Aircraft MRO Market By Type ( Airframe, Engine, Component, Line ), By Application ( Air transport, BGA ), Estimation & Forecast, 2017 - 2022

January 2018

 Pages: 185

 ERC 4628

Global aircraft MRO market is expected to grow with a CAGR of 3.8% during the forecast period of 2017 to 2022. The air transport segment garnered the highest revenue share in the global aircraft MRO market.
The maintenance, repair, overhaul, inspection or modification of an aircraft or aircraft component refers to aircraft MRO. It has emerged as an indispensable activity of air assets in the aviation industry. It is a multi- billion dollar industry growing at a notable rate year-on-year. Globally, a major proportion of engine MRO is outsourced, with a lot to play for. Airlines in the most developed regions (North America, Western Europe and Asia-Pacific) outsource their engine MRO work by providers from within their own region. Several new MRO service centres have been setup in such countries, increasing the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft MRO. However, in the developing regions, airlines are much more likely to use foreign MRO providers. A trend that inevitably seems to increase in the coming years, is the growing number of OEM-MRO-led joint ventures focused on next-generation engines. Lufthansa Technik and GE Aviation are teaming up to focus on such projects.

Market Determinants

The growth of global aircraft maintenance, repair, and overhaul (MRO) market is mainly driven by more complex components requiring higher parts cost, per MRO activity. Despite the lowering demand, frequency and cost of aircraft MRO due to aircraft retirements, fewer purchases, advent of reliable components, and on-conditional repairs, a moderate growth is expected during the forecast period, owing to the declining labor costs and an increase in engine parts costs. The market players are anticipated to witness many opportunities emanating from the influx of new aircrafts, engines and components into the global fleet, while service providers extend older aircraft and engine variants’ life cycles.

GLOBAL AIRCRAFT MRO MARKET SIZE STATUS AND OUTLOOK (2012-2022)

aircraft mro market size

Segment Analysis

The global aircraft MRO market is segmented on the basis of type, application, and geography. By type, the market is segmented into airframe, engine, component, and line. On the basis of application, the market is segmented into air transport and BGA. Geography wise, the market is segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa. Asia Pacific was the largest revenue generator in the aircraft MRO market, in 2016, by holding nearly 30% of the global market share and is anticipated to maintain its dominance in the market.

ASIA PACIFIC AIRCRAFT MRO MARKET BY TYPE, 2012-2017

aircraft mro market asia pacific

Some prominent market players are LUFTHANSA TECHNIK, GE AVIATION, AFI KLM E&M, ST Aerospace, MTU, AAR, SR TECHNICS, SIA Engineering, DELTA TECHOPS, Haeco, AMECO BEIJING, Iberia Maintenance, ANA, JAL Engineering, Korean Air, and KAI.

GLOBAL AIRCRAFT MRO MARKET SEGMENTATION

By Type
   • Airframe
   • Engine
   • Component
   • Line

By Application
   • Air transport
   • BGA

By Geography
   • North America
           o USA
           o Canada
           o Mexico
   • Europe
           o Germany
           o France
           o UK
           o Russia
           o Italy
   • Asia Pacific
           o China
           o Japan
           o Korea
           o India
           o Southeast Asia
   • South America, Middle East and Africa
           o Brazil
           o Egypt
           o Saudi Arabia
           o South Africa
           o Nigeria

KEY MARKET PLAYERS

   • LUFTHANSA TECHNIK
   • GE AVIATION
   • AFI KLM E&M
   • ST Aerospace
   • MTU
   • AAR
   • SR TECHNICS
   • SIA Engineering
   • DELTA TECHOPS
   • Haeco
   • AMECO BEIJING
   • Iberia Maintenance
   • ANA
   • JAL Engineering
   • Korean Air
   • KAI

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    • What was the market size of the aircraft MRO market in 2012 and the expected market size by 2022, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2012 - 2022)?
    • Which are the leading companies in the low-pressure molding market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?


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