Air Transport Maintenance, Repair and Operations (MRO) - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Air Transport MRO Market is accounted for $84.12 billion in 2019 and is expected to reach $141.33 billion by 2027 growing at a CAGR of 6.7% during the forecast period. Some of the key factors propelling the market growth include rise in air passenger traffic, fleet iterations, need to enhance operability & efficiency, and requirement for disassembling, checking, and repairing of various parts of aircraft. However, lack of skilled workforce, and higher maintenance cost is expected to restrain the air transport MRO market growth. Moreover, blockchain technology is anticipated to provide lucrative opportunities for the manufacturers in the air transport MRO industry. The manufacturers are focusing on integrated innovative solutions such as blockchain technology, which enables end users to track MRO activities and allow traceability, resilience, and organized integration.
Air transport maintenance, repair, and overhaul (MRO) deals with compliance to the safety instructions and airworthiness. It is highly regulated by enforcing stringent rules and regulations by the government for the operational functioning of the aircraft during the flight. It is one of the major expenditure by the airlines as MRO has been mandated by the International Civil Aviation Organization. The MRO sector needs further enhancements of skillsets and technicians, owing to increase in trend of digitization and rise in need for technological advancements to keep up with the industry trends.
By aircraft type, narrow body segment is expected to grow at the significant rate during the forecast period. Due to its extended range, maximum take-off weight and fuel efficiency, narrow body aircraft is most suitable for low-cost carrier. AirBus and Boeing, the two major players in aircraft manufacturing have delivered over 1,200 narrow body aircrafts. In addition, both the players are committed to increase their production rate which will further raise the narrow body market growth during the forecast period.
On the basis of geography, Asia Pacific is projected to have considerable market growth during the forecast period, due to growing middle class population. With the economic development of Asia Pacific, in particular China and India are the major countries where middle class population is exploding. This large population with its growing inclination towards air travel is estimated to drive the market growth. In addition, lower labor rate and rapid development of infrastructure in China and India is expected to further boost the air transport MRO market.
Some of the key players in aircraft cable market include Delta TechOps, AAR Corporation, GE Aviation, John Swire & Sons (H.K.) Ltd., KLM Engineering & Maintenance, United Technologies Corporation (Pratt and Whitney division), HAECO Ltd., Collins Aerospace, Airbus S.A.S., Deutsche Lufthansa AG, Lufthansa Technik AG, Israel Aerospace Industries (IAI), Turkish Technic Inc., TIMCO Aviation Services, Inc., Sabena Technics, Singapore Technologies Engineering Ltd, Guangzhou Aircraft Maintenance Engineering Company Limited, SIA Engineering Company (SIAEC), Mubadala Aerospace, and British Airways PLC.
Types Covered:
• Component
• Line
• Air frame
• Engine
Aircraft Types Covered:
• Regional Jet
• Turbo Prop
• Narrow Body Aircraft
• Wide Body Aircraft
• Other Aircraft Types
End Users covered:
• Civil Air Transport MRO
• Military Air Transport MRO
• Passenger
• Cargo
Services Covered:
• Avionic Standardization
• Aircraft Conversions
• Heavy Maintenance Inspection
• Engine Service Check
• Component Maintenance
• Line Maintenance
• Retro Aircraft Conversions
Provider Types Covered:
• Non-OEM MRO
• Original Equipment Manufacturer (OEM)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Air Transport MRO Market, By Type
