Commercial Aircraft MRO Market SWOT Analysis to 2026 Lead By AAR, Air France Industries KLM Engineering & Maintenance, Airbus, Boeing, BOMBARDIER, Embraer, GE Aviation, General Dynamics, Honeywell Aerospace, HAECO, Lufthansa Technik, MTU Aero Engines, Rol

The global commercial aircraft MRO market is anticipated to grow at a commendable pace, on account of the rising number of air passengers and increasing production as well as deliveries of aircrafts. The development of low-cost carriers has enabled increased affordability, leading to rising sales of inexpensive flight tickets for various routes across the globe. Moreover, various regulatory authorities are also focusing on introducing strict reforms regarding the aircraft's suitability for a safe flight. This factor along with growing demand for low maintenance aircrafts for long duration flights and rising capita per income are driving the commercial aircraft MRO market growth.

The competitive landscape of commercial aircraft MRO market is inclusive of players such as AAR, Air France Industries KLM Engineering & Maintenance, Airbus, Boeing, BOMBARDIER, Embraer, GE Aviation, General Dynamics, Honeywell Aerospace, HAECO, Lufthansa Technik, MTU Aero Engines, Rolls-Royce, Safran.

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Owing to the benefit of providing a better connection for airports and network carrier hubs, regional jets may observe heavy demand in the forecast timespan. In fact, the segment is poised to show a appreciative growth rate of approximately 4.8% by 2026.

Presently, several aircraft manufacturers are investing heavily in lightweight materials and advanced technologies, which would pave the way for the creation of new, efficient, and innovative aircrafts, further augmenting the segment growth.

Speaking of the service providers, independent service providers would represent a major chunk of the commercial aircraft MRO industry, accounting for more than 60% of the total share through 2026. The business flexibility along with various repair, overhaul, and maintenance service options are playing a vital role in the proliferation of the segment in the commercial aircraft MRO market.

According to estimates, the independent service provider segment in commercial aircraft MRO market is presumed to hold 60% share by the year 2026. These type of service providers not only offer business flexibility but also provide with varied overhaul service, repair and maintenance alternatives. Adding to this, independent service providers offer superior machinery, equipment and tools as well as high skilled technicians, thereby aiding the business scenario.

Elaborating on the geographical landscape, North America is poised to acquire more than a quarter of the market share during the study period. There has been an upsurge in backlogs for demand and supply of aircrafts. Adding to this, increasing production of aircrafts and booming tourism industry are favoring the market outlook in North America.

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These commercial aircraft MRO market majors are conducting various business strategies such as mergers and acquisitions in order to expand their operations as well as to gain a competitive edge in the overall industry. In January 2019 for instance, Dassault Aviation joined forces with ExecuJet MRO operations in order to strengthen its position in Middle Eastern and Asia-Pacific regions.

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