“Global Aircraft Engine MRO Market Analysis, Drivers, Types, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aircraft engine MRO market report has been segmented as per engine type, aircraft type, application, and region.
Global Market: Overview
Aircraft engine MRO stands for maintenance, repair, and overhaul of aircraft engine. MRO is widely known for maintenance activity of aircraft. Aircraft engine MRO offers various services including avionics installation and repair, aircraft conformity, engine change, structural & mechanical repair services, advanced troubleshooting and aircraft inspections. MRO is a big organization who is able to handle numerous repair stations authorities from different aviation authorities across the globe. Aircraft engine MRO accomplishes maintenance, repair, and overhaul of aircraft engine. To perform several specialized services such as plating, non-destructive testing, and welding etc. aircraft maintenance industry (MRO) is merged with small repair stations to perform specialized tasks. Some of these services are difficult which require authorization, experience, and specialized equipment. There are some other repair stations who do repair, maintenance, and overhaul service which is relevant to some special types of components such as fuel system, carburettors, electronics, avionics, and mechanical actuators. Also there are some repair stations who offers MRO services to complicated works such as reciprocating, turbine engine and landing gear assemblies.
Global Market: Dynamics
Increasing air transport activities in developed as well as devolving countries is a major factor expected to increase demand for aircraft engine MRO, which in turn expected to drive the target market growth. Several new MRO service centers have been developed in various countries in recent years, this in turn increases contribution of regional companies in the global aircraft engine MRO market. In addition, increasing international trade between various countries have increased adoption of cargo planes and it is essential to arrange timely repairs or checks of airplane to ensure performance efficiency and safe air travel. This factors are expected to drive growth of the global aircraft engine MRO market.
Moreover, rapid growth in the aerospace industry and high demand for next-generation engines are other additional factor expected to drive revenue growth of the target market. Furthermore, straight government regulations regarding airplanes and need for periodically maintenance of engines components and engines, is another factor fueling the global aircraft engine MRO market growth.
However, rising environmental risks associated with aircraft engine MRO services expected to restraint the global market growth to certain extent. In addition, lack of skilled professionals is another factor expected to hamper global aircraft engine MRO market.
Global Market: Segment Analysis
Among application segments, the civil aviation segment is expected to register moderate revenue share in the global market, due to remarkable growth the aerospace industry and increasing passenger traffic across the globe. In addition, some airlines offer cheaper air tickets which is anticipated to boost the number of air passengers which result is high demand for civil aircraft.
Global Market: Region Analysis
The North America market is expected to register moderate revenue share in the global market. This is attributed to high adoption rate of advanced technologies and hug investment in MRO aircraft engines sector to enhance performance in countries in this region.
Global Aircraft Engine MRO Market Segmentation:
Segmentation by Engine Type:
- Turbine Engine
- Piston Engine
Segmentation by Aircraft Type:
Segmentation by Application:
- Civil Aviation
- Military Aviation
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Air France Industries KLM Engineering & Maintenance
- Delta TechOps
- GE Aviation
- Hong Kong Aircraft Engineering Company Limited
- Lufthansa Technik AG
- MTU Aero Engines AG
- Rolls-Royce plc
- Safran SA
- SIA Engineering Company Ltd
- United Technologies Corporation
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