According to a recent research report titled “Aircraft MRO Market (By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Others; By Organization Type: Airline/Operator MRO, Independent MRO, Original Equipment Manufacturer (OEM) MRO; By Aircraft Type: Narrow-body, Wide body) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032″ published by Precedence Research, the global aircraft MRO market size is projected to touch around USD 132.25 billion by 2032 and growing at a CAGR of 5.19% over the forecast period 2023 to 2032. This comprehensive study examines various factors and their impact on the growth of the aircraft MRO market.
Key Takeaways:
- Asia Pacific led the market with the highest market share of 35% in 2022.
- By Services, the engine overhaul segment is expected to lead the market throughout the forecast period.
- By Organization Type, the independent MRO segment is expected to acquire the largest share of the market.
- By Aircraft Type, the narrow body segment dominated the market in 2022.
The report primarily focuses on the volume and value of the aircraft MRO market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.
Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2017 to 2032, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.
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The research also highlights significant progressions in both organic and inorganic growth strategies within the global aircraft MRO market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the aircraft MRO market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.
Report Scope of the Aircraft MRO Market:
| Report Coverage | Details |
| Market Size in 2023 | USD 84.52 Billion |
| Market Size by 2032 | USD 132.25 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.19% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 To 2032 |
| Segments Covered | By Service Type, By Organization Type, and By Aircraft Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Also read: Structural Health Monitoring Market Size To Grow USD 20.42 Billion by 2032
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Market Key Players
The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the aircraft MRO market.
Key Market Players:
- AAR Corp.
- Airbus SE
- Delta Airlines, Inc. (Delta TechOps)
- Hong Kong Aircraft Engineering Company Limited
- KLM U.K. Engineering Limited
- Lufthansa Technik
- MTU Aero Engines AG
- Raytheon Technologies Corporation (Previously United Technologies Corporation)
- Singapore Technologies Engineering Ltd
- TAP Maintenance & Engineering (TAP Air Portugal)
Segments Covered in the Report:
(Note*: We offer reports based on sub-segments as well. Kindly, let us know if you are interested)
By Service Type
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Others
By Organization Type
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
By Aircraft Type
- Narrow-body
- Wide body
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Content:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aircraft MRO Market
5.1. COVID-19 Landscape: Aircraft MRO Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aircraft MRO Market, By Service Type
8.1. Aircraft MRO Market, by Service Type, 2023-2032
8.1.1 Engine Overhaul
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Airframe Maintenance
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Line Maintenance
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Modification
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Aircraft MRO Market, By Organization Type
9.1. Aircraft MRO Market, by Organization Type, 2023-2032
9.1.1. Airline/Operator MRO
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Independent MRO
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Original Equipment Manufacturer (OEM) MRO
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Aircraft MRO Market, By Aircraft Type
10.1. Aircraft MRO Market, by Aircraft Type, 2023-2032
10.1.1. Narrow-body
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Wide body
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Aircraft MRO Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.1.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.1.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.2.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.2.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.3.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.3.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
Chapter 12. Company Profiles
12.1. AAR Corp.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Airbus SE
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Delta Airlines, Inc. (Delta TechOps)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hong Kong Aircraft Engineering Company Limited
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. KLM U.K. Engineering Limited
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Lufthansa Technik
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. MTU Aero Engines AG
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Raytheon Technologies Corporation (Previously United Technologies Corporation)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Singapore Technologies Engineering Ltd
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. TAP Maintenance & Engineering (TAP Air Portugal)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
This report presents a compelling investment opportunity for those interested in the global aircraft MRO market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for aircraft MRO. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2023-2030. Armed with this knowledge, you can strategically plan your market entry approaches.
Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.
Some of the key questions answered in this report:
- What is the size of the overall Aircraft MRO market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities and challenges of the Aircraft MRO market and how they are expected to impact the market?
- What are the attractive investment opportunities within the Aircraft MRO market?
- What is the Aircraft MRO market size at the regional and country-level?
- Who are the key market players and their key competitors?
- What are the strategies for growth adopted by the key players in Aircraft MRO market?
- What are the recent trends in Aircraft MRO market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Aircraft MRO market growth?
- What are the key market trends impacting the growth of Aircraft MRO market?
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