Aircraft Engine MRO Market 2018 Global Trends, Statistics, Size, Share, Regional Analysis by Key Players | Industry Forecast by Installation, Application, Industry Verticals

Market Scenario

Development of next-generation engines is major factor driving the growth of the market. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine available in the market, and had received more than USD 100 billion in orders by 2015, which has propelled the market for aircraft engines. Additionally, need for proper maintenance of engines & engine components, is also driving the growth of the aircraft engines MRO market. However, environmental Hazards is the factor that may hamper the growth of the market.

The global aircraft engine MRO market is expected to grow at 6.43% CAGR during the forecast period.

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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– 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

Competitive Analysis:

With increasing number of service providers in the market, the competition among the players in the global aircraft engine MRO market is strengthening. Rise in investment for improving the services that are being provided and strategic mergers and acquisitions are aiding the market players in expanding their businesses in highly competitive environment of the global aircraft engine MRO market.
In July 2018, IATA has announced that it had entered into an agreement with CFM International, a joint venture between GE Aviation and Safran Aircraft Engines. This agreement is considered to be strengthening the competition for MRO work.
In July 2018, Lufthansa Technik (LHT) has developed a new waterless engine wash procedure, Cyclean dry ice. This system uses mobile blasting system that shoots tiny dry ice pellets to dislodge dirt from aircraft engines and can wash engines in below-freezing weather.

Key Players

The leading players of the global aircraft engine MRO market that are profiled in the report published by MRFR are GE Aviation (U.S.), Rolls-Royce (U.K.), Pratt & Whitney (U.S.), Delta TechOps (U.S.), Lufthansa Technik (Germany), Safran Aircraft Engines (Paris), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), MTU Aero Engines (Germany), and ST Aerospace (Singapore).

Segmentation:

For the convenience of the report and enhanced understanding; The Aircraft Engine MRO Market is segmented in to 3 key dynamics
Segmentation by Application: Commercial Air Transport, and Business & General Aviation.
Segmentation by Types: Widebody Aircraft, and Narrowbody Aircraft.
Segmentation by Regions: Comprises Geographical regions - Americas (North & Latin), Europe, APAC and Middle East & Africa.

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Regional Analysis
Geographically, the global aircraft engine MRO market is segmented into five major regions such as North America, South America, Asia Pacific and the Middle East and Africa. Among these, the aircraft engine MRO market in the North America region accounts for the largest share in the global aircraft engine MRO market. The market in this region is driven by the presence of large pool of aircraft manufacturers and aircraft engine MRO service providers. The Asia Pacific region accounts for the second largest share in the global aircraft engine MRO market due to the increasing number of aircraft fleets owned by various new airlines in the emerging economies of this region.

Target Audience
• Manufacturing Organizations
• Distributors & Suppliers
• Research Institute / Education Institute
• Potential Investors

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This release was published on openPR.