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Global Aircraft Engine MRO Market Research Report - Forecast to 2023 Global Aircraft Engine MRO Market Research Report - Forecast to 2023

  • ID: MRFR/AERO/1027-CRR
  • |
  • June, 2017
  • |
  • Region: Global
  • |
  • 98 pages
  • |
  • Cooked Research Reports

Global Aircraft engines MRO Market Information by Aircraft Type (Widebody Aircraft, and Narrowbody Aircraft), Application (Commercial Air Transport, and Business & General Aviation) and by Region - Forecast to 2023


Market Scenario


Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO service providers. Many new MRO service centres have been setup in such countries in recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft engine MRO. Development of next-generation engines is major factor driving the growth of the market. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine available in the market, and had received more than USD 100 billion in orders by 2015, which has propelled the market for aircraft engines. Additionally, need for proper maintenance of engines & engine components, is also driving the growth of the aircraft engines MRO market. However, environmental Hazards is the factor that may hamper the growth of the market.


The global aircraft engine MRO market is expected to grow at 6.43% CAGR during the forecast period.


Study Objectives of Global Aircraft engines MRO Market



  • To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global aircraft engines MRO market

  • To provide insights about factors affecting the market growth

  • To analyze the global aircraft engines MRO market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Force Analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to five main geographies and their countries- North America, South Americas, Europe, Asia-Pacific, and Middle East & Africa.

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market segmented by Types, by Applications, and by Regions

  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the aircraft engines MRO market


Segmentation


 Aircraft Engine MRO Market


 


Regional Analysis of Global Aircraft engines MRO Market


In 2016, North America was the leading region for the global aircraft engine MRO market. It accounted for the largest market share of 31.00% in 2016, with a market value of USD 8,626.1 million. A number of the major aircraft manufacturers (such as Boeing) and engine MRO services providers are present in the region, gaining the region a high market share. . Asia Pacific was the second-largest market in 2016, valued at USD 7,513.1 million in 2016.


Key Players


The key players of global aircraft engines MRO market are GE Aviation (U.S.), Rolls-Royce (U.K.), Pratt & Whitney (U.S.), Lufthansa Technik (Germany), Safran Aircraft Engines (Paris), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), MTU Aero Engines (Germany), ST Aerospace (Singapore) and Delta TechOps (U.S.).


Target Audience



  • Manufacturing Organizations

  • Distributors & Suppliers

  • Research Institute / Education Institute

  • Potential Investors


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis



  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across various countries


Company Information



  • Profiling of 10 key  market players

  • In-depth analysis including SWOT analysis, and strategy  information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Aircraft engines MRO Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

