Europe Aircraft Wheel and Brake M.R.O Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

PUBLISHED: September 5, 2024

PAGES: 180 Pages

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Description

Europe's aircraft wheel and brake maintenance, repair, and overhaul (MRO) market is poised for substantial growth, forecasted to rise from USD 3.40 billion in 2024 to USD 4.60 billion by 2031, at a CAGR of 4.40%. This growth is being fueled by the increasing volume of air passengers and the aviation sector's ongoing efforts to enhance fuel efficiency while lowering maintenance costs. As airlines work diligently to maintain the safety and reliability of their fleets, the demand for specialized MRO services is anticipated to rise significantly.

Growing Passenger Traffic Drives MRO Demand

As air travel in Europe continues to surge, airlines are facing a heightened demand for MRO services. The increase in passenger traffic has resulted in more frequent maintenance of aircraft components, such as wheels and brakes, to ensure optimal performance and safety. Additionally, as airlines retain older aircraft for longer periods to accommodate the growing number of passengers, the need for more frequent maintenance of aging fleets is becoming increasingly critical.

Adoption of Lightweight Materials and Technological Innovation

To meet the rising demand for MRO services, companies are increasingly embracing new technologies and materials. One notable trend is the shift toward lightweight materials that improve fuel efficiency and reduce overall operational costs. This includes the use of advanced materials in the production of aircraft wheels and brakes. As airlines transition to modern, fuel-efficient aircraft, MRO providers are staying at the forefront of technological advancements to offer services that align with these evolving needs.

Sustainability Takes Center Stage in Aviation MRO

The aircraft wheel and brake MRO market in Europe is also seeing an increasing focus on sustainability. With growing pressure to reduce environmental footprints, airlines are pushing for greener practices, from using eco-friendly materials to cutting down on waste and improving energy efficiency in maintenance processes. MRO providers are responding by developing innovative technologies and methods that help airlines achieve their sustainability objectives without compromising on safety and efficiency.

The Future of MRO: Electric Brakes and Predictive Maintenance

As the aviation industry advances, new technologies such as electric brakes and predictive maintenance systems are becoming increasingly important. Electric brakes are gaining traction due to their reduced maintenance needs and greater reliability compared to traditional braking systems. They also offer enhanced control and safety during critical phases like takeoff and landing, boosting their adoption across the industry.

Meanwhile, predictive maintenance technologies, powered by advanced analytics and machine learning, are enabling airlines to anticipate and address maintenance needs before they escalate into critical issues. This proactive approach minimizes downtime, reduces costs, and enhances operational efficiency.

Key European Markets: Germany, the UK, and Spain Lead the Way

Germany, the United Kingdom, and Spain are emerging as key markets in Europe's aircraft wheel and brake MRO sector. These countries are home to major original equipment manufacturers (OEMs) and independent MRO service providers, making them central players in the region. However, markets with fewer independent providers and less developed infrastructure may experience slower growth in comparison.

Commercial Aircraft Segment Dominates the Market

The European aircraft wheel and brake MRO market is divided into commercial and defense sectors, with the commercial segment accounting for the largest share. The continuous rise in air travel, particularly in countries like Germany and the UK, has driven the need for more aircraft and ground support services, boosting demand for MRO solutions.

Narrow-Body Aircraft Drive Demand

Narrow-body aircraft are expected to dominate demand for wheel and brake MRO services in Europe. As the most commonly used type of aircraft in both commercial and defense sectors, they constitute a significant portion of the MRO market. Their extensive use is a primary driver of the increased demand for these services in the region.

OEMs Lead in Market Revenue

Original equipment manufacturers (OEMs) are expected to play a dominant role in Europe's aircraft wheel and brake MRO market. With their deep expertise in developing cutting-edge MRO solutions and their ability to meet stringent regulatory standards, OEMs are well-positioned to lead in market revenue generation. Many OEMs are also scaling their operations to meet the increasing demands of the industry, further solidifying their position as key players in the market.

