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Europe Aircraft Wheel and Brake M.R.O Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (Europe)

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    Report

  • 180 Pages
  • September 2024
  • Region: Europe
  • Fairfield Market Research
  • ID: 5998384
Europe's aircraft wheel and brake maintenance, repair, and overhaul (MRO) market is poised for substantial growth, forecasted to rise from USD 3.40 billion in 2024 to USD 4.60 billion by 2031, at a CAGR of 4.40%. Driven by increasing air passenger volumes and the aviation industry's ongoing efforts to enhance fuel efficiency and reduce maintenance costs, the market for wheel and brake MRO services is set to thrive. As airlines seek to keep their fleets in top condition to ensure safety and reliability, the demand for MRO services is expected to continue its upward trajectory.

Rising Passenger Traffic Fuels Demand for MRO Services

The increase in air passenger volumes has led to a higher demand for aircraft MRO services across Europe. As more passengers take to the skies, airlines must maintain their fleets to ensure safety and efficiency. This requires regular maintenance and repairs for various aircraft components, including wheels and brakes. Airlines are also holding onto older aircraft longer due to increased passenger traffic, leading to more frequent maintenance requirements for aging fleets.

Shift to Lightweight Materials and Technological Advancements

To meet the growing demand for MRO services, providers are adapting to advancements in technology and materials. Airlines are increasingly adopting lightweight materials to improve fuel efficiency and reduce operational costs, including the use of advanced materials in the manufacturing of aircraft wheels and brakes. This shift towards modern, fuel-efficient aircraft has necessitated that MRO providers stay up to date with the latest technologies, ensuring their services can keep pace with industry needs.

Focus on Sustainability in the Aviation Sector

The aircraft wheel and brake MRO market in Europe is also seeing a growing focus on sustainability. As airlines seek to reduce their environmental impact, there is a push towards using more eco-friendly materials, reducing waste, and improving energy efficiency in the MRO process. MRO providers are developing new technologies and processes to help airlines meet these sustainability goals while ensuring the safe and efficient operation of their fleets.

Electric Brakes and Predictive Maintenance: The Future of MRO

As the aviation industry evolves, new technologies such as electric brakes and predictive maintenance systems are playing an increasingly important role. Electric brakes are gaining popularity due to their lower maintenance requirements and improved reliability compared to traditional systems. They also offer better control and enhanced safety during takeoff and landing, further driving their adoption.

Predictive maintenance technologies, which use advanced analytics and machine learning, are helping airlines identify potential maintenance issues before they become critical. This proactive approach reduces downtime, lowers maintenance costs, and ensures greater operational efficiency for airlines.

Strong Market Presence in Key European Countries

Germany, the United Kingdom, and Spain are key markets for aircraft wheel and brake MRO services in Europe. These countries benefit from the presence of prominent original equipment manufacturers (OEMs) and independent MRO service providers, positioning them as leading players in the region. On the other hand, regions with limited infrastructure or fewer independent service providers may experience slower market growth.

Commercial Segment Leads MRO Market

The aircraft wheel and brake MRO market in Europe is segmented into commercial and defense categories, with the commercial segment holding a leading share. The growing demand for air travel has increased the need for more aircraft and ground support equipment, further driving the demand for MRO services. This trend is particularly evident in high-demand countries such as Germany and the United Kingdom.

Narrow Body Aircraft Dominate MRO Demand

Narrow-body aircraft are expected to dominate the market for wheel and brake MRO services in Europe. As the most widely used type of aircraft in the region, narrow-body planes account for a significant portion of the MRO market. Their extensive use in both commercial and defense applications makes them a key driver of demand for MRO services in the region.

OEMs Lead Revenue Generation in MRO Market

Original equipment manufacturers (OEMs) are expected to dominate the European aircraft wheel and brake MRO market. Their expertise in developing innovative MRO solutions and ensuring compliance with stringent regulatory standards positions them as key players in the industry. Many OEMs are also expanding their capacity to meet growing industry demands, further solidifying their position in the market.