1    Executive Summary    11

2    Introduction    13

2.1    Definition    13

2.2    Scope of the Study    13

2.3    Assumptions    13

2.4    Market Structure    14

3    Research Methodology    15

3.1    Research Process    15

3.2    Primary Research    16

3.3    Secondary Research    16

3.4    Market Size Estimation    16

3.5    Forecast Model    18

4    Market Dynamics    19

4.1    Drivers    19

4.1.1    Development of next-generation engines    19

4.1.2    Rapid Fleet Expansion    19

4.2    Challenges    20

4.2.1    Environmental Hazards    20

4.2.2    Retirement of Maintenance-Intensive Aircraft    20

4.3    Opportunities    21

4.3.1    MRO Outsourcing    21

4.3.2    IT Integration in MRO    21

4.3.3    Increased Focus of OEMs on Aircraft Engine MRO    21

5    Market Factor Analysis    22

5.1    Supply Analysis    22

5.2    Porter's Five Forces Analysis    23

5.2.1    Threat of New Entrants    23

5.2.2    Bargaining Power of Suppliers    23

5.2.3    Bargaining Power of Buyers    23

5.2.4    Threat of Substitutes    24

5.2.5    Rivalry    24

6    Global Aircraft Engine MRO Market, By Aircraft Type    25

6.1    Introduction    26

6.1.1    Widebody Aircraft    26

6.1.2    Narrowbody Aircraft    26

6.1.3    Others    26

7    Global Aircraft Engine MRO Market, By Application    29

7.1    Introduction    30

7.1.1    Commercial Air Transport    30

7.1.2    Business and General Aviation    30

8    Aircraft Engine MRO Market, By Region    33

8.1    Introduction    34

8.1.1    North America    34

8.1.2    Europe    34

8.1.3    Asia-Pacific    34

8.1.4    Latin America    35

8.1.5    Middle East & Africa    35

8.2    North America    37

8.2.1    U.S.    40

8.2.2    Canada    41

8.3    Europe    42

8.3.1    U.K.    45

8.3.2    Russia    46

8.3.3    France    47

8.3.4    Rest Of Europe    48

8.4    Asia-Pacific    49

8.4.1    China    52

8.4.2    Japan    53

8.4.3    India    54

8.4.4    Rest of Asia-Pacific    55

8.5    Middle East & Africa    56

8.5.1    UAE    59

8.5.2    Saudi Arabia    60

8.5.3    Rest of Middle East    61

8.6    Latin America    62

8.6.1    Brazil    65

8.6.2    Argentina    66

8.6.3    Rest of Latin America    67

9    Patent Trends    68

9.1    Patent Trends    68

10    Competitive Scenario    71

10.1    Merger, Acquisitions & Alliances    71

10.2    Global Aircraft Engine MRO Market Shares of Top 3 and Top 5 Players    72

11    Company Profiles    73

11.1    GE Aviation    73

11.1.1    Company Overview    73

11.1.2    Financial Overview    73

11.1.3    Product/Service Offering Overview    74

11.1.4    GE Aviation, Key Development, 2014-2016    74

11.1.5    GE Aviation: SWOT Analysis    75

11.2    Pratt & Whitney    76

11.2.1    Company Overview    76

11.2.1    Financial Overview    76

11.2.2    Product/Business Segment Overview    77

11.2.3    SWOT Analysis    78

11.3    Rolls-Royce    79

11.3.1    Company Overview    79

11.3.2    Financial Overview    79

11.3.3    Product/Service Offering Overview    80

11.3.4    Rolls-Royce: SWOT Analysis    81

11.4    Lufthansa Technik    82

11.4.1    Company Overview    82

11.4.2    Financial Overview    82

11.4.3    Product/Service Offering Overview    83

11.4.4    SWOT Analysis    84

11.5    Safran Aircraft Engines    85

11.5.1    Company Overview    85

11.5.2    Financial Overview    85

11.5.3    Product/Service Offering Overview    86

11.5.4    Safran Aircraft Engines: SWOT Analysis    87

11.6    SIA Engineering Company    88

11.6.1    Company Overview    88

11.6.2    Financial Overview    88

11.6.3    Product/Service Overview    89

11.6.4    Key Developments    89

11.7    Air France Industries KLM Engineering & Maintenance    90

11.7.1    Company Overview    90

11.7.2    Financial Overview    90

11.7.3    Product/Service Offering    91

11.7.4    Key Developments    91

11.8    MTU Aero Engines    92

11.8.1    Company Overview    92

11.8.2    Financial Overview    92

11.8.3    Product/Service Offering    93

11.8.4    Key Developments    94

11.9    ST Aerospace    95

11.9.1    Company Overview    95

11.9.2    Product/Service Offering    96

11.9.3    Key Developments    96

11.10    Delta TechOps    97

11.10.1    Company Overview    97

11.10.2    Financial Overview    97

11.10.3    Product/Service Offering    98

11.10.4    Key Developments    98



List of Tables

TABLE 1    MARKET SYNOPSIS    12

TABLE 2    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    28

TABLE 3    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    32

TABLE 4    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY REGION, 2015-2023 (USD MILLION)    36

