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Global Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Size, Trends, Forecasts (2021-2025 Edition)

Published on: Mar 2021 | From USD $2900 | Published By: DAEDAL RESEARCH | Number Of Pages: 88

Scope of the Report

The report entitled “Global Commercial Aerospace MRO (Maintenance, Repair & Overhaul) Market: Size, Trends, Forecasts (2021-2025 Edition)”, provides an in-depth analysis of the commercial aerospace MRO market including detailed description of market sizing and growth. The report provides analysis of the commercial aerospace MRO market by value, by segments and by region. The report further provides detailed segment analysis and regional analysis of the global commercial aerospace MRO market by value, by segment and segment by value.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall commercial aerospace MRO market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players dominating the commercial aerospace MRO market are AAR Corp., ST Engineering (ST Aerospace), Deutsche Lufthansa AG (Lufthansa Technik AG) and Airbus SE (Airbus SAS). The four companies have been profiled in the report providing detailed analysis of their financial information and business strategies.

Country Coverage

North America
Western Europe
Asia Pacific
Middle East
China
Latin America
Eastern Europe
Africa
India

Company Coverage

AAR Corp.
ST Engineering (ST Aerospace)
Deutsche Lufthansa AG (Lufthansa Technik AG)
Airbus SE (Airbus SAS)

Executive Summary

Maintenance, repair and overhaul (MRO) of an aircraft is a process involving repairing, welding, plating or testing services carried by a group of technical, administrative, managerial and supervision actions. The MRO service providers are categorized as in-house airline MRO, third party airline MRO, OEM-affiliated MRO etc. MRO services are common for aerospace maintenance, as aerospace industry conducts consistent research on designing, maintenance and manufacturing of aircrafts, as the scope of the aerospace industry is very wide with a variety of commercial, military & industrial aircrafts that 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 the forecasted period (2021-2025) the market would propel with a steady growth rate. The global commercial aerospace MRO market would be supported by the growth drivers such as increasing number of fleets, growth in urban population, budding developing countries economy, 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 challenges faced by the market are fluctuating fuel cost, CO2 emission from aviation etc.

1. Executive Summary

2. Introduction

2.1 Aerospace: An overview
2.2 Maintenance, Repair and Overhaul (MRO): An Overview
2.3 Segmentation of Aerospace MRO
2.4 Advantages and Disadvantages of Aerospace MRO: An Overview

3. Global Market Analysis

3.1 Global Commercial Aerospace MRO Market: An Analysis

3.1.1 Global Commercial Aerospace MRO Market by Value
3.1.2 Global Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
3.1.3 Global Commercial Aerospace MRO Market by Region (North America, Western Europe, Asia Pacific, Middle East, China, Latin America, Eastern Europe, Africa & India)

3.2 Global Commercial Aerospace MRO Market: Segment Analysis

3.2.1 Global Airframe MRO Market by Value
3.2.2 Global Engine MRO Market by Value
3.2.3 Global Component MRO Market by Value
3.2.4 Global Line MRO Market by Value

4. Regional Market Analysis

4.1 Africa Commercial Aerospace MRO Market: An Analysis

4.1.1 Africa Commercial Aerospace MRO Market by Value
4.1.2 Africa Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.1.3 Africa Commercial Aerospace MRO Market Segments by Value

4.2 Middle East Commercial Aerospace MRO Market: An Analysis

4.2.1 Middle East Commercial Aerospace MRO Market by Value
4.2.2 Middle East Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.2.3 Middle East Commercial Aerospace MRO Market Segments by Value

4.3 Asia Pacific Commercial Aerospace MRO Market: An Analysis

4.3.1 Asia Pacific Commercial Aerospace MRO Market by Value
4.3.2 Asia Pacific Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.3.3 Asia Pacific Commercial Aerospace MRO Market Segments by Value

4.4 China Commercial Aerospace MRO Market: An Analysis

4.4.1 China Commercial Aerospace MRO Market by Value
4.4.2 China Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.4.3 China Commercial Aerospace MRO Market Segments by Value

4.5 India Commercial Aerospace MRO Market: An Analysis

4.5.1 India Commercial Aerospace MRO Market by Value
4.5.2 India Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.5.3 India Commercial Aerospace MRO Market Segments by Value

4.6 Latin America Commercial Aerospace MRO Market: An Analysis

4.6.1 Latin America Commercial Aerospace MRO Market by Value
4.6.2 Latin America Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.6.3 Latin America Commercial Aerospace MRO Market Segments by Value

4.7 North America Commercial Aerospace MRO Market: An Analysis

4.7.1 North America Commercial Aerospace MRO Market by Value
4.7.2 North America Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.7.3 North America Commercial Aerospace MRO Market Segments by Value

4.8 Eastern Europe Commercial Aerospace MRO Market: An Analysis

4.8.1 Eastern Europe Commercial Aerospace MRO Market by Value
4.8.2 Eastern Europe Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.8.3 Eastern Europe Commercial Aerospace MRO Market Segments by Value

4.9 Western Europe Commercial Aerospace MRO Market: An Analysis

4.9.1 Western Europe Commercial Aerospace MRO Market by Value
4.9.2 Western Europe Commercial Aerospace MRO Market by Segment (Engine, Airframe, Component & Line)
4.9.3 Western Europe Commercial Aerospace MRO Market Segments by Value

5. Market Dynamics

5.1 Growth Drivers
5.1.1 Increasing Number of Fleets
5.1.2 Growth in Urban Population
5.1.3 Budding Developing Countries Economy
5.1.4 Growing Tourism
5.1.5 Increasing Low Cost Carrier Penetration
5.1.6 Mandatory Maintenance Programme for Aging Aircraft

5.2 Challenges
5.2.1 Fluctuating Fuel Cost
5.2.2 CO2 Emission from Aviation

5.3 Market Trends
5.3.1 Implementation of More-Electric Aircraft
5.3.2 Modernisation of SWaP-C Concept

6. Competitive Landscape

6.1 Global Commercial Aerospace MRO Market Players: A Financial Comparison
6.2 Global Engine MRO Market Players by Share

7. Company Profiles

7.1 AAR Corp.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy

7.2 ST Engineering (ST Aerospace)
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategy

7.3 Deutsche Lufthansa AG (Lufthansa Technik AG)
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategy

7.4 Airbus SE (Airbus SAS)
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategy

List of Figures

Figure 1: Types of Aircraft
Figure 2: Aerospace MRO Service Providers
Figure 3: Segmentation of Aerospace MRO
Figure 4: Advantages and Disadvantages Aerospace MRO
Figure 5: Global Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 6: Global Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 7: Global Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 8: Global Commercial Aerospace MRO Market by Region; 2020 (Percentage, %)
Figure 9: Global Airframe MRO Market by Value; 2017-2020 (US$ Billion)
Figure 10: Global Airframe MRO Market by Value; 2021-2025 (US$ Billion)
Figure 11: Global Engine MRO Market by Value; 2017-2020 (US$ Billion)
Figure 12: Global Engine MRO Market by Value; 2021-2025 (US$ Billion)
Figure 13: Global Component MRO Market by Value; 2017-2020 (US$ Billion)
Figure 14: Global Component MRO Market by Value; 2021-2020 (US$ Billion)
Figure 15: Global Line MRO Market by Value; 2017-2020 (US$ Billion)
Figure 16: Global Line MRO Market by Value; 2021-2025 (US$ Billion)
Figure 17: Africa Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 18: Africa Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 19: Africa Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 20: Africa Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 21: Middle East Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 22: Middle East Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 23: Middle East Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 24: Middle East Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 25: Asia Pacific Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 26: Asia Pacific Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 27: Asia Pacific Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 28: Asia Pacific Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 29: China Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 30: China Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 31: China Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 32: China Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 33: India Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 34: India Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 35: India Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 36: India Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 37: Latin America Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 38: Latin America Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 39: Latin America Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 40: Latin America Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 41: North America Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 42: North America Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 43: North America Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 44: North America Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 45: Eastern Europe Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 46: Eastern Europe Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 47: Eastern Europe Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 48: Eastern Europe Commercial Aerospace MRO Market Segments by Value; 2020 (US$ Billion)
Figure 49: Western Europe Commercial Aerospace MRO Market by Value; 2017-2020 (US$ Billion)
Figure 50: Western Europe Commercial Aerospace MRO Market by Value; 2021-2025 (US$ Billion)
Figure 51: Western Europe Commercial Aerospace MRO Market by Segment; 2020 (Percentage, %)
Figure 52: Western Europe Commercial Aerospace MRO Market Segments by Value; 2020-2025 (US$ Billion)
Figure 53: Global Aircraft Fleets; 2017-2037 (Units)
Figure 54: Global Urban Population; 2015-2020 (Percentage, %)
Figure 55: Developed and Developing Economies GDP Growth Rate; 2017-2019 (Percentage, %)
Figure 56: International Tourist Arrivals; 2010-2030 (Million)
Figure 57: Global Low Cost Carrier Penetration; 2010-2019 (Percentage, %)
Figure 58: Global Jet Fuel Prices; 2014-2019 (US$ per Gallon)
Figure 59: Global CO2 Emission Range from Aviation; 2012-2050 (Million Tonnes)
Figure 60: Global Engine MRO Market Players by Share; 2019 (Percentage, %)
Figure 61: AAR Corp. Sales; 2016-2020 (US$ Billion)
Figure 62: AAR Corp. Sales by Segment; 2020 (Percentage, %)
Figure 63: AAR Corp. Sales by Region; 2020 (Percentage, %)
Figure 64: ST Engineering Revenue; 2015-2019 (US$ Billion)
Figure 65: ST Engineering Revenue by Segment; 2019 (Percentage, %)
Figure 66: ST Engineering Revenue by Region; 2019 (Percentage, %)
Figure 67: Deutsche Lufthansa AG (Lufthansa Technik AG) Revenue; 2015-2019 (US$ Billion)
Figure 68: Airbus SE (Airbus SAS) Revenue; 2015-2019 (US$ Billion)
Figure 69: Airbus SE (Airbus SAS) Revenue by Segment; 2019 (Percentage, %)
Figure 70: Airbus SE (Airbus SAS) Revenue by Region; 2019 (Percentage, %)
Table 1: Global Commercial Aerospace MRO Market Players: A Financial Comparison; 2019/2020 (US$ Billion)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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