Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Aircraft Maintenance, Repair and Overhaul (MRO) market. Market segmentation includes Maintenance Type (Engine Overhaul, Components Maintenance, Line Maintenance, Airframe Maintenance, Modifications); Aircraft Type (Narrowbody, Widebody, Other Aircraft Types); Aircraft Generation (Old Generation, Mid Generation, New Generation).
Aircraft maintenance, repair and overhaul (MRO) represents a multi-billion dollar industry, which is influenced by a host of factors including health of the aviation industry; size of the commercial aircraft fleet and their age; frequency of new aircraft upgrades; and stringent compliance regulations for aircraft ownerships, among numerous others. Few of the factors that make aircraft MRO important include its ability to reduce lost opportunities due to aircraft downtime caused by failure; optimize aircraft performance and in turn reduce operating expenditure; ensure maximum passenger safety; ability to prolong life of the aircraft and enhance ROI in capital investments; reduced risk of mechanical failure; increased long-term savings offered by proactive maintenance; and the competitive need to provide value added, superior services that ensure that passengers have a pleasant, safe and timely journey. Downtime caused by unscheduled maintenance has the potential to erode corporate bottom-line, and damage service credibility and brand in the market. Conversely, given that passenger safety plays a vital role in influencing customers' choice of airline carrier, MRO can help boost safety record/rating of airline companies and reduce churn rates by positively influencing future travel choices of the customer. The aircraft MRO market is anticipated to rely heavily on recovery in air travel demand which is likely to be influenced by factors like traveler sentiment, epidemiological timeline, government restrictions, and the macroeconomic scenario. While the global aircraft MRO market remains under tremendous pressure due to the ongoing COVID-19 pandemic and the economic contraction, the long-term opportunities for the market will emerge due to the essential nature of MRO services in maintaining and renovating aircrafts and to ensure their optimized performance. Fleet expansion and need for maintenance of airframes remain the vital factors driving growth in the global MRO market.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 9047. Among this pool, 1267 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 271 unique participations, a total of 122 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Honeywell International, Inc.
Air France Klm Engineering Maintenance
Aviation Technical Services, Inc.
Bedek Aviation Group
Segments Covered in the Report -
Maintenance Type (Engine Overhaul, Components Maintenance, Line Maintenance, Airframe Maintenance, Modifications)
Aircraft Type (Narrowbody, Widebody, Other Aircraft Types)
Aircraft Generation (Old Generation, Mid Generation, New Generation)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.