Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Expanding at a CAGR of 7.32% during 2024-2030

Markntel Advisors 0


 

The Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market research report provides a comprehensive overview of the current industry trends, key industry drivers, and competitive landscape within the sector. It delves into the impact of emerging technologies, business operations and consumer behavior. Additionally, the report analyzes the strategies of top companies in the Aircraft Maintenance, Repair and Overhaul (MRO) Services industry and their positioning for future growth.

It also includes insights into recent market development, challenges faced by the industry, and potential opportunities for innovation and expansion. Overall, the report aims to offer valuable insights for industry stakeholders, investors, and decision-makers seeking to understand and navigate the rapidly evolving technology landscape.

“According to research report, the Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market size which was USD 78.9 billion in 2022 and expected to grow at a CAGR of 7.32% during the forecast period of 2024 to 2030.”

Get Instant Access to the Report's Sample PDF - Click Here To Download: - https://www.marknteladvisors.com/query/request-sample/aircraft-mro-services-market.html

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Trend

Rising Inclination Towards Sustainable Maintenance Boosting Market Growth – In recent years, aircraft emissions have marginally increased due to extensive aircraft usage for reasons like travel & transportation. According to the International Energy Agency (IEA), in 2022, aircraft emissions accounted for approximately 2% of the total CO2 emissions, and the emissions are growing at a relatively faster rate than the other modes of transportation such as rail, road, and ships. As a result, countries like the US, India, etc., are laying out policies such as Civil Aviation Policy 2020-2050, National Green Aviation Policy, etc., encouraging aircraft operators to imbibe sustainable practices. For instance,

  • In 2021, the government of the US launched the US Aviation Climate Action Plan to reduce aircraft emissions to zero by 2050.

Moreover, the aircraft MRO service providers are offering sustainable solutions such as fuel-efficient practices, lean operations, etc., which reduces the release of emissions from aircraft engines. Hence, aircraft operators are increasingly inclining towards these sustainable MRO services to reduce their carbon footprint and minimize environmental harm, enhancing the Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market.

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Segmentation Analysis:

By Type of MRO

  • Independent MRO- Market Size & Forecast 2019-2029F, USD Million
  • Original Equipment Manufacturer (OEM) MRO- Market Size & Forecast 2019-2029F, USD Million
  • Airline/Operator MRO- Market Size & Forecast 2019-2029F, USD Million

By Service Type

  • Airframe Maintenance- Market Size & Forecast 2019-2029F, USD Million
  • Engine Overhaul- Market Size & Forecast 2019-2029F, USD Million
  • Modification- Market Size & Forecast 2019-2029F, USD Million
  • Component repair & Maintenance- Market Size & Forecast 2019-2029F, USD Million
  • Line Maintenance- Market Size & Forecast 2019-2029F, USD Million

By Type of Aircraft

  • Commercial Aviation
    • Narrow body Jet- Market Size & Forecast 2019-2029F, USD Million
    • Widebody Jet- Market Size & Forecast 2019-2029F, USD Million
    • Regional Jet- Market Size & Forecast 2019-2029F, USD Million
    • Cargo- Market Size & Forecast 2019-2029F, USD Million
  • General Aviation
    • Single-Engine Piston Aircraft
    • Twin-Engine Piston Aircraft
    • Turboprop Aircraft
    • Business Jets
    • Amphibious Aircrafts
    • Others (Rotorcraft, Aerobatic Aircraft, etc.)
  • Military Aviation
    • Fighter Aircraft
    • Bomber Aircraft
    • Reconnaissance Aircraft
    • Special Mission Aircraft
    • Others (Transport Aircraft, Trainer Aircraft, etc.)

The increasing air travel by individuals & the surging air cargo has led to a surge in the demand for commercial aviation. As a result, airline operators are increasingly purchasing wide-body aircraft to accommodate freight and mail in the lower cargo compartments. In addition, wide-body aircraft are more complex than narrow-body aircraft since they are designed & crafted with more components. 

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa

Unlock the Detailed Analysis - Click to View Full Report. - https://www.marknteladvisors.com/research-library/aircraft-mro-services-market.html

*Reports Delivery Format  - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Competitive Landscape:

Some of the top notch Aircraft Maintenance, Repair and Overhaul (MRO) Services companies operating in the market include Delta TechOps, Lufthansa Technik AG, Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited [HAECO], PT GMF Aeroasia TBK, Avia Solutions Group PLC, StandardAero, Emirates Engineering, MTU Aero Engines AG, Singapore Technologies Engineering Ltd, Tap Maintenance & Engineering Ltd., AAR Corporation, Textron Aviation, Inc., Euravia Engineering & Supply Co. Ltd, Air India Engineering Services Ltd, Others.

Key Questions Answered in the Research Report

  1. What are the Aircraft Maintenance, Repair and Overhaul (MRO) Services industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the market growth?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

About us:

We are a prominent consulting, data analytics, and market research firm that offers a broad spectrum of strategic reports across diverse industry verticals. As a dedicated qualitative & quantitative research company, we aim to provide comprehensive data services to a diverse client base, which includes multinational corporations, financial institutions, governments, and individuals, among others.

Having established our presence in the market for many years, we have conducted multi-industry research across 80+ countries, ensuring a global reach across regions such as America, Asia-Pacific, Europe, the Middle East & Africa. Notably, we have also successfully operated in countries including the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and various others, catering to diverse regional requirements.

More Trending Reports:

For Media Inquiries, Please Contact: 

Phone: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511 

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Tags

Post a Comment

Post a Comment

Previous Post Next Post