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.

License

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TABLE OF CONTENTS

2.1 Definition 13

2.2 Scope of the Study 13

2.3 Assumptions 13

2.4 Market Structure 14

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

4.1 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

5.1 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

6.1 Introduction 26

6.1.1 Widebody Aircraft 26

6.1.2 Narrowbody Aircraft 26

6.1.3 Others 26

7.1 Introduction 30

7.1.1 Commercial Air Transport 30

7.1.2 Business and General Aviation 30

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

9.1 Patent Trends 68

10.1 Merger, Acquisitions & Alliances 71

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

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