+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Europe Aircraft MRO Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), End-User (Commercial, Military)

  • ID: 5359773
  • Report
  • June 2021
  • Region: Europe
  • 134 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
Fixed Wing Aircraft Segment to Dominate Europe Aircraft MRO Market during 2020-2028



According to this research study titled “Europe Aircraft MRO Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Component, Aircraft Type, and End-User,” the market is expected to reach US$ 15.46 billion by 2028 from US$ 12.22 billion in 2021. The market is estimated to grow at a CAGR of 3.4 % from 2021 to 2028. The report provides trends prevailing in the Europe aircraft MRO market along with the drivers and restraints pertaining to the market growth. Growth of digital technology for MRO industry and surging demand for MRO services are the major factor driving the growth of the Europe aircraft MRO market. However, rising share of original equipment manufacturers (OEMs) in the aftermarket hinders the growth of Europe aircraft MRO market.

In case of COVID-19, Europe is highly affected specially the UK. Additionally, with the outbreak of another variant of COVID-19 in the UK, the aircraft MRO market is expected to get hampered. European countries have a substantial number of airline operators across respective territories. Owing to the severity of the situation, the aircraft MRO manufacturers operating in the countries are experiencing substantially lesser orders, which is hampering the aircraft MRO manufacturer’s business. This, in turn, is ultimately negatively affecting the aircraft MRO market in the region. The A380 passenger aircraft were discontinued during the COVID-19 pandemic as most of these aircraft were grounded due to their high passenger capacity and low fuel efficiency, compared to smaller aircraft. The vacant seats and low passenger count shifted the airlines toward narrow-body aircraft. Airbus A380 is one of the largest revenue-generating aircraft for the MRO market; hence, its discontinuation due to the COVID-19 crisis in 2020 has affected the market growth. For instance, in May 2020, Air France retired its fleet of nine Airbus A380s amid COVID-19 crisis. Similarly, in February 2021, Lufthansa Group also initiated the strategy to replace A380 and 747 with new smaller type aircraft due to consequence of the low air transportation in 2020.

The Europe aircraft MRO market has been segmented on the basis on component, aircraft type, end-user, and country. Based on component, the market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment dominated the Europe aircraft MRO market in 2020 and is also expected to be fastest growing during forecast period. The market by aircraft type has been bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment dominated the Europe aircraft MRO market in 2020 and rotary wing aircraft segment is expected to be fastest growing during forecast period. Further, based on end-user, it has been categorized into commercial and military. The commercial segment dominated the Europe aircraft MRO market in 2020 and military segment is expected to be fastest growing during forecast period.

AAR; Barnes Group Inc.; Collins Aerospace; Delta TechOps; FLTechnics, UAB.; GE Aviation; Lufthansa Technik; Rolls-Royce plc.; and Singapore Technologies Engineering Ltd are among the leading companies in the Europe aircraft MRO market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Sichuan Airlines and Lufthansa Technik AG signed a 5-year agreement for digital fleet solutions through AVIATAR and engine maintenance services for the V2500 and CFM56-5B engines of the Airbus A320 fleet. AVIATAR will support Sichuan Airlines' Airbus A350, A330 and A320 fleets.

The report segments the Europe Aircraft MRO Market as follows:

Europe Aircraft MRO Market - By Component
  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
  • Others
Europe Aircraft MRO Market - By Aircraft Type
  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
Europe Aircraft MRO Market - By End-User
  • Commercial
  • Military
Europe Aircraft MRO Market - By Country
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Aircraft MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Europe Aircraft MRO Market - Key Market Dynamics
5.1 Drivers
5.1.1 Surging Demand for MRO Services
5.1.2 Growth of Digital Technology for MRO Industry
5.2 Restraints
5.2.1 Rising Share of Original Equipment Manufacturers (OEMs) In the Aftermarket
5.3 Opportunities
5.3.1 Increase in the Use of Retrofitting Technologies for Improved Aircraft
5.4 Future Trends
5.4.1 Adoption of Blockchain Technology
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft MRO Market - Europe Analysis
6.1 Europe Aircraft MRO Market Overview
6.2 Europe Aircraft MRO Market Revenue Forecast and Analysis

7. Europe Aircraft MRO Market Revenue and Forecast to 2028 - By Component
7.1 Overview
7.2 Europe Aircraft MRO Market Breakdown, by Component, 2020 and 2028
7.3 Engine MRO
7.3.1 Overview
7.3.2 Engine MRO Market Forecast and Analysis
7.4 Avionics MRO
7.4.1 Overview
7.4.2 Avionics MRO Market Forecast and Analysis
7.5 Airframe MRO
7.5.1 Overview
7.5.2 Airframe MRO Market Forecast and Analysis
7.6 Cabin MRO
7.6.1 Overview
7.6.2 Cabin MRO Market Forecast and Analysis
7.7 Landing Gear MRO
7.7.1 Overview
7.7.2 Landing Gear MRO Market Forecast and Analysis
7.8 Others
7.8.1 Overview
7.8.2 Others Market Forecast and Analysis

