Global Commercial Wide-Body and Narrow-Body Aircraft MRO Market Research Report By MRO Type, by Aircraft Type, by Service Provider, and By Region Forecast Till 2032

Description

List of Tables

Global Commercial Wide-Body and Narrow-Body Aircraft MRO Market Research Report By MRO Type (Airframe Heavy Maintenance MRO, Engine MRO, Component MRO, Line Maintenance, and Modifications MRO), by Aircraft Type (Wide-body Aircraft{B747, B777, B787, A350, A330, B767, and Others}, and Narrow-body Aircraft{B737, A320, A220, and Others}), by Service Provider (Third Party/Independent MRO, and OEM-Affiliated MRO), and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South & Central America) Forecast Till 2032

Market Overview

The Commercial Wide-Body and Narrow-Body Aircraft MRO Market Size was estimated at USD 69,277.1 million in 2023. The Commercial Wide-Body and Narrow-Body Aircraft MRO Market is expected to increase from USD 72,800.9 million in 2024 to USD 1,10,959.8 million by 2032, with a compound yearly growth rate (CAGR) of 5.4% over the forecast period (2024-2032).

Wide-bodied and narrow-body aircraft The abbreviation MRO stands for wide-body and narrow-body aircraft maintenance, repair, and overhaul. It defines technical support services such as maintenance, repair, and overhaul for big passenger airplanes. These services are responsible for maintaining the fleet of wide-body airplanes to ensure their continued airworthiness, safety, and performance for commercial passenger transportation.

The global wide-body and narrow-body aircraft maintenance, repair, and overhaul (MRO) sector is driven by the following factors: fast airline growth, outsourcing of MRO operations, and an increased OEM focus on MRO applications. However, this expansion is limited by high repair costs, the retirement of well-maintained aircraft, and environmental concerns. However, there are opportunities as commercial aircraft age, a desire for enhanced and environmentally friendly transformation emerges, and the reach of MRO services expands in developing countries. However, there are still issues with technology uptake and achieving sustainability standards.

Market Segment insights

The Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been divided into five segments based on MRO type: airframe heavy maintenance, engine maintenance, component maintenance, line maintenance, and modifications.

The market is divided into two segments based on aircraft type: wide-body aircraft and narrow-body aircraft.

The market is divided into four segments based on vehicle type: passenger cars, light commercial vehicles, heavy commercial vehicles, and others.

The Commercial Wide-Body and Narrow-Body Aircraft MRO Market is divided into two segments based on service provider: third-party/independent MRO and OEM-affiliated MRO.

Regional insights

It is projected that the Asia-Pacific commercial aviation industry would make substantial strides soon. This expansion is primarily driven by the rising demand for new narrow-body planes, which will also contribute to increased MRO services. Currently, Asia-Pacific accounts for one-third of global commercial aircraft utilization, and this figure is expected to rise to more than 13,000 aircraft by 2031. It is also worth noting that the airline fleet, which presently accounts for more than one-third of all regional airliners, is expected to rise. This has also resulted in an increase in the average age of planes in the Asia-Pacific area to 18-24 years, as airline leasing terms are prolonged, driving MRO demand.

Major Players

Hong Kong Aircraft Engineering Company Ltd. (HAECO), SIA Engineering Company (SIAEC), Singapore Technologies Engineering Ltd., GMF Aeroasia, Standardaero, Guangzhou Aircraft Maintenance Engineering Company Ltd (GAMECO), ARR Corp., Delta Techops, Aviation Technical Services, Emirates Engineering, Gulf Aircraft Engineering & Services, Aerostructures Middle East Services (AMES), Ethad Engi

