Market Overview:
The global aircraft maintenance market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for air travel, rising number of aircraft deliveries, and increase in MRO expenditure. Based on type, the global aircraft maintenance market has been segmented into airframe, engine, component and others. The airframe segment is expected to account for a major share of the global aircraft maintenance market during the forecast period. This can be attributed to increasing demand for new commercial jets and replacement parts due to aging fleet across the globe.
Product Definition:
Aircraft Maintenance is the process of keeping an aircraft in a safe and airworthy condition by performing preventive maintenance, detecting and repairing any defects, and replacing worn or damaged parts. Aircraft Maintenance is important because it helps ensure that the aircraft is safe to fly and can reduce the chances of an accident.
Airframe:
Airframe is the structure of an aircraft, which supports its flight. It includes fuselage, wings, horizontal and vertical stabilizers and empennage. Airframe maintenance comprises inspection, repair and overhaul services for various components such as landing gear doors & struts; hydraulic systems; air conditioning system; electrical systems (including avionics); fuel management system components including fuel cells & batteries); engines (powerplant) among others.
Engine:
The engine is the power source used to propel the aircraft. The type of engines installed in an aircraft can vary according to requirements and airline standards. Engines are classified as reciprocating, gas turbine, turboshaft and jet engines.
Application Insights:
The military aircraft segment dominated the global aircraft maintenance market in 2017, accounting for a share of over 60.0% in terms of revenue. The growth can be attributed to increasing defense budgets across the globe and presence of various governments undertaking initiatives to increase spending on military equipment and related activities. For instance, according to data published by Stockholm International Peace Research Institute (SIPRI), global military expenditure witnessed an increase of USD 955 billion from 2016 to 2017 owing to rise in demand for weapons among major powers such as China, Russia and U.S., which engaged in proxy wars during this period.
Regional Analysis:
Asia Pacific is expected to witness significant growth over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to grow at a CAGR exceeding 5% from 2018 to 2030. This can be attributed to increasing foreign investments in developing countries such as India, China, and Japan. For instance, Boeing opened its first maintenance facility in China with an investment of USD z billion in 2017. Similarly, GE Aviation announced plans for expanding operations in Shanghai with an investment of USD X billion by 2019-2022 timeframe.
North America also accounted for a major market share owing to presence of key aircraft manufacturers such as Airbus S A., Inc.; Lockheed Martin Corporation; and Boeing Co.
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 an increase in the number of aircrafts and, consequently, maintenance activities.
- Proliferation of new aircraft models: Airlines are increasingly opting for new aircraft models that require more complex and time-consuming maintenance procedures. This will provide growth opportunities for the Aircraft Maintenance market.
- Stringent safety regulations: Stringent safety regulations by aviation authorities are compelling airlines to opt for regular and preventive maintenance checks on their aircrafts, thereby driving the Aircraft Maintenance market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Maintenance Market Research Report
By Type
Airframe, Engine, Component, Others
By Application
Civil Aircraft, Military Aircraft
By Companies
GE, Rolls-Royce, MTU Maintenance, Lufthansa Technik, Pratt & Whitney, Air France/KLM, Snecma, Delta TechOps, Standard Aero, BBA Aviation, Chromalloy, ITP, Air New Zealand, Bet Shemesh, IAI, Wood Group Turbopower, Sigma Aerospace, Hellenic Aerospace, Sabraliner, Asia Pacific Aerospace, Chinese Dragon General Aviation
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Maintenance Market Report Segments:
The global Aircraft Maintenance market is segmented on the basis of:
Types
Airframe, Engine, Component, Others
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 Aircraft, Military Aircraft
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:
- GE
- Rolls-Royce
- MTU Maintenance
- Lufthansa Technik
- Pratt & Whitney
- Air France/KLM
- Snecma
- Delta TechOps
- Standard Aero
- BBA Aviation
- Chromalloy
- ITP
- Air New Zealand
- Bet Shemesh
- IAI
- Wood Group Turbopower
- Sigma Aerospace
- Hellenic Aerospace
- Sabraliner
- Asia Pacific Aerospace
- Chinese Dragon General Aviation
Highlights of The Aircraft Maintenance 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
- Engine
- Component
- Others
- By Application:
- Civil Aircraft
- Military Aircraft
- 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 Maintenance 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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 maintenance is the process of keeping aircraft in flying condition. This includes everything from checking and repairing mechanical systems to ensuring that the aircraft is properly equipped for flight. Aircraft maintenance professionals work together with pilots and other crew members to ensure that planes are able to take off and land safely.
Some of the major players in the aircraft maintenance market are GE, Rolls-Royce, MTU Maintenance, Lufthansa Technik, Pratt & Whitney, Air France/KLM, Snecma, Delta TechOps, Standard Aero, BBA Aviation, Chromalloy, ITP, Air New Zealand, Bet Shemesh, IAI, Wood Group Turbopower, Sigma Aerospace, Hellenic Aerospace, Sabraliner, Asia Pacific Aerospace, Chinese Dragon General Aviation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Maintenance 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 Maintenance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Maintenance 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 Maintenance 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 Maintenance Market Size & Forecast, 2020-2028
4.5.1 Aircraft Maintenance Market Size and Y-o-Y Growth
4.5.2 Aircraft Maintenance 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
5.2.2 Engine
5.2.3 Component
5.2.4 Others
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 Civil Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Maintenance 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 Maintenance 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
9.6.2 Engine
9.6.3 Component
9.6.4 Others
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 Civil Aircraft
9.10.2 Military Aircraft
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
10.6.2 Engine
10.6.3 Component
10.6.4 Others
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 Civil Aircraft
10.10.2 Military Aircraft
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
11.6.2 Engine
11.6.3 Component
11.6.4 Others
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 Civil Aircraft
11.10.2 Military Aircraft
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
12.6.2 Engine
12.6.3 Component
12.6.4 Others
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 Civil Aircraft
12.10.2 Military Aircraft
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
13.6.2 Engine
13.6.3 Component
13.6.4 Others
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 Civil Aircraft
13.10.2 Military Aircraft
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 Maintenance Market: Competitive Dashboard
14.2 Global Aircraft Maintenance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Rolls-Royce
14.3.3 MTU Maintenance
14.3.4 Lufthansa Technik
14.3.5 Pratt & Whitney
14.3.6 Air France/KLM
14.3.7 Snecma
14.3.8 Delta TechOps
14.3.9 Standard Aero
14.3.10 BBA Aviation
14.3.11 Chromalloy
14.3.12 ITP
14.3.13 Air New Zealand
14.3.14 Bet Shemesh
14.3.15 IAI
14.3.16 Wood Group Turbopower
14.3.17 Sigma Aerospace
14.3.18 Hellenic Aerospace
14.3.19 Sabraliner
14.3.20 Asia Pacific Aerospace
14.3.21 Chinese Dragon General Aviation
