As per this study the Global Air Transport MRO Market was valued USD 81.54 BN (by revenue) in 2022 and is anticipated to reach USD 128.99 BN by 2030 with a CAGR of 5.9%.
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.
Market Dynamics
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.
Market Segmentation
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 Туре
- Engine
- Components
- Line
- Airframe
By Aircraft Type
- Narrowbody Jet
- Widebody Jet
- Turboprop
- Regional Jet
By MRO Provider Type
Regional Analysis
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 MTU Aero Engines AG, Deutsche Lufthansa Aktiengesellschaft, Iberia Lineas Aereas de Espana S.A. John Swire & Sons HK Ltd, General Electric Company, Delta Air Lines Inc., British Airways PLC, Air France-KLM SA, China National Aviation Holding Company, and AAR Corporation. 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.
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