Global Aircraft MRO Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Aircraft MRO Market is presumed to reach the market size of nearly USD 144.21 Billion by 2032 from USD 88.23 Billion in 2023 with a CAGR of 5.61% under the study period 2024-2032.

Aircraft maintenance, repair, and overhaul (MRO) refers to the comprehensive services required to ensure aircraft safety, reliability, and performance. Maintenance involves routine inspections and upkeep to prevent issues and ensure compliance with aviation regulations. Repair addresses any faults or damage identified during maintenance or operations. An overhaul is a more extensive process where major components or systems are disassembled, inspected, refurbished, or replaced. Aircraft MRO services are crucial for maintaining airworthiness, extending the aircraft's lifespan, and minimizing downtime. The MRO sector supports commercial and military aviation, adapting to technological advancements and changing industry standards.

MARKET DYNAMICS

The aircraft MRO market is propelled by the increasing global fleet of aircraft, fuelled by robust demand for air travel, which directly boosts the need for comprehensive MRO services. The rise in air cargo and passenger traffic necessitates frequent maintenance to ensure fleet reliability and safety. Additionally, advancements in aircraft technology and materials, such as integrating composite materials and advanced avionics, create opportunities for specialized MRO services and innovative maintenance solutions. Implementing predictive maintenance, enabled by data analytics and Internet of Things (IoT) technologies, offers significant growth potential by improving maintenance efficiency and reducing downtime.

Regulatory changes and stringent safety standards also drive the demand for aircraft MRO services as airlines seek to meet compliance requirements. Emerging markets, particularly in Asia-Pacific and Latin America, present lucrative opportunities for MRO providers due to the expansion of regional airlines and increasing aircraft fleets. Furthermore, the trend towards fleet modernization and introducing more fuel-efficient and environmentally friendly aircraft create opportunities for specialized MRO services that cater to new technologies and advanced systems. However, high costs associated with advanced MRO technologies and regulatory compliance can hamper aircraft MRO market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Aircraft MRO. The growth and trends of Aircraft MRO industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Aircraft MRO market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Service

Engine Overhaul
Airframe Maintenance
Line Maintenance
Modification
Components

By Organization

Airline/Operator
Independent
Original Equipment Manufacturer (OEM)

By Aircraft Type

Narrow-body
Wide-body
Regional Jet
Others

By Aircraft Generation

Old Generation
Mid Generation
New Generation

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Aircraft MRO market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Aircraft MRO market include AAR Corp, Airbus SE, Delta Airlines Inc. (Delta TechOps), Hong Kong Aircraft Engineering Company Limited, KLM U.K. Engineering Limited, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation (Previously United Technologies Corporation), Singapore Technologies Engineering Ltd., TAP Maintenance & Engineering (TAP Air Portugal). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112115574

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. AIRCRAFT MRO - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Service
- 3.7.2 Market Attractiveness Analysis By Organization
- 3.7.3 Market Attractiveness Analysis By Aircraft Type
- 3.7.4 Market Attractiveness Analysis By Aircraft Generation
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL AIRCRAFT MRO MARKET ANALYSIS BY SERVICE

5.1. Overview By Service
5.2. Historical and Forecast Data Analysis By Service
5.3. Engine Overhaul Historic and Forecast Sales By Regions
5.4. Airframe Maintenance Historic and Forecast Sales By Regions
5.5. Line Maintenance Historic and Forecast Sales By Regions
5.6. Modification Historic and Forecast Sales By Regions
5.7. Components Historic and Forecast Sales By Regions

6. GLOBAL AIRCRAFT MRO MARKET ANALYSIS BY ORGANIZATION

6.1. Overview By Organization
6.2. Historical and Forecast Data Analysis By Organization
6.3. Airline/Operator Historic and Forecast Sales By Regions
6.4. Independent Historic and Forecast Sales By Regions
6.5. Original Equipment Manufacturer (OEM) Historic and Forecast Sales By Regions

7. GLOBAL AIRCRAFT MRO MARKET ANALYSIS BY AIRCRAFT TYPE

7.1. Overview By Aircraft Type
7.2. Historical and Forecast Data Analysis By Aircraft Type
7.3. Narrow-body Historic and Forecast Sales By Regions
7.4. Wide-body Historic and Forecast Sales By Regions
7.5. Regional Jet Historic and Forecast Sales By Regions
7.6. Others Historic and Forecast Sales By Regions

8. GLOBAL AIRCRAFT MRO MARKET ANALYSIS BY AIRCRAFT GENERATION

8.1. Overview By Aircraft Generation
8.2. Historical and Forecast Data Analysis By Aircraft Generation
8.3. Old Generation Historic and Forecast Sales By Regions
8.4. Mid Generation Historic and Forecast Sales By Regions
8.5. New Generation Historic and Forecast Sales By Regions

9. GLOBAL AIRCRAFT MRO MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE AIRCRAFT MRO COMPANIES

10.1. Aircraft MRO Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF AIRCRAFT MRO INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. AAR Corp
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. Airbus SE
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Delta Airlines Inc. (Delta TechOps)
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. Hong Kong Aircraft Engineering Company Limited
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. KLM U.K. Engineering Limited
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. Lufthansa Technik
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. MTU Aero Engines AG
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. Raytheon Technologies Corporation (Previously United Technologies Corporation)
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. Singapore Technologies Engineering Ltd.
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. TAP Maintenance & Engineering (TAP Air Portugal)
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies