Press release
Aircraft MRO Market Booming the Industries by Ravisisng keyplayers | Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, MTU Maintenance, AAR Corp., Rolls-Royce, SR Technics, SIA Engineering, Delta TechOps, Haeco, JAL Engineering and more
Aircraft MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. 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 global Aircraft MRO market is valued at 117700 million USD in 2018 and is expected to reach 146100 million USD by the end of 2024, growing at a CAGR of 3.7% between 2019 and 2024.
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Scope of the Report:
The market size of aircraft MRO is related to downstream demand and global economy. As there will always be some uncertainties in the global economy in the following years, the growth rate of aircraft MRO market might not keep that fast. But it is surely forecasted that the market of aircraft is still promising.
The global aircraft MRO industry markets mainly concentrate in North America, Europe and China, Singapore and Korea. North America's revenue accounted for the highest market share (41%) in 2017, followed by Europe.
These companies tend to compete against each other globally to supply most of the largest aircraft MRO markets. In many markets, these leading global firms also face competition from local players.
The global market of aircraft MRO has mainly been driven by its downstream industry, the strong growth of the fleet in the last decade. Economic investment and national policies are also the main growth catalysts for the market.
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.
Market Segment by Companies, this report covers
Lufthansa Technik
GE Aviation
AFI KLM E&M
ST Aerospace
MTU Maintenance
AAR Corp.
Rolls-Royce
SR Technics
SIA Engineering
Delta TechOps
Haeco
JAL Engineering
Ameco Beijing
TAP M&E
ANA
British Airways Engineering
Korean Air
Iberia Maintenance
Market Segment by Type, covers
Engine Maintenance
Components Maintenance
Airframe Heavy Maintenance
Line Maintenance Modification
Market Segment by Applications, can be divided into
Commercial
Military
Table of Contents
1 Aircraft MRO Market Overview
2 Manufacturers Profiles
3 Global Aircraft MRO Market Competition, by Players
4 Global Aircraft MRO Market Size by Regions
5 North America Aircraft MRO Revenue by Countries
6 Europe Aircraft MRO Revenue by Countries
7 Asia-Pacific Aircraft MRO Revenue by Countries
8 South America Aircraft MRO Revenue by Countries
9 Middle East and Africa Revenue Aircraft MRO by Countries
10 Global Aircraft MRO Market Segment by Type
11 Global Aircraft MRO Market Segment by Application
12 Global Aircraft MRO Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
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