TABLE 5    NORTH AMERICA: AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2016-2023 (USD MILLION)    37

TABLE 6    NORTH AMERICA: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    38

TABLE 7    NORTH AMERICA: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    39

TABLE 8    U.S.: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    40

TABLE 9    U.S.: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    40

TABLE 10    CANADA: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    41

TABLE 11    CANADA: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    41

TABLE 12    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2016-2023 (USD MILLION)    42

TABLE 13    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    43

TABLE 14    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    44

TABLE 15    U.K.: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    45

TABLE 16    U.K.: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    45

TABLE 17    RUSSIA: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    46

TABLE 18    RUSSIA: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    46

TABLE 19    FRANCE: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    47

TABLE 20    FRANCE: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    47

TABLE 21    REST OF EUROPE: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    48

TABLE 22    REST OF EUROPE: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    48

TABLE 23    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2015-2023 (USD MILLION)    49

TABLE 24    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    50

TABLE 25    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET, BY END-USE, 2015-2023 (USD MILLION)    51

TABLE 26    CHINA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    52

TABLE 27    CHINA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    52

TABLE 28    JAPAN AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    53

TABLE 29    JAPAN AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    53

TABLE 30    INDIA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    54

TABLE 31    INDIA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    54

TABLE 32    REST OF ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    55

TABLE 33    REST OF APAC AIRCRAFT ENGINE MRO MARKET, BY END-USE, 2015-2023 (USD MILLION)    55

TABLE 34    MIDDLE EAST & AFRICA AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2015-2023 (USD MILLION)    56

TABLE 35    MIDDLE EAST & AFRICA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    57

TABLE 36    ROW AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    58

TABLE 37    UAE AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    59

TABLE 38    UAE AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    59

TABLE 39    SAUDI ARABIA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    60

TABLE 40    SAUDI ARABIA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    60

TABLE 41    REST OF MIDDLE EAST AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    61

TABLE 42    REST OF MIDDLE EAST AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    61

TABLE 43    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2015-2023 (USD MILLION)    62

TABLE 44    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    63

TABLE 45    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    64

TABLE 46    BRAZIL AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    65

TABLE 47    BRAZIL AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    65

TABLE 48    ARGENTINA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    66

TABLE 49    ARGENTINA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    66

TABLE 50    REST OF LATIN AMERICA AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    67

TABLE 51    REST OF LATIN AMERICA AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    67

TABLE 52    GRANTED PATENTS ON AIRCRAFT MRO (JUNE 28TH, 2012 - JUNE 28TH, 2017)    68

TABLE 53    SIA ENGINEERING COMPANY: KEY DEVELOPMENT, 2014-2016    89



List of Figures

FIGURE 1    RESEARCH PROCESS OF MRFR    15

FIGURE 2    TOP DOWN & BOTTOM UP APPROACH    17

FIGURE 3    PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL AIRCRAFT ENGINE MRO MARKET    23

FIGURE 4    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2016 (% SHARE)    27

FIGURE 5    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    27

FIGURE 6    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2016 (%)    31

FIGURE 7    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    31

FIGURE 8    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY REGION, 2015-2023 (USD MILLION)    36

FIGURE 9    NORTH AMERICA: AIRCRAFT ENGINE MRO MARKET SHARE, BY COUNTRY, 2016 (% SHARE)    37

FIGURE 10    NORTH AMERICA: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)    38

FIGURE 11    GLOBAL AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    39

FIGURE 12    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY COUNTRY, 2015-2023 (USD MILLION)    42

FIGURE 13    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    43

FIGURE 14    EUROPE: AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015-2023 (USD MILLION)    44

FIGURE 15    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET SHARE, BY COUNTRY, 2016  (%)    49

FIGURE 16    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET SHARE, BY AIRCRAFT TYPE, 2015- 2023 (USD MILLION)    50

