• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Aircraft Component MRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global aircraft component MRO market was worth US$ 16.5 Billion in 2019. Aircraft component MRO, also known as maintenance, repair and overhaul, is a set of administrative, managerial, and supervision activities. They are employed for restoring aircraft components to their original state of performance and function. MRO in the aeronautical industry has strict and precise requirements stated by the airworthiness authorities to guarantee the safety of cargo, passengers and aircrew. It plays a vital role in maintaining product quality, reliability and availability. The services encompass components including mechanical actuators, avionics and electronics, fuel systems and carburetors, and landing gear and auxiliary power units (APUs).

Market Trends:

Over the past few years, airline operators and OEMs have been using radio-frequency identification (RFID) in the commercial aerospace component MRO market to enhance the cost-effectiveness of the services provided by them. However, airline companies are now outsourcing these activities to third-party organizations  for contract organizations. As aircraft component MRO accounts for a significant portion of airline expenses, this trend has created numerous growth opportunities in the market. In addition to this, improving economic conditions in regions like the Middle East, Asia and Africa has led to the demand for low-cost air travel services. Apart from this, the introduction of innovative software technologies has helped OEMs in fulfilling the airworthiness standards of EASA and FAA. Such software programs offer features like labor-hour tracking, maintenance scheduling, and service bulletins for airline operators and service providers. Looking forward, IMARC Group expects the market to exhibit a moderate growth during 2020-2025.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  •  Market Breakup by Aircraft Type:
    • Narrow Body
    • Wide-Body
    • Regional Jets/Turboprop
       
  • Market Breakup by Component:
    • Fuselage
    • Empennage
    • Landing Gear
    • Wings
    • Engine
    • Others
       
  • Market Breakup by Application:
    • Commercial Air Transport
    • Business and General Aviation
    • Military Aviation
       
  • Market Breakup by Region:
    • Europe
    • North America
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Delta TechOps, Lufthansa Technik AG, Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Honeywell International Inc., ST Engineering, AAR Corp., Barnes Aerospace, Inc. (Barnes Group), FL Technics (Avia Solutions Group), Turkish Technic Inc. (Turkish Airlines), etc.

Key Questions Answered in This Report:

  • How has the global aircraft component MRO market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global aircraft component MRO industry?
  • What has been the impact COVID-19 on the global aircraft component MRO industry?
  • What is the breakup of the market based on the aircraft type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global aircraft component MRO industry?
  • What are the key driving factors and challenges in the global aircraft component MRO industry?
  • What is the structure of the global aircraft component MRO industry and who are the key players?
  • What is the degree of competition in the global aircraft component MRO industry?
  • What are the profit margins in the global aircraft component MRO industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Aircraft Component MRO Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Aircraft Type 
    5.5    Market Breakup by Component
    5.6    Market Breakup by Application 
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Aircraft Type 
    6.1    Narrow-Body 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Wide-Body 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Regional Jets/Turboprop 
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Component 
    7.1    Fuselage
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Empennage
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Landing Gear
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Wings
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Engine
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Others
        7.6.1    Market Trends
        7.6.2    Market Forecast
8    Market Breakup by Application
    8.1    Commercial Air Transport 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Business and General Aviation 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Military Aviation 
        8.3.1    Market Trends
        8.3.2    Market Forecast
9    Market Breakup by Region
    9.1    Europe
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    North America 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Asia Pacific
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Delta TechOps
        14.3.2    Lufthansa Technik AG 
        14.3.3    Air France Industries KLM Engineering & Maintenance
        14.3.4    Hong Kong Aircraft Engineering Company Limited
        14.3.5    Honeywell International Inc.  
        14.3.6    ST Engineering
        14.3.7    AAR Corp.
        14.3.8    Barnes Aerospace, Inc. (Barnes Group)
        14.3.9    FL Technics (Avia Solutions Group)
        14.3.10   Turkish Technic Inc. (Turkish Airlines) 

List of Figures

Figure 1: Global: Aircraft component MRO Market: Major Drivers and Challenges
Figure 2: Global: Aircraft component MRO Market: Sales Value (in Billion US$), 2014 - 2019
Figure 3: Global: Aircraft component MRO Market: Breakup by Aircraft Type (in %), 2019
Figure 4: Global: Aircraft component MRO Market: Breakup by Component (in %), 2019
Figure 5: Global: Aircraft component MRO Market: Breakup by Application (in %), 2019
Figure 6: Global: Aircraft component MRO Market: Breakup by Region (in %), 2019
Figure 7: Global: Aircraft component MRO Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Aircraft component MRO Industry: SWOT Analysis
Figure 9: Global: Aircraft component MRO Industry: Value Chain Analysis
Figure 10: Global: Aircraft component MRO Industry: Porter’s Five Forces Analysis
Figure 11: Global: Aircraft Component MRO (Narrow-Body) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Aircraft Component MRO (Narrow-Body) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Aircraft Component MRO (Wide-Body) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Aircraft Component MRO (Wide-Body) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Aircraft Component MRO (Fuselage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Aircraft Component MRO (Fuselage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Aircraft Component MRO (Empennage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Aircraft Component MRO (Empennage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Aircraft Component MRO (Landing Gear) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Aircraft Component MRO (Landing Gear) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Aircraft Component MRO (Wings) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Aircraft Component MRO (Wings) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Aircraft Component MRO (Engine) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Aircraft Component MRO (Engine) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Aircraft Component MRO (Other Components) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Aircraft Component MRO (Other Components) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Aircraft Component MRO (Commercial Air Transport) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Aircraft Component MRO (Commercial Air Transport) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Aircraft Component MRO (Business and General Aviation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Aircraft Component MRO (Business and General Aviation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Aircraft Component MRO (Military Aviation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Aircraft Component MRO (Military Aviation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Europe: Aircraft component MRO Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Europe: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: North America: Aircraft component MRO Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: North America: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Asia Pacific: Aircraft component MRO Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Asia Pacific: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Middle East and Africa: Aircraft component MRO Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Middle East and Africa: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Latin America: Aircraft component MRO Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Latin America: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2020-2025

List of Tables

Table 1: Global: Aircraft Component MRO Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Aircraft Component MRO Market Forecast: Breakup by Aircraft Type (in Million US$), 2020-2025
Table 3: Global: Aircraft Component MRO Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 4: Global: Aircraft Component MRO Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Aircraft Component MRO Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Aircraft Component MRO Market Structure
Table 7: Global: Aircraft Component MRO Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Purchase Options




$ 1999

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )


Drop us an email at

sales@imarcgroup.com

Social Links