Key Market Players

Magnetic Group
AerFin Limited
Lufthansa Technik AG
Honeywell Aerospace
Airborne Maintenance & Engineering Services
Kellstrom Aerospace, LLC
C & L Aviation Group
A J Walter Aviation Limited
AAR Corp
Delta Airlines, Inc.
KLM U.K. Engineering Limited
MTU Aero Engines AG
Rotable Repairs LTD
TP Aerospace
Collins
Air Atlanta Aviaservices
World Aero
RRL
Kearsley
ASC - Airline Component Services
SkyWheels
FL Technics
Aeromates
TP Denmark
Roeder
UAB Baltic Maintenance
SR Technics Spain
Antavia / Ametek MRO

Europe Aircraft Wheel and Brake M.R.O. Industry Research Segmentation

By Component:

Wheels
Brake Systems

By Aircraft Type:

Narrow Body
Wide Body
Regional Jets
Others

By Aircraft Application:

Commercial
Defense

By Service Providers:

OEMs
Airline Operators
Independent MROs

By Country:

Germany
Italy
France
U.K.
Spain
BENELUX
Russia
Rest of Europe

1. Executive Summary

1.1. Europe Aircraft Wheel and Brake M.R.O Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value , 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Europe Aircraft Wheel and Brake M.R.O Market Outlook, 2019 - 2031

3.1. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Component, Value (US$ Bn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Wheels
  - 3.1.1.2. Brake Systems
3.2. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Aircraft Type, Value (US$ Bn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Narrow Body
  - 3.2.1.2. Wide Body
  - 3.2.1.3. Regional Jets
  - 3.2.1.4. Others
3.3. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Aircraft Application, Value (US$ Bn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Commercial
  - 3.3.1.2. Defense
3.4. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Service Providers, Value (US$ Bn), 2019 - 2031
- 3.4.1. Key Highlights
  - 3.4.1.1. OEMs
  - 3.4.1.2. Airline Operators
  - 3.4.1.3. Independent MROs
3.5. Europe Automotive Battery Management System Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 3.5.1. Key Highlights
  - 3.5.1.1. Germany Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.2. Germany Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.3. Germany Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.4. Germany Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.5. U.K. Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.6. U.K. Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.7. U.K. Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.8. U.K. Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.9. France Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.10. France Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.11. France Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.12. France Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.13. Italy Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.14. Italy Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.15. Italy Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.16. Italy Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.17. Turkey Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.18. Turkey Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.19. Turkey Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.20. Turkey Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.21. Russia Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.22. Russia Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.23. Russia Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.24. Russia Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
  - 3.5.1.25. Rest of Europe Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
  - 3.5.1.26. Rest of Europe Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
  - 3.5.1.27. Rest of Europe Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
  - 3.5.1.28. Rest of Europe Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031