8. Europe Aircraft MRO Market Revenue and Forecast to 2028- By Aircraft Type
8.1 Overview
8.2 Europe Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028
8.3 Fixed Wing
8.3.1 Overview
8.3.2 Fixed Wing Market Forecast and Analysis
8.4 Rotary Wing
8.4.1 Overview
8.4.2 Rotary Wing Market Forecast and Analysis

9. Europe Aircraft MRO Market Revenue and Forecast to 2028- By End-User
9.1 Overview
9.2 Europe Aircraft MRO Market Breakdown, by End-User, 2020 and 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Forecast and Analysis
9.4 Military
9.4.1 Overview
9.4.2 Military Market Forecast and Analysis

10. Europe Aircraft MRO Market - Country Analysis
10.1 Overview
10.1.1 Europe: Aircraft MRO Market, by Key Country
10.1.1.1 Germany: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 Germany: Aircraft MRO Market, by Component
10.1.1.1.2 Germany: Aircraft MRO Market, by Aircraft Type
10.1.1.1.3 Germany: Aircraft MRO Market, by End-User
10.1.1.2 UK: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 UK: Aircraft MRO Market, by Component
10.1.1.2.2 UK: Aircraft MRO Market, by Aircraft Type
10.1.1.2.3 UK: Aircraft MRO Market, by End-User
10.1.1.3 France: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 France: Aircraft MRO Market, by Component
10.1.1.3.2 France: Aircraft MRO Market, by Aircraft Type
10.1.1.3.3 France: Aircraft MRO Market, by End-User
10.1.1.4 Italy: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.4.1 Italy: Aircraft MRO Market, by Component
10.1.1.4.2 Italy: Aircraft MRO Market, by Aircraft Type
10.1.1.4.3 Italy: Aircraft MRO Market, by End-User
10.1.1.5 Russia: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.5.1 Russia: Aircraft MRO Market, by Component
10.1.1.5.2 Russia: Aircraft MRO Market, by Aircraft Type
10.1.1.5.3 Russia: Aircraft MRO Market, by End-User
10.1.1.6 Rest of Europe: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.6.1 Rest of Europe: Aircraft MRO Market, by Component
10.1.1.6.2 Rest of Europe: Aircraft MRO Market, by Aircraft Type
10.1.1.6.3 Rest of Europe: Aircraft MRO Market, by End-User

11. Europe Aircraft MRO Market - COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition

13. Company Profiles
13.1 AAR
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Barnes Group Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Aviation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FLTechnics, UAB.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Singapore Technologies Engineering Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Lufthansa Technik
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Delta TechOps
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rolls-Royce plc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Collins Aerospace
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index

List of Tables
Table 1. Europe Aircraft MRO Market Revenue and Forecast to 2028 (US$ Billion)
Table 2. Europe: Aircraft MRO Market, by Country - Revenue and Forecast to 2028 (US$ Billion)
Table 3. Germany: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 4. Germany: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 5. Germany: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 6. UK: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 7. UK: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 8. UK: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 9. France: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 10. France: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 11. France: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 12. Italy: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 13. Italy: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 14. Italy: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 15. Russia: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 16. Russia: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 17. Russia: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 18. Rest of Europe: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 19. Rest of Europe: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 20. Rest of Europe: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 21. List of Abbreviation

List of Figures
Figure 1. Europe Aircraft MRO Market Segmentation
Figure 2. Europe Aircraft MRO Market Segmentation - By Country
Figure 3. Europe Aircraft MRO Market Overview
Figure 4. Europe Aircraft MRO Market, by Component
Figure 5. Europe Aircraft MRO Market, by Aircraft Type
Figure 6. Europe Aircraft MRO Market, by End-User
Figure 7. Europe Aircraft MRO Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. Europe Aircraft MRO Market- Ecosystem Analysis
Figure 10. Europe Aircraft MRO Market Impact Analysis of Driver and Restraints
Figure 11. Europe Aircraft MRO Market Revenue Forecast and Analysis (US$ Billion)
Figure 12. Europe Aircraft MRO Market Breakdown, by Component, 2020 and 2028(%)
Figure 13. Europe Engine MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 14. Europe Avionics MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 15. Europe Airframe MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 16. Europe Cabin MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 17. Europe Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 18. Europe Others Market Revenue and Forecast to 2028 (US$ Bn)
Figure 19. Europe Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028 (%)
Figure 20. Europe Fixed Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 21. Europe Rotary Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 22. Europe Aircraft MRO Market Breakdown, by End-User, 2020 and 2028(%)
Figure 23. Europe Commercial Market Revenue and Forecast to 2028 (US$ Bn)
Figure 24. Europe Military Market Revenue and Forecast to 2028 (US$ Bn)
Figure 25. Europe: Aircraft MRO Market, by Key Country - Revenue (2020) (USD Billion)
Figure 26. Europe: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 28. UK: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 29. France: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Italy: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Russia: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 32. Rest of Europe: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets
Note: Product cover images may vary from those shown
  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce plc.
  • Singapore Technologies Engineering Ltd
Note: Product cover images may vary from those shown
Adroll
adroll