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Aircraft Component MRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4763104
  • Report
  • April 2019
  • Region: Global
  • 96 pages
  • IMARC Group
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FEATURED COMPANIES

  • AAR Corp. (U.S.)
  • Barnes Aerospace (U.S.)
  • Delta TechOps (U.S.)
  • HAECO (Japan)
  • ST Aerospace (Singapore)
  • MORE
The global aircraft component MRO market was worth US$ 16.2 Billion in 2018. Aircraft component MRO, also known as maintenance, repair and overhaul, is a set of administrative, managerial, and supervision activities. They are employed for restoring aircraft components to their original state of performance and function. MRO in the aeronautical industry has strict and precise requirements stated by the airworthiness authorities to guarantee the safety of cargo, passengers and aircrew. It plays a vital role in maintaining product quality, reliability and availability. The services encompass components including mechanical actuators, avionics and electronics, fuel systems and carburetors, and landing gear and auxiliary power units (APUs).

Market Trends:

Over the past few years, airline operators and OEMs have been using radio-frequency identification (RFID) in the commercial aerospace component MRO market to enhance the cost-effectiveness of the services provided by them. However, airline companies are now outsourcing these activities to third-party organizations for contract organizations. As aircraft component MRO accounts for a significant portion of airline expenses, this trend has created numerous growth opportunities in the market. In addition to this, improving economic conditions in regions like the Middle East, Asia and Africa has led to the demand for low-cost air travel services. Apart from this, the introduction of innovative software technologies has helped OEMs in fulfilling the airworthiness standards of EASA and FAA. Such software programs offer features like labor-hour tracking, maintenance scheduling, and service bulletins for airline operators and service providers. According to the publisher, the market is expected to reach a value of US$ 18.6 Billion by 2024, at a projected CAGR of 2.3% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Aircraft Type:
Narrow Body
Wide-Body
Regional Jets/Turboprop

Market Breakup by Component:
Fuselage
Empennage
Landing Gear
Wings
Engine
Others

Market Breakup by Application:
Commercial Air Transport
Business and General Aviation
Military Aviation

Market Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Delta TechOps (U.S.), Lufthansa Technik AG (Germany), Air France Industries KLM Engineering & Maintenance (France), HAECO (Japan), Honeywell International (U.S.), ST Aerospace (Singapore), AAR Corp.(U.S.), Barnes Aerospace (U.S.), FL Technics (Lithuania), Turkish Technic, Inc. (Turkey), etc.

Key Questions Answered in This Report:
  • How has the global aircraft component MRO market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global aircraft component MRO industry?
  • What is the breakup of the market based on the aircraft type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global aircraft component MRO industry?
  • What are the key driving factors and challenges in the global aircraft component MRO industry?
  • What is the structure of the global aircraft component MRO industry and who are the key players?
  • What is the degree of competition in the global aircraft component MRO industry?
  • What are the profit margins in the global aircraft component MRO industry?
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • AAR Corp. (U.S.)
  • Barnes Aerospace (U.S.)
  • Delta TechOps (U.S.)
  • HAECO (Japan)
  • ST Aerospace (Singapore)
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Aircraft Component MRO Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Aircraft Type
5.4 Market Breakup by Component
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast

6 Market Breakup by Aircraft Type
6.1 Narrow-Body
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wide-Body
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Regional Jets/Turboprop
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Component
7.1 Fuselage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Empennage
7.3.1 Market Trends
7.3.2 Market Forecast
7.3 Landing Gear
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Wings
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Engine
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Application
8.1 Commercial Air Transport
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Business and General Aviation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Military Aviation
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Region
9.1 Europe
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Delta TechOps (U.S.)
14.3.2 Lufthansa Technik AG (Germany)
14.3.3 Air France Industries KLM Engineering & Maintenance (France)
14.3.4 HAECO (Japan)
14.3.5 Honeywell International (U.S.)
14.3.6 ST Aerospace (Singapore)
14.3.7 AAR Corp. (U.S.)
14.3.8 Barnes Aerospace (U.S.)
14.3.9 FL Technics (Lithuania)Anker
14.3.10 Turkish Technic, Inc. (Turkey)

*List of Tables and Figures are available on enquiry
Note: Product cover images may vary from those shown
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  • Delta TechOps (U.S.)
  • Lufthansa Technik AG (Germany)
  • Air France Industries KLM Engineering & Maintenance (France)
  • HAECO (Japan)
  • Honeywell International (U.S.)
  • ST Aerospace (Singapore)
  • AAR Corp. (U.S.)
  • Barnes Aerospace (U.S.)
  • FL Technics (Lithuania)Anker
  • Turkish Technic Inc. (Turkey)
Note: Product cover images may vary from those shown
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