Aircraft MRO Market size was valued at USD 77.02 Bn. in 2022 and the total revenue is expected to grow at 4.9% through 2023 to 2029, Aircraft MRO Market is reaching nearly USD 107.66 Bn. by 2029.
Aircraft MRO Market Overview:
Aircraft MRO Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Aircraft MRO market study also gives information on the leading businesses functioning in the Aircraft MRO industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Aircraft MRO market in both global and regional markets.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Transportation Management System market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Transportation Management System market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Market Dynamics:
International air passenger traffic is anticipated to decline by 50-55% in 2020 compared to the base year, according to the most recent updates from IATA, ICAO, the Airports Council International (ACI), the United Nations World Tourism Organisation (UNWTO), the World Trade Organisation (WTO), and the International Monetary Fund (IMF). The airline revenue-per-kilometer (RPK) is anticipated to decrease by 48% from 2019 levels. The airlines are predicted to lose between USD 289 million and USD 387 billion in gross operating revenues. The most active regions are anticipated to be in Europe and Asia-Pacific.
Segmentation:
by Service Type
Engine Overhaul
Airframe Maintenance
Line Maintenance
Modification
Components
by Aircraft Type
Narrow-Body
Wide-Body
Regional Jet
Others
The market is divided into Engine overhaul, airframe maintenance, line maintenance, modification, and components based on the type of service provided. By the end of 2026, the line maintenances market is anticipated to be worth USD $ 8.9 billion. Aspects of aircraft line maintenance include checking for issues on the aircraft body, identifying them, and fixing them. Periodic repairs and significant aircraft maintenance are also a component of the business. Line maintenance and planning, which was previously preferred to be kept in-house, has accounted for a larger share of MRO outsourcing in recent years. This is because several carriers have moved heavy and base maintenance work to emerging regions, primarily Asia, because they offer cheaper and more effective services.
The market is further divided into narrow body, wide body, regional jet, and other aircraft types. The narrow body commercial aviation MRO industry is anticipated to generate USD 55 billion in sales in 2029. Smaller aircraft used for short-haul domestic and cross-border flights are narrow body aircraft, also referred to as single-aisle aircraft. A narrow body aircraft is limited to short-distance flight due to its small size and can accommodate up to 295 passengers. Both individual and commercial narrow body aircraft are very important to the market. The building sector would generate much more revenue if such aircraft were used more frequently.
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Regional Analysis:
The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.
Key players:
1.AAR Corp
2.Air-France Industries KLM Engineering & Maintenance
3.Bombardier Inc.
4.Delta TechOps
5.GE Aviation
6.Hong Kong Aircraft Engineering Co. Ltd.
7.Lufthansa Technik
8.MTU Aero Engines AG
9.Triumph Group, Inc
10.Airgas, Inc. (Air Liquide S.A.)
11.WESCO International, Inc.
12.Sonepar SA
13.W.W. Grainger, Inc.
14.Interline Brands, Inc.
15.Motion Industries
16.Greenwich Aero Group
17.Abu Dhabi Aircraft Technologies
18.Turkish Technic
The study gives a complete assessment of the presence of the Aircraft MRO market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Aircraft MRO Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.
Global Aircraft MRO Market research report offers:
- The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
- Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
- Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
- In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
- These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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