Product Code: MRFR/AM/38464-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RAPID FLEET EXPANSION BY AIRLINES
- 4.2.2 OUTSOURCING OF MRO ACTIVITIES
- 4.2.3 INCREASED FOCUS OF OEMS ON AIRCRAFT MRO SERVICE
4.3 RESTRAINTS
- 4.3.1 HIGH COST OF AIRCRAFT REPAIR
- 4.3.2 RETIREMENT OF MAINTENANCE INTENSIVE AIRCRAFT
- 4.3.3 ENVIRONMENTAL HAZARDS
4.4 OPPORTUNITY
- 4.4.1 THE RISING AGE OF COMMERCIAL AIRCRAFT FLEETS
- 4.4.2 GROWING DEMAND FOR MORE EFFICIENT AND ECO-FRIENDLY AIRCRAFT MODIFICATIONS
- 4.4.3 EXPANSION OF MRO SERVICES IN EMERGING MARKETS
4.5 CHALLENGES
- 4.5.1 COMPLEXITIES IN INTEGRATING NEW TECHNOLOGIES
- 4.5.2 ENVIRONMENTAL SUSTAINABILITY PRESSURES
4.6 IMPACT ANALYSIS OF COVID-19
- 4.6.1 IMPACT OF COVID-19 ON GLOBAL ECONOMY
- 4.6.2 IMPACT OF COVID-19 ON THE WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET
- 4.6.3 SUPPLY CHAIN IMPACT
  - 4.6.3.1 IMPACT ON WIDE-BODY AIRCRAFT AND NARROW-BODY MRO COMPANIES
  - 4.6.3.2 IMPACT ON COMPONENT/SERVICES SUPPLIER
  - 4.6.3.3 IMPACT ON DISTRIBUTION/LOGISTICS
  - 4.6.3.4 IMPACT ON AIRLINES
- 4.6.4 MARKET RECOVERY ANALYSIS
- 4.6.5 YOY GROWTH 2020-2022
- 4.6.6 MARKET TRENDS
  - 4.6.6.1 IT INTEGRATION IN MRO
  - 4.6.6.2 EMPHASIS ON SUSTAINABLE PRACTICES
  - 4.6.6.3 ADOPTION OF ADDITIVE MANUFACTURING (3D PRINTING)
  - 4.6.6.4 INCREASING OUTSOURCING OF MRO SERVICES
  - 4.6.6.5 GROWING DEMAND FOR SPECIALIZED MRO SERVICES
  - 4.6.6.6 ENHANCED FOCUS ON SAFETY AND REGULATORY COMPLIANCE
  - 4.6.6.7 INTEGRATION OF AUGMENTED REALITY (AR) IN MAINTENANCE PROCEDURES

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 SUPPLIERS AND RAW MATERIALS PROCUREMENT
- 5.1.2 DISTRIBUTION AND LOGISTICS
- 5.1.3 MRO SERVICE PROVIDERS
- 5.1.4 END-USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 REGULATORY LANDSCAPE/STANDARDS
5.4 SWOT ANALYSIS
5.5 PESTEL ANALYSIS
5.6 FUTURE TECHNOLOGICAL INNOVATIONS

6 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY MRO TYPE

6.1 OVERVIEW
6.2 AIRFRAME HEAVY MAINTENANCE MRO
6.3 ENGINE MRO
6.4 COMPONENT MRO
6.5 LINE MAINTENANCE
6.6 MODIFICATIONS MRO

7 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY AIRCRAFT TYPE

7.1 INTRODUCTION
7.2 WIDE-BODY AIRCRAFT
7.3 NARROW-BODY AIRCRAFT

8 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY SERVICE PROVIDER

8.1 INTRODUCTION
8.2 THIRD PARTY/ INDEPENDENT MRO
8.3 OEM-AFFILIATED MRO

9 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY REGION

9.1 OVERVIEW
- 9.1.1 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY REGION, 2023 VS 2032 (USD MILLION)
- 9.1.2 GLOBAL COMMERCIAL WIDE-BODY AND NARROW-BODY AIRCRAFT MRO MARKET, BY REGION, 2019-2032 (USD MILLION)
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 UK
- 9.3.2 GERMANY
- 9.3.3 FRANCE
- 9.3.4 ITALY
- 9.3.5 SPAIN
- 9.3.6 AUSTRIA
- 9.3.7 NETHERLANDS
- 9.3.8 BELGIUM
- 9.3.9 SWEDEN
- 9.3.10 DENMARK
- 9.3.11 NORWAY
- 9.3.12 POLAND
- 9.3.13 TURKEY
- 9.3.14 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 AUSTRALIA
- 9.4.5 SOUTH KOREA
- 9.4.6 INDONESIA
- 9.4.7 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
- 9.5.1 UAE
- 9.5.2 SAUDI ARABIA
- 9.5.3 SOUTH AFRICA
- 9.5.4 QATAR
- 9.5.5 KUWAIT
- 9.5.6 EGYPT
- 9.5.7 ISRAEL
- 9.5.8 OMAN
- 9.5.9 JORDAN
- 9.5.10 BAHRAIN
- 9.5.11 REST OF MIDDLE EAST AND AFRICA
9.6 SOUTH AND CENTRAL AMERICA
- 9.6.1 BRAZIL
- 9.6.2 ARGENTINA
- 9.6.3 CHILE
- 9.6.4 REST OF SOUTH & CENTRAL AMERICA

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 GLOBAL COMPANY MARKET SHARE ANALYSIS, 2023 (%)
10.5 COMPETITOR DASHBOARD
10.6 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 10.6.1 PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET
- 10.6.2 MERGER AND ACQUISITION
- 10.6.3 PARTNERSHIP/AGREEMENT
- 10.6.4 INVESTMENT/EXPANSION

11 COMPANY PROFILE

11.1 HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED (HAECO)
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 SIA ENGINEERING COMPANY (SIAEC)
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 SINGAPORE TECHNOLOGIES ENGINEERING LTD
- 11.3.1 COMPANY OVERVIEW

. ERROR! BOOKMARK NOT DEFINED.

11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES

11.4 GMF AEROASIA
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 STANDARDAERO
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 GUANGZHOU AIRCRAFT MAINTENANCE ENGINEERING COMPANY LIMITED (GAMECO)
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 AAR CORP.
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 DELTA TECHOPS
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 AVIATION TECHNICAL SERVICES
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 EMIRATES ENGINEERING
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES
11.11 GULF AIRCRAFT ENGINEERING & SERVICES
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGIES
11.12 AEROSTRUCTURES MIDDLE EAST SERVICES (AMES)
- 11.12.1 COMPANY OVERVIEW
- 11.12.2 FINANCIAL OVERVIEW
- 11.12.3 PRODUCTS OFFERED
- 11.12.4 KEY DEVELOPMENTS
- 11.12.5 SWOT ANALYSIS
- 11.12.6 KEY STRATEGIES
11.13 ETIHAD ENGINEERING
- 11.13.1 COMPANY OVERVIEW
- 11.13.2 FINANCIAL OVERVIEW
- 11.13.3 PRODUCTS OFFERED
- 11.13.4 KEY DEVELOPMENTS
- 11.13.5 SWOT ANALYSIS
- 11.13.6 KEY STRATEGIES
11.14 LUFTHANSA TECHNIK MIDDLE EAST
- 11.14.1 COMPANY OVERVIEW
- 11.14.2 FINANCIAL OVERVIEW
- 11.14.3 PRODUCTS OFFERED
- 11.14.4 KEY DEVELOPMENTS
- 11.14.5 SWOT ANALYSIS
- 11.14.6 KEY STRATEGIES
11.15 TEXEL AIR MIDDLE EAST
- 11.15.1 COMPANY OVERVIEW
- 11.15.2 FINANCIAL OVERVIEW
- 11.15.3 PRODUCTS OFFERED
- 11.15.4 KEY DEVELOPMENTS
- 11.15.5 SWOT ANALYSIS
- 11.15.6 KEY STRATEGIES