“Aviation MRO Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aviation mro market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for aviation mro? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aviation mro market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Service Type: Engine Overhaul; Airframe Maintenance; Line Maintenance; Modification; Other Service Types
- 2) By Aircraft Type: Narrow Body; Wide Body; Regional Jet; Other Aircraft Types
- 3) By End User: Original Equipment Manufacturer (OEM); Aircraft Operator; Other End Users
- Companies Mentioned: Delta Airlines Inc.; AAR Corp.; Hong Kong Aircraft Engineering Company Limited; Airbus SE; Singapore Technologies Engineering Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the aviation MRO market are Delta Airlines Inc., AAR Corp., Hong Kong Aircraft Engineering Company Limited, Airbus SE, Singapore Technologies Engineering Limited, KLM UK Engineering Limited, Lufthansa Technik AG, MTU Aero Engines AG, Raytheon Technologies Corporation, SIA Engineering Company Limited, TAP Maintenance & Engineering (TAP Air Portugal), SR Technics AG, British Airways Ltd., Air-France Industries KLM Engineering & Maintenance Group, Bombardier Inc., GE Aviation Inc. and L3Harris Technologies Inc.
The global aviation MRO market is expected to grow from $68.31 billion in 2022 to $73.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity pricesand supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aviation MRO market is expected to reach $95.40 billion in 2027 at a CAGR of 6.8%.
The aircraft MRO market includes revenues earned by entities by providing services such as inspection, repairand maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Aircraft MRO (maintenance, repairand overhaul) refers to services provided to the aircraft to make sure the aircraft is in good condition. It includes all the repair and maintenance services required for aircraft.
North America was the largest region in the aviation MRO market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of aviation MRO are engine overhaul, airframe maintenance, line maintenance, modificationand other services. Engine overhaul refers to a process of repairing an engine in which an aircraft engine is either fully dismantled and then repaired or repaired on the spot. The various aircraft types include narrow-body, wide-body, regional jetand other aircraft. These are used by various end users such as original equipment manufacturer (OEM), aircraft operatorsand other end users.
Growing air travel is expected to propel the growth of the aviation MRO market going forward. Air travel refers to traveling from one place to other by aircraft. Aviation MRO provides maintenance and repair services for aircraft which keeps the flights fit and in flyable condition at all times which is essential considering air travel is the most preferred mode of transport for international trips. For instance, in April 2022, according to the International Air Transport Association, a Canada-based international trade union of international airlinesand the demand for air travel increased by 78.7% as compared to April 2021. Furthermore, the association expects the total number of passengers to reach 7.8 billion by 2036. Therefore, the increasing air travel is driving the aviation MRO market.
Technological innovations are a key trend gaining popularity in the aviation MRO market. Major companies in the market are introducing innovative products such as Traxxall cloud-based MRO modules to sustain their position in the market. For instance, in September 2021, Traxxall, a US-based maintenance software company, launched its new MRO module for aircraft maintenance tracking, workforceand accounting. The new module is based on cloud technology and provides comprehensive visibility for ongoing projects, resource allocation, labor costsand billing.
In January 2023, Airbus Helicopters, a France-based manufacturer of commercial helicopters and airliners acquired ZF Luftfahrttechnik for an undisclosed amount. The acquisition broadens the company's MRO capabilities and improves its value proposition for its stakeholders. ZF Luftfahrttechnik is a Germany-based helicopter MRO services provider.
The countries covered in the aviation MRO market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aviation MRO market research report is one of a series of new reports from The Business Research Company that provides aviation MRO market statistics, including aviation MRO industry global market size, regional shares, competitors with an aviation MRO market share, detailed aviation MRO market segments, market trendsand opportunitiesand any further data you may need to thrive in the aviation MRO industry. This aviation MRO market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Aviation MRO Market Characteristics
3. Aviation MRO Market Trends And Strategies
4. Aviation MRO Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Aviation MRO Market
- 4.2. Ukraine-Russia War Impact On Aviation MRO Market
- 4.3. Impact Of High Inflation On Aviation MRO Market
5. Aviation MRO Market Size And Growth
- 5.1. Global Aviation MRO Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Aviation MRO Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Aviation MRO Market Segmentation
- 6.1. Global Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Other Service Types
- 6.2. Global Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Narrow Body
- Wide Body
- Regional Jet
- Other Aircraft Types
- 6.3. Global Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Original Equipment Manufacturer (OEM)
- Aircraft Operator
- Other End Users
7. Aviation MRO Market Regional And Country Analysis
- 7.1. Global Aviation MRO Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Aviation MRO Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Aviation MRO Market
- 8.1. Asia-Pacific Aviation MRO Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Aviation MRO Market
- 9.1. China Aviation MRO Market Overview
- 9.2. China Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Aviation MRO Market
- 10.1. India Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Aviation MRO Market
- 11.1. Japan Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Aviation MRO Market
- 12.1. Australia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Aviation MRO Market
- 13.1. Indonesia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Aviation MRO Market
- 14.1. South Korea Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Aviation MRO Market
- 15.1. Western Europe Aviation MRO Market Overview
- 15.2. Western Europe Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Aviation MRO Market
- 16.1. UK Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Aviation MRO Market
- 17.1. Germany Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Aviation MRO Market
- 18.1. France Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Aviation MRO Market
- 19.1. Eastern Europe Aviation MRO Market Overview
- 19.2. Eastern Europe Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Aviation MRO Market
- 20.1. Russia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Aviation MRO Market
- 21.1. North America Aviation MRO Market Overview
- 21.2. North America Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Aviation MRO Market
- 22.1. USA Aviation MRO Market Overview
- 22.2. USA Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Aviation MRO Market
- 23.1. South America Aviation MRO Market Overview
- 23.2. South America Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Aviation MRO Market
- 24.1. Brazil Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Aviation MRO Market
- 25.1. Middle East Aviation MRO Market Overview
- 25.2. Middle East Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Aviation MRO Market
- 26.1. Africa Aviation MRO Market Overview
- 26.2. Africa Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Aviation MRO Market Competitive Landscape And Company Profiles
- 27.1. Aviation MRO Market Competitive Landscape
- 27.2. Aviation MRO Market Company Profiles
- 27.2.1. Delta Airlines Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. AAR Corp.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Hong Kong Aircraft Engineering Company Limited
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Airbus SE
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Singapore Technologies Engineering Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aviation MRO Market
29. Aviation MRO Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer