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Aviation MRO Logistics - Global Market Trajectory & Analytics

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    Report

  • 274 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139489

Global Aviation MRO Logistics Market to Reach $12.5 Billion by 2026


The Aviation Maintenance, Repair, Overhaul and Logistics (Aviation MRO Logistics) forms an important part of the MRO industry, representing those companies engaged in MRO of aircraft and related systems and components. The presence of MRO logistics is imperative all through the lifecycle of an aircraft, right from their introduction into service till its final disposal. The main activities of the MRO logistics sector include maintenance, repair or replacement, overhaul and logistics. The maintenance work includes the routine process of keeping the aircraft in airworthy condition. The repair and replacement activities require MRO logistics to continue repairing or replacing the damaged parts or components. The overhaul activities focus on reconditioning the aircraft systems, which may have deteriorated owing to performance degradation, wearing off or weakening of original strength of parts and components. The aerospace industry is anticipated to remain soft despite attempts to re-open the borders & economy. Airlines are unlikely to touch the pre-crisis levels in terms of passenger traffic and overall revenues. The spreading of fixed costs to more travelers is likely to reduce unit costs. However, measures to control the virus amid multiple waves of infections are anticipated to impede these gains and affect aircraft utilization rates.

Amid the COVID-19 crisis, the global market for Aviation MRO Logistics estimated at US$10.5 Billion in the year 2022, is projected to reach a revised size of US$12.5 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Civil Aviation, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$7.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Military Aviation segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 29.5% share of the global Aviation MRO Logistics market. The growing use of civil aviation is witnessing a likewise increase in the number of providers of MRO services to the sector, which is yet again generating opportunities for the growth and expansion of the aviation MRO logistics market.

The U.S. Market is Estimated at $1.8 Billion 2022, While China is Forecast to Reach $1.3 Billion by 2026


The Aviation MRO Logistics market in the U.S. is estimated at US$1.8 Billion in the year 2022. The country currently accounts for a 17.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.3 Billion in the year 2026 trailing a CAGR of 5.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the close of the analysis period. In the post COVID-19 period, aviation MRO will witness greater use of Blockchain. The use of Blockchain systems will help eliminate the need to maintain a central authority by using a chain of cryptographically protected records. The addition of the technology to existing MRO operations not only adds cost-effectiveness but also improves efficiency of the business processes. With a number of leading MRO organizations already forming alliances to provide blockchain services, and many more expected to follow their footsteps, the aircraft MRO logistics market stands to benefit in the coming years.

Business Aviation Segment to Reach $1.4 Billion by 2026


In the global Business Aviation segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$744.9 Million will reach a projected size of US$949.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$290.4 Million by the year 2026, while Latin America will expand at a 4.3% CAGR through the analysis period.

Select Competitors (Total 44 Featured):

  • CMA CGM S.A.
  • Deutsche Post AG
  • DSV Panalpina A/S
  • Expeditors International of Washington, Inc.
  • FedEx Corporation
  • Kuehne + Nagel International AG
  • Nippon Express Co., Ltd.
  • SEKO Worldwide, LLC
  • United Parcel Service, Inc.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Aviation MRO Logistics

What is the estimated value of the Global Market for Aviation MRO Logistics?

The Global Market for Aviation MRO Logistics was estimated to be valued at $10.5 Billion in 2022.

What is the growth rate of the Global Market for Aviation MRO Logistics?

The growth rate of the Global Market for Aviation MRO Logistics is 4.5%, with an estimated value of $12.5 Billion by 2026.

What is the forecasted size of the Global Market for Aviation MRO Logistics?

The Global Market for Aviation MRO Logistics is estimated to be worth $12.5 Billion by 2026.

Who are the key companies in the Global Market for Aviation MRO Logistics?

