Aircraft MRO Market Research Report – Global Forecast to 2023

Aircraft MRO Market Research Report – Global Forecast to 2023

ID: MRFR/AERO/1031-CRR | August, 2017 | Region: Global | 111 pages | Cooked Research Reports

Global Aircraft MRO Market Information Report by MRO Type (Engine, Component, Line Maintenance, Airframe, and Modifications), By Aircraft type (Narrow-body, Wide-body, and Others), By Application (Commercial Air Transport, Business and General Aviation, and Military Aviation) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) -  Forecast to 2023


Market Drivers


Rapid fleet expansion and MRO outsourcing are some of the major factors driving the global aircraft MRO market. As of 2016, there were more than 22,000 active commercial wide body and narrow body aircraft across the globe. The existing commercial fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years. The expansion of the existing commercial aircraft fleets along with the launch of new airlines, would result in increased MRO activities in the future. Hence, it is expected that the rapid fleet expansion would eventually drive the aircraft MRO market. In addition, the increased focus of OEMs on providing aircraft MRO would add funds to the market.


Regional Analysis


Asia had the largest share of the global aircraft MRO market in 2016. It is an emerging region in the long-haul international market and it relies heavily on the small and medium wide-body aircraft. As a result, a number of airlines such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia have been entering into service. Moreover, Asia-Pacific is home to major MRO service providers such as HAECO, GMF AeroAsia, and ST Aerospace, and is projected to witness the highest growth rate, during the forecast period. In addition, due to the low labor rates, North American airlines outsource 60% of thir heavy maintenance and airframe MRO, to Asia, where it is a major source of income.


Key Players


The key players of the global aircraft MRO market are Airbus Group, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia, Lufthansa Technik, Jet Maintenance Solutions, and ST Aerospace.. In 2016, Airbus Group, Air France KLM Engineering & Maintenance, Lufthansa Technik, and ST Aerospace accounted for over 35% of the global market.


Market Segmentation


Aircraft MRO Market Research Report


Market Scenario


Air travel in emerging countries is growing, thus increasing the demand for aircraft MRO services. Many new MRO service centers have been setup in numerous countries in recently. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft MRO. Moreover, the growing international trade between countries have increased frequencies of cargo planes. Thus, it is essential to conduct timely checks and repairs on airplanes to ensure efficient performance and safe air travel. The market is driven by various factors such as increased focus of OEMs on aircraft MRO service and rapid aircraft fleet expansion. Also, the increased need for proper maintenance of engines & components, is driving the growth of the aircraft MRO market. The global aircraft MRO market is expected to surpass USD 95 billion, by 2023, growing at a CAGR of more than 5%, during the forecast period.


Intended Audience



  • Distributers & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


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 15 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 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, 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.

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TABLE OF CONTENTS

2.1 Definition 14

2.2 Scope of the Study 14

2.3 Assumptions 14

2.4 Market Structure 15

2.5 Key Takeaways of the Market 16

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 18

3.4 Market Size Estimation 18

3.5 Forecast Model 20

4.1 Market Dynamics 21

4.2 Drivers 21

4.2.1 Rapid Fleet Expansion 21

4.2.2 MRO Outsourcing 22

4.2.3 Increased Focus of OEMs on Aircraft MRO Service 23

4.3 Restraints 24

4.3.1 Environmental Hazards 24

4.3.2 Retirement of Maintenance-Intensive Aircraft 24

4.3.3 Development of Next-Generation Aircraft 24

4.4 Opportunities 25

4.4.1 IT Integration in MRO 25

4.4.2 Evolution of 3D printing 25

5.1 Porter's Five Forces Analysis 27

5.1.1 Threat of New Entrants 27

5.1.2 Bargaining Power of Suppliers 27

5.1.3 Bargaining Power of Buyers 28

5.1.4 Threat of Substitutes 28

5.1.5 Rivalry 28

5.2 Supply Chain of the Global Aircraft MRO Market 28

6.1 Patent Trends 30

7.1 Introduction 34

7.1.1 Wide-body Aircraft 34

7.1.2 Narrow-body Aircraft 34

7.1.3 Others 35

8.1 Introduction 38

8.1.1 Commercial Air Transport 38

8.1.2 Business and General Aviation 38

8.1.3 Military Aviation 39

9.1 Introduction 42

9.1.1 Engine MRO 42

9.1.2 Airframe MRO 43

9.1.3 Component MRO 43

9.1.4 Line Maintenance MRO 44

9.1.5 Modifications MRO 44

10.1 Introduction 49

10.1.1 North America 49

10.1.2 Europe 49

10.1.3 Asia-Pacific 50

10.1.4 Latin America 51

10.1.5 Middle East & Africa 51

10.2 North America 53

10.2.1 U.S. 57

10.2.2 Canada 59

10.3 Europe 60

10.3.1 France 64

10.3.2 U.K. 66

10.3.3 Germany 67

10.3.4 Rest of Europe 69

10.4 Asia-Pacific 70

10.4.1 China 74

10.4.2 India 76

10.4.3 Indonesia 77

10.4.4 Rest of APAC 79

10.5 Middle East 80

10.5.1 UAE 84

10.5.2 Saudi Arabia 86

10.5.3 Oman 87

10.5.4 Rest of Middle East 89

10.6 Latin America 90

10.6.1 Brazil 94

10.6.2 Chile 96

10.6.3 Rest of Latin America 97

11.1 Competitive Landscape 99

11.2 Competitive Benchmarking 100

12.1 Airbus 103

12.1.1 Company Overview 103

12.1.2 Financial Overview 103

12.1.3 Product/Service Offerings 104

12.1.4 Key Developments 105

12.1.5 SWOT Analysis 106

12.2 Delta TechOps 107

12.2.1 Company Overview 107

12.2.2 Financial Overview 107

12.2.3 Product/Service Offerings 108

12.2.4 Key Developments 110

12.2.5 SWOT Analysis 111

12.3 Honeywell International 112

12.3.1 Company Overview 112

12.3.2 Financial Overview 112

12.3.3 Product/Service Offerings 113

12.3.4 Key Developments 113

12.3.5 SWOT Analysis 114

12.4 ST Aerospace 115

12.4.1 Company Overview 115

12.4.2 Financial Overview 115

12.4.3 Product/Service Offering 116

12.4.4 Key Developments 116

12.4.5 SWOT Analysis 117

12.5 Lufthansa Technik 118

12.5.1 Company Overview 118

12.5.2 Financial Overview 118

12.5.3 Product/Service Offerings 119

12.5.4 SWOT Analysis 121

12.6 Air France Industries KLM Engineering & Maintenance 122

12.6.1 Company Overview 122

12.6.2 Financial Overview 122

12.6.3 Product/Service Offerings 123

12.6.4 Key Developments 123

12.6.5 SWOT Analysis 124

12.7 HAECO 125

12.7.1 Company Overview 125

12.7.2 Financial Overview 125

12.7.3 Product/Service Offerings 126

12.7.4 Key Developments 126

12.8 GMF AeroAsia 127

12.8.1 Company Overview 127

12.8.2 Financial Overview 127

12.8.3 Product/Service Offering 127

12.8.4 Key Developments 128

12.9 JET MAINTENANCE SOLUTIONS 129

12.9.1 Company Overview 129

12.9.2 Financial Overview 129

12.9.3 Product/Service Offerings 130

12.9.4 Key Developments 131

12.10 Air Works India (Engineering) Private Limited. 132

12.10.1 Company Overview 132

12.10.2 Financial Overview 132

12.10.3 Product/Service Offerings 132

12.10.4 Key Developments 133