PUBLISHER: TechSci Research | PRODUCT CODE: 1272807
PUBLISHER: TechSci Research | PRODUCT CODE: 1272807
Europe Aircraft Maintenance Repair Overhaul Market By Aircraft Type, By Component, By End User, By Country, Competition Forecast and Opportunities, 2028
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Europe Aircraft Maintenance Repair Overhaul (MRO) Market is forecast to grow at a steady rate on account of the increasing trend toward digitization in the maintenance industry.
A necessary and inevitable component of every business is the maintenance, repair, and overhaul (MRO) services. A properly maintained aircraft or one of its parts can assist its businesses in avoiding serious threats to its operation. Therefore, many organizations in the aviation sector concentrate primarily on developing suitable business processes and infrastructure. Airbus, Boeing, and other manufacturing companies are driven to boost production levels and provide maintenance services for their aircraft as a result of the growing demand for air travel in Europe. There are several factors that are expected to drive Europe aircraft MRO market expansion, including rapid urbanization, rising economies, particularly in emerging nations, as well as a rise in business and tourism travel. Europe is the world's most visited place, accounting for more than 682 million domestic travelers in 2019. It is anticipated that air travel in Europe will grow in the upcoming years. External factors such as fleet size, aircraft utilization, and air traffic volumes will have a significant impact on the industry. Additionally, it is influenced by large investments in original equipment manufacturer services. As a result, the fleet size of existing aircraft is growing.
The COVID-19 epidemic has caused the economic growth of every nation to slow down. This economic slowdown had a big influence on the aviation industry. All of the major nations in Europe, Asia, and North America have severely curtailed economic activity as well as the movement of people and products due to the COVID-19 pandemic, thereby restraining the growth of the Europe aircraft MRO industry's growth.
Increasing Demand for Aircraft Maintenance, Repair, and Overhaul Services
The need for airline MRO services is rising along with the aviation industry's recent rapid expansion. The emerging economies in Europe place a strong emphasis on offering MRO services to both commercial and military aircraft manufacturers. The adoption of aircraft maintenance services is being driven by aviation infrastructure, economic growth, and an increase in passenger volume. Additionally, a growing middle-class population is the primary driver of the increase in air travel, which is raising demand for aircraft MRO services in the Europe region. Germany and France dominate the region, owing to its established MRO hubs and increasing number of passenger visits, thereby driving the Europe aircraft MRO services across the region.
Advancements in Digital Technology
Generally, maintenance expenses in the aviation sector are higher than fuel expenses. Airlines need to adopt digital technology platforms to track physical problems such as engines and cockpit controls in real-time, which will help them plan maintenance procedures due to the steep increase in maintenance expenses. This enables them to create a continuous stream of data flowing through various supply chain levels. Data-driven technologies such as data analytics, which aid in tracking aircraft MRO activities in real-time, will also improve the crew and passenger air travel experience. These technologies easily conduct checks and perform necessary maintenance and repairs on the aircraft. Owing to all these factors, Europe aircraft MRO market is anticipated to grow in upcoming years.
Increasing trend toward Original Equipment Manufacturers' (OEMs) services
OEM manufacturers are considering MRO as a major source of revenue in the aircraft maintenance market. OEMs have experience constructing aircraft fleets and are leveraging this position to generate more income through aftermarket services. As a result, there will be more delays in service and maintenance due to fewer organizations which can hamper the growth of the aircraft MRO market.
Market Segmentation
The Europe Aircraft MRO Market is segmented on the basis of aircraft type, component, end-user, and country. Based on aircraft type, the market is segmented into fixed-wing aircraft and rotary-wing aircraft. On the basis of components, the market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. Based on end-user, the market is divided into commercial, military, aviation. On the basis of Country wise segmentation in Europe, the market is divided into Germany, Russia, France, Spain, Italy, United Kingdom, Poland, Slovakia, Netherlands, and Norway.
Company Profiles
AAR Corp., Barnes Group Inc, GE Aviation, FL Technics UAB., Safran SA, Lufthansa Technik, Delta TechOps, Rolls-Royce plc., Collins Aerospace, and Bombardier Inc. are the key players developing advanced technologies to stay competitive in the market and enhance their product portfolio in the region to increase their customer outreach.
