Dublin, July 03, 2020 (GLOBE NEWSWIRE) -- The "Global Aviation MRO Market By Industry (Passenger Aviation, Military Aviation, Cargo Aviation), By Component (Engine, Airframe, Line, Avionics, Modifications, Others), By Aircraft Type (Narrow Body, Wide Body, Others), By End User, By Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Aviation MRO Market is expected to grow at a robust CAGR during the forecast period. The Global Aviation MRO Market is driven by growing need to maintain and renovate aircrafts in order to optimize their performance. Moreover, increasing initiatives by the governments in terms of implementation of strict norms and policies is positively impacting the growth of the market across the globe. Also, rising technological innovations, is further expected to bolster the growth of the market over the next few years.
The Global Aviation MRO Market is segmented based on industry, component, aircraft type, end-user, company, and region. Based on aircraft type, the market can be categorized into narrow body, wide body, regional jet and others. Out of which, the narrow body aircraft segment dominated the market in terms of largest market share during 2019 and is expected to maintain its leading position the market during the forecast period as well. This can be ascribed to the fact that airline operators are engaged in upgrading their plane models in order to facilitate cost-saving leading to fuel efficiency, which has subsequently strengthened the fleet of narrow-body planes. Along with this, wide body aircraft is anticipated to grow at a high pace during the next five years on account of enormous transformation in terms of development of turbofan engines. Moreover, wide body planes incur a high-level percent of MRO expenditures which can be accredited to complexity as well as improved maintenance.
Major players operating in the Global Aviation MRO Market include SIA Engineering Company, SR Technics, United Airlines, British Airways, HAECO (Hongkong), AAR Corporation, Air-France Industries KLM Engineering & Maintenance, Bombardier Inc., Delta TechOps, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa Technik, MTU Aero Engines AG, Triumph Group, Inc., and others. The companies are developing advanced technologies and launching new models to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments, in order to expand their geographic reach and to increase their customer bases.
Objective of the Study:
- To analyze and estimate the market size of the Global Aviation MRO Market from 2015 to 2018.
- To estimate and forecast the market size of the Global Aviation MRO Market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast the Global Aviation MRO Market based on industry, component, aircraft type, end-user, company and regional distribution.
- To identify dominant region or segment in the Global Aviation MRO Market.
- To identify drivers and challenges for the Global Aviation MRO Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Aviation MRO Market.
- To conduct pricing analysis for the Global Aviation MRO Market.
- To identify and analyze the profile of leading players operating in the Global Aviation MRO Market.
- To identify key sustainable strategies adopted by market players in the Global Aviation MRO Market.
The author performed both primary as well as exhaustive secondary research for this study. Initially, researchers sourced a list of service providers across the globe. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the products and presence of all major players across the globe.
The author calculated the market size of the Global Aviation MRO Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Topics Covered:
1. Industry Overview
2. Research Methodology
3. Impact of COVID-19 on Global Aviation MRO Market
4. Executive Summary
5. Voice of Customer
6. Global Aviation MRO Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Industry (Passenger Aviation, Military Aviation, Cargo Aviation)
6.2.2. By Component (Engine, Airframe, Line, Avionics, Modifications, Others)
6.2.3. By Aircraft Type (Narrow Body, Wide Body, Regional Jet, Others)
6.2.4. By End User (OEM, Aircraft Operator, Others)
6.2.5. By Company (2019)
6.2.6. By Region
6.3. Market Attractiveness Index
7. Asia-Pacific Aviation MRO Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. Asia-Pacific: Country Analysis
8. Europe Aviation MRO Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. Europe: Country Analysis
9. North America Aviation MRO Market Outlook
9.1. Market Size & Forecast
9.2. Market Share & Forecast
9.3. North America: Country Analysis
10. South America Aviation MRO Market Outlook
10.1. Market Size & Forecast
10.2. Market Share & Forecast
10.3. South America: Country Analysis
11. Middle East and Africa Aviation MRO Market Outlook
11.1. Market Size & Forecast
11.2. Market Share & Forecast
11.3. MEA: Country Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Company Details
14.2.2. Financials (As Reported)
14.2.3. SWOT Analysis
14.2.4. Key Market Focus and Geographical Presence
14.2.5. Planned Investments
14.3. Leading Players Profiled
14.3.1. SIA Engineering Company
14.3.2. SR Technics
14.3.3. United Airlines
14.3.4. British Airways
14.3.5. HAECO (Hongkong)
14.3.6. AAR Corporation
14.3.7. Air-France Industries KLM Engineering & Maintenance
14.3.8. Bombardier Inc.
14.3.9. Delta TechOps
14.3.10. GE Aviation
14.3.11. Hong Kong Aircraft Engineering Co. Ltd.
14.3.12. Lufthansa Technik
14.3.13. MTU Aero Engines AG
14.3.14. Triumph Group, Inc.
15. Strategic Recommendations
16. About the author & Disclaimer
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