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Aircraft Maintenance Market Outlook 2023-2032: Trends, Demand And Analysis | General Electric Aerospace, Lufthansa Technik, AAR Corp., Delta Techops, ST Engineering
Aircraft Maintenance Market
Aircraft Maintenance Market Size, Growth Rate, And Forecast
The global aircraft maintenance market size is expected to grow from $42.24 billion in 2022 to $44.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft maintenance market is expected to reach $54.03 billion in 2027 at a CAGR of 4.94%.
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Aircraft Maintenance Market Drivers
The increase in the number of air passengers is expected to boost the growth of the aircraft maintenance market going forward. An air passenger is a person or business involved primarily in the transportation of people by aircraft in interstate commerce. The prime reason for ongoing aircraft maintenance is the safety of all on board, particularly passengers.
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Aircraft Maintenance Market Segments
• By Service Type: Engine Overhaul, Line Maintenance, Modification, Components, APU.
• By Aircraft Type: Narrow-Body, Wide-Body.
• By Organization Type: Independent MRO, Original Equipment Manufacture MRO, Other Organization Types.
• By End-User: Commercial Aircraft, Military Aircraft.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Aircraft Maintenance market.
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Aircraft Maintenance Market Key Players
Major competitors in the aircraft maintenance market include General Electric Aerospace, Lufthansa Technik, AAR Corp., Delta Techops, ST Engineering, Royal Royce, MTU Maintenance, Hong Kong Aircraft Engineering Co. Ltd.
The Business Research Company's "Global Aircraft Maintenance Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Aircraft Maintenance Market Include:
1. Executive Summary
2. Aircraft Maintenance Market Characteristics
3. Aircraft Maintenance Market Trends And Strategies
4. Aircraft Maintenance Market - Macro Economic Scenario
5. Aircraft Maintenance Market Size And Growth
……
26. Africa Aircraft Maintenance Market
27. Aircraft Maintenance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Maintenance Market
29. Aircraft Maintenance Market Future Outlook and Potential Analysis
30. Appendix
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