Airframe MRO Market in Aircraft 2018 Global Industry Key Leaders: AAR Corp., Lufthansa Technik, Evergreen Aviation Technologies, Aviation Technical Services, Sabena Technics

Market Synopsis

The aircraft airframe consists of some crucial flight control systems that are important for the aircraft operations such as take-off and landing, by providing high pitch and roll. Therefore, it is very important for the aircraft operators to ensure high efficiency or productivity of these systems. The major factors driving the global aircraft airframe MRO market are rapid fleet expansion and outsourcing of airframe MRO. The expansion of the existing commercial aircraft fleet and the increasing needs for airframe maintenance would result in increased MRO activities, during the forecast period. Thus, the global market is expected to grow at a CAGR of approximately 4%, during the forecast period.

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Competitive Analysis

The key players of the global aircraft airframe MRO market are 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 the global market.

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

Market Drivers:
MRO outsourcing is creating new opportunities for the growth of this segment. During 2016, more than 21,000 wide body & commercial narrow aircrafts where active across the globe. Another is, business ‘aircraft fleet’ expansions merger with airline launches may lead to rising MRO operations in coming years. As per report study it is also predicted that business fleets may substitute around thousands of innovative aircrafts in the next two decades. Even, the number of travelers around the globe is increase, this factor also fuel the demand for aircraft airframe MRO market.
In recent time, new MRO firms have enter the market with their innovative services and solutions. This has led domestic firms to participate in aircraft MRO activities. Due to which trading between various nations is boosted, as result of this cargo-plane service is also increases.
On the other side, the increasing retirement of maintenance intensive aircraft and overall time required to carry out aircraft airframe MRO activities, are the factor that may restrict the market growth of aircraft airframe MRO.

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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