Airframe MRO Market in Aircraft Industry by Leading Key Leaders: Aviation Technical Services, Sabena Technics, Turkish Technic, Lufthansa Technik, Air France KLM Engineering

Market Highlights:

Aircraft airframe MRO is a complex process as it entails repair and upgrade of the wide body and narrow body aircrafts. Airframe MRO facilities are required to undertake tasks, which include corrosion prevention, control programs, and structure reinforcement among others. The wide body segment is expected to significantly drive the growth of airframe MRO segment.

The global aircraft airframe MRO market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. The major companies in the market are competing in terms of availability, quality, price, and technology. They primarily focus on the implementation of lightweight materials, electric technologies, and robust systems. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period.

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Major Key Players

Air France KLM Engineering & Maintenance (France),
Singapore Technologies Aerospace (Singapore),
HAECO (Hong Kong),
AAR Corp. (U.S.),
Lufthansa Technik AG (Germany),
GAMECO (China),
Turkish Technic Inc. (Turkey),
Evergreen Aviation Technologies (EGAT) (Taiwan),
Aviation Technical Services (U.S.), and Sabena Technics (France). In 2016, these companies accounted for a share of % of the global market.

The global Aircraft Airframe MRO Market is expected to grow at a CAGR of approximately 4%, from 2017 to 2023.

Regional Analysis

Europe is one of the major regions for the global aircraft airframe MRO market. In 2016, there were over 4,500 aircraft in the region, and the number is expected to reach more than 8,000 fleets by 2035. Since Europe is home to Airbus, all the MRO activities for the planes of the company would be carried out by Europe-based companies such as Air France KLM and Lufthansa Technik, which are among the major companies in the market. With the increase in the number of aircraft, it is expected that there would be larger participation of the regional companies, in providing MRO services for the aircraft.
In 2016, North America was the second-largest region for the global aircraft MRO market. A number of the major MRO service providers such as Airbus and Honeywell, are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.

Segmentation:
For the convenience of the report and enhanced understanding; The Aircraft Airframe MRO Market is segmented in to 4 key dynamics
Segmentation by Airframe Parts: Fuselage, Wing, Windows & Windshields, Doors, Elevator, and Others.
Segmentation by Aircraft Type: Narrow-body, Wide-body, and Others.
Segmentation by Application: Commercial Air Transport, Business and General Aviation, and Military Aviation.
Segmentation by Regions: Comprises Geographical regions – North America, Asia-Pacific, Europe, Middle East and Africa, and Latin America.

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LIST OF TABLES
TABLE 1 GLOBAL AIRCRAFT AIRFRAME MRO MARKET, BY AIRFRAME PARTS
TABLE 2 GLOBAL AIRCRAFT AIRFRAME MRO MARKET, BY AIRCRAFT TYPE
TABLE 3 GLOBAL AIRCRAFT AIRFRAME MRO MARKET, BY APPLICATION
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LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AIRCRAFT AIRFRAME MRO MARKET: BY AIRFRAME PARTS (%)
FIGURE 3 GLOBAL AIRCRAFT AIRFRAME MRO MARKET: BY AIRCRAFT TYPE (%)
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