Market Overview:
The global aerospace 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 aircrafts and rising air passenger traffic. Additionally, the increase in the number of aircraft deliveries is also projected to fuel the growth of the global aerospace MRO market during the forecast period. The maintenance segment is expected to hold a major share of the global aerospace MRO market duringthe forecast period. This can be attributedtothe need for regular maintenance and inspectionsof aircrafts in order to ensure their safety and operational efficiency.
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Product Definition:
Aerospace Maintenance, Repair and Overhaul (MRO) is a term used in the airline industry to describe the process of maintaining and repairing aircraft. MRO is an important part of the airline industry because it helps to keep planes operational and ensure that they are safe for passengers.
Maintenance:
Maintenance is the systematic collection of activities performed to keep a machine or structure in good working order and prevent it from wear & tear. Maintenance includes routine tasks such as lubrication, inspection, disassembly/reassembly, service repair and maintenance.Maintenance can be divided into two categories: planned maintenance and unplanned maintenance.
Repair & Overhaul:
The global repair and overhaul (MRO) market size was valued at USD 110.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing air passenger traffic, coupled with rising maintenance activities for commercial as well as military aircraft across the globe.
A large number of MRO services are carried out on an outsourced basis by Original Equipment Manufacturers (OEMs).
Application Insights:
The civil segment dominated the global aerospace MRO market in 2017, accounting for a share of over 60.0%. The growth can be attributed to the increasing number of commercial and passenger aircraft as well as helicopters in operation across major regions such as North America, Europe, and Asia Pacific. In addition, factors such as growing air travel demand owing to rapid urbanization along with rising disposable income levels among consumers are expected to drive the demand for MRO services over the forecast period.
The military segment is anticipated to witness steady growth over the forecast period owing to an increase in defense investments by governments across various regions including Middle East & Africa and Asia Pacific. In addition, presence of key international military alliances such as NATO coupled with domestic security concerns among various countries is likely to propel regional defense investments which will subsequently boost regional aviation industries leading into positive outlook for MRO services within this sector.
Regional Analysis:
The North American regional market dominated the global aerospace MRO market in 2016. The presence of major aircraft manufacturers and maintenance providers in the U.S. has contributed to its dominance over the past few years. However, Asia Pacific is expected to emerge as a strong contender during the forecast period owing to increasing military spending by countries such as China and India, which is likely to drive demand for aircraft parts and maintenance services in this region over the next eight years.
Moreover, economic growth witnessed by emerging Asian countries such as China.
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 commercial aircraft is increasing due to stricter regulations on emissions and noise levels. Airlines are therefore increasingly needing MRO services to keep their fleets operational.
- Proliferation of new technologies: Aircraft are becoming increasingly complex as new technologies are being introduced into the market such as additive manufacturing and advanced materials research. This requires greater expertise on the part of MRO providers in order to maintain these aircrafts effectively and safely.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Maintenance,Repair & Overhaul (MRO) Market Research Report
By Type
Maintenance, Repair & Overhaul
By Application
Civil, Military
By Companies
Air France, ST Aerospace, HAECO, Lufthansa Technik, TIMCO, Ameco Beijing, SIA Engineering, TAECO, British Airways Engineering
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Maintenance,Repair & Overhaul (MRO) Market Report Segments:
The global Aerospace Maintenance,Repair & Overhaul (MRO) market is segmented on the basis of:
Types
Maintenance, Repair & Overhaul
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
Civil, 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:
- Air France
- ST Aerospace
- HAECO
- Lufthansa Technik
- TIMCO
- Ameco Beijing
- SIA Engineering
- TAECO
- British Airways Engineering
 Market Overview.svg)
Highlights of The Aerospace Maintenance,Repair & Overhaul (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:
- Maintenance
- Repair & Overhaul
- By Application:
- Civil
- 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 Aerospace Maintenance,Repair & Overhaul (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
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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?
Aerospace Maintenance, Repair and Overhaul (MRO) is a specialized field within the aviation industry that provides maintenance, repair and overhaul services for aircraft. MRO professionals work on a wide variety of aircraft types, from commercial jets to military fighters. They may also work on helicopters or other types of aircraft.
Some of the key players operating in the aerospace maintenance,repair & overhaul (mro) market are Air France, ST Aerospace, HAECO, Lufthansa Technik, TIMCO, Ameco Beijing, SIA Engineering, TAECO, British Airways Engineering.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Maintenance,Repair & Overhaul (MRO) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Maintenance,Repair & Overhaul (MRO) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Maintenance,Repair & Overhaul (MRO) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Maintenance,Repair & Overhaul (MRO) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Maintenance,Repair & Overhaul (MRO) Market Size & Forecast, 2018-2028
4.5.1 Aerospace Maintenance,Repair & Overhaul (MRO) Market Size and Y-o-Y Growth
4.5.2 Aerospace Maintenance,Repair & Overhaul (MRO) Market Absolute $ Opportunity
Chapter 5 Global Aerospace Maintenance,Repair & Overhaul (MRO) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
5.2.1 Maintenance
5.2.2 Repair & Overhaul
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace Maintenance,Repair & Overhaul (MRO) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
6.2.1 Civil
6.2.2 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Maintenance,Repair & Overhaul (MRO) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace Maintenance,Repair & Overhaul (MRO) Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
9.6.1 Maintenance
9.6.2 Repair & Overhaul
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
9.10.1 Civil
9.10.2 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace Maintenance,Repair & Overhaul (MRO) Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
10.6.1 Maintenance
10.6.2 Repair & Overhaul
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
10.10.1 Civil
10.10.2 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace Maintenance,Repair & Overhaul (MRO) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
11.6.1 Maintenance
11.6.2 Repair & Overhaul
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
11.10.1 Civil
11.10.2 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace Maintenance,Repair & Overhaul (MRO) Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
12.6.1 Maintenance
12.6.2 Repair & Overhaul
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
12.10.1 Civil
12.10.2 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace Maintenance,Repair & Overhaul (MRO) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Maintenance,Repair & Overhaul (MRO) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Type
13.6.1 Maintenance
13.6.2 Repair & Overhaul
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace Maintenance,Repair & Overhaul (MRO) Market Size Forecast by Applications
13.10.1 Civil
13.10.2 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Maintenance,Repair & Overhaul (MRO) Market: Competitive Dashboard
14.2 Global Aerospace Maintenance,Repair & Overhaul (MRO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air France
14.3.2 ST Aerospace
14.3.3 HAECO
14.3.4 Lufthansa Technik
14.3.5 TIMCO
14.3.6 Ameco Beijing
14.3.7 SIA Engineering
14.3.8 TAECO
14.3.9 British Airways Engineering
