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Aircraft MRO market forecast to 2023 published by leading research firm

Aircraft MRO market forecast to 2023 published by leading research firm

Global Aircraft MRO Market Information Report by MRO Type (Engine, Component, Line Maintenance, Airframe, and Modifications), By Aircraft type (Narrow-body, Wide-body, and Others), By Application (Commercial Air Transport, Business and General Aviation, and Military Aviation) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Forecast to 2023

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Exclusive Summery About Report:

According to the recent study report – “Global Aircraft MRO Market” published by Market Research Future, Aircraft MRO Market will witness a steady growth registering a CAGR of 2% globally, during the forecast period 2016 – 2021.        

The factors driving the demand are additive manufacturing used in aircraft parts, ageing fleets & replacement opportunities, air traffic volume, and outsourcing for aircraft maintenance, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures and widely spread over 103 pages.

While enlightening us upon the factor restraining the market growth, the MRFR Research Analyst continues, the higher replacement cost due to usage of composites and smart electronics, technological advancement in aircraft design, and environmental hazards are some of the factors hindering with the market growth of Aircraft MRO market globally.

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Aircraft MRO Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • Airbus Group,
  • Air France KLM Engineering & Maintenance,
  • Air Works,
  • Delta TechOps,
  • HAECO,
  • Honeywell International,
  • GMF AeroAsia,
  • Lufthansa Technik,
  • Jet Maintenance Solutions,
  • ST Aerospace..

In 2016, Airbus Group, Air France KLM Engineering & Maintenance, Lufthansa Technik, and ST Aerospace accounted for over 35% of the global market.

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Global Aircraft MRO Market – Synopsis & Scenario

The global MRO market is expected to grow with A CAGR of 2 %, during the forecast period 2016 – 2021.        

The current commercial air transport fleet consists of over 27K aircraft; over half are narrow body aircraft. The combination of strong air travel demand and the need to replace ageing aircraft will drive fleet growth at a healthy CAGR.

Continued low fuel costs could reverse aircraft retirements trends.

Modifications market will see the strongest growth (e.g. interiors, connectivity). Airframe market slows due to reduced man-hour intensity and increased check intervals as new fleets are introduced

Aircraft MRO Market – Regional and Country Analysis

As per the MRFR analysis, the EMEA region will continue its dominance in the forecast period valuing billions of USD, at a CAGR of 5%.

Whereas, Americas will grow at a decent rate of CAGR and , APAC will grow at a CAGR of 2.5%, respectively during the forecast period.

The Latin American MRO Supplier Landscape largely consists of airframe MRO suppliers, with limited component capabilities

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Table of Content

1   Executive Summary  

2   Introduction  

2.1   Definition  

2.2   Scope of the Study  

2.3   Assumptions  

2.4   Market Structure  

2.5   Key Takeaways of the Market  

3   Research Methodology  

3.1   Research Process  

3.2   Primary Research  

3.3   Secondary Research  

3.4   Market Size Estimation  

3.5   Forecast Model  

4   Market Dynamics  

4.1   Market Dynamics  

4.2   Drivers  

4.2.1   Rapid Fleet Expansion  

4.2.2   MRO Outsourcing  

4.2.3   Increased Focus of OEMs on Aircraft MRO Service  

4.3   Restraints  

4.3.1   Environmental Hazards  

4.3.2   Retirement of Maintenance-Intensive Aircraft  

4.3.3   Development of Next-Generation Aircraft  

4.4   Opportunities  

4.4.1   IT Integration in MRO  

4.4.2   Evolution of 3D printing  

5   Market Factor Analysis   27

5.1   Porter's Five Forces Analysis  

5.1.1   Threat of New Entrants  

5.1.2   Bargaining Power of Suppliers  

…………..Continued

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