The recent report on “Aircraft MRO Market Report 2023 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2033” offered by We Markets, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Aircraft MRO Market”.
Aircraft MRO Market gained a value of USD 83,160 million in 2022 and is estimated to reach a value of USD 144,500 million by 2033, depicting a sigmoid growth curve behavior within the industry at a CAGR of 5.4% during the forecast period.
Based on component, the aircraft MRO market is bifurcated into Airframe, Engine, Landing Gear, Interior Components, Auxiliary Power Unit (APU) and Others. As depicted below, engines and airframes account for the majority of the aircraft MRO industry. This is due to the fact that these components are the most complex and expensive to maintain. Landing gear, interior components, and APUs are also important components, but they require less frequent and less complex maintenance.
Global Aircraft MRO Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyzes the potential of the global Aircraft MRO industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy Analysis, opportunities and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this report analyzed the market of leading 20 countries and introduce the market potential of these countries.
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Competitive Analysis
Some of the major companies operating within the aircraft MRO are: AAR Corp., Airbus SE, Delta Airlines, Inc. (Delta TechOps), Hong Kong Aircraft Engineering Company Limited, KLM U.K. Engineering Limited, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation (Previously United Technologies Corporation), Singapore Technologies Engineering Ltd, TAP Maintenance & Engineering (TAP Air Portugal).
Market Segmentation
By Aircraft Type
By Service Type
By Maintenance Provider
By Component
By Technology
Regional Analysis
Based on the regional scope, the aircraft MRO is analyzed across North America, Europe, APAC, South America and MEA. North America dominates the market with an active share of 35% in 2023, owing to number of commercial aircraft routes is the United States, with over 200,000 routes.
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