Key companies in the Global Market for Aviation MRO Logistics include CMA CGM S.A., Deutsche Post AG, DSV Panalpina A/S, Expeditors International of Washington, Inc., FedEx Corporation, Kuehne + Nagel International AG, Nippon Express Co., Ltd. and United Parcel Service, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • A Severely Battered Global Aviation Industry Struggles to Revive
  • Percentage Change (%) in Load Factor by Region of Origin and Aircraft Type: March-April 2020
  • Global Air Cargo Volume (Capacity) YOY Growth for the Months May 2020 through August 2020
  • An Insight into Aviation MRO Logistics
  • Operator Bottlenecks and Importance of MRO Logistics Companies
  • Market Prospects and Outlook
  • End-Use Segment Analysis
  • World Aviation MRO Logistics Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Civil Aviation, Military Aviation, and Business Aviation
  • Unprecedented Losses Sustained in the Supply Chain Bodes Well for Integration of Emerging Technologies like Blockchain in MRO to Enhance Resilience & Reliability: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
  • Geographic Analysis: North America and Europe Take the Lead
  • World Aviation MRO Logistics Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Aviation MRO Logistics Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Japan Canada, and Europe
  • Competitive Scenario
  • Recent Market Activity
  • Aviation MRO Logistics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • MRO & MRO Logistics Markets Strongly Influenced by Trends in Commercial Aviation Activity
  • Expected Revenue Losses in Global Aviation (In US$ Billion) for the Year 2020
  • Global Number of Airline Bankruptcies for the Years 2015, 2018, 2020 (1H)
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Stiff Defense Budgets to Impact Military MRO Logistics Market
  • Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2019
  • Leading Countries Ranked by Defense Budgets (in US$ Billion): 2019
  • Global Military MRO Market Breakdown (in %) by Aircraft Platform: 2020E
  • Escalating Maintenance Costs Offer Critical Pivot to Technology Trends Linked with MRO Logistics
  • Intriguing Benefits Make Blockchain to Carve Space in Aviation MRO Domain
  • Aviation Players Embrace Strategies to Ensure Well-Oiled Supply Chain
  • Image of MRO as OPEX Reducing Strategy Stresses the Relevance of MRO Logistics
  • Importance of MRO Services for Aging Aircraft Fleet: Major Driver
  • Average Age of Globally Operating Aircraft Fleet (in Years): (2020 & 2030)
  • Average Age of Select Airlines Around the World (in Years): 2019
  • Emphasis on Condition-based Maintenance Improves Prospects for MRO Logistics Market
  • Global Aircraft Health Monitoring (AHMS) Market Size (US$ Billion): (2019, 2022 & 2025)
  • Unique Requirements of Engine MRO Extend Opportunities
  • Increased Relevance of Avionics MRO Augurs Well
  • Global Avionics Market (In Million) for the Years 2019, 2022 & 2025
  • Critical Importance of MRO in Aircraft Safety Reinforces MRO Logistics Market
  • Global Number of Aircraft Accidents Per Million Departures (2010-2019)
  • Global Number of Fatalities on Commercial Flights (2010-2019)
  • Dynamic Aviation Landscape Throws Various Challenges for MRO Supply Chain
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • COVID-19 Pandemic Severely Impacts and Curtails Momentum in Aviation MRO Logistics Market
  • Commercial Aircraft Fleet in North America by Type (2017 & 2037)
CANADA
JAPAN
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • COVID-19 Impacts Market Outlook
  • Air Freight Forwarding Market Remains in State of Flux Affecting the MRO Logistics Industry
EUROPE
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Impact of COVID-19 Crisis on European Commercial Airlines Industry Leads to Battered MRO Logistics Market
  • Commercial Aircraft Projections in Europe: Breakdown of Fleet (Units) by Type for 2018 and 2038
  • Aging Aircraft Fleet Offers Opportunities to MRO Services Market
FRANCE
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Anticipated Long Term Boom in Commercial Aviation Sector to Offer Lucrative Growth Opportunities for Aviation MRO Logistics Market
  • World Freight Traffic Routes: Top Routes Ranked by Annual Air Cargo Growth (in %) for the Period 2018-2038
AUSTRALIA
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SINGAPORESOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Aviation MRO Logistics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 44

Companies Mentioned

A selection of companies mentioned in this report includes:

  • CMA CGM S.A.
  • Deutsche Post AG
  • DSV Panalpina A/S
  • Expeditors International of Washington, Inc.
  • FedEx Corporation
  • Kuehne + Nagel International AG
  • Nippon Express Co., Ltd.
  • SEKO Worldwide, LLC
  • United Parcel Service, Inc.