Market Overview:
The global wide body aircraft MRO market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wide body aircrafts in the commercial and military sectors, and the rising number of air passengers globally. In terms of type, the airframes and modifications segment is expected to account for a major share of the global wide body aircraft MRO market during the forecast period. This can be attributed to increasing investments by airlines in new-generation aircrafts with advanced features, which require regular maintenance and repairs.
Product Definition:
Wide body aircraft MRO is a type of aircraft maintenance, repair, and overhaul (MRO) company that specializes in the maintenance and repair of wide body commercial airliners. Wide body aircraft MROs are important because they provide a critical service for the airline industry. They keep large commercial airliners flying safely and efficiently, which is essential for keeping the airline industry moving.
Airframes And Modification:
Airframes and Modification is the maintenance & repair of aircraft structure. It includes components such as wings, fuselage, horizontal stabilizer, vertical stabilizer and any other structural parts. Airframe maintenance includes inspection & cleaning of critical areas to detect corrosion or damage which may lead to failure in future. Fuselage comprises internal organs such as passengers lungs and heart along with mechanical systems like engines etc.
Components:
Components are the internal parts of an aircraft that perform specific functions. They include actuators, controllers, motors, sensors and switches among others. The components used in MRO services are different from those used in regular maintenance activities as they require special expertise and tools to handle them.
Application Insights:
The military segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing defense aircraft procurement by countries such as U.S., China, India and Russia among others due to rise in terrorist activities across the world. Moreover, governments are also encouraging private airlines for civil-military co-operation which is expected to drive MRO services over the next few years. For instance, Civil Aviation Authority (CAA) of United Kingdom issued a statement on 16th December 2016 regarding ¢â‚¬Å“enhanced co-operation between commercial and military aviation sectors¢â‚¬ which is expected to increase demand for MRO services from both sides of business operations including maintenance, repair & overhaul (MRO).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments by MRO providers in developing facilities for maintenance, repair and overall enhancement of aircraft. For instance, Singapore with a population size of over 5 million has one of the largest maintenance bases globally for both military and commercial aircraft. It also has a large number of OEMs that conduct their activities outsource here on account of favorable government policies promoting business investment along with low labor costs associated with it.
The European market is anticipated to grow at an estimated CAGR exceeding 6% from 2018 to 2030 owing to increasing demand from operators as well as manufacturers across all major categories including narrow body, wide body jets, helicopters and turboprops/suburbans/ regional jets among others.
Growth Factors:
- Increasing demand for wide body aircrafts from the commercial and passenger airline sectors
- The increasing number of aging wide body aircraft in the global fleet that need to be serviced and maintained
- Proliferation of low-cost carriers, especially in Asia Pacific and the Middle East, which is resulting in an increase in demand for new and used wide body aircrafts
- The increasing adoption of twin-aisle aircraft by airlines for long-haul flights
- The growth of the MRO market in emerging economies such as China, India, Brazil, Mexico etc., where there is a large potential customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Wide Body Aircraft MRO Market Research Report
By Type
Airframes And Modification, Components, Engines, Line Maintenance
By Application
Military, Commercial
By Companies
GE Aviation (US), Honeywell Aerospace (US), Lufthansa Technik (Germany), Pratt & Whitney (US), Rolls-Royce (US), Abu Dhabi Aircraft Technologies (UAE), Air France Industries Klm Engineering And Maintenance (France), MTU Aero Engines (Germany), Singapore Technologies Aerospace (Singapore)
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Wide Body Aircraft MRO Market Report Segments:
The global Wide Body Aircraft MRO market is segmented on the basis of:
Types
Airframes And Modification, Components, Engines, Line Maintenance
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
Military, Commercial
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 Aviation (US)
- Honeywell Aerospace (US)
- Lufthansa Technik (Germany)
- Pratt & Whitney (US)
- Rolls-Royce (US)
- Abu Dhabi Aircraft Technologies (UAE)
- Air France Industries Klm Engineering And Maintenance (France)
- MTU Aero Engines (Germany)
- Singapore Technologies Aerospace (Singapore)
Highlights of The Wide Body Aircraft 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:
- Airframes And Modification
- Components
- Engines
- Line Maintenance
- By Application:
- Military
- Commercial
- 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 Wide Body Aircraft 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
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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?
Wide Body Aircraft MRO is a type of maintenance, repair and overhaul (MRO) service that provides aircraft maintenance and repair services for wide body aircraft.
Some of the major players in the wide body aircraft mro market are GE Aviation (US), Honeywell Aerospace (US), Lufthansa Technik (Germany), Pratt & Whitney (US), Rolls-Royce (US), Abu Dhabi Aircraft Technologies (UAE), Air France Industries Klm Engineering And Maintenance (France), MTU Aero Engines (Germany), Singapore Technologies Aerospace (Singapore).
The wide body aircraft mro market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wide Body Aircraft 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 Wide Body Aircraft MRO Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wide Body Aircraft 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 Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size & Forecast, 2018-2028
4.5.1 Wide Body Aircraft MRO Market Size and Y-o-Y Growth
4.5.2 Wide Body Aircraft MRO Market Absolute $ Opportunity
Chapter 5 Global Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Type
5.2.1 Airframes And Modification
5.2.2 Components
5.2.3 Engines
5.2.4 Line Maintenance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Applications
6.2.1 Military
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wide Body Aircraft 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 Wide Body Aircraft 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 Wide Body Aircraft MRO Analysis and Forecast
9.1 Introduction
9.2 North America Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Type
9.6.1 Airframes And Modification
9.6.2 Components
9.6.3 Engines
9.6.4 Line Maintenance
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 Wide Body Aircraft MRO Market Size Forecast by Applications
9.10.1 Military
9.10.2 Commercial
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 Wide Body Aircraft MRO Analysis and Forecast
10.1 Introduction
10.2 Europe Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Type
10.6.1 Airframes And Modification
10.6.2 Components
10.6.3 Engines
10.6.4 Line Maintenance
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 Wide Body Aircraft MRO Market Size Forecast by Applications
10.10.1 Military
10.10.2 Commercial
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 Wide Body Aircraft MRO Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Type
11.6.1 Airframes And Modification
11.6.2 Components
11.6.3 Engines
11.6.4 Line Maintenance
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 Wide Body Aircraft MRO Market Size Forecast by Applications
11.10.1 Military
11.10.2 Commercial
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 Wide Body Aircraft MRO Analysis and Forecast
12.1 Introduction
12.2 Latin America Wide Body Aircraft 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 Wide Body Aircraft MRO Market Size Forecast by Type
12.6.1 Airframes And Modification
12.6.2 Components
12.6.3 Engines
12.6.4 Line Maintenance
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 Wide Body Aircraft MRO Market Size Forecast by Applications
12.10.1 Military
12.10.2 Commercial
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) Wide Body Aircraft MRO Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wide Body Aircraft 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) Wide Body Aircraft MRO Market Size Forecast by Type
13.6.1 Airframes And Modification
13.6.2 Components
13.6.3 Engines
13.6.4 Line Maintenance
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) Wide Body Aircraft MRO Market Size Forecast by Applications
13.10.1 Military
13.10.2 Commercial
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 Wide Body Aircraft MRO Market: Competitive Dashboard
14.2 Global Wide Body Aircraft MRO Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Aviation (US)
14.3.2 Honeywell Aerospace (US)
14.3.3 Lufthansa Technik (Germany)
14.3.4 Pratt & Whitney (US)
14.3.5 Rolls-Royce (US)
14.3.6 Abu Dhabi Aircraft Technologies (UAE)
14.3.7 Air France Industries Klm Engineering And Maintenance (France)
14.3.8 MTU Aero Engines (Germany)
14.3.9 Singapore Technologies Aerospace (Singapore)
