As per this study the Global Air Transport MRO Market was valued USD XX BN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX%.
Aircraft or aviation MRO includes maintenance, repair, overhaul and modification or inspection of the aircraft. It includes inspection and repairing of aircraft engines, propellers, electrical components and instruments, airframes, and avionics. MRO ensures safety of the aircraft and also reduce overall operational cost of the aircraft.
Growing fleet iteration and increasing number of air passengers are the prominent factors driving the market growth. Various environmental regulations, air transport infrastructure, economic growth, increasing fleet size are the factors impacting the aeronautical industry. This in turn, is anticipated to influence the market growth. Also, rising demand of aircraft MRO to reduce operational cost is boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of air transport MRO.
The broad air transport MRO market has been sub-grouped into application and aircraft type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Aircraft Type
- Narrow Body
- Wide Body
- Regional Jet
- Turbo Pop
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for air transport MRO in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Air Transport MRO Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the air transport MRO market include AAR Corporation, Aeroman, Airbus SAS, Delta TechOps, Guangzhou Aircraft Maintenance Engineering Company Limited, HAECO Ltd., KLM Engineering & Maintenance, Lufthansa Technik AG, Sabena Technics, SIA Engineering Company (SIAEC), Singapore Technologies Engineering Ltd. and Turkish Technic Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.