Global Commercial Aircraft MRO Market Growth (Status and Outlook) 2019-2024

20off

Aircraft MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for. This report mainly covers four market segments: Airframe, Engine, Component and Line
The market volume of Commercial aircraft MRO is related to downstream demand and global economy. As there will always be some uncertainties in the global economy in the following years, the growth rate of Commercial aircraft MRO market might not keep that fast. But it is surely forecasted that the market of aircraft is still promising.
The global Commercial aircraft MRO industry markets mainly concentrate in United States, Europe and China, Japan, Asia-Pacific other, etc. And the market is supplied by a combination of large multinational firms and smaller local companies. The leading global firms include Lufthansa Technik, GE Aviation, AFI KLM E&M, ST Aerospace, MTU, AAR, SR Technics (Mubadala Aerospace), SIA Engineering, Delta TechOps and others. These companies tend to compete against each other globally to supply most of the largest Commercial aircraft MRO markets. In many markets, these leading global firms also face competition from local players.

According to this study, over the next five years the Commercial Aircraft MRO market will register a 3.5% CAGR in terms of revenue, the global market size will reach US$ 59870 million by 2024, from US$ 50390 million in 2019. In particular, this report presents the global revenue market share of key companies in Commercial Aircraft MRO business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Commercial Aircraft MRO market by product type, application, key companies and key regions.

This study considers the Commercial Aircraft MRO value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Engine Maintenance
Components Maintenance
Line Maintenance Modification
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Air Transport
BGA

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Lufthansa Technik
GE Aviation
AFI KLM E&M
ST Aerospace
MTU Maintenance
AAR Corp.
Rolls-Royce
SR Technics (Mubadala Aerospace)
SIA Engineering
Delta TechOps
Haeco
JAL Engineering
Ameco Beijing
TAP M&E
ANA
British Airways Engineering
Korean Air
Iberia Maintenance

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Commercial Aircraft MRO market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Commercial Aircraft MRO market by identifying its various subsegments.
Focuses on the key global Commercial Aircraft MRO players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Commercial Aircraft MRO with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Commercial Aircraft MRO submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

2019-2024 Global Commercial Aircraft MRO Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Commercial Aircraft MRO Market Size 2014-2024
2.1.2 Commercial Aircraft MRO Market Size CAGR by Region
2.2 Commercial Aircraft MRO Segment by Type
2.2.1 Engine Maintenance
2.2.2 Components Maintenance
2.2.3 Airframe Heavy Maintenance
2.2.4 Line Maintenance Modification
2.3 Commercial Aircraft MRO Market Size by Type
2.3.1 Global Commercial Aircraft MRO Market Size Market Share by Type (2014-2019)
2.3.2 Global Commercial Aircraft MRO Market Size Growth Rate by Type (2014-2019)
2.4 Commercial Aircraft MRO Segment by Application
2.4.1 Air Transport
2.4.2 BGA
2.5 Commercial Aircraft MRO Market Size by Application
2.5.1 Global Commercial Aircraft MRO Market Size Market Share by Application (2014-2019)
2.5.2 Global Commercial Aircraft MRO Market Size Growth Rate by Application (2014-2019)

3 Global Commercial Aircraft MRO by Players
3.1 Global Commercial Aircraft MRO Market Size Market Share by Players
3.1.1 Global Commercial Aircraft MRO Market Size by Players (2017-2019)
3.1.2 Global Commercial Aircraft MRO Market Size Market Share by Players (2017-2019)
3.2 Global Commercial Aircraft MRO Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Commercial Aircraft MRO by Regions
4.1 Commercial Aircraft MRO Market Size by Regions
4.2 Americas Commercial Aircraft MRO Market Size Growth
4.3 APAC Commercial Aircraft MRO Market Size Growth
4.4 Europe Commercial Aircraft MRO Market Size Growth
4.5 Middle East & Africa Commercial Aircraft MRO Market Size Growth

5 Americas
5.1 Americas Commercial Aircraft MRO Market Size by Countries
5.2 Americas Commercial Aircraft MRO Market Size by Type
5.3 Americas Commercial Aircraft MRO Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Commercial Aircraft MRO Market Size by Countries
6.2 APAC Commercial Aircraft MRO Market Size by Type
6.3 APAC Commercial Aircraft MRO Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Commercial Aircraft MRO by Countries
7.2 Europe Commercial Aircraft MRO Market Size by Type
7.3 Europe Commercial Aircraft MRO Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Commercial Aircraft MRO by Countries
8.2 Middle East & Africa Commercial Aircraft MRO Market Size by Type
8.3 Middle East & Africa Commercial Aircraft MRO Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Commercial Aircraft MRO Market Forecast
10.1 Global Commercial Aircraft MRO Market Size Forecast (2019-2024)
10.2 Global Commercial Aircraft MRO Forecast by Regions
10.2.1 Global Commercial Aircraft MRO Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Commercial Aircraft MRO Forecast by Type
10.8 Global Commercial Aircraft MRO Forecast by Application

11 Key Players Analysis
11.1 Lufthansa Technik
11.1.1 Company Details
11.1.2 Commercial Aircraft MRO Product Offered
11.1.3 Lufthansa Technik Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Lufthansa Technik News
11.2 GE Aviation
11.2.1 Company Details
11.2.2 Commercial Aircraft MRO Product Offered
11.2.3 GE Aviation Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 GE Aviation News
11.3 AFI KLM E&M
11.3.1 Company Details
11.3.2 Commercial Aircraft MRO Product Offered
11.3.3 AFI KLM E&M Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 AFI KLM E&M News
11.4 ST Aerospace
11.4.1 Company Details
11.4.2 Commercial Aircraft MRO Product Offered
11.4.3 ST Aerospace Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 ST Aerospace News
11.5 MTU Maintenance
11.5.1 Company Details
11.5.2 Commercial Aircraft MRO Product Offered
11.5.3 MTU Maintenance Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 MTU Maintenance News
11.6 AAR Corp.
11.6.1 Company Details
11.6.2 Commercial Aircraft MRO Product Offered
11.6.3 AAR Corp. Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 AAR Corp. News
11.7 Rolls-Royce
11.7.1 Company Details
11.7.2 Commercial Aircraft MRO Product Offered
11.7.3 Rolls-Royce Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 Rolls-Royce News
11.8 SR Technics (Mubadala Aerospace)
11.8.1 Company Details
11.8.2 Commercial Aircraft MRO Product Offered
11.8.3 SR Technics (Mubadala Aerospace) Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 SR Technics (Mubadala Aerospace) News
11.9 SIA Engineering
11.9.1 Company Details
11.9.2 Commercial Aircraft MRO Product Offered
11.9.3 SIA Engineering Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 SIA Engineering News
11.10 Delta TechOps
11.10.1 Company Details
11.10.2 Commercial Aircraft MRO Product Offered
11.10.3 Delta TechOps Commercial Aircraft MRO Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Delta TechOps News
11.11 Haeco
11.12 JAL Engineering
11.13 Ameco Beijing
11.14 TAP M&E
11.15 ANA
11.16 British Airways Engineering
11.17 Korean Air
11.18 Iberia Maintenance

12 Research Findings and Conclusion

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.