Power by the Hour (PBH) Market Poised for Growth by 2025, Analytical Trends, Key Players and Industry Forecast

QY Research has recently published a research report titled, "Global Power by the Hour (PBH) Market Insights, Industry Share, Sales Projections, and Demand Outlook 2025-2031". The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Power by the Hour (PBH) market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Power by the Hour (PBH) market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Power by the Hour (PBH) market. All of the leading companies included in the report are profiled based on gross margin, market share, future plans, recent developments, target customer demographics, products and applications, and other critical factors.

The global market for Power by the Hour (PBH) was estimated to be worth US$ 25920 million in 2024 and is forecast to a readjusted size of US$ 38760 million by 2031 with a CAGR of 6.0% during the forecast period 2025-2031.

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Power by the Hour (PBH) is a maintenance program provided by aircraft manufacturers as well as aircraft engine & component providers to aircraft operators. Power by the Hour (PBH) contracts allow better and efficient management of budgets. Thus, costs allocated towards MRO services can be rationalised.

Global 5 largest manufacturers of Power by the Hour (PBH) are GE Aviation, Rolls-Royce plc, MTU Aero Engines AG, AFI KLM E&M and Raytheon Technologies, which make up over 52%. Among them, GE Aviation is the leader with about 22% market share. North America is the largest market, with a share over 30%, followed by Europe and Asia-Pacific, both with the share about 25%. In terms of product type, Engine occupies the largest share of the total market, about 40%. And in terms of application, the largest application is Commercial Aviation, followed by Business Jet.

The driving factors of the Power by the Hour (PBH) market can be summarized as follows:

1. Cost-effectiveness and customer relations

Cost predictability: The PBH model allows airlines and operators to pay for the operation and maintenance of aircraft engines at a fixed hourly rate, thus providing cost predictability. This cost structure helps airlines better manage their budgets and reduce the financial risks associated with engine maintenance.

Deepening customer relationships: The PBH model promotes a closer cooperative relationship between suppliers and customers (airlines). Through long-term cooperation, both parties can build trust and achieve a win-win situation.

2. Industry development trends and demand

Global expansion of the aviation industry: As airlines advance their global expansion strategies, route networks continue to expand, and the demand for engine maintenance also grows. The PBH model can efficiently meet this cross-regional maintenance demand and promote market development.

Demand for energy conservation and environmental protection: The PBH model may incentivize suppliers to adopt more advanced engine technologies to improve fuel efficiency and reduce emissions. This is in line with the aviation industry's growing concern about energy conservation and environmental protection, and is also an important factor driving the development of the PBH market.

3. Technology and supply chain support

Technological progress: With the continuous development of aviation technology, the technology of aircraft and engines is also constantly updated. PBH suppliers need to constantly adapt to new technologies and provide high-quality maintenance services to meet customer needs. This technological progress has promoted the continued development of the PBH market.

Supply chain stability: The instability of the global supply chain and the fluctuation of raw material prices may have an adverse impact on PBH suppliers. However, with the continuous maturity and improvement of supply chain management, PBH suppliers are better able to cope with these challenges and ensure the timeliness and stability of spare parts supply, thereby promoting market development.

4. Market competition and cooperation

Market competition: In the PBH market, there are many competitive suppliers, such as GE Aviation, Rolls-Royce plc, MTU Aero Engines, etc. These suppliers compete for market share by providing high-quality services and continuous innovation, which has promoted the prosperity of the PBH market.

Cooperation and win-win: The PBH model promotes cooperation between suppliers and airlines. By sharing risks and responsibilities, both parties can achieve a win-win situation. This cooperation model helps to promote the further development of the PBH market.

In summary, the driving factors of the PBH market mainly include cost-effectiveness and deepening of customer relationships, industry development trends and growth in demand, support from technology and supply chains, and market competition and cooperation. These factors have jointly promoted the continuous development and growth of the PBH market.

Market Competition

The vendor landscape and competitive scenarios of the global Power by the Hour (PBH) market are broadly analyzed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the global Power by the Hour (PBH) market. Market players can use the analysis to prepare themselves for any future challenges well in advance.

Key Players Mentioned in the Global Power by the Hour (PBH) Market Research Report:

GE Aviation
Rolls-Royce plc
MTU Aero Engines AG
AFI KLM E&M
Raytheon Technologies
ST Engineering
Lufthansa Technik
Textron Inc.
AAR
HAECO Group
Turkish Technic
JSSI
AJW Group
Ameco
EFTEC UK LTD

Market Segments

The report comes out as an accurate and highly detailed resource for gaining significant insights into the growth of different product and application segments of the global Power by the Hour (PBH) market. Each segment covered in the report is exhaustively researched about on the basis of market share, growth potential, drivers, and other crucial factors. The segmental analysis provided in the report will help market players to know when and where to invest in the global Power by the Hour (PBH) market. Moreover, it will help them to identify key growth pockets of the global Power by the Hour (PBH) market.

