Aircraft Component MRO Market Size is Expected to Reach US$ 18.6 Billion by 2024

IMARC Group latest report “Aircraft Component MRO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” finds that the global aircraft component MRO market was worth US$ 16.2 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 18.6 Billion by 2024, at a projected CAGR of 2.3% during 2019-2024. Aircraft component MRO, also known as maintenance, repair and overhaul, is a set of administrative, managerial, and supervision activities. As aircraft component MRO accounts for a significant portion of airline expenses, this trend has created numerous growth opportunities in the market.

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Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Aircraft Type:

• Narrow Body
• Wide-Body
• Regional Jets/Turboprop

Market Breakup by Component:

• Fuselage
• Empennage
• Landing Gear
• Wings
• Engine
• Others

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Market Breakup by Application:

• Commercial Air Transport
• Business and General Aviation
• Military Aviation

Market Breakup by Region:

• Europe
• North America
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Delta TechOps (U.S.), Lufthansa Technik AG (Germany), Air France Industries KLM Engineering & Maintenance (France), HAECO (Japan), Honeywell International (U.S.), ST Aerospace (Singapore), AAR Corp.(U.S.), Barnes Aerospace (U.S.), FL Technics (Lithuania), Turkish Technic, Inc. (Turkey), etc.

The research report offers detailed insights about the global aircraft component MRO market. It evaluates the competitive scenario and latest happenings in the industry including political and economic environments as well as high-growth regions. The report also helps in studying target segments and sub-segments while providing information on the leading segments. Apart from this, it also focuses on providing historical market values, and pricing and cost analysis.

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