Global Aircraft Line Maintenance Market to Reach US$ 32.6 Billion by 2032, Propelled by the Exponential Growth in the Aviation Industry

March 28, 2023 | Aerospace and Defense

The latest report by IMARC, titled “Aircraft Line Maintenance Market Report by Service (Component Replacement & Rigging Service, Engine & APU Service, Line Station Setup & Management Service, Defect Rectification Service, Aircraft on Ground (AOG) Service), Type (Transit Checks, Routine Checks), Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, and Others), Technology (Traditional Line Maintenance, Digital Line Maintenance), and Region 2024-2032”, finds that the global aircraft line maintenance market size reached US$ 21.3 Billion in 2023. Aircraft line maintenance refers to the routine maintenance, inspections, and repairs performed on aircraft between flights or during short-term turnarounds. It includes tasks such as visual inspections, engine checks, tire and brake inspections, and other minor repairs. It is an essential part of aircraft operations to ensure that aircraft are safe and airworthy for flight. Aircraft line maintenance is performed by certified maintenance technicians or mechanics who are trained to inspect and repair aircraft systems, components, and structures. Maintenance technicians use a variety of tools and equipment to perform line maintenance, including hand tools, diagnostic equipment, and specialized aircraft maintenance equipment. In recent years, aircraft line maintenance has gained traction as it helps minimize delays and cancellations due to mechanical issues by identifying and addressing potential maintenance issues before they become major problems and ensuring that aircraft depart on time and operate safely.

Global Aircraft Line Maintenance Market Trends:

One of the primary factors driving the market is the rising need for regular maintenance to ensure aircraft safety and reliability of commercial air travel. Additionally, the exponential growth in the aviation industry due to the increasing number of passengers traveling by air is creating a positive market outlook. Other than this, due to the increasing complexity of aircraft systems and technologies, the need for more advanced, specialized knowledge and equipment is constantly rising. Besides this, aviation authorities globally have strict regulations and guidelines for aircraft maintenance and inspections, with penalties for non-compliance, which is positively influencing the market growth. Moreover, advancements in technology, such as predictive maintenance, artificial intelligence, and the Internet of Things (IoT), along with rapid digitalization, are creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market value to reach US$ 32.6 Billion by 2032, expanding at a CAGR of 4.7% during the forecast period (2024-2032).

Market Summary:

On the basis of the service, the market has been divided into component replacement & rigging service, engine & APU service, line station setup & management service, defect rectification service, and aircraft on ground (AOG) service.
Based on the type, the market has been bifurcated into transit and routine checks.
On the basis of the aircraft type, the market has been segmented into narrow body aircraft, wide-body aircraft, very large body aircraft, and others.
Based on technology, the market has been categorized into traditional and digital line maintenance.
Region-wise, the market has been classified into North America (the United States), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being AMECO, ANA Line Maintenance Technics, Avia Solutions Group, BCT Aviation Maintenance, British Airways, Delta Air Lines, HARCO, Lufthansa, Monarch Aircraft Engineering, Nayak Group, SAMCO Aircraft Maintenance, SIA Engineering Company, SR Technics, STS Aviation Group, and Turkish Airlines.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Service, Type, Aircraft Type, Technology, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AMECO, ANA Line Maintenance Technics, Avia Solutions Group, BCT Aviation Maintenance, British Airways, Delta Air Lines, HAECO, Lufthansa, Monarch Aircraft Engineering, Nayak Group, SAMCO Aircraft Maintenance, SIA Engineering Company, SR Technics, STS Aviation Group and Turkish Airlines
Customization Scope	10% Free Customization
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Aircraft Line Maintenance Market to Reach US$ 32.6 Billion by 2032, Propelled by the Exponential Growth in the Aviation Industry

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