Market Overview:
The global aircraft maintenance, repair and overhaul (MRO) market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for commercial and military aircraft, and rising number of air passengers. The global aircraft MRO market is segmented on the basis of type, application, and region. On the basis of type, it is divided into engine MRO, line MRO, airframe MRO, and other components MRO. By application, it is classified into commercial aircraft MRO and military aircraft MRO.
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Product Definition:
Aircraft Maintenance, Repair and Overhaul (MRO) is the process of keeping aircraft in serviceable condition by performing necessary repairs and preventive maintenance. MRO is important to ensure passenger safety and preserve the life of an aircraft.
Engine:
The engine is the prime mover in an aircraft. It is responsible for propelling the aircraft through its power source, fuel. The growth of global MRO sector and rise in air passenger traffic are expected to drive the market over forecast period.
Aircraft engines come with a life cycle that requires regular maintenance and periodic replacement as per manufacturer specifications or as recommended by OEMs ( Original Equipment Manufacturers).
Line:
The line is a tool that uses high-pressure air or gas to push, pull or blow parts and materials along a fixed path. It is used in various industries such as automotive, manufacturing, construction and aviation for numerous applications. In the aerospace industry it is used for various functions such as cleaning of aircraft engines, removing bird droppings from aircraft wings and changing window tinting films among others.
Application Insights:
The commercial aircraft segment dominated the global aircraft MRO market in 2017, accounting for a share of over 60.0% and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in air traffic across major airports worldwide. As per aviation statistics website, CAPA Centre for Aviation, around 467 million passengers travelled by plane globally and the number is growing at a rate of 5% per year which means there will be around 50 million more travelers by 2030 requiring frequent maintenance services on their fleets.
Commercial aircraft include wide range of sizes from small business jets to large passenger planes serving various routes with different types of airplanes such as narrow-body (jetliners), wide-body (jumbo) or multi-engine ( turboprops ). Military Aircraft are also estimated to witness significant growth owing to increasing defense expenditure across countries such as U.S.
Regional Analysis:
Asia Pacific dominated the global aircraft MRO market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to rising investments in new aircraft manufacturing facilities by major players such as Airbus, Boeing, and ATR. In addition, increasing demand for air travel is also likely to drive regional growth over the next eight years.
Europe accounted for a significant share of global revenue in 2016 owing to high military spending by countries such as Russia and France coupled with stringent government regulations pertaining maintenance activities on board aircraft. However, sluggish economic conditions are anticipated to hamper regional growth over the coming years.
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, which in turn will lead to an increase in the demand for MRO services.
- Aging aircraft fleet: The average age of commercial aircraft is increasing due to stricter regulations on emissions and noise levels. This is leading airlines and Original Equipment Manufacturers (OEMs) to invest more in MRO services so that older planes can continue flying safely and efficiently.
- Proliferation of low-cost carriers: The growth of low-cost carriers (LCCs) has led airlines worldwide to focus on cost efficiency and adopt a “just-in-time” approach towards spare parts inventory management, which has resulted in an increased demand for MRO services.
- Expansion of airport infrastructure: Airport operators are investing heavily in new airport terminals and runways as well as upgrading existing infrastructure, thereby creating opportunities for MRO service providers worldwide. For instance, Dubai Airports plans to spend US billion over the next 10 years on expanding its facilities.[1]
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Maintenance, Repair and Overhaul (MRO) Market Research Report
By Type
Engine, Line, Airframe, Other Components
By Application
Commercial Aircraft, Military Aircraft
By Companies
Aar Corporation, Turkish Technik AG, Sabena Technics, Aviation Technical Service, Delta TechOps (delta Corporation ltd), Singapore Technologies Aerospace Ltd, Air France Industries, Aeroman, United Technologies Corporation, Mexicana MRO Services, LufthansaTechnik, SR Technics, Ameco, TAECO, GAMECO
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Maintenance, Repair and Overhaul (MRO) Market Report Segments:
The global Aircraft Maintenance, Repair and Overhaul (MRO) market is segmented on the basis of:
Types
Engine, Line, Airframe, Other Components
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 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:
- Aar Corporation
- Turkish Technik AG
- Sabena Technics
- Aviation Technical Service
- Delta TechOps (delta Corporation ltd)
- Singapore Technologies Aerospace Ltd
- Air France Industries
- Aeroman
- United Technologies Corporation
- Mexicana MRO Services
- LufthansaTechnik
- SR Technics
- Ameco
- TAECO
- GAMECO
 Market Overview.svg)
Highlights of The Aircraft Maintenance, Repair and 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:
- Engine
- Line
- Airframe
- Other Components
- By Application:
- Commercial 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, Repair and 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
 Market Statistics.svg)
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, repair and overhaul (MRO) is the process of maintaining, repairing or overhauling aircraft. It includes all activities necessary to keep an aircraft airworthy and operational.
Some of the major players in the aircraft maintenance, repair and overhaul (mro) market are Aar Corporation, Turkish Technik AG, Sabena Technics, Aviation Technical Service, Delta TechOps (delta Corporation ltd), Singapore Technologies Aerospace Ltd, Air France Industries, Aeroman, United Technologies Corporation, Mexicana MRO Services, LufthansaTechnik, SR Technics, Ameco, TAECO, GAMECO.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Maintenance, Repair and 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 Aircraft Maintenance, Repair and Overhaul (MRO) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Maintenance, Repair and 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 Aircraft Maintenance, Repair and 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 Aircraft Maintenance, Repair and Overhaul (MRO) Market Size & Forecast, 2020-2028
4.5.1 Aircraft Maintenance, Repair and Overhaul (MRO) Market Size and Y-o-Y Growth
4.5.2 Aircraft Maintenance, Repair and Overhaul (MRO) 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 Engine
5.2.2 Line
5.2.3 Airframe
5.2.4 Other Components
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 Commercial Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Maintenance, Repair and 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 Aircraft Maintenance, Repair and 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 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 Engine
9.6.2 Line
9.6.3 Airframe
9.6.4 Other Components
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 Commercial 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 Engine
10.6.2 Line
10.6.3 Airframe
10.6.4 Other Components
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 Commercial 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 Engine
11.6.2 Line
11.6.3 Airframe
11.6.4 Other Components
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 Commercial 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 Engine
12.6.2 Line
12.6.3 Airframe
12.6.4 Other Components
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 Commercial 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 Engine
13.6.2 Line
13.6.3 Airframe
13.6.4 Other Components
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 Commercial 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, Repair and Overhaul (MRO) Market: Competitive Dashboard
14.2 Global Aircraft Maintenance, Repair and Overhaul (MRO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aar Corporation
14.3.2 Turkish Technik AG
14.3.3 Sabena Technics
14.3.4 Aviation Technical Service
14.3.5 Delta TechOps (delta Corporation ltd)
14.3.6 Singapore Technologies Aerospace Ltd
14.3.7 Air France Industries
14.3.8 Aeroman
14.3.9 United Technologies Corporation
14.3.10 Mexicana MRO Services
14.3.11 LufthansaTechnik
14.3.12 SR Technics
14.3.13 Ameco
14.3.14 TAECO
14.3.15 GAMECO
