Aircraft Engine MRO Market Size, Share, and Analysis, By Engine Type (Turbine Engine, Piston Engine), By Aircraft Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft), By Application (Civil Aviation, Military Aviation) and Regional Forecasts, 2022-2032
Aircraft Engine MRO Market Size, Share, and Analysis, By Engine Type (Turbine Engine, Piston Engine), By Aircraft Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft), By Application (Civil Aviation, Military Aviation) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Aircraft Engine MRO Market size was USD 44.46 billion in 2021 and projected t%li%grow from USD 49.6 billion in 2023 t%li%USD 82.1 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
MRO, elongated as Maintenance, Repair, and Overhaul are the services essential for any sector that uses machinery t%li%execute operations. The term 'MRO aviation' in the aviation industry refers t%li%all the operations intended t%li%keep aircrafts ready t%li%fly any time. Usually, the engines or airframe of the airplanes are the center of maintenance operations. However, component MRO is now included in MRO activities for the aircraft industry.
MARKET HIGHLIGHTS
Aircraft Engine MRO Market is expected t%li%reach USD 82.1 billion, growing at a CAGR of 5.7% during the forecast period owing t%li%the speedy fleet growth plans of the military and airlines forces. The demand for aircraft engine MRO will rise even further as newer generation engines are installed in new aircraft. As compared t%li%the older aircraft, the new engines will require more expensive materials. This factor is expected t%li%significantly drive the Aircraft Engine MRO Market over the forecast period.
Aircraft Engine MRO Market Segments:
Growth Drivers
Expanding Fleet of Commercial Aviation and Increasing Contracts for Better Maintenance of Aircraft Engines are Expected t%li%Boost the Market Growth
Increasing Number of Air Travel and Development of Next-Generation Engines are Expected t%li%Boost the Market Growth
Restraint
Environmental Hazards related t%li%MRO Services May Restrain the Market Growth
Key Players
PRODUCT OVERVIEW
Aircraft Engine MRO Market size was USD 44.46 billion in 2021 and projected t%li%grow from USD 49.6 billion in 2023 t%li%USD 82.1 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.
MRO, elongated as Maintenance, Repair, and Overhaul are the services essential for any sector that uses machinery t%li%execute operations. The term 'MRO aviation' in the aviation industry refers t%li%all the operations intended t%li%keep aircrafts ready t%li%fly any time. Usually, the engines or airframe of the airplanes are the center of maintenance operations. However, component MRO is now included in MRO activities for the aircraft industry.
MARKET HIGHLIGHTS
Aircraft Engine MRO Market is expected t%li%reach USD 82.1 billion, growing at a CAGR of 5.7% during the forecast period owing t%li%the speedy fleet growth plans of the military and airlines forces. The demand for aircraft engine MRO will rise even further as newer generation engines are installed in new aircraft. As compared t%li%the older aircraft, the new engines will require more expensive materials. This factor is expected t%li%significantly drive the Aircraft Engine MRO Market over the forecast period.
Aircraft Engine MRO Market Segments:
- Engine Type
- Turbine Engine
- Piston Engine
- Aircraft Type
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Application
- Civil Aviation
- Military Aviation
Growth Drivers
Expanding Fleet of Commercial Aviation and Increasing Contracts for Better Maintenance of Aircraft Engines are Expected t%li%Boost the Market Growth
Increasing Number of Air Travel and Development of Next-Generation Engines are Expected t%li%Boost the Market Growth
Restraint
Environmental Hazards related t%li%MRO Services May Restrain the Market Growth
Key Players
- MTU Aer%li%Engines
- General Electric Company
- Safran SA
- Collins Aerospace
- Rolls-Royce Holding PLC
- GE Aviation
- Pratt & Whitney
- Lufthansa Technik
- Hong Kong Aircraft Engineering Company Limited
- Air France Industries KLM Engineering & Maintenance
- Delta TechOps
- CFM International
- ST Aerospace
- SIA Engineering Company
- Sigma Aerospace
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3. Aircraft Engine MRO Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Aircraft Engine MRO Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. AIRCRAFT ENGINE MRO MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. AIRCRAFT ENGINE MRO MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Engine Type
10.3.1.1.Turbine Engine
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Piston Engine
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Aircraft Type
10.3.2.1. Fixed-Wing Aircraft
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Rotary-Wing Aircraft
