Market Overview:
The global aircraft heavy maintenance visits (HMV) market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The global aircraft HMV market is segmented on the basis of type, application and region. On the basis of type, the global aircraft HMV market is segmented into airframe HMV, engine HMV and others component HMV. The airframe HMV segment is expected to account for a major share of the global aircraft HMV market in 2018. This can be attributed to increasing demand for heavy maintenance services for commercial as well as military aircraft across the globe.
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Product Definition:
Aircraft Heavy Maintenance Visits (HMV) are visits to an aircraft by a maintenance crew to perform heavy maintenance tasks, which are typically more extensive and time-consuming than the tasks performed during routine or scheduled maintenance. Aircraft Heavy Maintenance Visits (HMV) can be required for a variety of reasons, such as due to the age of an aircraft, its usage history, or required inspections.
Airframe HMV:
Airframe HMV (Heavy Metal Vapour) is a special type of oil used in the aviation industry. It is produced by heating metal oils to their vapor form so that they can be inhaled into an engine. Airframe HMV has several advantages over conventional oil such as it does not contain any water, and its viscosity index is very high which allows better lubrication for the bearings and reduces wear & tear of moving parts.
Engine HMV:
Engine HMV is the value-added service that covers all aspects of aircraft heavy maintenance visits. It includes scheduled and unscheduled maintenance activities, inspection, repair and replacement services for airframe components as well as engine components. Engine HMV includes all work associated with the operation, servicing and maintenance of power plants in an aircraft such as avionics systems & engines along with mechanical systems like brakes, landing gears hydraulic system etc.
Application Insights:
The fixed-wing aircraft segment dominated the global aircraft heavy maintenance visits (HMV) market in 2017, accounting for a revenue share of over 60%. The segment is expected to retain its dominant position throughout the forecast period owing to factors such as increasing demand for passenger travel and military operations, coupled with an increase in air traffic.
Increasing demand for regional connectivity, along with rising air traffic density within major economies of Asia Pacific and Europe are projected to drive the rotary-winged aircraft segment over the forecast period. HMV services performed on a rotary winged aircraft accounted for around 11% of total market volume in 2017. Growing tourism industry across developing countries such as India and China is anticipated to boost product demand from 2018 to 2030. Rising need among business travelers for premium service providers that offer flexible scheduling options is also likely fuel product adoption during future phases of growth.
Regional Analysis:
North America dominated the global aircraft heavy maintenance visits market in 2016 with a revenue share of over 35%. The growth can be attributed to the presence of major heavy maintenance providers such as United Aircraft Corp. and GE Aviation Services Co. These companies are engaged in providing services for critical parts such as engines, airframe, hydraulic system and others. Thus, they provide 24/7 availability for these systems which is expected to drive demand over the forecast period.
Asia Pacific is expected to witness significant growth during the forecast period owing to increasing number of new build projects by various airlines across countries such as India.
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 higher levels of maintenance.
- Aging aircraft fleet: The average age of commercial aircraft is increasing as airlines replace their older planes with new ones. This will lead to an increase in heavy maintenance visits as older planes require more frequent checks and repairs.
- Stringent safety regulations: Airlines are increasingly becoming aware of the importance of adhering to stringent safety regulations, which has led to an increase in HMV spending globally over the past few years.