Report Scope:
In this report, Europe Aircraft MRO Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Europe Aircraft MRO Market, By Aircraft Type:
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Europe Aircraft MRO Market, By Component:
- Engine MRO
- Avionics MRO
- Airframe MRO
- Cabin MRO
- Landing Gear MRO
- Others
Europe Aircraft MRO Market, By End User:
- Commercial
- Military
- Aviation
Europe Aircraft MRO Market, By Country:
- Europe
- Germany
- Russia
- France
- Spain
- Italy
- United Kingdom
- Poland
- Slovakia
- Netherland
- Norway
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe Aircraft MRO Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
- 1.1. Product Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Market Overview
- 3.2. Market Forecast
- 3.3. Key Regions
- 3.4. Key Segments
4. Impact of COVID-19 on Europe Aircraft MRO Market
- 4.1. Key Segments Impacted
- 4.2. Key Regions Impacted
- 4.3. Key Countries Impacted
5. Voice of Customer Analysis
- 5.1. Factors Influencing Purchase Decision
- 5.2. Brand Awareness
- 5.3. Challenges/Issues Faced Post Purchase
6. Europe Aircraft MRO Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Aircraft Type Market Share Analysis (Fixed Wing Aircraft, Rotary Wing Aircraft)
- 6.2.2. By Component Market Share Analysis (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others)
- 6.2.3. By End User Market Share Analysis (Commercial, Military, Aviation)
- 6.2.4. By Country Market Share Analysis
- 6.2.5. By Company Market Share Analysis (By Value, 2022)
- 6.3. Europe Aircraft MRO Market Mapping & Opportunity Assessment
- 6.3.1. By Aircraft Type Market Mapping & Opportunity Assessment
- 6.3.2. By Component Mapping & Opportunity Assessment
- 6.3.3. By End User Mapping & Opportunity Assessment
- 6.3.4. By Country Market Mapping & Opportunity Assessment
7. Europe: Country Analysis
- 7.1. United Kingdom Aircraft MRO Market Outlook
- 7.1.1. Market Size & Forecast
- 7.1.1.1. By Value
- 7.1.2. Market Share & Forecast
- 7.1.2.1. By Aircraft Type Market Share Analysis
- 7.1.2.2. By Component Market Share Analysis
- 7.1.2.3. By End User Market Share Analysis
- 7.1.1. Market Size & Forecast
- 7.2. France Aircraft MRO Market Outlook
- 7.2.1. Market Size & Forecast
- 7.2.1.1. By Value
- 7.2.2. Market Share & Forecast
- 7.2.2.1. By Aircraft Type Market Share Analysis
- 7.2.2.2. By Component Market Share Analysis
- 7.2.2.3. By End User Market Share Analysis
- 7.2.1. Market Size & Forecast
- 7.3. Germany Aircraft MRO Market Outlook
- 7.3.1. Market Size & Forecast
- 7.3.1.1. By Value
- 7.3.2. Market Share & Forecast
- 7.3.2.1. By Aircraft Type Market Share Analysis
- 7.3.2.2. By Component Market Share Analysis
- 7.3.2.3. By End User Market Share Analysis
- 7.3.1. Market Size & Forecast
- 7.4. Russia Aircraft MRO Market Outlook
- 7.4.1. Market Size & Forecast
- 7.4.1.1. By Value
- 7.4.2. Market Share & Forecast
- 7.4.2.1. By Aircraft Type Market Share Analysis
- 7.4.2.2. By Component Market Share Analysis
- 7.4.2.3. By End User Market Share Analysis
- 7.4.1. Market Size & Forecast
- 7.5. Spain Aircraft MRO Market Outlook
- 7.5.1. Market Size & Forecast
- 7.5.1.1. By Value
- 7.5.2. Market Share & Forecast
- 7.5.2.1. By Aircraft Type Market Share Analysis
- 7.5.2.2. By Component Market Share Analysis
- 7.5.2.3. By End User Market Share Analysis
- 7.5.1. Market Size & Forecast
- 7.6. Poland Aircraft MRO Market Outlook
- 7.6.1. Market Size & Forecast
- 7.6.1.1. By Value
- 7.6.2. Market Share & Forecast
- 7.6.2.1. By Aircraft Type Market Share Analysis
- 7.6.2.2. By Component Market Share Analysis
- 7.6.2.3. By End User Market Share Analysis
- 7.6.1. Market Size & Forecast