Key Market Players

  • Magnetic Group
  • AerFin Limited
  • Lufthansa Technik AG
  • Honeywell Aerospace
  • Airborne Maintenance & Engineering Services
  • Kellstrom Aerospace, LLC
  • C & L Aviation Group
  • A J Walter Aviation Limited
  • AAR Corp
  • Delta Airlines, Inc.
  • KLM U.K. Engineering Limited
  • MTU Aero Engines AG
  • Rotable Repairs LTD
  • TP Aerospace
  • Collins
  • Air Atlanta Aviaservices
  • World Aero
  • RRL
  • Kearsley
  • ASC - Airline Component Services
  • SkyWheels
  • FL Technics
  • Aeromates
  • TP Denmark
  • Roeder
  • UAB Baltic Maintenance
  • SR Technics Spain
  • Antavia / Ametek MRO

Europe Aircraft Wheel and Brake M.R.O. Industry Research Segmentation

By Component:

  • Wheels
  • Brake Systems

By Aircraft Type:

  • Narrow Body
  • Wide Body
  • Regional Jets
  • Others

By Aircraft Application:

  • Commercial
  • Defense

By Service Providers:

  • OEMs
  • Airline Operators
  • Independent MROs

By Country:

  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe


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Table of Contents

1. Executive Summary
1.1. Europe Aircraft Wheel and Brake M.R.O Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value , 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Europe Aircraft Wheel and Brake M.R.O Market Outlook, 2019 - 2031
3.1. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Component, Value (US$ Bn), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. Wheels
3.1.1.2. Brake Systems
3.2. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. Narrow Body
3.2.1.2. Wide Body
3.2.1.3. Regional Jets
3.2.1.4. Others
3.3. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Commercial
3.3.1.2. Defense
3.4. Europe Aircraft Wheel and Brake M.R.O Market Outlook, by Service Providers, Value (US$ Bn), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. OEMs
3.4.1.2. Airline Operators
3.4.1.3. Independent MROs
3.5. Europe Automotive Battery Management System Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
3.5.1. Key Highlights
3.5.1.1. Germany Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.2. Germany Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.3. Germany Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.4. Germany Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.5. U.K. Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.6. U.K. Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.7. U.K. Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.8. U.K. Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.9. France Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.10. France Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.11. France Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.12. France Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.13. Italy Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.14. Italy Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.15. Italy Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.16. Italy Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.17. Turkey Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.18. Turkey Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.19. Turkey Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.20. Turkey Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.21. Russia Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.22. Russia Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.23. Russia Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.24. Russia Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
3.5.1.25. Rest of Europe Automotive Battery Management System Market by Component, Value (US$ Bn), 2019 - 2031
3.5.1.26. Rest of Europe Automotive Battery Management System Market by Aircraft Type, Value (US$ Bn), 2019 - 2031
3.5.1.27. Rest of Europe Automotive Battery Management System Market by Aircraft Application, Value (US$ Bn), 2019 - 2031
3.5.1.28. Rest of Europe Automotive Battery Management System Market by Service Providers, Value (US$ Bn), 2019 - 2031
4. Competitive Landscape
4.1. by Aircraft Application vs by Aircraft Type Heatmap
4.2. Company Market Share Analysis, 2024
4.3. Competitive Dashboard
4.4. Company Profiles
4.4.1. Magnetic Group
4.4.1.1. Company Overview
4.4.1.2. Product Portfolio
4.4.1.3. Financial Overview
4.4.1.4. Business Strategies and Development
4.4.2. AerFin Limited
4.4.2.1. Company Overview