5.1 Introduction
5.2 Component
5.3 Line
5.4 Air frame
5.5 Engine
6 Global Air Transport MRO Market, By Aircraft Type
6.1 Introduction
6.2 Regional Jet
6.3 Turbo Prop
6.4 Narrow Body Aircraft
6.5 Wide Body Aircraft
6.6 Other Aircraft Types
6.6.1 Helicopters
6.6.2 Piston Fixed Wing
7 Global Air Transport MRO Market, By End User
7.1 Introduction
7.2 Civil Air Transport MRO
7.3 Military Air Transport MRO
7.4 Passenger
7.5 Cargo
8 Global Air Transport MRO Market, By Service
8.1 Introduction
8.2 Avionic Standardization
8.3 Aircraft Conversions
8.4 Heavy Maintenance Inspection
8.5 Engine Service Check
8.6 Component Maintenance
8.7 Line Maintenance
8.8 Retro Aircraft Conversions
9 Global Air Transport MRO Market, By Provider Type
9.1 Introduction
9.2 Non-OEM MRO
9.3 Original Equipment Manufacturer (OEM)
10 Global Air Transport MRO Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Delta TechOps
12.2 AAR Corporation
12.3 GE Aviation
12.4 John Swire & Sons (H.K.) Ltd.
12.5 KLM Engineering & Maintenance
12.6 United Technologies Corporation (Pratt and Whitney division)
12.7 HAECO Ltd.
12.8 Collins Aerospace
12.9 Airbus S.A.S.
12.10 Deutsche Lufthansa AG
12.11 Lufthansa Technik AG
12.12 Israel Aerospace Industries (IAI)
12.13 Turkish Technic Inc.
12.14 TIMCO Aviation Services, Inc.
12.15 Sabena Technics
12.16 Singapore Technologies Engineering Ltd
12.17 Guangzhou Aircraft Maintenance Engineering Company Limited
12.18 SIA Engineering Company (SIAEC)
12.19 Mubadala Aerospace
12.20 British Airways PLC
List of Tables
1 Global Air Transport MRO Market Outlook, By Region (2018-2027) ($MN)
2 Global Air Transport MRO Market Outlook, By Type (2018-2027) ($MN)
3 Global Air Transport MRO Market Outlook, By Component (2018-2027) ($MN)
4 Global Air Transport MRO Market Outlook, By Line (2018-2027) ($MN)
5 Global Air Transport MRO Market Outlook, By Air frame (2018-2027) ($MN)
6 Global Air Transport MRO Market Outlook, By Engine (2018-2027) ($MN)
7 Global Air Transport MRO Market Outlook, By Aircraft Type (2018-2027) ($MN)
8 Global Air Transport MRO Market Outlook, By Regional Jet (2018-2027) ($MN)
9 Global Air Transport MRO Market Outlook, By Turbo Prop (2018-2027) ($MN)
10 Global Air Transport MRO Market Outlook, By Narrow Body Aircraft (2018-2027) ($MN)
11 Global Air Transport MRO Market Outlook, By Wide Body Aircraft (2018-2027) ($MN)
12 Global Air Transport MRO Market Outlook, By Other Aircraft Types (2018-2027) ($MN)
13 Global Air Transport MRO Market Outlook, By Helicopters (2018-2027) ($MN)
14 Global Air Transport MRO Market Outlook, By Piston Fixed Wing (2018-2027) ($MN)
15 Global Air Transport MRO Market Outlook, By End User (2018-2027) ($MN)
16 Global Air Transport MRO Market Outlook, By Civil Air Transport MRO (2018-2027) ($MN)
17 Global Air Transport MRO Market Outlook, By Military Air Transport MRO (2018-2027) ($MN)
18 Global Air Transport MRO Market Outlook, By Passenger (2018-2027) ($MN)
19 Global Air Transport MRO Market Outlook, By Cargo (2018-2027) ($MN)
20 Global Air Transport MRO Market Outlook, By Service (2018-2027) ($MN)
21 Global Air Transport MRO Market Outlook, By Avionic Standardization (2018-2027) ($MN)
22 Global Air Transport MRO Market Outlook, By Aircraft Conversions (2018-2027) ($MN)
23 Global Air Transport MRO Market Outlook, By Heavy Maintenance Inspection (2018-2027) ($MN)
24 Global Air Transport MRO Market Outlook, By Engine Service Check (2018-2027) ($MN)
25 Global Air Transport MRO Market Outlook, By Component Maintenance (2018-2027) ($MN)
26 Global Air Transport MRO Market Outlook, By Line Maintenance (2018-2027) ($MN)
27 Global Air Transport MRO Market Outlook, By Retro Aircraft Conversions (2018-2027) ($MN)
28 Global Air Transport MRO Market Outlook, By Provider Type (2018-2027) ($MN)
29 Global Air Transport MRO Market Outlook, By Non-OEM MRO (2018-2027) ($MN)
30 Global Air Transport MRO Market Outlook, By Original Equipment Manufacturer (OEM) (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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