Industry Research by Koncept Analytics Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ): Industry Analysis & Outlook ----------------------------------------- (2018-2022) January 2018 1
Executive Summary Commercial aviation involves transportation of passengers and cargo through an operating aircraft. Demand for air travel is increasing every year due to its various advantages such as less time consumption, comfort and hence, the fleet size is experiencing a significant growth every year. In-service fleet of commercial aircraft can be classified under four classes that include narrow-body aircraft, wide-body aircraft, regional jet and turboprop aircraft. Regionally, Asia-Pacific is a major contributor to the global commercial Aircraft MRO market, supported by high demand for MRO services for wide-body aircrafts. Europe and North America are not likely to see any noteworthy growth in their commercial aircraft MRO markets in the coming years. The global commercial aircraft MRO market is expected to grow in future due to increasing air craft fleet size, decreasing annual aircraft retirements, growing traffic of airline scheduled passengers, increasing disposable income. Key trends of this market include decreasing jet fuel prices and growing participation of OEMS in MRO industry. However, there are some factors which can hinder the market growth including lack of trained MRO technicians and rapid technological changes. The report Global Commercial Aircraft MRO Market: by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Asia-Pacific, the U.S. and Europe regions along with the global market. The report profiles the key players of the market including General Electric, United Technologies Corporation, ST Engineering and Lufthansa Group. 2
US$ Billion Growth of global commercial aircraft MRO market is likely to be driven by growing size of commercial aircraft fleet, decreasing jet fuel prices and increasing airline profitability Global Commercial Aircraft MRO Market Forecast by Value (2017-2022) Global commercial aircraft MRO market is expected to reach US$.. billion in the year 2022, increasing from US$.. billion in the fiscal year 2017 at a CAGR of..%. In 2017, engine and airframe segments held respective shares of..% and..% in global commercial aircraft MRO market. Narrow-body aircraft contributed a share of..% to the global commercial aircraft MRO market in 2017, followed by wide-body aircraft with a share of..%. Global Commercial Aircraft MRO Market by Type (2017/2022) Global Commercial Aircraft MRO Market by Aircraft Class (2017) Engine Ariframe Component Line Narrow-Body Wide-Body Regional Jet Turboprop Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ): 3
Growth of Asia-Pacific commercial aircraft MRO Market is expected to be driven by increasing demand of MRO service for wide-body aircrafts, improving infrastructure and economic growth US$ Billion US$ Billion Global Commercial Aircraft MRO Market Forecast by Region (2017/2022) Asia-Pacific Europe North America Middle East & Africa Latin America In 2017, Asia-Pacific held a major share of..% in the global commercial aircraft MRO market, followed by Europe with a share of %. In 2022, Asia-Pacific commercial aircraft MRO market is expected to reach US$.. billion, increasing from US$.. billion in 2017. In year 2022, European commercial aircraft MRO market is expected to reach US$.. billion, increasing from US$.. billion in 2017, at a CAGR of..%. Asia-Pacific Commercial Aircraft MRO Market Forecast by Value (2017-2022) Europe Commercial Aircraft MRO Market Forecast by Value (2017-2022) Airframe Engine Component Line Airframe Engine Component Line Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ): 4
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