Aircraft Engine MRO Market
Global Aircraft Engine MRO Market Report: Information by Engine Type (Turbine Engine and Piston Engine), by Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft), Application (Civil Aviation and Military Aviation), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025
Global Aircraft Engine MRO Market Report: Information by Engine Type (Turbine Engine and Piston Engine), by Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft), Application (Civil Aviation and Military Aviation), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Global <strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Aircraft</strong> engines <strong>MRO</strong> <strong>Market</strong> Information by <strong>Aircraft</strong> Type (Widebody <strong>Aircraft</strong>, and<br />
Narrowbody <strong>Aircraft</strong>), Application (Commercial Air Transport, and Business & General Aviation)<br />
and by Region - Forecast to 2023<br />
<strong>Market</strong> Research Future Publish a New Report on - “<strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> <strong>Market</strong> Research<br />
Report - Forecast to 2023”<br />
Exclusive Summary:<br />
<strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> <strong>Market</strong> has gained a huge traction around the globe owing to the increased Air<br />
Travel rate. According to a recent study report published by the <strong>Market</strong> Research Future, The<br />
<strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> <strong>Market</strong> is projected to grow at a rapid pace during the forecast period (2016 –<br />
2023). The <strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> <strong>Market</strong> is forecasted to demonstrate an aggrandized growth by<br />
2023, surpassing its previous growth records; with 6.43 % CAGR during the forecasted period<br />
2016-2023.<br />
Air travel in emerging countries is growing, thus increasing the demand for aircraft engine <strong>MRO</strong><br />
service providers. Many new <strong>MRO</strong> service centres have been setup in such countries in recent<br />
years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field<br />
of aircraft engine <strong>MRO</strong>. Development of next-generation engines is major factor driving the growth<br />
of the market. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine<br />
available in the market, and had received more than USD 100 billion in orders by 2015, which has<br />
propelled the market for aircraft engines. Additionally, need for proper maintenance of engines &<br />
engine components, is also driving the growth of the aircraft engines <strong>MRO</strong> market. However,<br />
environmental Hazards is the factor that may hamper the growth of the market.<br />
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1556<br />
The key factors driving the growth are retrofit of older fleets, expanding fleet size, and focus of OEM<br />
on engine and aircraft <strong>MRO</strong>. <strong>MRO</strong> outsourcing, IT enabled <strong>MRO</strong>, demand in emerging countries are<br />
the ongoing trends which will have positive impact on the market during the forecast period.<br />
However, factors such as government regulations, aircraft retirement, and environmental hazards<br />
are likely to pose as restraining factors to the market growth.<br />
The key players of global aircraft engines <strong>MRO</strong> market are GE Aviation (U.S.), Rolls-Royce (U.K.),<br />
Pratt & Whitney (U.S.), Lufthansa Technik (Germany), Safran <strong>Aircraft</strong> <strong>Engine</strong>s (Paris), SIA<br />
<strong>Engine</strong>ering Company (Singapore), Air France Industries KLM <strong>Engine</strong>ering & Maintenance (France),<br />
MTU Aero <strong>Engine</strong>s (Germany), ST Aerospace (Singapore) and Delta TechOps (U.S.).<br />
Competitive Analysis<br />
Characterized by the presence of several major well-established players, the global <strong>Market</strong> of<br />
<strong>Aircraft</strong> <strong>Engine</strong> <strong>MRO</strong> appears to be highly competitive. Well established players incorporate
acquisition, collaboration, partnership, expansion, and technology launch in order to gain<br />
competitive advantage in this market and to maintain their market position. Strategic partnerships<br />
between Key players support the growth and expansion plans of the key players during the forecast<br />
period. The Key players operating in the market compete based on pricing, technology, reputation<br />
and services. These vendors are committed to deliver reliable, leading-edge products and services.<br />
These well-established vendors also have dedicated stations in all of the areas of the maintenance<br />
operations—hangars, shops and offices—where system consultation is possible. Whatever is<br />
related to a part number, service bulletin or maintenance task; the mobile application allows<br />
technicians to see maintenance tasks or parts availability in the warehouse, for example, and not<br />
have to move to one of these stations. They also have access to the technical library Toolbox. To<br />
enable these mobile apps, iPhones and iPads are provided, Technicians can take pictures and videos<br />
of maintenance underway and share them among stations, supervisors, engineering or quality<br />
control. It’s a new tool and it’s a good opportunity to expedite information.<br />
If you have any special requirements, please let us know and we will offer you the report as<br />
you want.<br />
For further information on this report, visit @<br />
https://www.marketresearchfuture.com/reports/aircraft-engine-mro-market-1556<br />
Regional Analysis<br />
In 2016, North America was the leading region for the global aircraft engine <strong>MRO</strong> market. It<br />
accounted for the largest market share of 31.00% in 2016, with a market value of USD 8,626.1<br />
million. A number of the major aircraft manufacturers (such as Boeing) and engine <strong>MRO</strong> services<br />
providers are present in the region, gaining the region a high market share. . Asia Pacific was the<br />
second-largest market in 2016, valued at USD 7,513.1 million in 2016<br />
About <strong>Market</strong> Research Future:<br />
At <strong>Market</strong> Research Future (MRFR), we enable our customers to unravel the complexity of<br />
various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports<br />
(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and <strong>Market</strong> Research &<br />
Consulting Services.<br />
MRFR team have supreme objective to provide the optimum quality market research and<br />
intelligence services to our clients. Our market research studies by products, services, technologies,<br />
applications, end users, and market players for global, regional, and country level market segments,<br />
enable our clients to see more, know more, and do more, which help to answer all their most<br />
important questions.<br />
Contact:<br />
<strong>Market</strong> Research Future<br />
+1 646 845 9312<br />
Email: sales@marketresearchfuture.com