engineering
- Ameco Beijing
- TAP M&E
- ANA
- British Airways Engineering
- Korean Air
- Iberia Maintenance
- Aircraft MR
Highlights of The Aircraft MRO Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine Maintenance
- Components Maintenance
- Airframe Heavy Maintenance
- Line Maintenance Modification
- Aircraft MR
- By Application:
- Commercial
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft MRO Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft MRO is a service that provides maintenance, repair and overhaul (MRO) for aircraft. It includes everything from routine inspections to more complex repairs or replacements.
Some of the major companies in the aircraft mro market are Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, MTU Maintenance, AAR Corp., Rolls-Royce, SR Technics, SIA Engineering, Delta TechOps, Haeco, JAL Engineering, Ameco Beijing, TAP M&E, ANA, British Airways Engineering, Korean Air, Iberia Maintenance, Aircraft MR.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aircraft MRO Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aircraft MRO Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aircraft MRO Market - Supply Chain
4.5. Global Aircraft MRO Market Forecast
4.5.1. Aircraft MRO Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aircraft MRO Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aircraft MRO Market Absolute $ Opportunity
5. Global Aircraft MRO Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aircraft MRO Market Size and Volume Forecast by Type
5.3.1. Engine Maintenance
5.3.2. Components Maintenance
5.3.3. Airframe Heavy Maintenance
5.3.4. Line Maintenance Modification
5.3.5. Aircraft MR
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aircraft MRO Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aircraft MRO Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aircraft MRO Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aircraft MRO Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aircraft MRO Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aircraft MRO Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aircraft MRO Demand Share Forecast, 2019-2026
9. North America Aircraft MRO Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aircraft MRO Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aircraft MRO Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aircraft MRO Market Size and Volume Forecast by Type
9.7.1. Engine Maintenance
9.7.2. Components Maintenance
9.7.3. Airframe Heavy Maintenance
9.7.4. Line Maintenance Modification
9.7.5. Aircraft MR
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aircraft MRO Demand Share Forecast, 2019-2026
10. Latin America Aircraft MRO Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aircraft MRO Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aircraft MRO Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aircraft MRO Market Size and Volume Forecast by Type
10.7.1. Engine Maintenance
10.7.2. Components Maintenance
10.7.3. Airframe Heavy Maintenance
10.7.4. Line Maintenance Modification
10.7.5. Aircraft MR
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aircraft MRO Demand Share Forecast, 2019-2026
11. Europe Aircraft MRO Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aircraft MRO Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aircraft MRO Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aircraft MRO Market Size and Volume Forecast by Type
11.7.1. Engine Maintenance
11.7.2. Components Maintenance
11.7.3. Airframe Heavy Maintenance
11.7.4. Line Maintenance Modification
11.7.5. Aircraft MR
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aircraft MRO Demand Share, 2019-2026
12. Asia Pacific Aircraft MRO Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aircraft MRO Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aircraft MRO Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aircraft MRO Market Size and Volume Forecast by Type
12.7.1. Engine Maintenance
12.7.2. Components Maintenance
12.7.3. Airframe Heavy Maintenance
12.7.4. Line Maintenance Modification
12.7.5. Aircraft MR
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aircraft MRO Demand Share, 2019-2026
13. Middle East & Africa Aircraft MRO Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aircraft MRO Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aircraft MRO Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aircraft MRO Market Size and Volume Forecast by Type
13.7.1. Engine Maintenance
13.7.2. Components Maintenance
13.7.3. Airframe Heavy Maintenance
13.7.4. Line Maintenance Modification
13.7.5. Aircraft MR
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aircraft MRO Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aircraft MRO Market: Market Share Analysis
14.2. Aircraft MRO Distributors and Customers
14.3. Aircraft MRO Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lufthansa Technik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE Aviation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AFI KLM E&M
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ST Aerospace
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MTU Maintenance
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AAR Corp.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rolls-Royce
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SR Technics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SIA Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Delta TechOps
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Haeco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JAL Engineering
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ameco Beijing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TAP M&E
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ANA
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. British Airways Engineering
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Korean Air
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Iberia Maintenance
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Aircraft MR
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