Segment by Type:

Engine
Landing Gear and Brakes
Spare Parts and Component
Airframes

Segment by Application:

Commercial Aviation
Business Jet
Commercial Helicopter

Regional Growth

The report offers in-depth analysis of key regional and country-level Power by the Hour (PBH) markets, taking into account their market size, CAGR, market potential, future developments, and other significant parameters. It includes geographical analysis of both developed and emerging markets for Power by the Hour (PBH). This helps readers to understand the growth pattern of the Power by the Hour (PBH) market in different regions and countries. In addition, the regional analysis will provide market players an extremely important resource to plan targeted strategies to expand into key regional markets or tap into unexplored ones.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

While planning the strategic initiatives, market participants come across various questions and uncertainties. This report resolves various queries that most market players have regarding the global Power by the Hour (PBH) market.

Important Questions Answered included in the Report:

(1) Does the global Power by the Hour (PBH) market have growth potential?

(2) What are the growth opportunities for the new entrants in the global Power by the Hour (PBH) market?

(3) Who are the leading manufacturers operating in the global Power by the Hour (PBH) market? Will they maintain their dominance in future?

(4) What are the key strategies that market players may adopt to strengthen their presence in the global Power by the Hour (PBH) market?

(5) How will the competitive scenario undergo a change in years to come?

(6) What are the emerging trends that may influence the growth of the global Power by the Hour (PBH) market?

(7) What are the factors that may hamper the global Power by the Hour (PBH) market growth in the years ahead?

(8) Which product type segment is expected to exhibit promising growth in the near future?

(9) What application is anticipated to grab a major share in the global Power by the Hour (PBH) market?

(10) Which region is likely to emerge as a lucrative regional market in the forthcoming years?

