Aviation Engine MRO Market: growing demand for refurbishment services to drive the market.

The global Aviation Engine MRO market size was valued at $35.28 Billion in 2020 and is expected to reach $62.47 Billion by 2028 growing at the CAGR of 7.06% from 2021 to 2028.

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Global Aviation Engine MRO Drivers:

An increasing number of travelers in the emerging market countries coupled with an increase in investments for maintenance services is expected to propel the global MRO (Maintenance, Repair, Overhaul) aircraft engine market in the next few years. The growing demand for refurbishment services is also expected to positively influence growth rates during the forecast period.

However, environmental hazards related to Aircraft Engine MRO are anticipated to have a negative impact on this market over the next eight years.

Covid-19 Scenario:
● Impact on Market Size
● End-User Trend, Preferences, and Budget Impact
● Regulatory Framework/Government Policies
● Key Players Strategy to Tackle Negative Impact
● Opportunity Window

Global Aviation Engine MRO Market Segments:
The global Aviation Engine MRO market is further segmented into Type, Engine Type, Application, and geography.
● By Type: Widebody Aircraft, Narrowbody Aircraft

● By Engine Type: Turbine engine, Piston engine

● By Application: Commercial Air Transport, Business & General Aviation

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

During the forecast period, Asia Pacific is projected to show the highest demand for aircraft engine maintenance and repair. Demand growth is largely due to increased airline traffic, which is driving growth in the region's aircraft movements. Aircraft operators are making preparations in the area to increase their MRO network.

In addition, some developing nations' rising military spending on modernization programs is contributing to aircraft life extension plans as nations seek more sophisticated craft featuring greater propulsion capabilities than previous models, creating demand for MRO in the coming years.

Key Players of Global Aviation Engine MRO Market:
● GE Aviation
● Rolls-Royce
● Pratt & Whitney
● Lufthansa Technik
● Safran Aircraft Engines
● SIA Engineering Company
● Air France Industries KLM Engineering & Maintenance
● MTU Aero Engines
● ST Aerospace
● Delta TechOps

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Key Questions Answered Through The Report:
● The Impact of COVID-19 on the global market
● What are the potential opportunities for new entrants in the global market
● What is the market Size and Forecast from 2020 to 2028?
● Key Players associated with the global Aviation Engine MRO Market
● Value Chain Analysis of Global Aviation Engine MRO Market
● What is the CAGR of the global Aviation Engine MRO Market from 2021 to 2028
● Major Growth Factor, Challenges, Trends, and Opportunities in the global market
● Key outcomes of SWOT Analysis

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