Commercial Aircraft MRO Market

Commercial Aircraft MRO Market Size, Share, Growth Analysis, By MRO Services(Modifications, Paintings, Avionics Upgrades, Interiors), By Service Provider(OEM, Operator/Airline In-house, Airline Third Party, Independent), By Aircraft(Narrowbody, Widebody, Regional Jet, Turboprop), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG20A2066 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Commercial Aircraft MRO Market Insights

Market Overview:

The Commercial Aircraft MRO (Maintenance, Repair, and Overhaul) Market size surpassed USD 70 billion in 2020 and is expected to grow at a CAGR of over 4.9% from 2021 to 2027. The market growth is attributed to the increasing economic growth and rapid urbanization in emerging countries, along with the growth in business and tourism travels, which is likely to augment the demand for commercial aircraft MRO services.

Commercial Aircraft MRO Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Commercial Aircraft MRO was estimated to be valued at US$ XX Mn in 2021.

The Commercial Aircraft MRO Market is estimated to grow at a CAGR of XX% by 2028.

The Commercial Aircraft MRO Market is segmented on the basis of MRO Services, Service Provider, Aircraft, Region.

Based on region, the Commercial Aircraft MRO Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Commercial Aircraft MRO Market are Airbus, Boeing Company, AAR Corporation, Bombardier Inc., Embraer S.A., Delta TechOps, General Dynamics Corp., Hong Kong Aircraft Engineering Company (HAECO) Ltd., GE Aviation, Honeywell Aerospace, Lufthansa Technik AG, Rolls-Royce plc, MTU Aero Engines AG, Safran SA.

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Commercial Aircraft MRO Market

Report ID: UCMIG20A2066

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