4.4.2.2. Product Portfolio
4.4.2.3. Financial Overview
4.4.2.4. Business Strategies and Development
4.4.3. Lufthansa Technik AG
4.4.3.1. Company Overview
4.4.3.2. Product Portfolio
4.4.3.3. Financial Overview
4.4.3.4. Business Strategies and Development
4.4.4. Honeywell Aerospace
4.4.4.1. Company Overview
4.4.4.2. Product Portfolio
4.4.4.3. Financial Overview
4.4.4.4. Business Strategies and Development
4.4.5. Airborne Maintenance & Engineering Services
4.4.5.1. Company Overview
4.4.5.2. Product Portfolio
4.4.5.3. Financial Overview
4.4.5.4. Business Strategies and Development
4.4.6. Kellstrom Aerospace, LLC
4.4.6.1. Company Overview
4.4.6.2. Product Portfolio
4.4.6.3. Financial Overview
4.4.6.4. Business Strategies and Development
4.4.7. C & L Aviation Group
4.4.7.1. Company Overview
4.4.7.2. Product Portfolio
4.4.7.3. Financial Overview
4.4.7.4. Business Strategies and Development
4.4.8. A J Walter Aviation Limited
4.4.8.1. Company Overview
4.4.8.2. Product Portfolio
4.4.8.3. Financial Overview
4.4.8.4. Business Strategies and Development
4.4.9. AAR Corp
4.4.9.1. Company Overview
4.4.9.2. Product Portfolio
4.4.9.3. Financial Overview
4.4.9.4. Business Strategies and Development
4.4.10. Delta Airlines, Inc.
4.4.10.1. Company Overview
4.4.10.2. Product Portfolio
4.4.10.3. Financial Overview
4.4.10.4. Business Strategies and Development
4.4.11. KLM U.K. Engineering Limited
4.4.11.1. Company Overview
4.4.11.2. Product Portfolio
4.4.11.3. Financial Overview
4.4.11.4. Business Strategies and Development
4.4.12. MTU Aero Engines AG
4.4.12.1. Company Overview
4.4.12.2. Product Portfolio
4.4.12.3. Financial Overview
4.4.12.4. Business Strategies and Development
4.4.13. Rotable Repairs LTD
4.4.13.1. Company Overview
4.4.13.2. Product Portfolio
4.4.13.3. Financial Overview
4.4.13.4. Business Strategies and Development
4.4.14. TP Aerospace
4.4.14.1. Company Overview
4.4.14.2. Product Portfolio
4.4.14.3. Financial Overview
4.4.14.4. Business Strategies and Development
4.4.15. Collins
4.4.15.1. Company Overview
4.4.15.2. Product Portfolio
4.4.15.3. Financial Overview
4.4.15.4. Business Strategies and Development
4.4.16. Air Atlanta Aviaservices
4.4.16.1. Company Overview
4.4.16.2. Product Portfolio
4.4.16.3. Financial Overview
4.4.16.4. Business Strategies and Development
4.4.17. World Aero
4.4.17.1. Company Overview
4.4.17.2. Product Portfolio
4.4.17.3. Financial Overview
4.4.17.4. Business Strategies and Development
4.4.18. RRL
4.4.18.1. Company Overview
4.4.18.2. Product Portfolio
4.4.18.3. Financial Overview
4.4.18.4. Business Strategies and Development
4.4.19. Kearsley
4.4.19.1. Company Overview
4.4.19.2. Product Portfolio
4.4.19.3. Financial Overview
4.4.19.4. Business Strategies and Development
4.4.20. ASC - Airline Component Services
4.4.20.1. Company Overview
4.4.20.2. Product Portfolio
4.4.20.3. Financial Overview
4.4.20.4. Business Strategies and Development
4.4.21. SkyWheels
4.4.21.1. Company Overview
4.4.21.2. Product Portfolio
4.4.21.3. Financial Overview
4.4.21.4. Business Strategies and Development
4.4.22. FL Technics
4.4.22.1. Company Overview
4.4.22.2. Product Portfolio
4.4.22.3. Financial Overview
4.4.22.4. Business Strategies and Development
4.4.23. Aeromates
4.4.23.1. Company Overview
4.4.23.2. Product Portfolio
4.4.23.3. Financial Overview
4.4.23.4. Business Strategies and Development
4.4.24. TP Denmark
4.4.24.1. Company Overview
4.4.24.2. Product Portfolio
4.4.24.3. Financial Overview
4.4.24.4. Business Strategies and Development
4.4.25. Roeder
4.4.25.1. Company Overview
4.4.25.2. Product Portfolio
4.4.25.3. Financial Overview
4.4.25.4. Business Strategies and Development
5. Appendix
5.1. Research Methodology
5.2. Report Assumptions
5.3. Acronyms and Abbreviations

Companies Mentioned

  • Magnetic Group
  • AerFin Limited
  • Lufthansa Technik AG
  • Honeywell Aerospace
  • Airborne Maintenance & Engineering Services
  • Kellstrom Aerospace, LLC
  • C & L Aviation Group
  • A J Walter Aviation Limited
  • AAR Corp
  • Delta Airlines, Inc.
  • KLM U.K. Engineering Limited
  • MTU Aero Engines AG
  • Rotable Repairs LTD
  • TP Aerospace
  • Collins
  • Air Atlanta Aviaservices
  • World Aero
  • RRL
  • Kearsley
  • ASC – Airline Component Services
  • SkyWheels
  • FL Technics
  • Aeromates
  • TP Denmark
  • Roeder
  • UAB Baltic Maintenance
  • SR Technics Spain
  • Antavia / Ametek MRO

Methodology

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