Aircraft MRO Trends and Forecast
The future of the global aircraft MRO market looks promising with opportunities in the engine overhaul, airframe maintenance, line maintenance, modification, and component markets. The global aircraft MRO market is expected to reach an estimated $94.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing business and tourism travel combined with rising economic growth in emerging nations, rise in investments in aircraft (maintenance, repair and overhaul) MRO software, as well as, increasing development programs for the modernization of aircraft.Aircraft MRO by Segment
The study includes a forecast for the global aircraft MRO by service type, organization type, aircraft type, aircraft generation, and region.Aircraft MRO Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
Aircraft MRO Market by Organization Type [Shipment Analysis by Value from 2018 to 2030]:
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
Aircraft MRO Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
Aircraft MRO Market by Aircraft Generation [Shipment Analysis by Value from 2018 to 2030]:
- Old Generation
- Mid Generation
- New Generation
Aircraft MRO Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Aircraft MRO Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft MRO companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the aircraft MRO companies profiled in this report include:
- AAR Corporation
- Airbus
- Delta Airlines
- Lufthansa Technik
- Raytheon Technologies Corporation
- Singapore Technologies Engineering
- TAP Maintenance & Engineering
Aircraft MRO Market Insights
The publisher forecasts that narrow body is expected to witness the highest growth over the forecast period.Within this market, engine overhaul is expected to witness the highest growth.
APAC will remain the largest region over the forecast period due to rising numbers of middle-class travelers and increased air travel throughout the Asia-Pacific region, particularly in APAC nations like China, Singapore, and India.
Features of the Global Aircraft MRO Market
- Market Size Estimates: Aircraft MRO market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Aircraft MRO market size by service type, organization type, aircraft type, aircraft generation, and region in terms of value ($B).
- Regional Analysis: Aircraft MRO market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different service type, organization type, aircraft type, aircraft generation, and regions for the aircraft MRO market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft MRO market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aircraft MRO market size?Answer: The global aircraft MRO market is expected to reach an estimated $94.5 billion by 2030.
Q2. What is the growth forecast for aircraft MRO market?
Answer: The global aircraft MRO market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aircraft MRO market?
Answer: The major drivers for this market are growing business and tourism travel combined with rising economic growth in emerging nations, rise in investments in aircraft (maintenance, repair and overhaul) MRO software, as well as, increasing development programs for the modernization of aircraft.
Q4. What are the major segments for aircraft MRO market?
Answer: The future of the global aircraft MRO market looks promising with opportunities in the engine overhaul, airframe maintenance, line maintenance, modification, and component markets.
Q5. Who are the key aircraft MRO market companies?
Answer: Some of the key aircraft MRO companies are as follows:
- AAR Corporation
- Airbus
- Delta Airlines
- Lufthansa Technik
- Raytheon Technologies Corporation
- Singapore Technologies Engineering
- TAP Maintenance & Engineering
Answer: The publisher forecasts that narrow body is expected to witness the highest growth over the forecast period.
Q7. In aircraft MRO market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising numbers of middle-class travelers and increased air travel throughout the Asia-Pacific region, particularly in APAC nations like China, Singapore, and India.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft MRO market by service type (engine overhaul, airframe maintenance, line maintenance, modification, and components), organization type (airline/operator MRO, independent MRO, and original equipment manufacturer (OEM) MRO), aircraft type (narrow-body, wide-body, regional jet, and others), aircraft generation (old generation, mid generation, and new generation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Aircraft MRO Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- AAR Corporation
- Airbus
- Delta Airlines
- Lufthansa Technik
- Raytheon Technologies Corporation
- Singapore Technologies Engineering
- TAP Maintenance & Engineering
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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