Commercial Aircraft MRO Market 2022-2028

Description

List of Tables

Global Commercial Aircraft MRO Market Size, Share & Trends Analysis Report, By MRO Services (Modifications, Airframe, Components, Engine, and Airframe) By Service Provider (OEM, Operator/Airline In-house, Airline Third Party, and Independent) and By Aircraft (Narrowbody, Widebody, Regional Jet, and Turboprop), Forecast (2022-2028).

The global commercial aircraft MRO market is anticipated to grow at a significant CAGR of nearly 4.5% during the forecast period. The major factors driving the market growth include stringent airworthiness norms and policies, and digitalization of aircraft MRO services. In addition, the increasing demand of commercial aircraft MRO for maintenance requirement for the in-service and aging fleet is further creating significant scope for the market growth. For instance, in March 2021, MTU Maintenance was awarded a contract to provide MRO services on Sichuan Airlines' V2500 and CFM56-5B engines. Sichuan Airlines operates 119 V2500 and CFM56-5B powered A319, A320, and A321 aircraft.

The global commercial aircraft MRO market is segmented based on the MRO services, service provider, and aircraft. Based on the MRO services, the market is segmented into modifications, airframe, components, engine, and others. Based on the service provider, the market is sub-segmented into the OEM, operator/airline in-house, airline third party, and independent. Based on the aircraft, the market is sub-segmented into narrowbody, widebody, regional jet, and turboprop.

The global commercial aircraft MRO market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific aircraft MRO market is expected to register a CAGR during the forecast period. The large-scale civil aviation sector of the China which witnesses a large number of flight activities every day drives the market growth. The increasing air traffic in China is likely to create demand for aircraft MRO for maintenance. For instance, according to data released by the Civil Aviation Administration of China, China's air passenger numbers increased by 6.9 percent year-on-year to reach 1.35 billion in 2019.

The major companies serving the global Commercial Aircraft MRO market include AAAR Corp, Bombardier Inc., Air-France Industries KLM Engineering & Maintenance, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd., Delta TechOps, and MTU Aero Engines AG. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, MTU Maintenance was awarded a contract to provide MRO services on Sichuan Airlines' V2500 and CFM56-5B engines. Sichuan Airlines operates 119 V2500 and CFM56-5B powered A319, A320, and A321 aircraft.

Research Methodology

The market study of the global commercial aircraft MRO market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Commercial Aircraft MRO Market Research and Analysis, By MRO Services

2. Global Commercial Aircraft MRO Market Research and Analysis, By Service Provider

3. Global Commercial Aircraft MRO Market Research and Analysis, By Aircraft

The Report Covers:

Comprehensive Research Methodology of the global Commercial Aircraft MRO market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global Commercial Aircraft MRO market.
Insights about market determinants that are stimulating the global Commercial Aircraft MRO market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2025778

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Commercial Aircraft MRO Market
Recovery Scenario of Global Commercial Aircraft MRO Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. TAP M&E
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. GE Aviation
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Lufthansa Teknik AG
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. United Technologies Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. L3Harris Technologies Inc.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Commercial Aircraft MRO Market by MRO Services
- 4.1.1. Modifications
- 4.1.2. Airframe
- 4.1.3. Components
- 4.1.4. Engine
- 4.1.5. Others
4.2. Global Commercial Aircraft MRO Market by Service Provider
- 4.2.1. OEM
- 4.2.2. Operator/Airline In-house
- 4.2.3. Airline Third Party
- 4.2.4. Independent
4.3. Global Commercial Aircraft MRO Market by Aircraft
- 4.3.1. Narrowbody
- 4.3.2. Widebody
- 4.3.3. Regional Jet
- 4.3.4. Turboprop

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. AAAR Corp
6.2. Airbus S.A.S
6.3. Air-France Industries KLM Engineering & Maintenance Co
6.4. Barnes Group Inc
6.5. Boeing Co
6.6. Bombardier Inc.
6.7. Collins Aerospace
6.8. Delta TechOps (Delta Air Lines Inc.)
6.9. Embraer S.A.
6.10. FL Technics
6.11. General Dynamics Corp.
6.12. General Electric Co
6.13. Honeywell Aerospace
6.14. Hong Kong Aircraft Engineering Company (HAECO) Ltd.
6.15. Lufthansa Technik AG
6.16. MTU Aero Engines AG
6.17. Rolls-Royce Holding PLC
6.18. Safran SA.
6.19. SIA Engineering Company Ltd
6.20. Singapore Technologies Engineering Ltd
6.21. Triumph Group Inc.