Global Commercial Aerospace MRO (Maintenance, Repair ... · Overhaul) Market: Size, Trends &...
Transcript of Global Commercial Aerospace MRO (Maintenance, Repair ... · Overhaul) Market: Size, Trends &...
Global Commercial Aerospace MRO
(Maintenance, Repair & Overhaul) Market: Size,
Trends & Forecasts(2019-2023)
April 2019
Global Commercial Aerospace MRO Market: Coverage
Executive Summary and Scope
Introduction/Market Overview
Global Market Analysis
Regional Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Coverage
Attributes Details
Title Global Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Size, Trends & Forecasts (2019-2023)
Coverage Global and Regional
Regional Coverage North America, Western Europe, Asia Pacific, Middle East, China, Latin America, Eastern Europe, Africa & India
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2019-2023
Competition in the Market Fragmented
Key Players AAR Corp., ST Engineering (ST Aerospace), Deutsche Lufthansa AG (Lufthansa Technik AG) and Airbus SE (Airbus SAS)
Scope of the Report
Global Commercial Aerospace MRO Market
Aerospace the term is derived from the words aeronautics and spaceflight. The aerospace industry performs regular checks on research,development & manufacturing of aircrafts inclusive of unpowered gliders & sailplanes, airships, missiles, spacecraft etc.
Maintenance, repair and overhaul (MRO) of an aircraft is a process involving repairing, welding, plating or testing services carried by agroup of technical, administrative, managerial and supervision actions. The MRO service providers are categorized as in-house airlineMRO, third party airline MRO, OEM-affiliated MRO etc.
MRO services are common for aerospace maintenance, as aerospace industry conducts consistent research on designing, maintenance andmanufacturing of aircrafts, as the scope of the aerospace industry is very wide with a variety of commercial, military & industrial aircraftsthat are operating in the earth’s atmosphere as well as in space.
The global commercial aerospace MRO market has observed constant growth in the past few years and projections are made that in theforecasted period (2019-2023) the market would propel with a steady growth rate. The global commercial aerospace MRO market wouldbe supported by the growth drivers such as increasing number of fleets, growth in urban population, budding developing countrieseconomy, growing tourism, increasing low cost carrier (LCC) penetration and mandatory maintenance programme for ageing aircrafts.However growth of global commercial aerospace MRO market is being hindered by various challenges. Some of the eminent challengesfaced by the market are fluctuating fuel cost, CO2 emission from aviation etc.
Executive Summary
Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Global Analysis
Global Aerospace MRO Market by Value
The global commercial aerospace MRO market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017. The global commercial aerospace MRO market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019 at a CAGR of xx%.
CAGRs
2019-2023 xx%
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Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Global Analysis
Segments Share CAGR(2019-2023)
Engine xx% xx%
Airframe xx% xx%
Component xx% xx%
Line xx% xx%
Global Commercial Aerospace MRO Market by Region; 2018
Global Commercial Aerospace MRO Market by Segments; 2018
Regions Share CAGR(2019-2023)
North America xx% xx%
Western Europe xx% xx%
Asia Pacific xx% xx%
Middle East xx% xx%
China xx% xx%
Latin America xx% xx%
Eastern Europe xx% xx%
Africa xx% xx%
India xx% xx%
Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Regional Analysis
North America Commercial Aerospace MRO Market by Value Western Europe Commercial Aerospace MRO
Market by Value
Region CAGR
2019-2023
North America xx%
Western Europe xx%
Middle East xx%
2019 2020 2021 2022 2023
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Middle East Commercial Aerospace MRO Market by Value
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Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Regional Analysis
Asia Pacific Commercial Aerospace MRO Market by Value
Region CAGR
2019-2023
Asia Pacific xx%
China xx%
India xx%
China Commercial Aerospace MRO Market by Value
2019 2020 2021 2022 2023
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India Commercial Aerospace MRO Market by Value
Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Dynamics
Growth Driver
•Increasing Number of Fleets
•Increasing Low Cost Carrier Penetration
Challenges
•Fluctuating Fuel Cost
•CO2 Emission from Aviation
Market Trends
•Implementation of More-Electric Aircraft
•Modernization of SWaP-C Concept
Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Competitive Landscape
• AAR Corp.
• ST Engineering (ST Aerospace)
• Deutsche Lufthansa AG (Lufthansa Technik AG)
• Airbus SE (Airbus SAS)
Players Profiled