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Application
10.3.3.1. Civil Aviation
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Military Aviation
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Engine Type
11.3.2. By Aircraft Type
11.3.3. By Application
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Engine Type
12.3.2.By Aircraft Type
12.3.3.By Application
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Engine Type
13.3.2.By Aircraft Type
13.3.3.By Application
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Engine Type
14.3.2.By Aircraft Type
14.3.3.By Application
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Engine Type
15.3.2.By Aircraft Type
15.3.3.By Application
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.MTU Aero Engines
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. General Electric Company
17.3. Safran SA
17.4. Collins Aerospace
17.5. Rolls-Royce Holding PLC
17.6. GE Aviation
17.7. Pratt & Whitney
17.8. Lufthansa Technik
17.9. Hong Kong Aircraft Engineering Company Limited
17.10. Air France Industries KLM Engineering & Maintenance
17.11.Delta TechOps
17.12. CFM International
17.13. ST Aerospace
17.14. SIA Engineering Company
17.15. Sigma Aerospace
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3. Aircraft Engine MRO Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Aircraft Engine MRO Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. AIRCRAFT ENGINE MRO MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. MARKET ANALYSIS
8.1. Porters Five Forces
8.2. PEST Analysis
8.2.1. Political
8.2.2.Economic
8.2.3.Social
8.2.4.Technological
9. AIRCRAFT ENGINE MRO MARKET
9.1. Overview
9.2.Historical Analysis (2016-2021)
9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
10. AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
10.3.1. By Engine Type
10.3.1.1.Turbine Engine
10.3.1.1.1.By Value (USD Million) 2022-2032F
10.3.1.1.2. Market Share (%) 2022-2032F
10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
10.3.1.2. Piston Engine
10.3.1.2.1. By Value (USD Million) 2022-2032F
10.3.1.2.2.Market Share (%) 2022-2032F
10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.By Aircraft Type
10.3.2.1. Fixed-Wing Aircraft
10.3.2.1.1. By Value (USD Million) 2022-2032F
10.3.2.1.2.Market Share (%) 2022-2032F
10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.2.2.Rotary-Wing Aircraft
10.3.2.2.1.By Value (USD Million) 2022-2032F
10.3.2.2.2. Market Share (%) 2022-2032F
10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
10.3.3.By Application
10.3.3.1. Civil Aviation
10.3.3.1.1. By Value (USD Million) 2022-2032F
10.3.3.1.2.Market Share (%) 2022-2032F
10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
10.3.3.2.Military Aviation
10.3.3.2.1.By Value (USD Million) 2022-2032F
10.3.3.2.2. Market Share (%) 2022-2032F
10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
11.NORTH AMERICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Engine Type
11.3.2. By Aircraft Type
11.3.3. By Application
11.4.Country
11.4.1. United States
11.4.2.Canada
12. EUROPE AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Engine Type
12.3.2.By Aircraft Type
12.3.3.By Application
12.4. Country
12.4.1.Germany
12.4.2. United Kingdom
12.4.3. France
12.4.4. Italy
12.4.5. Spain
12.4.6. Russia
12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
13. ASIA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Engine Type
13.3.2.By Aircraft Type
13.3.3.By Application
13.4. Country
13.4.1.India
13.4.2. China
13.4.3. South Korea
13.4.4. Japan
13.4.5. Rest of APAC
14. MIDDLE EAST AND AFRICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Engine Type
14.3.2.By Aircraft Type
14.3.3.By Application
14.4. Country
14.4.1.Israel
14.4.2. GCC
14.4.3. North Africa
14.4.4. South Africa
14.4.5. Rest of Middle East and Africa
15. LATIN AMERICA AIRCRAFT ENGINE MRO MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Engine Type
15.3.2.By Aircraft Type
15.3.3.By Application
15.4. Country
15.4.1.Mexico
15.4.2. Brazil
15.4.3. Rest of Latin America
16. COMPETITIVE LANDSCAPE
16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders
17. COMPANY PROFILES
17.1.MTU Aero Engines
17.1.1.Company Overview
17.1.2. Financial Overview
17.1.3. Key Product; Analysis
17.1.4.Company Assessment
17.1.4.1.Product Portfolio
17.1.4.2. Key Clients
17.1.4.3. Market Share
17.1.4.4. Recent News & Development (Last 3 Yrs.)
17.1.4.5. Executive Team
17.2. General Electric Company
17.3. Safran SA
17.4. Collins Aerospace
17.5. Rolls-Royce Holding PLC
17.6. GE Aviation
17.7. Pratt & Whitney
17.8. Lufthansa Technik
17.9. Hong Kong Aircraft Engineering Company Limited
17.10. Air France Industries KLM Engineering & Maintenance
17.11.Delta TechOps
17.12. CFM International
17.13. ST Aerospace
17.14. SIA Engineering Company
17.15. Sigma Aerospace
17.16. Other Prominent Players
18. APPENDIX
19. CONSULTANT RECOMMENDATION