- 7.7. Italy Aircraft MRO Market Outlook
- 7.7.1. Market Size & Forecast
- 7.7.1.1. By Value
- 7.7.2. Market Share & Forecast
- 7.7.2.1. By Aircraft Type Market Share Analysis
- 7.7.2.2. By Component Market Share Analysis
- 7.7.2.3. By End User Market Share Analysis
- 7.7.1. Market Size & Forecast
- 7.8. Slovakia Aircraft MRO Market Outlook
- 7.8.1. Market Size & Forecast
- 7.8.1.1. By Value
- 7.8.2. Market Share & Forecast
- 7.8.2.1. By Aircraft Type Market Share Analysis
- 7.8.2.2. By Component Market Share Analysis
- 7.8.2.3. By End User Market Share Analysis
- 7.8.1. Market Size & Forecast
- 7.9. Netherlands Aircraft MRO Market Outlook
- 7.9.1. Market Size & Forecast
- 7.9.1.1. By Value
- 7.9.2. Market Share & Forecast
- 7.9.2.1. By Aircraft Type Market Share Analysis
- 7.9.2.2. By Component Market Share Analysis
- 7.9.2.3. By End User Market Share Analysis
- 7.9.1. Market Size & Forecast
- 7.10. Norway Aircraft MRO Market Outlook
- 7.10.1. Market Size & Forecast
- 7.10.1.1. By Value
- 7.10.2. Market Share & Forecast
- 7.10.2.1. By Aircraft Type Market Share Analysis
- 7.10.2.2. By Component Market Share Analysis
- 7.10.2.3. By End User Market Share Analysis
- 7.10.1. Market Size & Forecast
8. Market Dynamics
- 8.1. Market Drivers
- 8.2. Market Challenges
9. Market Trends and Developments
10. Porter's Five Forces Model
- 10.1. Competitive Rivalry
- 10.2. Bargaining Power of Suppliers
- 10.3. Bargaining Power of Buyers
- 10.4. Threat of New Entrants
- 10.5. Threat of Substitutes
11. SWOT Analysis
- 11.1. Strength
- 11.2. Weakness
- 11.3. Opportunities
- 11.4. Threats
12. Competitive Landscape
- 12.1. Company Profiles
- 12.1.1. AAR Corp.
- 12.1.1.1. Company Details
- 12.1.1.2. Products & Services
- 12.1.1.3. Financial (As Reported)
- 12.1.1.4. Recent Development
- 12.1.1.5. Key Management Personnel
- 12.1.2. Barnes Group Inc
- 12.1.2.1. Company Details
- 12.1.2.2. Products & Services
- 12.1.2.3. Financial (As Reported)
- 12.1.2.4. Recent Development
- 12.1.2.5. Key Management Personnel
- 12.1.3. GE Aviation
- 12.1.3.1. Company Details
- 12.1.3.2. Products & Services
- 12.1.3.3. Financial (As Reported)
- 12.1.3.4. Recent Development
- 12.1.3.5. Key Management Personnel
- 12.1.4. FLTechnics, UAB.
- 12.1.4.1. Company Details
- 12.1.4.2. Products & Services
- 12.1.4.3. Financial (As Reported)
- 12.1.4.4. Recent Development
- 12.1.4.5. Key Management Personnel
- 12.1.5. Safran SA
- 12.1.5.1. Company Details
- 12.1.5.2. Products & Services
- 12.1.5.3. Financial (As Reported)
- 12.1.5.4. Recent Development
- 12.1.5.5. Key Management Personnel
- 12.1.6. Lufthansa Technik
- 12.1.6.1. Company Details
- 12.1.6.2. Products & Services
- 12.1.6.3. Financial (As Reported)
- 12.1.6.4. Recent Development
- 12.1.6.5. Key Management Personnel
- 12.1.7. Delta TechOps
- 12.1.7.1. Company Details
- 12.1.7.2. Products & Services
- 12.1.7.3. Financial (As Reported)
- 12.1.7.4. Recent Development
- 12.1.7.5. Key Management Personnel
- 12.1.8. Rolls-Royce plc.
- 12.1.8.1. Company Details
- 12.1.8.2. Products & Services
- 12.1.8.3. Financial (As Reported)
- 12.1.8.4. Recent Development
- 12.1.8.5. Key Management Personnel
- 12.1.9. Collins Aerospace
- 12.1.9.1. Company Details
- 12.1.9.2. Products & Services
- 12.1.9.3. Financial (As Reported)
- 12.1.9.4. Recent Development
- 12.1.9.5. Key Management Personnel
- 12.1.10. Bombardier Inc.
- 12.1.10.1. Company Details
- 12.1.10.2. Products & Services
- 12.1.10.3. Financial (As Reported)
- 12.1.10.4. Recent Development
- 12.1.10.5. Key Management Personnel
- 12.1.1. AAR Corp.
13. Strategic Recommendations
- 13.1. Key Focus Areas
- 13.2. Target Regions & Countries
- 13.3. Target Aircraft Type
14. About Us & Disclaimer
