Press release
Global Aircraft Engine MRO Market is projected to reach 51100 Million US$ by 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Aircraft Engine MRO is the description of maintenance repair and overhaul to aircraft engine, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of its engines. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.
The MRO system can be understood as a complex socio-technical system organized and operated to achieve aircraft availability and operation safety at minimal cost. As a complex socio-technical system, it consists of various layers: The environmental context, organizational structure, management, infrastructure, workers and the technical core.
The largest aircraft engine MRO industry markets have been North America, Europe and China. And the market is supplied by a combination of large multinational firms and smaller local companies. The leading global firms include GE Aviation, Pratt & Whitney Division, , Rolls Royce and MTU, among others. These companies tend to compete against each other globally to supply most of the largest aircraft engine MRO markets. In many markets, these leading global firms also face competition from local supplier.
This growth of aircraft engine MRO industry is driven by the strong growth of the fleet in the last decade
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, core technology improvement, manufacturing equipment innovation, and brand establishment.
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The Aircraft Engine MRO market was valued at 27000 Million US$ in 2017 and is projected to reach 51100 Million US$ by 2025, at a CAGR of 8.3% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Aircraft Engine MRO.
The following manufacturers are covered in this report:
GE
Rolls-Royce
MTU Maintenance
Lufthansa Technik
Pratt & Whitney
Air France/KLM
Snecma
Delta TechOps
Standard Aero
BBA Aviation
Chromalloy
ITP
Air New Zealand
Bet Shemesh
IAI
Wood Group Turbopower
Sigma Aerospace
Hellenic Aerospace
Sabraliner
Asia Pacific Aerospace
Aircraft Engine MRO Breakdown Data by Type
Maintenance
Repair
Overhaul
Aircraft Engine MRO Breakdown Data by Application
Civil Aircraft
Military Aircraft
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