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Table of Content

1 Market Overview
1.1 Power by the Hour (PBH) Product Introduction
1.2 Global Power by the Hour (PBH) Market Size Forecast (2020-2031)
1.3 Power by the Hour (PBH) Market Trends & Drivers
1.3.1 Power by the Hour (PBH) Industry Trends
1.3.2 Power by the Hour (PBH) Market Drivers & Opportunity
1.3.3 Power by the Hour (PBH) Market Challenges
1.3.4 Power by the Hour (PBH) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Power by the Hour (PBH) Players Revenue Ranking (2024)
2.2 Global Power by the Hour (PBH) Revenue by Company (2020-2025)
2.3 Key Companies Power by the Hour (PBH) Manufacturing Base Distribution and Headquarters
2.4 Key Companies Power by the Hour (PBH) Product Offered
2.5 Key Companies Time to Begin Mass Production of Power by the Hour (PBH)
2.6 Power by the Hour (PBH) Market Competitive Analysis
2.6.1 Power by the Hour (PBH) Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Power by the Hour (PBH) Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power by the Hour (PBH) as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Engine
3.1.2 Landing Gear and Brakes
3.1.3 Spare Parts and Component
3.1.4 Airframes
3.2 Global Power by the Hour (PBH) Sales Value by Type
3.2.1 Global Power by the Hour (PBH) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Power by the Hour (PBH) Sales Value, by Type (2020-2031)
3.2.3 Global Power by the Hour (PBH) Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Commercial Aviation
4.1.2 Business Jet
4.1.3 Commercial Helicopter
4.2 Global Power by the Hour (PBH) Sales Value by Application
4.2.1 Global Power by the Hour (PBH) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Power by the Hour (PBH) Sales Value, by Application (2020-2031)
4.2.3 Global Power by the Hour (PBH) Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Power by the Hour (PBH) Sales Value by Region
5.1.1 Global Power by the Hour (PBH) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Power by the Hour (PBH) Sales Value by Region (2020-2025)
5.1.3 Global Power by the Hour (PBH) Sales Value by Region (2026-2031)
5.1.4 Global Power by the Hour (PBH) Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Power by the Hour (PBH) Sales Value, 2020-2031
5.2.2 North America Power by the Hour (PBH) Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Power by the Hour (PBH) Sales Value, 2020-2031
5.3.2 Europe Power by the Hour (PBH) Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Power by the Hour (PBH) Sales Value, 2020-2031
5.4.2 Asia Pacific Power by the Hour (PBH) Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Power by the Hour (PBH) Sales Value, 2020-2031
5.5.2 South America Power by the Hour (PBH) Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Power by the Hour (PBH) Sales Value, 2020-2031
5.6.2 Middle East & Africa Power by the Hour (PBH) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Power by the Hour (PBH) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Power by the Hour (PBH) Sales Value, 2020-2031
6.3 United States
6.3.1 United States Power by the Hour (PBH) Sales Value, 2020-2031
6.3.2 United States Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Power by the Hour (PBH) Sales Value, 2020-2031
6.4.2 Europe Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Power by the Hour (PBH) Sales Value, 2020-2031
6.5.2 China Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Power by the Hour (PBH) Sales Value, 2020-2031
6.6.2 Japan Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Power by the Hour (PBH) Sales Value, 2020-2031
6.7.2 South Korea Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Power by the Hour (PBH) Sales Value, 2020-2031
6.8.2 Southeast Asia Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Power by the Hour (PBH) Sales Value, 2020-2031
6.9.2 India Power by the Hour (PBH) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Power by the Hour (PBH) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 GE Aviation
7.1.1 GE Aviation Profile
7.1.2 GE Aviation Main Business
7.1.3 GE Aviation Power by the Hour (PBH) Products, Services and Solutions
7.1.4 GE Aviation Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.1.5 GE Aviation Recent Developments
7.2 Rolls-Royce plc
7.2.1 Rolls-Royce plc Profile
7.2.2 Rolls-Royce plc Main Business
7.2.3 Rolls-Royce plc Power by the Hour (PBH) Products, Services and Solutions
7.2.4 Rolls-Royce plc Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.2.5 Rolls-Royce plc Recent Developments
7.3 MTU Aero Engines AG
7.3.1 MTU Aero Engines AG Profile
7.3.2 MTU Aero Engines AG Main Business
7.3.3 MTU Aero Engines AG Power by the Hour (PBH) Products, Services and Solutions
7.3.4 MTU Aero Engines AG Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.3.5 MTU Aero Engines AG Recent Developments
7.4 AFI KLM E&M
7.4.1 AFI KLM E&M Profile
7.4.2 AFI KLM E&M Main Business
7.4.3 AFI KLM E&M Power by the Hour (PBH) Products, Services and Solutions
7.4.4 AFI KLM E&M Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.4.5 AFI KLM E&M Recent Developments
7.5 Raytheon Technologies
7.5.1 Raytheon Technologies Profile
7.5.2 Raytheon Technologies Main Business
7.5.3 Raytheon Technologies Power by the Hour (PBH) Products, Services and Solutions
7.5.4 Raytheon Technologies Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.5.5 Raytheon Technologies Recent Developments
7.6 ST Engineering
7.6.1 ST Engineering Profile
7.6.2 ST Engineering Main Business
7.6.3 ST Engineering Power by the Hour (PBH) Products, Services and Solutions
7.6.4 ST Engineering Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.6.5 ST Engineering Recent Developments
7.7 Lufthansa Technik
7.7.1 Lufthansa Technik Profile
7.7.2 Lufthansa Technik Main Business
7.7.3 Lufthansa Technik Power by the Hour (PBH) Products, Services and Solutions
7.7.4 Lufthansa Technik Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.7.5 Lufthansa Technik Recent Developments
7.8 Textron Inc.
7.8.1 Textron Inc. Profile
7.8.2 Textron Inc. Main Business
7.8.3 Textron Inc. Power by the Hour (PBH) Products, Services and Solutions
7.8.4 Textron Inc. Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.8.5 Textron Inc. Recent Developments
7.9 AAR
7.9.1 AAR Profile
7.9.2 AAR Main Business
7.9.3 AAR Power by the Hour (PBH) Products, Services and Solutions
7.9.4 AAR Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.9.5 AAR Recent Developments
7.10 HAECO Group
7.10.1 HAECO Group Profile
7.10.2 HAECO Group Main Business
7.10.3 HAECO Group Power by the Hour (PBH) Products, Services and Solutions
7.10.4 HAECO Group Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.10.5 HAECO Group Recent Developments
7.11 Turkish Technic
7.11.1 Turkish Technic Profile
7.11.2 Turkish Technic Main Business
7.11.3 Turkish Technic Power by the Hour (PBH) Products, Services and Solutions
7.11.4 Turkish Technic Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.11.5 Turkish Technic Recent Developments
7.12 JSSI
7.12.1 JSSI Profile
7.12.2 JSSI Main Business
7.12.3 JSSI Power by the Hour (PBH) Products, Services and Solutions
7.12.4 JSSI Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.12.5 JSSI Recent Developments
7.13 AJW Group
7.13.1 AJW Group Profile
7.13.2 AJW Group Main Business
7.13.3 AJW Group Power by the Hour (PBH) Products, Services and Solutions
7.13.4 AJW Group Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.13.5 AJW Group Recent Developments
7.14 Ameco
7.14.1 Ameco Profile
7.14.2 Ameco Main Business
7.14.3 Ameco Power by the Hour (PBH) Products, Services and Solutions
7.14.4 Ameco Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.14.5 Ameco Recent Developments
7.15 EFTEC UK LTD
7.15.1 EFTEC UK LTD Profile
7.15.2 EFTEC UK LTD Main Business
7.15.3 EFTEC UK LTD Power by the Hour (PBH) Products, Services and Solutions
7.15.4 EFTEC UK LTD Power by the Hour (PBH) Revenue (US$ Million) & (2020-2025)
7.15.5 EFTEC UK LTD Recent Developments
8 Industry Chain Analysis
8.1 Power by the Hour (PBH) Industrial Chain
8.2 Power by the Hour (PBH) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Power by the Hour (PBH) Sales Model
8.5.2 Sales Channel
8.5.3 Power by the Hour (PBH) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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