Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global aircraft maintenance, repair and overhauling services market as it emerges from the Covid 19 shut down.
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. It places the market within the context of the wider aircraft maintenance, repair and overhauling services market, and compares it with other markets.
Markets Covered:
1) By Type: Commercial Aircrafts MRO Services; Commercial Helicopters MRO Services; Commercial Gliders and Drones MRO Services; Aircraft Turbines MRO Services; Aircraft Engines MRO Services; Rocket Engines MRO Services
2) By Aircraft Division: Engine; Cabin Interior; Airframe; Avionics; Others
3) By Size: Wide-Body; Narrow-Body; Regional; Others
4) By Service Type: Annual Maintainance Contract; Individual Works; Others
Companies Mentioned: General Electric Company; The Boeing Company; Rolls-Royce Holdings plc.; Honeywell International Inc.; Lufthansa Group
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
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, aircraft maintenance, repair and overhauling services indicators comparison.
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.
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Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- 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 research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the aircraft maintenance, repair and overhauling services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Aircraft Maintenance, Repair and Overhauling Services market global report 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. It places the market within the context of the wider aircraft maintenance, repair and overhauling services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The aircraft maintenance, repair and overhauling services market section of the report gives context. It compares the aircraft maintenance, repair and overhauling services market with other segments of the aerospace market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, aircraft maintenance, repair and overhauling services indicators comparison.
Scope
Markets Covered:
1) By Type: Commercial Aircrafts MRO Services; Commercial Helicopters MRO Services; Commercial Gliders and Drones MRO Services; Aircraft Turbines MRO Services; Aircraft Engines MRO Services; Rocket Engines MRO Services
2) By Aircraft Division: Engine; Cabin Interior; Airframe; Avionics; Others
3) By Size: Wide-Body; Narrow-Body; Regional; Others
4) By Service Type: Annual Maintainance Contract; Individual Works; Others
Companies Mentioned: General Electric Company; The Boeing Company; Rolls-Royce Holdings plc.; Honeywell International Inc.; Lufthansa Group
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
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, aircraft maintenance, repair and overhauling services indicators comparison.
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.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Aircraft Maintenance, Repair and Overhauling Services Market
What is the estimated value of the Global Aircraft Maintenance, Repair and Overhauling Services Market?
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Who are the key companies in the Global Aircraft Maintenance, Repair and Overhauling Services Market?
Report Attribute | Details |
---|---|
No. of Pages | 300 |
Published | February 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 59.93 billion |
Forecasted Market Value ( USD | $ 99.98 billion |
Compound Annual Growth Rate | 13.6% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. Aircraft Maintenance, Repair and Overhauling Services Market Trends And Strategies8. Impact Of COVID-19 On Aircraft Maintenance, Repair and Overhauling Services21. Key Mergers And Acquisitions In The Aircraft Maintenance, Repair and Overhauling Services Market25. Copyright And Disclaimer
3. Aircraft Maintenance, Repair and Overhauling Services Market Characteristics
4. Aircraft Maintenance, Repair and Overhauling Services Market Product Analysis
5. Aircraft Maintenance, Repair and Overhauling Services Market Supply Chain
6. Aircraft Maintenance, Repair and Overhauling Services Market Customer Information
9. Aircraft Maintenance, Repair and Overhauling Services Market Size And Growth
10. Aircraft Maintenance, Repair and Overhauling Services Market Regional Analysis
11. Aircraft Maintenance, Repair and Overhauling Services Market Segmentation
12. Aircraft Maintenance, Repair and Overhauling Services Market Metrics
13. Asia-Pacific Aircraft Maintenance, Repair and Overhauling Services Market
14. Western Europe Aircraft Maintenance, Repair and Overhauling Services Market
15. Eastern Europe Aircraft Maintenance, Repair and Overhauling Services Market
16. North America Aircraft Maintenance, Repair and Overhauling Services Market
17. South America Aircraft Maintenance, Repair and Overhauling Services Market
18. Middle East Aircraft Maintenance, Repair and Overhauling Services Market
19. Africa Aircraft Maintenance, Repair and Overhauling Services Market
20. Aircraft Maintenance, Repair and Overhauling Services Market Competitive Landscape
22. Market Background: Aerospace Market
23. Recommendations
24. Appendix
Executive Summary
Major companies in the aircraft maintenance, repair, and overhauling services market include General Electric Company, The Boeing Company, Rolls-Royce Holdings plc, Honeywell International Inc., Lufthansa Group, Safran SA, MTU Aero Engines AG, General Dynamics, BBA Aviation plc. and Bombardier Inc.The global aircraft maintenance, repair and overhauling services market is expected to grow from $54.50 billion in 2021 to $59.93 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $99.98 billion in 2026 at a CAGR of 13.7%.
The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling (MRO) services and related goods by entities (organizations, sole traders or partnerships) that maintain, repair and overhaul commercial aircraft including helicopters, gliders, drones, aircraft turbines, aircraft engines, and rocket engines. The market numbers in this report include sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities.
The main types of aircraft maintenance, repair, and overhaul services are commercial aircrafts MRO services, commercial helicopters MRO services, commercial gliders and drones MRO services, aircraft turbines MRO services, aircraft engines MRO services, and rocket engines MRO services. Rocket engines MRO services include maintenance, repair, and overhaul services for rocket engines. The aircraft is divided into the engine, cabin interior, airframe, avionics, others, and the various sizes include wide-body, narrow-body, regional, others. The services are used for an annual maintenance contract, individual works, and others.
Asia Pacific was the largest region in the aircraft maintenance, repair and overhauling services market in 2021. Eastern Europe is expected to be the fastest growing region. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the aircraft maintenance, repair, and overhauling services market.
Rising cyber-attacks on the confidential data transferred through sensitive paths in the value chain of the aerospace industry are expected to be a restraint on the aircraft maintenance, repair, and overhauling services market in the forecast period. Companies involved in the value chain of aircraft maintenance, repair, and overhauling services exchange a lot of confidential data on specifications, technology, and performance of equipment or services to enhance collaborations on design, development, and support. The data exchanged within the supply chain can be stolen and used by unethical competitors to copy products and reduce market prices of the products. To eliminate the threat, companies in the aerospace industry invest in next-generation cyber security solutions to protect their data from advanced cyber-attacks. For example, leading players such as Lockheed Martin are investing in developing cyber security solutions with offensive and defensive capabilities. Cyber-attacks by governments of enemy countries or competitors are expected to hinder the growth of the aircraft maintenance, repair, and overhauling services market
Digital thread and digital twin are two interlinked concepts trending in the aircraft parts manufacturing, repair & maintenance market. The digital thread is a communication framework that allows connected data flow throughout the lifecycle and across functions such as design, engineering, production, and maintenance providing an integrated, authoritative, up-to-the-minute view of the asset's data that can be accessed at any time, anywhere. Digital twin includes design specifications and engineering models describing its geometry, materials, parts, and behavior which give a digital model of a particular product. Both concepts analyze data captured digitally from end-to-end throughout a product's lifecycle beginning with design and extending through maintenance, repair, and overhaul to improve the performance of future programs. In aircraft maintenance complexity, this helps in maintaining digital records, minimizing downtime, and streamlining regulatory compliance.
The countries covered in the aircraft maintenance, repair, and overhauling services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
Companies Mentioned
A selection of companies mentioned in this report includes:
- General Electric Company
- The Boeing Company
- Rolls-Royce Holdings plc.
- Honeywell International Inc.
- Lufthansa Group
- Safran SA
- MTU Aero Engines AG
- General Dynamics
- BBA Aviation plc.
- Bombardier Inc.
Methodology
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