- Technological advancements: Aircraft manufacturers are constantly introducing new technologies into their planes, which leads to increased complexity during heavy maintenance visits. As a result, airlines are spending more on HMVs in order keep their fleets up-to-date with the latest technology developments.. 5) Growing outsourcing trend among airlines: Airlines are increasingly outsourcing heavy maintenance work to third-party service providers due to cost savings and efficiency benefits
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Heavy Maintenance Visits (HMV) Market Research Report
By Type
Airframe HMV, Engine HMV, Others Component HMV
By Application
Fixed Wing, Rotary Wing
By Companies
AAR, Airbus, Honeywell International, Air France-KLM, Lufthansa Technik, ST Aerospace, Barnes Aerospace, Delta TechOps, Turkish Technic, SR Technics, Evergreen Aviation Technologies Corporation (EGAT)
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Heavy Maintenance Visits (HMV) Market Report Segments:
The global Aircraft Heavy Maintenance Visits (HMV) market is segmented on the basis of:
Types
Airframe HMV, Engine HMV, Others Component HMV
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
Fixed Wing, Rotary Wing
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:
- AAR
- Airbus
- Honeywell International
- Air France-KLM
- Lufthansa Technik
- ST Aerospace
- Barnes Aerospace
- Delta TechOps
- Turkish Technic
- SR Technics
- Evergreen Aviation Technologies Corporation (EGAT)
 Market Overview.svg)
Highlights of The Aircraft Heavy Maintenance Visits (HMV) 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:
- Airframe HMV
- Engine HMV
- Others Component HMV
- By Application:
- Fixed Wing
- Rotary Wing
- 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 Heavy Maintenance Visits (HMV) 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.
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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?
Aircraft heavy maintenance visits (HMV) are inspections and repairs that are required on an aircraft to keep it in compliance with Federal Aviation Administration regulations. HMVs can include everything from checking the engine oil level to inspecting the brakes.
Some of the key players operating in the aircraft heavy maintenance visits (hmv) market are AAR, Airbus, Honeywell International, Air France-KLM, Lufthansa Technik, ST Aerospace, Barnes Aerospace, Delta TechOps, Turkish Technic, SR Technics, Evergreen Aviation Technologies Corporation (EGAT).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Heavy Maintenance Visits (HMV) 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 Aircraft Heavy Maintenance Visits (HMV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Heavy Maintenance Visits (HMV) 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 Aircraft Heavy Maintenance Visits (HMV) 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 Aircraft Heavy Maintenance Visits (HMV) Market Size & Forecast, 2020-2028
4.5.1 Aircraft Heavy Maintenance Visits (HMV) Market Size and Y-o-Y Growth
4.5.2 Aircraft Heavy Maintenance Visits (HMV) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Airframe HMV
5.2.2 Engine HMV
5.2.3 Others Component HMV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Fixed Wing
6.2.2 Rotary Wing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Heavy Maintenance Visits (HMV) 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 Aircraft Heavy Maintenance Visits (HMV) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Airframe HMV
9.6.2 Engine HMV
9.6.3 Others Component HMV
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 Market Size Forecast by Applications
9.10.1 Fixed Wing
9.10.2 Rotary Wing
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Airframe HMV
10.6.2 Engine HMV
10.6.3 Others Component HMV
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 Market Size Forecast by Applications
10.10.1 Fixed Wing
10.10.2 Rotary Wing
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Airframe HMV
11.6.2 Engine HMV
11.6.3 Others Component HMV
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 Market Size Forecast by Applications
11.10.1 Fixed Wing
11.10.2 Rotary Wing
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Airframe HMV
12.6.2 Engine HMV
12.6.3 Others Component HMV
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 Market Size Forecast by Applications
12.10.1 Fixed Wing
12.10.2 Rotary Wing
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Airframe HMV
13.6.2 Engine HMV
13.6.3 Others Component HMV
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) Market Size Forecast by Applications
13.10.1 Fixed Wing
13.10.2 Rotary Wing
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 Aircraft Heavy Maintenance Visits (HMV) Market: Competitive Dashboard
14.2 Global Aircraft Heavy Maintenance Visits (HMV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AAR
14.3.2 Airbus
14.3.3 Honeywell International
14.3.4 Air France-KLM
14.3.5 Lufthansa Technik
14.3.6 ST Aerospace
14.3.7 Barnes Aerospace
14.3.8 Delta TechOps
14.3.9 Turkish Technic
14.3.10 SR Technics
14.3.11 Evergreen Aviation Technologies Corporation (EGAT)
