What is Commercial Aero Engine MRO Market?
Commercial aero-engine MRO refers to the repair, overhaul, inspection, and maintenance of commercial aircraft. MRO is a key activity in the lifecycle of an aircraft and its engines that ensure the safety and airworthiness of aircraft by international standards. In recent times airline industry is witnessing significant growth due to the increasing number of passengers across the globe. However, air transportation mode is gaining much popularity for transportation of precious and perishable goods in less time. Airline service providers are rapidly moving towards advanced technologies to ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely transport passengers and cargo.
The market study is being classified by Type (Maintenance, Repair and Overhaul) and major geographies with country level break-up.
Ameco Beijing (China), MTU Aero Engines (Germany), Delta TechOps (Georgia), AAR Corp. (United States), Lufthansa Technik (Germany), Rolls‑Royce Holdings (United Kingdom), Air France Industries KLM (France), Safran S.A. (France), GE Aviation (United States) and HAECO (Hong Kong) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Analyst at AMA have segmented the market study of Global Commercial Aero Engine MRO market by Type, Application and Region.
On the basis of geography, the market of Commercial Aero Engine MRO has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Inclination towards the Maintaining Aircraft Engines for Due to Rapidly Increasing Air Traffic Across the Globe
- Increased Utilization of Digital Twin Technology to Continuously Monitor Critical Aircraft Assets and Predict Maintenance
- Swaps of Engines from Stored Aircraft or New Engines Instead of Repairs to Avoid Costly Overhauls
- Growing Aviation Industry in the Asia Pacific Region
- Economic Slowdown and Imposition of Travel Restriction Due to Coronavirus May Create Challenges
In November 2018, AAR signed a long-term contract with Ameco, a world MRO expert for aircrafts to provide long-term support to customers in the market for the RB211 engine. The deal will allow both the companies to provide repair/exchange and leasing services for RB211 in more than 100 countries worldwide.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Commercial Aero Engine MRO Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Commercial Aero Engine MRO Market?
"The Inclination towards the Maintaining Aircraft Engines for Due to Rapidly Increasing Air Traffic Across the Globe" is seen as one of major growth factors of Commercial Aero Engine MRO Market in years to come.
2. Can we have customized study for Commercial Aero Engine MRO Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Commercial Aero Engine MRO Market?
will lead Commercial Aero Engine MRO Market in coming years.