FIGURE 17    ASIA-PACIFIC AIRCRAFT ENGINE MRO MARKET, BY APPLICATION, 2015- 2023 (USD MILLION)    51

FIGURE 18    MIDDLE EAST & AFRICA AIRCRAFT ENGINE MRO MARKET SIZE, BY COUNTRY, 2016 (% SHARE)    56

FIGURE 19    MIDDLE EAST & AFRICA AIRCRAFT ENGINE MRO MARKET SIZE, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)    57

FIGURE 20    ROW AIRCRAFT ENGINE MRO MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION)    58

FIGURE 21    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET SIZE, BY COUNTRY, 2016 (% SHARE)    62

FIGURE 22    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET SIZE, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)    63

FIGURE 23    LATIN AMERICA AIRCRAFT ENGINE MRO MARKET SIZE, BY APPLICATION, 2015-2023 (USD MILLION)    64

FIGURE 24    GLOBAL AIRCRAFT ENGINE MRO MARKET SHARE OF TOP 5 PLAYERS    72

FIGURE 25    GLOBAL AIRCRAFT ENGINE MRO MARKET SHARE OF TOP 3 PLAYERS    72

FIGURE 26    PRATT & WHITNEY, GEOGRAPHIC SEGMENTATION, (2016 % SHARE)    77

FIGURE 27    PRATT & WHITNEY, KEY DEVELOPMENT    77

FIGURE 28    PRATT & WHITNEY: SWOT ANALYSIS    78

FIGURE 29    ROLLS-ROYCE: TOTAL REVENUE (USD MILLION)    79

FIGURE 30    ROLLS-ROYCE, GEOGRAPHICS SEGMENTATION 2016 (% SHARE)    80

FIGURE 31    ROLLS-ROYCE, KEY DEVELOPMENT    80

FIGURE 32    LUFTHANSA TECHNIK: TOTAL REVENUE 2016 (USD MILLION)    82

FIGURE 33    LUFTHANSA TECHNIK: GEOGRAPHICAL REVENUE MIX (2016)    83

FIGURE 34    LUFTHANSA TECHNIK: KEY DEVELOPMENTS    84

FIGURE 35    LUFTHANSA TECHNIK: SWOT ANALYSIS    84

FIGURE 36    SAFRAN AIRCRAFT ENGINES: GEOGRAPHICAL REVENUE MIX (2016)    86

FIGURE 37    SAFRAN AIRCRAFT ENGINES: KEY DEVELOPMENTS    87

FIGURE 38    SIA ENGINEERING COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE    88

FIGURE 39    SIA ENGINEERING COMPANY: GEOGRAPHIC REVENUE 2016 (%)    89

FIGURE 40    AFI KLM E&M: TOTAL REVENUE    90

FIGURE 41    AFI KLM E&M: GEOGRAPHIC REVENUE, 2016 (%)    90

FIGURE 42    AFI KLM E&M: KEY DEVELOPMENT, 2014-2016    91

FIGURE 43    MTU AERO ENGINES: TOTAL REVENUE VS SEGMENTAL REVENUE    92

FIGURE 44    MTU AERO ENGINES: GEOGRAPHIC REVENUE 2016 (%)    93

FIGURE 45    MTU AERO ENGINES: KEY DEVELOPMENTS, 2014-2016    94

FIGURE 46    ST AEROSPACE: TOTAL REVENUE VS SEGMENTAL REVENUE    95

FIGURE 47    ST AEROSPACE: GEOGRAPHIC REVENUE 2016 (%)    96

FIGURE 48    ST AEROSPACE: KEY DEVELOPMENT, 2014-2016    96

FIGURE 49    DELTA TECHOPS (DELTA AIR LINES): TOTAL REVENUE    97

FIGURE 50    DELTA TECHOPS (DELTA AIR LINES): GEOGRAPHIC REVENUE, 2016 (%)    98

FIGURE 51    DELTA TECHOPS: KEY DEVELOPMENTS    98

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