Product Code: r6532
“Aircraft Maintenance Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for aircraft maintenance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft maintenance market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Service Type: Engine Overhaul; Line Maintenance; Modification; Components; APU
- 2) By Aircraft Type: Narrow-Body; Wide-Body
- 3) By Organization Type: Independent MRO; Original Equipment Manufacture MRO; Other Organization Types
- 4) By End-User: Commercial Aircraft; Military Aircraft
- Companies Mentioned: General Electric Aerospace; Lufthansa Technik; AAR Corp.; Delta Techops; ST Engineering
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the aircraft maintenance market are General Electric Aerospace, Lufthansa Technik, AAR Corp., Delta Techops, ST Engineering, Royal Royce, MTU Maintenance, Hong Kong Aircraft Engineering Co. Ltd., Aviation Technical Services, Boeing Company, Bombardier Inc., British Airways Engineering, Pemco, SIA Engineeing Company, Safran Aircraft Engines, Pratt & Whitney, Honeywell International, GMF AeroAsia, Airbus Group and Air France KLM Engineering & Maintenance.
The global aircraft maintenance market is expected to grow from $42.24 billion in 2022 to $44.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity pricesand supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft maintenance market is expected to reach $54.03 billion in 2027 at a CAGR of 4.94%.
The aircraft maintenance market includes revenues earned by entities by providing services like overall inspections of the aircraft's interior and hull for indications of damage, deflections, corrosion, missing information, pre-flight inspections, daily fluid verifications (before the first flight), failed rectificationsand minor failures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Aircraft maintenance refers to tasks required for the upkeep, overhaul, repair, or modification of an aircraft or an aircraft component carried out at a facility with the necessary personnel and equipment, as well as the ability to quickly obtain the necessary parts for the facility's operator.
Asia-Pacific was the largest region in the aircraft maintenance market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of aircraft maintenance services are engine overhaul, line maintenance, modifications, componentsand APU (auxiliary power unit), which are used in narrow-body and wide-body aircraft. An engine overhaul refers to disassembling the existing engine and installing new internal components. Major organizations involved are independent MRO (maintenance, repairand overhaul), original equipment manufacturer MROand others. Major end-users involved are commercial aircraft and military aircraft.
The increase in the number of air passengers is expected to boost the growth of the aircraft maintenance market going forward. An air passenger is a person or business involved primarily in the transportation of people by aircraft in interstate commerce. The prime reason for ongoing aircraft maintenance is the safety of all on board, particularly passengers. The safety of the passengers is the top priority of any aircraft owner. For instance, in March 2022, according to the International Air Transport Association (IATA), a Canada-based association that supports airline activity and helps formulate industry policy and standards, there will be 4.0 billion passengers worldwide in 2024 (including multi-sector connecting flights as one passenger), reaching pre-COVID-19 levels (103% of the amount for 2019). The total number of travelers in 2021 was 47% higher than in 2019and in 2022, 83% are anticipated, followed by 94% in 2023, 103% in 2024and 111% in 2025. Therefore, the increase in the number of air passengers is driving the growth of the aircraft maintenance market.
Technological innovation has emerged as the key trend gaining popularity in the aircraft maintenance market. Major companies operating in the aircraft maintenance market are developing technological innovations to strengthen their position in the market. For instance, in November 2022, Cirium, a UK-based company that provides data and analytics to the aviation and travel industries, launched the first phase of satellite-based aircraft maintenance tracking, the first satellite-based aircraft maintenance tracking function in the aviation sector. This technology aids in the identification of aircraft transitions and the development of strategies for how and where maintenance and replacement part budgets are allocated by technicians or owners. Developers can gain knowledge about whether an airline's aircraft had its cabins upgraded, acquired additional branding, is currently undergoing maintenance, or was placed back into service by monitoring each ground event for a specific aircraft. The Ascend Profiles User Interface (UI), which visualizes aircraft intelligence for airline and lessor profiles and offers rapid insights surrounding aircraft types, airport locations, OEMs, MROsand more, includes a feature called 'Ground Events'.
