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Aircraft Component MRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global aircraft component MRO market was worth US$ 16.2 Billion in 2018. 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).

Aircraft Component MRO Market

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. According to IMARC Group, the market is expected to reach a value of US$ 18.6 Billion by 2024, at a projected CAGR of 2.3% during 2019-2024.

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 (U.S.), Lufthansa Technik AG (Germany), Air France Industries KLM Engineering & Maintenance (France), HAECO (Japan), Honeywell International (U.S.), ST Aerospace (Singapore), AAR Corp.(U.S.), Barnes Aerospace (U.S.), FL Technics (Lithuania), Turkish Technic, Inc. (Turkey), 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 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    Market Breakup by Aircraft Type 
    5.4    Market Breakup by Component
    5.5    Market Breakup by Application 
    5.6    Market Breakup by Region
    5.7    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
        7.3.1    Market Trends
        7.3.2    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 (U.S.)  
        14.3.2    Lufthansa Technik AG (Germany) 
        14.3.3    Air France Industries KLM Engineering & Maintenance (France) 
        14.3.4    HAECO (Japan) 
        14.3.5    Honeywell International (U.S.) 
        14.3.6    ST Aerospace (Singapore)
        14.3.7    AAR Corp. (U.S.)
        14.3.8    Barnes Aerospace (U.S.)
        14.3.9    FL Technics (Lithuania)Anker
        14.3.10      Turkish Technic, Inc. (Turkey) 

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$), 2013-2018
Figure 3: Global: Aircraft component MRO Market: Breakup by Aircraft Type (in %), 2018
Figure 4: Global: Aircraft component MRO Market: Breakup by Component (in %), 2018
Figure 5: Global: Aircraft component MRO Market: Breakup by Application (in %), 2018
Figure 6: Global: Aircraft component MRO Market: Breakup by Region (in %), 2018
Figure 7: Global: Aircraft component MRO Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2013-2018
Figure 12: Global: Aircraft Component MRO (Narrow-Body) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Aircraft Component MRO (Wide-Body) Market: Sales Value (in Million US$), 2013-2018
Figure 14: Global: Aircraft Component MRO (Wide-Body) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market: Sales Value (in Million US$), 2013-2018
Figure 16: Global: Aircraft Component MRO (Regional Jets/Turboprop) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Aircraft Component MRO (Fuselage) Market: Sales Value (in Million US$), 2013-2018
Figure 18: Global: Aircraft Component MRO (Fuselage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Aircraft Component MRO (Empennage) Market: Sales Value (in Million US$), 2013-2018
Figure 20: Global: Aircraft Component MRO (Empennage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Aircraft Component MRO (Landing Gear) Market: Sales Value (in Million US$), 2013-2018
Figure 22: Global: Aircraft Component MRO (Landing Gear) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Aircraft Component MRO (Wings) Market: Sales Value (in Million US$), 2013-2018
Figure 24: Global: Aircraft Component MRO (Wings) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Aircraft Component MRO (Engine) Market: Sales Value (in Million US$), 2013-2018
Figure 26: Global: Aircraft Component MRO (Engine) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Aircraft Component MRO (Other Components) Market: Sales Value (in Million US$), 2013-2018
Figure 28: Global: Aircraft Component MRO (Other Components) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Aircraft Component MRO (Commercial Air Transport) Market: Sales Value (in Million US$), 2013-2018
Figure 30: Global: Aircraft Component MRO (Commercial Air Transport) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Aircraft Component MRO (Business and General Aviation) Market: Sales Value (in Million US$), 2013-2018
Figure 32: Global: Aircraft Component MRO (Business and General Aviation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Aircraft Component MRO (Military Aviation) Market: Sales Value (in Million US$), 2013-2018
Figure 34: Global: Aircraft Component MRO (Military Aviation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Europe: Aircraft component MRO Market: Sales Value (in Million US$), 2013-2018
Figure 36: Europe: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: North America: Aircraft component MRO Market: Sales Value (in Million US$), 2013-2018
Figure 38: North America: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Asia Pacific: Aircraft component MRO Market: Sales Value (in Million US$), 2013-2018
Figure 40: Asia Pacific: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Middle East and Africa: Aircraft component MRO Market: Sales Value (in Million US$), 2013-2018
Figure 42: Middle East and Africa: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Latin America: Aircraft component MRO Market: Sales Value (in Million US$), 2013-2018
Figure 44: Latin America: Aircraft component MRO Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Aircraft Component MRO Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Aircraft Component MRO Market Forecast: Breakup by Aircraft Type (in Million US$), 2019-2024
Table 3: Global: Aircraft Component MRO Market Forecast: Breakup by Component (in Million US$), 2019-2024
Table 4: Global: Aircraft Component MRO Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Aircraft Component MRO Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Aircraft Component MRO Market Structure
Table 7: Global: Aircraft Component MRO Market: Key Players

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