Aircraft Heavy Maintenance Visits Market to witness a CAGR of 6% Through 2023 | AAR, Air France, Airbus, Barnes Aero, Delta TechOps, EGAT, Honeywell, Lufthansa Technik and Turkish Technic

Global Aircraft Heavy Maintenance Visits (HMV) Market Report Information by Type (Airframe HMV, Engine HMV, Other Component HMV), by Aircraft Type (Fixed Wing (Wide-body, Narrow-body), & Rotary Wing), Platform (Commercial & Cargo) & by Region-Forecast Till 2023

The key players in aircraft heavy maintenance visits market are AAR (U.S.), Air France KLM (France), Airbus S.A.S (France), Barnes Aerospace (U.S.), Delta TechOps (U.S.), EGAT (Taiwan), Honeywell International (U.S.), Lufthansa Technik AG (Germany), ST Aerospace (Singapore), and Turkish Technic, Inc. (Turkey).

Market research future published a half cooked research report on the global aircraft heavy maintenance visits market. The aircraft heavy maintenance visits market is estimated to witness a CAGR of more than 6% during the forecast period from 2018 to 2023.

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Market Highlights

On the basis of type, the aircraft HMV market has been segmented into airframe HMV, engine HMV, and component HMV. Airframe maintenance is carried out at a lower unit cost. Low-cost maintenance is possible because of the increased usage of lightweight fiber materials and hybrid alloys in the new-generation aircraft. This provides better fatigue and erosion resistance than the materials that were used in the conventional aircraft. As a result, there is a lesser failure rate and lower wear and tear, which minimizes the requirement for the airframe maintenance.

In the engine HMV segment, advancements in engine technologies have led to the development of more fuel-efficient engines, which can operate at greater temperatures and high stresses. Such engines require highly skilled maintenance service providers to carry out maintenance on the advanced and complex engines parts. The complexity of the maintenance increases the cost associated with it. Engine maintenance visits are performed on a scheduled basis, which includes repair, maintenance, inspection, and preventive maintenance to restore the performance of the engine. Engine maintenance is often divided into floor visit overhaul work and Life-Limited Parts (LLP) maintenance work. In these maintenance visits, the engine is detached from the aircraft for a period and after maintenance, the engine is assembled to the aircraft, which results in high maintenance costs. Due to these reasons, the engine HMV market segment will contribute the largest share and will have a moderate rate of growth, during the forecast period.

Concurrently, the turboprop engines are expected to drop in fleet size and market share. It is expected that, there will be a decrease in the number of turboprop-powered aircraft, during the forecast period. Therefore, the HMV market for turboprop-powered aircraft will witness a slower growth as compared to the other aircraft.

Scope of the Report

This study provides an overview of the global aircraft heavy maintenance visits market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East and Africa, Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global aircraft heavy maintenance visits market by its Type, Aircraft type, Platform, and Region.

Market Segments

On the basis of type, the aircraft HMV market has been segmented into airframe HMV, engine HMV, and component HMV. Airframe maintenance is carried out at a lower unit cost. Low-cost maintenance is possible because of the increased usage of lightweight fiber materials and hybrid alloys in the new-generation aircraft. This provides better fatigue and erosion resistance than the materials that were used in the conventional aircraft. As a result, there is a lesser failure rate and lower wear and tear, which minimizes the requirement for the airframe maintenance.

On the basis of aircraft type, the market is segmented as fixed wing & rotary wing, fixed wing is further bifurcated as wide-body aircraft and narrow-body aircraft. Low-cost airline operators generally prefer narrow-body aircraft. Of late, due to the growth in air travel, Asia Pacific holds a major potential in the aircraft MRO market. The aircraft HMV market is growing at a rapid pace, owing to the growing number of MRO facilities in emerging countries, such as India, Indonesia, and China.

On the basis of platform, this market is segmented by cargo and commercial aircraft. Although the cargo aircraft fleet will play an important role in air service, its relative share with respect to the commercial airline fleet will decrease, over the next decade. This drop in the number of cargo airplanes is anticipated as the new passenger aircraft are also used for air cargo transportation. This has resulted in the aircraft manufacturers offering more cargo space in the commercial aircraft.

The North American region headed the global aircraft HMV market, while the other regions had moderate shares, in 2017. Due to the increasing passenger demand in Asia Pacific, the aircraft traffic in the region is expected to grow exponentially, in the next few years. It is also expected that Asia will operate nearly 40% of the total global aircraft fleet by the end of the forecast period. As a result, it is expected that the Asia Pacific region would witness the fastest growth, during the forecast period.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continued.......

List Of Tables

Table 1 Global Aircraft Heavy Maintenance Visits Unit Market: By Region, 2018-2023
Table 2 North America Aircraft Heavy Maintenance Visits Unit Market: By Country, 2018-2023
Table 3 Europe Aircraft Heavy Maintenance Visits Unit Market: By Country, 2018-2023
Table 4 Asia Pacific Aircraft Heavy Maintenance Visits Unit Market: By Country, 2018-2023
Table 5 Middle East & Africa Aircraft Heavy Maintenance Visits Unit Market: By Country, 2018-2023
Table 6 South America Aircraft Heavy Maintenance Visits Unit Market: By Country, 2018-2023
Table 7 Global Aircraft Heavy Maintenance Visits Unit Market, By Component Type, By Regions, 2018-2023
Table 8 North America Aircraft Heavy Maintenance Visits Unit Market, By Component Type, By Country, 2018-2023
Table 9 Europe Aircraft Heavy Maintenance Visits Unit Market, By Component Type, By Country, 2018-2023

Continued.......

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