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Aviation Engine MRO Market Report Scope & Overview:

The Aviation Engine MRO Market Size was valued at  USD 23.2 billion in 2022, expected to reach USD 34.5 billion by 2030 and grow at a CAGR of 5.1% over the forecast period 2023-2030.

Increased air traffic in emerging nations, the requirement for adequate engine and component maintenance, and rising investment in MRO facilities are likely to boost the Aircraft Engine MRO Market throughout the forecast years. The Global Aircraft Engine MRO Market research offers a comprehensive analysis of the market. The research provides a detailed analysis of the market's key segments, trends, drivers, restraints, competitive landscape, and determinants.

Aviation Engine MRO Market Revenue Analysis

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The abbreviation MRO, which is commonly used for aviation maintenance, stands for maintenance, repair, and overhaul. Aircraft engine MRO services refer to the repair, maintenance, and overhaul of engines supplied by corporations to airlines for the optimum health of the aircraft engine.

Engine for an aeroplane MRO services are required for the aircraft to ensure that it is fit to transport passengers and cargo safely. The market is divided into two categories based on engine type: turbo engine and piston engine. The market is divided into two segments based on application: civil aviation and military aviation.

Market Dynamics

Key Drivers

  • Engine Development For Next-Generation Aircraft

  • Improve Mro Outsourcing Activities

Restraints:

  • Mro Of Aviation Engines Is Expensive.

  • Growing Environmental Dangers Related To Aviation Engine Mro Services

Opportunities

  • Internet of Things (Iot) Integration In Mro

  • Aftermarket Parts Availability On E-Commerce Platforms

Challenges:

THE IMPACT OF COVID-19

The COVID-19 epidemic has had a significant impact on the aviation sector and aircraft MRO market. The industry experienced a difficult period in March-April and is expected to suffer significant losses in terms of air passenger revenues in 2020 as a result of containment measures implemented by several countries. While the aviation industry has begun to recover, it will take time to return to pre-pandemic levels. The pandemic has compelled many regulators and aviation organisations to investigate remote working and social distancing options. The Federal Aviation Administration (FAA) has established a new policy that would authorise the use of remote technology and video links for performing inspections and certifying regulatory compliance during COVID-19.

The market is divided into two segments based on engine type: turbo engine and piston engine. The Turbo Engine sector is projected to dominate the market. The factors are due to its strong thrust and fuel efficiency.

The market is divided into two segments based on application: civil aviation and military aviation. In the foreseeable time frame, the Civil Aviation category is expected to have the greatest CAGR. The factors can be linked to increased passenger traffic and increased penetration and expansion of low-cost carriers.

Fixed-wing aircraft have wings rather than vertical lift rotors. Control surfaces, such as ailerons, rudders, and elevators, are built into the wings of this aircraft. This configuration has various advantages over rotary-wing aircraft, including endurance, vast area coverage, flight speed, and a higher passenger carrying capacity. As a result, commercial airlines and military organisations typically use these aircraft for long-distance travel. Furthermore, due to an increase in air passenger traffic, demand for fixed-wing aircraft is increasing globally. As a result, rising demand for fixed-wing aircraft is likely to fuel expansion in the fixed-wing aircraft segment of the global aviation engine MRO market. The fixed-wing aircraft segment has the largest market share.

KEY MARKET SEGMENTATION

By Engine Type

  • Turbo Engine

  • Piston Engine

By Application

  • Civil Aviation

  • Military Aviation

By Aircraft Type

  • FIXED-WING AIRCRAFT

  • ROTARY-WING AIRCRAFT

Aviation Engine MRO Market Segmentation Analysis

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REGIONAL ANALYSIS:

North America, Europe, Asia Pacific, and the Rest of the World comprise the Aircraft Engine MRO Market. Because of the large-scale civil aviation sector in countries such as China, Asia Pacific will hold the highest share of the market. Every day, China experiences a great number of flying activities. It is the world's second-biggest aviation market in terms of air passenger traffic, and it is expected to overtake the United States to become the world's largest aviation market by 2022.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS

The Key Players are AIR FRANCE KLM Group, Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU AERO ENGINES AG, Rolls-Royce plc, Safran, SIA Engineering Company, and United Technologies, Honeywell International Inc. & Other Players.

GE Aviation-Company Financial Analysis

Aviation Engine MRO Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 23.2 Billion
Market Size by 2030  US$ 34.5 Billion
CAGR  CAGR of 5.1% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Engine Type (Turbo Engine, Piston Engine)
• By Application (Civil Aviation, Military Aviation)
• By Aircraft Type (FIXED-WING AIRCRAFT, ROTARY-WING AIRCRAFT)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AIR FRANCE KLM Group Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU AERO ENGINES AG, Rolls-Royce plc, Safran, SIA Engineering Company, and United Technologies, Honeywell International Inc.
KEY DRIVERS • Engine Development For Next-Generation Aircraft
• Improve Mro Outsourcing Activities
Restraints • Mro Of Aviation Engines Is Expensive.
• Growing Environmental Dangers Related To Aviation Engine Mro Services

Frequently Asked Questions

According to SNS insiders, the Aviation Engine MRO Market size was USD 41.54 billion  in 2021 and is expected to reach USD 65.03 billion  by 2028 with a CAGR of  6.61% over the forecasted period.

North America, Europe, Asia Pacific, and the Rest of the World comprise the Aircraft Engine MRO Market. Because of the large-scale civil aviation sector in countries such as China, Asia Pacific will hold the highest share of the market.

 

The COVID-19 epidemic has had a significant impact on the aviation sector and aircraft MRO market. The industry experienced a difficult period in March-April and is expected to suffer significant losses in terms of air passenger revenues in 2020

The sample for the Aviation Engine MRO Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.

 

Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product. 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Aviation Engine MRO Market Segmentation, by Engine Type

8.1 Turbo Engine

8.2 Piston Engine

9. Aviation Engine MRO​​​​​​​ Market Segmentation, by Application

9.1 Civil Aviation

9.2 Military Aviation

10. Aviation Engine MRO​​​​​​​ Market Segmentation, by Aircraft Type

10.1 Fixed-Wing Aircraft

10.2 Rotary-Wing Aircraft

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Hong Kong Aircraft Engineering Company Limited,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Lufthansa Technik,

12.3 MTU AERO ENGINES AG,

12.4 SIA Engineering Company,

12.5 United Technologies.,

12.6 Honeywell International Inc,

12.7 AIR FRANCE KLM Group Delta TechOps,

12.8 GE Aviation,

12.9 Rolls-Royce plc,

12.10 Safran.

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments

14. USE Cases and Best Practices

15. Conclusion

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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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We at SNS Insider have divided Primary Research into 2 parts.

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Primary Research

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Data Bank Validation

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