In September 2022, Modern Aviation, a US-based company that provides vital services to the general aviation community, acquired Elliott Aviation for an undisclosed amount. Through this acquisition, Modern Aviation Company provides its customers access to modern aviation services for the first time in the Midwest. Elliott Aviation is a US-based diversified aviation services company that provides services like avionics, maintenance, parts, paint and interiors, accessoriesand FBO (fixed-base operator) services.
The countries covered in the aircraft maintenance market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The aircraft maintenance market research report is one of a series of new reports from The Business Research Company that provides aircraft maintenance market statistics, including aircraft maintenance industry global market size, regional shares, competitors with an aircraft maintenance market share, detailed aircraft maintenance market segments, market trends and opportunitiesand any further data you may need to thrive in the aircraft maintenance industry. This aircraft maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Aircraft Maintenance Market Characteristics
3. Aircraft Maintenance Market Trends And Strategies
4. Aircraft Maintenance Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Aircraft Maintenance Market
- 4.2. Ukraine-Russia War Impact On Aircraft Maintenance Market
- 4.3. Impact Of High Inflation On Aircraft Maintenance Market
5. Aircraft Maintenance Market Size And Growth
- 5.1. Global Aircraft Maintenance Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Aircraft Maintenance Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Aircraft Maintenance Market Segmentation
- 6.1. Global Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Engine Overhaul
- Line Maintenance
- Modification
- Components
- APU
- 6.2. Global Aircraft Maintenance Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Narrow-Body
- Wide-Body
- 6.3. Global Aircraft Maintenance Market, Segmentation By Organization Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Independent MRO
- Original Equipment Manufacture MRO
- Other Organization Types
- 6.4. Global Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Commercial Aircraft
- Military aircraft
7. Aircraft Maintenance Market Regional And Country Analysis
- 7.1. Global Aircraft Maintenance Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Aircraft Maintenance Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Aircraft Maintenance Market
- 8.1. Asia-Pacific Aircraft Maintenance Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Aircraft Maintenance Market
- 9.1. China Aircraft Maintenance Market Overview
- 9.2. China Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Aircraft Maintenance Market
- 10.1. India Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Aircraft Maintenance Market
- 11.1. Japan Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Aircraft Maintenance Market
- 12.1. Australia Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Aircraft Maintenance Market
- 13.1. Indonesia Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Aircraft Maintenance Market
- 14.1. South Korea Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Aircraft Maintenance Market
- 15.1. Western Europe Aircraft Maintenance Market Overview
- 15.2. Western Europe Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Aircraft Maintenance Market
- 16.1. UK Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Aircraft Maintenance Market
- 17.1. Germany Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Aircraft Maintenance Market
- 18.1. France Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Aircraft Maintenance Market
- 19.1. Eastern Europe Aircraft Maintenance Market Overview
- 19.2. Eastern Europe Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Aircraft Maintenance Market
- 20.1. Russia Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Aircraft Maintenance Market
- 21.1. North America Aircraft Maintenance Market Overview
- 21.2. North America Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Aircraft Maintenance Market
- 22.1. USA Aircraft Maintenance Market Overview
- 22.2. USA Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Aircraft Maintenance Market
- 23.1. South America Aircraft Maintenance Market Overview
- 23.2. South America Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Aircraft Maintenance Market
- 24.1. Brazil Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Aircraft Maintenance Market
- 25.1. Middle East Aircraft Maintenance Market Overview
- 25.2. Middle East Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Aircraft Maintenance Market
- 26.1. Africa Aircraft Maintenance Market Overview
- 26.2. Africa Aircraft Maintenance Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Aircraft Maintenance Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Aircraft Maintenance Market Competitive Landscape And Company Profiles
- 27.1. Aircraft Maintenance Market Competitive Landscape
- 27.2. Aircraft Maintenance Market Company Profiles
- 27.2.1. General Electric Aerospace
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Lufthansa Technik
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. AAR Corp.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Delta Techops
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. ST Engineering
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Aircraft Maintenance Market
29. Aircraft Maintenance Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer