Aircraft MRO Market Latest Innovations, Drivers and Industry Key Events Over 2028
With the growing air traffic, carriers are more inclined toward maintaining the health of their current fleet, going for new aircraft only if they have no other option
Global Aircraft MRO Market was valued at USD 70.84 Billion in 2021 and is expected to reach USD 97.12 Billion by 2028 with a CAGR of 4.61% over the forecast period.
The global aircraft MRO is expected to grow at a significant rate due to the number of driving factors.
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Important years considered in the study are:
Historical year – 2015-2020; Base year – 2021; Forecast period** – 2022 to 2028
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Aircraft MRO Market.
Key Benefits for Aircraft MRO Market Reports
Aircraft MRO Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Aircraft MRO Marketplace for the forecast 2021– 2028.
Continuous operational efficiency gains, the rise of low-cost airlines and the growing convenience of flight booking have all contributed to the increasing number of air travel. Airlines can only get the full benefits of their respective network and fleet strategies if they have a robust and flexible maintenance regime in place. It is estimated that there were around 24,000 commercial aircraft flying in 2017. This fleet size is expected to grow to 35,000 by 2027.
Some of the key players/Manufacturers involved in the Market are:
- AAR CORP
- Delta TechOps (Delta Air Lines, Inc.)
- General Electric Company
- Hong Kong Aircraft Engineering Co. Ltd.
- Lufthansa Technik AG
- L3Harris Technologies, Inc.
- United Technologies Corporation
- SIA Engineering Company Ltd.
- TAP Maintenance & Engineering
- Singapore Technologies Engineering Ltd.
- MTU Aero Engines AG
- Rolls-Royce Holding plc
By Service Type:
· Engine Overhaul
· Airframe Maintenance
· Line Maintenance
By Organization Type:
· Airline/Operator MRO
· Independent MRO
· Original Equipment Manufacturer (OEM) MRO
By Aircraft Type:
· Regional Jet
By Aircraft Generation:
· Old Generation
· Mid Generation
New Generation Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.
PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the Aircraft MRO market.
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Aircraft MRO Market Dynamics:-
The global aircraft MRO market is expected to witness lucrative growth within the forecast period owing to the increasing fleet expansion and growing need for airframe maintenance. With the growing air traffic, carriers are more inclined toward maintaining the health of their current fleet, going for new aircraft only if they have no other option. But the cost of buying a new aircraft is considerably higher than the cost for the maintenance of the current fleet. In addition, different airports have introduced improvement processes to enhance efficiency, and several are using new technological systems to gain additional upgrades and prepare for the bigger data requirements of next-generation aircraft which in turn supplements the demand for aircraft MRO and fosters the market growth.
Table of Contents:
Report Overview: It includes major players of the global Aircraft MRO market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Aircraft MRO market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Aircraft MRO market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the global Aircraft MRO market by application, it gives a study on the consumption in the global Aircraft MRO market by application.
Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.
Company Profiles: Almost all leading players of the global Aircraft MRO market are profiled in this section. The analysts have provided information about their recent developments in the global Aircraft MRO market, products, revenue, production, business, and company.
Market Forecast by Production: The production and production value forecasts included in this section are for the global Aircraft MRO market as well as for key regional markets.
Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the global Aircraft MRO market as well as for key regional markets.
Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global Aircraft MRO market.
Key Findings: This section gives a quick look at the important findings of the research study.
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