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. The global aerospace MRO market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into engine, component, line maintenance, airframe, and modifications. The engine segment is expected to account for the largest share of the global aerospace MRO market in 2018. This can be attributed to increasing demand for new aircraft engines as well as replacement engines due to aging fleets across regions. The component segment is projected to grow at a highest CAGR during forecast period owing high replacement rate of components in commercial aviation sector across all regions studied in this research study. On the basis application wise; commercial aviation accounted for majority share followed by business & general aviation.
Product Definition:
Aerospace MRO is a field of business activity that provides maintenance, repair and overhaul services for the aerospace industry. The importance of Aerospace MRO lies in its ability to keep aircrafts operational and safe by performing necessary repairs and maintenance.
Engine:
The global aerospace maintenance, repair and overhaul (MRO) market size was valued at USD 75.56 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period owing to increasing air passenger traffic coupled with rising MRO activities for commercial as well as military aircraft across the globe.
Component:
A component is an important part used in the manufacturing of a product. It helps to complete the desired functionality and enhance the overall performance of a product. Components are manufactured using different raw materials such as metals, plastics, rubber, and other chemicals according to their use in aerospace MRO services market. Some common types of components include fasteners, seals & gaskets, washers & rollers wheels nuts among others which have been covered under this category so far.
Application Insights:
The commercial air transport application segment led the market and accounted for more than 45.0% share of the global revenue in 2017. The segment is driven by increasing passenger traffic on long-haul international routes, such as New York to Tokyo, Los Angeles or San Francisco. Furthermore, growing demand for MRO services on account of aircraft aging and high utilization rates are expected to drive the growth over the forecast period.
The business and general aviation (B&G) segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in product demand from small aircraft manufacturers across various regions including Asia Pacific and North America where repair & modification activities are carried out frequently due to low cost structures coupled with easy access airports providing B&G service providers globally which include Gulfstream Aerospace Corporation; American Champion Aircraft; Cirrus Design Corporation; Textron Aviation, Inc.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well, with U.S. being a key contributor to regional growth owing to the presence of numerous aircraft maintenance, repair and overhaul providers in that country.
The European aerospace MRO industry has been severely affected by political instability in countries such as Greece, Ukraine and Russia which have impacted operations at airports onshore thereby affecting airline operations adversely thus impacting overall aerospace MRO industry performance negatively since 2015 resulting into significant decline for this sector compared with previous years hence resulting into significant decline for overall Europe's Aerospace MRO Market share by 2030 to below 25%.
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.
- Proliferation of new aircraft models: Airlines are increasingly ordering new aircraft models that require specific MRO procedures and equipment. This will create opportunities for aerospace MRO providers who can offer specialized services.
- Aging fleet: The average age of commercial jets is increasing as airlines replace their older planes with newer ones. This will lead to an increase in the number of required maintenance and repairs, providing growth opportunities for aerospace MRO providers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace MRO Market Research Report
By Type
Engine, Component, Line Maintenance, Airframe, Modifications
By Application
Commercial Air Transport, Business and General Aviation, Military Aviation
By Companies
Airbus, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia, Lufthansa Technik, Jet Maintenance Solutions, ST Aerospace
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace MRO Market Report Segments:
The global Aerospace MRO market is segmented on the basis of:
Types
Engine, Component, Line Maintenance, Airframe, Modifications
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 Air Transport, Business and General Aviation, Military Aviation
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:
- Airbus
- Air France KLM Engineering & Maintenance
- Air Works
- Delta TechOps
- HAECO
- Honeywell International
- GMF AeroAsia
- Lufthansa Technik
- Jet Maintenance Solutions
- ST Aerospace
Highlights of The Aerospace 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
- Component
- Line Maintenance
- Airframe
- Modifications
- By Application:
- Commercial Air Transport
- Business and General Aviation
- Military Aviation
- 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 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
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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 MRO is a type of maintenance, repair and overhaul (MRO) service that provides aircraft components and systems to airlines, the military and other commercial customers. Aerospace MRO services include component replacement, system repair/upgrade, inspection/test and certification.
Some of the major companies in the aerospace mro market are Airbus, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia, Lufthansa Technik, Jet Maintenance Solutions, ST Aerospace.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace 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 MRO Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aerospace 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 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 MRO Market Size & Forecast, 2018-2028 4.5.1 Aerospace MRO Market Size and Y-o-Y Growth 4.5.2 Aerospace MRO Market Absolute $ Opportunity
Chapter 5 Global Aerospace 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 MRO Market Size Forecast by Type
5.2.1 Engine
5.2.2 Component
5.2.3 Line Maintenance
5.2.4 Airframe
5.2.5 Modifications
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace 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 MRO Market Size Forecast by Applications
6.2.1 Commercial Air Transport
6.2.2 Business and General Aviation
6.2.3 Military Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace 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 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 MRO Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace 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 MRO Market Size Forecast by Type
9.6.1 Engine
9.6.2 Component
9.6.3 Line Maintenance
9.6.4 Airframe
9.6.5 Modifications
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 MRO Market Size Forecast by Applications
9.10.1 Commercial Air Transport
9.10.2 Business and General Aviation
9.10.3 Military Aviation
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 MRO Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace 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 MRO Market Size Forecast by Type
10.6.1 Engine
10.6.2 Component
10.6.3 Line Maintenance
10.6.4 Airframe
10.6.5 Modifications
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 MRO Market Size Forecast by Applications
10.10.1 Commercial Air Transport
10.10.2 Business and General Aviation
10.10.3 Military Aviation
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 MRO Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace 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 MRO Market Size Forecast by Type
11.6.1 Engine
11.6.2 Component
11.6.3 Line Maintenance
11.6.4 Airframe
11.6.5 Modifications
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 MRO Market Size Forecast by Applications
11.10.1 Commercial Air Transport
11.10.2 Business and General Aviation
11.10.3 Military Aviation
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 MRO Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace 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 MRO Market Size Forecast by Type
12.6.1 Engine
12.6.2 Component
12.6.3 Line Maintenance
12.6.4 Airframe
12.6.5 Modifications
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 MRO Market Size Forecast by Applications
12.10.1 Commercial Air Transport
12.10.2 Business and General Aviation
12.10.3 Military Aviation
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 MRO Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace 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 MRO Market Size Forecast by Type
13.6.1 Engine
13.6.2 Component
13.6.3 Line Maintenance
13.6.4 Airframe
13.6.5 Modifications
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 MRO Market Size Forecast by Applications
13.10.1 Commercial Air Transport
13.10.2 Business and General Aviation
13.10.3 Military Aviation
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 MRO Market: Competitive Dashboard
14.2 Global Aerospace MRO Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbus
14.3.2 Air France KLM Engineering & Maintenance
14.3.3 Air Works
14.3.4 Delta TechOps
14.3.5 HAECO
14.3.6 Honeywell International
14.3.7 GMF AeroAsia
14.3.8 Lufthansa Technik
14.3.9 Jet Maintenance Solutions
14.3.10 ST Aerospace