4. Competitive Landscape

4.1. by Aircraft Application vs by Aircraft Type Heatmap
4.2. Company Market Share Analysis, 2024
4.3. Competitive Dashboard
4.4. Company Profiles
- 4.4.1. Magnetic Group
  - 4.4.1.1. Company Overview
  - 4.4.1.2. Product Portfolio
  - 4.4.1.3. Financial Overview
  - 4.4.1.4. Business Strategies and Development
- 4.4.2. AerFin Limited
  - 4.4.2.1. Company Overview
  - 4.4.2.2. Product Portfolio
  - 4.4.2.3. Financial Overview
  - 4.4.2.4. Business Strategies and Development
- 4.4.3. Lufthansa Technik AG
  - 4.4.3.1. Company Overview
  - 4.4.3.2. Product Portfolio
  - 4.4.3.3. Financial Overview
  - 4.4.3.4. Business Strategies and Development
- 4.4.4. Honeywell Aerospace
  - 4.4.4.1. Company Overview
  - 4.4.4.2. Product Portfolio
  - 4.4.4.3. Financial Overview
  - 4.4.4.4. Business Strategies and Development
- 4.4.5. Airborne Maintenance & Engineering Services
  - 4.4.5.1. Company Overview
  - 4.4.5.2. Product Portfolio
  - 4.4.5.3. Financial Overview
  - 4.4.5.4. Business Strategies and Development
- 4.4.6. Kellstrom Aerospace, LLC
  - 4.4.6.1. Company Overview
  - 4.4.6.2. Product Portfolio
  - 4.4.6.3. Financial Overview
  - 4.4.6.4. Business Strategies and Development
- 4.4.7. C & L Aviation Group
  - 4.4.7.1. Company Overview
  - 4.4.7.2. Product Portfolio
  - 4.4.7.3. Financial Overview
  - 4.4.7.4. Business Strategies and Development
- 4.4.8. A J Walter Aviation Limited
  - 4.4.8.1. Company Overview
  - 4.4.8.2. Product Portfolio
  - 4.4.8.3. Financial Overview
  - 4.4.8.4. Business Strategies and Development
- 4.4.9. AAR Corp
  - 4.4.9.1. Company Overview
  - 4.4.9.2. Product Portfolio
  - 4.4.9.3. Financial Overview
  - 4.4.9.4. Business Strategies and Development
- 4.4.10. Delta Airlines, Inc.
  - 4.4.10.1. Company Overview
  - 4.4.10.2. Product Portfolio
  - 4.4.10.3. Financial Overview
  - 4.4.10.4. Business Strategies and Development
- 4.4.11. KLM U.K. Engineering Limited
  - 4.4.11.1. Company Overview
  - 4.4.11.2. Product Portfolio
  - 4.4.11.3. Financial Overview
  - 4.4.11.4. Business Strategies and Development
- 4.4.12. MTU Aero Engines AG
  - 4.4.12.1. Company Overview
  - 4.4.12.2. Product Portfolio
  - 4.4.12.3. Financial Overview
  - 4.4.12.4. Business Strategies and Development
- 4.4.13. Rotable Repairs LTD
  - 4.4.13.1. Company Overview
  - 4.4.13.2. Product Portfolio
  - 4.4.13.3. Financial Overview
  - 4.4.13.4. Business Strategies and Development
- 4.4.14. TP Aerospace
  - 4.4.14.1. Company Overview
  - 4.4.14.2. Product Portfolio
  - 4.4.14.3. Financial Overview
  - 4.4.14.4. Business Strategies and Development
- 4.4.15. Collins
  - 4.4.15.1. Company Overview
  - 4.4.15.2. Product Portfolio
  - 4.4.15.3. Financial Overview
  - 4.4.15.4. Business Strategies and Development
- 4.4.16. Air Atlanta Aviaservices
  - 4.4.16.1. Company Overview
  - 4.4.16.2. Product Portfolio
  - 4.4.16.3. Financial Overview
  - 4.4.16.4. Business Strategies and Development
- 4.4.17. World Aero
  - 4.4.17.1. Company Overview
  - 4.4.17.2. Product Portfolio
  - 4.4.17.3. Financial Overview
  - 4.4.17.4. Business Strategies and Development
- 4.4.18. RRL
  - 4.4.18.1. Company Overview
  - 4.4.18.2. Product Portfolio
  - 4.4.18.3. Financial Overview
  - 4.4.18.4. Business Strategies and Development
- 4.4.19. Kearsley
  - 4.4.19.1. Company Overview
  - 4.4.19.2. Product Portfolio
  - 4.4.19.3. Financial Overview
  - 4.4.19.4. Business Strategies and Development
- 4.4.20. ASC - Airline Component Services
  - 4.4.20.1. Company Overview
  - 4.4.20.2. Product Portfolio
  - 4.4.20.3. Financial Overview
  - 4.4.20.4. Business Strategies and Development
- 4.4.21. SkyWheels
  - 4.4.21.1. Company Overview
  - 4.4.21.2. Product Portfolio
  - 4.4.21.3. Financial Overview
  - 4.4.21.4. Business Strategies and Development
- 4.4.22. FL Technics
  - 4.4.22.1. Company Overview
  - 4.4.22.2. Product Portfolio
  - 4.4.22.3. Financial Overview
  - 4.4.22.4. Business Strategies and Development
- 4.4.23. Aeromates
  - 4.4.23.1. Company Overview
  - 4.4.23.2. Product Portfolio
  - 4.4.23.3. Financial Overview
  - 4.4.23.4. Business Strategies and Development
- 4.4.24. TP Denmark
  - 4.4.24.1. Company Overview
  - 4.4.24.2. Product Portfolio
  - 4.4.24.3. Financial Overview
  - 4.4.24.4. Business Strategies and Development
- 4.4.25. Roeder
  - 4.4.25.1. Company Overview
  - 4.4.25.2. Product Portfolio
  - 4.4.25.3. Financial Overview
  - 4.4.25.4. Business Strategies and Development