Global Aircraft MRO Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.7 % from 2018 to 2025. In 2017, the global market valuation was USD 81.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Aircraft MRO stands for nothing but maintenance, repair and overhaul. Owing to the increasing air traffic, aircraft carriers are tending towards repairing and maintaining the health of already established aircrafts, considering the fact that buying cost of aircraft is way greater than the cost needed for its maintenance and repair. 

Global Market Growth Opportunities (Revenue, Growth) By 2018-2025

Various airports have adopted efficiency-enhancing development processes and several use new technological technologies to further develop and prepare for the higher data demands of next generation aircraft, which will contribute to market expansion in the near future. Governments have pursued numerous measures to promote MRO as a strategic practice in airports. Governments are now taking various holistic approaches to ensuring that adequate area for MRO is mandatory at different airports in the state, which is boosting commercial aircraft MRO operations in the forecast period. Regionally, North America region is expected to witness high growth in the global market of aircraft MRO.

The growth of modernization of aircraft, environmental concerns, and standards and regulations for the retirement of older fleets is also expected to show importance for various engine developing programs. Many manufacturers of engines strive to develop new fleets in an efficient and cost-effective way. The rise of refurbished and used engine and non-engine maintenance components is one of the key trends in this field. Driven by the growing retirement of older planes worldwide, demand for used aircraft parts is projected to double in the next decade.

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global aircraft MRO market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aircraft MRO market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type of Service Insights: On the basis of type of service, global aircraft MRO market has been segmented into engine overhaul, airframe maintenance, line maintenance, modification, components. Among which engine overhaul segment has accounted for largest share in the global market of aircraft MRO and is expected to maintain its dominance over the forecast period. Global air traffic has been increasing at fast due to which key players and airline providers has to adopt new technologies to increase their flight movements. Engine is the most virtual and important part of an aircraft, there engine maintenance suppliers are creating great opportunities for engine MROs on routine engine maintenance checks and repairs.

By Aircraft Type Insights: On the basis of aircraft type, global aircraft MRO market has been segmented into narrow-body, wide-body, regional jet, others. Throughout 2018, narrow body aircraft hold the dominant market share, and will continue to lead throughout the forecast period. Airlines are updating their aircraft design to save fuel costs, thus increasing the number of narrow-body fuel aircraft.

Regional Analysis

The aircraft MRO market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

Asia-Pacific currently produces the most revenues in the MRO industry for commercial aircraft. MRO market in Asia is dominated by Singapore. Overspreading the achievements of the Singapore and Hong Kong industries in recent years, several other Asian countries increased their investments in MRO installations. To a certain degree, low-cost airlines in Asia have changed civil aviation. Together with its upsurge, the aviation maintenance market is changing, as companies also enter the market in countries like Indonesia and Thailand to challenge the hegemony of established players in Singapore. Government policy also plays an important role and the public of Singapore supports the aerospace industry with great prospects. In the coming years, demand for MRO centers in this area is expected to increase as the number of flights to and from Asian countries increases. Therefore many global players are creation of new centers in the region to meet the growing demand due to the huge potential of the Asia-Pacific aviation sector.

Global Aircraft MRO Market Size, Share Analysis by Region 2018

North American market for aircraft MRO is expected to witness high growth in forecast period. This growth is mainly owing to high acceptance of advanced technologies, increasing number of aircrafts in services, and rise in air traffic. Regional growth is expected to be powered by further factors, such as a rise in international trade and investment in new aircrafts. The focus on new maintenance technologies and OEMs has a major impact on market growth in North America.

Global Aircraft MRO Market Study Objective

1. To forecast the market size of aircraft MRO market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of aircraft MRO market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of aircraft MRO market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of aircraft MRO market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the aircraft MRO market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

AAR Corp, Air-France Industries KLM Engineering & Maintenance, Bombardier Inc., Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa Technik, MTU Aero Engines AG, and Triumph Group, Inc. are some of the key players in the market of aircraft MRO. The growth of the market will lead to a slow growth in the years ahead, in the participation of OEMs in the MRO industry and in the introduction and advancement of advanced technologies. Advent of low-cost and highly professional airlines shown by the ground and maintenance workers leverages airline industry commercialization throughout the globe.

Global Aircraft MRO Market Study Report Offer You!

The global aircraft MRO market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.