In the aerospace industry, aircraft MRO has become an essential component to ensure that fleets are airworthy and safe to transport passengers. Regular MRO helps to extend the life of airline fleet. MRO companies provide services, such as repairs, inspections, routine checks, and overhaul of aircraft.
Scope of the Report:This report studies the Narrowbody Aircraft MRO market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Narrowbody Aircraft MRO market by product type and applications/end industries.
Factors, such as aircraft utilization, global fleet size, and air traffic volumes, help increase the demand for aircraft MRO. Based on the type of maintenance, the global narrow-body aircraft MRO market is classified into five segments: airframe, line, engine, component maintenance, and modifications.
Air travel in developing countries is growing, thus, increasing the demand for aircraft maintenance services. Aircraft Maintenance, Repair, Overhaul (MRO) is crucial for sustaining the lifespan of narrowbody aircraft and assuring the crashworthiness of an aircraft. It consists of maintenances, overhauls, routine checks, repairs, and modifications disbursed on narrowbody aircraft and their elements. Many new maintenance and service centers have been set up in numerous countries in recent years. This increases the participation of regional manufacturers and tier-1 suppliers in the field of aircraft MRO. Moreover, the growing international trade between countries has increased the travel frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplanes to ensure efficient performance and safe air travel.
The global Narrowbody Aircraft MRO market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Narrowbody Aircraft MRO.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers GE
Honeywell
Lufthansa Technik,
Pratt & Whitney
Rolls-Royce
Air Works
Jet Maintenance Solutions
GMF AeroAsia
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Airframes & Modifications
Components
Engines and Line Maintenance
Market Segment by Applications, can be divided into Commerical
Government
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
