Air Transport MRO Market By Aircraft Type (Narrow Body, Wide Body, Regional Jet, Turboprop), By Offering (Engine, Component, Airframe, Line), By End-User (Passenger, Cargo) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Expanding Air Travel Fleet with Growing Passenger to Boost Air Transport MRO Market
The aviation industry and businesses at its periphery are experiencing robust growth with the expansion of global population. Affordable air travel and rising disposable income of middle class is pushing the passenger travel at record level. This has influenced the demand for new fleet of aircrafts from airliners which in turn encouraged the growth of air transport MRO market. Moreover, new initiatives such as visa on arrival and open-sky agreement among countries like the U.S. and India, has further influenced the passenger travel among countries of the world. With increasing passenger number, the demand for new planes is also growing which has influenced the growth of air transport MRO market in the year 2018.
In the next decade, over 200 Mn more people are expected to move into middle class category. It will upswing aviation industry and air transport MRO market to show good growth is unquestionable. Additionally, market liberalization, improvement in service quality and competition among players will further influence the market growth. However, lack of skilled technicians and higher maintenance cost is expected to hinder the growth of the market during the forecast period of 2019 to 2027.
Emergence of e-commerce to Increase Cargo Share in End-user Segment
Based on end-user, passenger segment captured over 85% of market share in the year 2018. However, with the emergence of e-commerce, the percentage of cargo segment is estimated to increase in the near future. E-commerce giant Amazon has recently announced 15 more cargo planes with capacity of 79 ton each. With this addition, Amazon has a fleet of 65 cargo planes. With e-commerce market growing stupendously in the Asia Pacific, the cargo segment is expected to increase its share in the near future.
Asia Pacific is estimated to register the highest Market Share
Currently, Asia Pacific is trailing behind North America and Europe. However, with growing middle class population, aviation market is expected to grow in coming decade which in turn will influence the air transport MRO market in region. With the economic development of Asia Pacific, in particular China and India, are the major countries where middle class population is exploding. This large population with its growing inclination towards air travel is estimated to drive the market growth during the forecast period. In addition, lower labor rate and rapid development of infrastructure in China and India is expected to further boost the air transport MRO market. Recently, China announced its plan to add 74 new airports, totaling 260 airports nationally by 2020. Also, China’s neighbor and fastest growing economy of the world, India also has plan to add 100 more airports by 2024. With such major developments, the air transport MRO market is estimated to show good growth in Asia Pacific.
New Technological Development is keeping the Market Competitive
Major players profiled in the air transport MRO market include AAR Corp., Air France Industries KLM Engineering & Maintenance, Hong Kong Aircraft Engineering Company Limited, Delta TechOps, Lufthansa Technik, Airbus S.A.S., Singapore Technologies Engineering Ltd., Turkish Technic Inc., Sabena Technics and SR Technics among others.
The overall air transport MRO market is fragmented and companies are adopting strategies such as partnering with airlines and use of technology to improve its efficiency and thereby its market share. For instance, in October 2019, Airinmar Ltd., a subsidiary of AAR Corp. has signed a 3 year agreement with JetBlue Airways for providing component value engineering cost oversight servicing for its AirBus and Embraer fleets. With this agreement AAR Corp. has increased its client base and share in the overall air transport MRO market. Also, in October 2019, AirBus S.A.S. has partnered with Delta Air Lines, Inc. for developing predictive maintenance and health monitoring solutions for airlines worldwide by 2020. This can be accessible through AirBus Skywise platform. With predictive intelligence airlines can keep higher number of fleet availability. With this partnership, company is expecting to increase its share in global air transport MRO market.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Air transport MRO market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global air transport MRO market based on aircraft type, offering, end-user and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Aircraft Type Segment (2017-2027; US$ Bn) |
|
Offering Segment (2017-2027; US$ Bn) |
|
|
End-user (2017-2027; US$ Bn)) |
|
|
Geography Segment (2017-2027; US$ Bn) |
Key questions answered in this report
- What was the market size of air transport MRO market in 2018 and forecast up to 2027?
- What are the key factors driving the global air transport MRO market?
- What are the key market trends and high-growth opportunities observed in the air transport MRO market?
- Which is the largest regional market for air transport MRO market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the air transport MRO market?
- What are the key strategies adopted by the leading players operating in the market?
Unique data points of this report
- Information on air transport MRO worldwide.
- Recent trends across different regions in terms of development of air transport MRO
- Attractive investment proposition for aircraft type segment as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
- Market size in terms of revenue for air transport MRO
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: ATMRO Market
2.2. ATMRO Market, by Aircraft Type, 2018 (US$ Bn)
2.3. ATMRO Market, by Offering, 2018 (US$ Bn)
2.4. ATMRO Market, by End-user, 2018 (US$ Bn)
2.5. ATMRO Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. ATMRO Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Air Transport MRO (ATMRO) Market, by Aircraft Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Narrow Body
4.3. Wide Body
4.4. Regional Jet
4.5. Turboprop
5. Air Transport MRO (ATMRO) Market, by Offering, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Engine
5.3. Component
5.4. Airframe
5.5. Line
6. Air Transport MRO (ATMRO) Market, by End-user, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Passenger
6.3. Cargo
7. North America Air Transport MRO (ATMRO) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America ATMRO Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. North America ATMRO Market Value, By Aircraft Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America ATMRO Market Value, By Offering, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America ATMRO Market Value, By End-user, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America ATMRO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Air Transport MRO (ATMRO) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe ATMRO Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Europe ATMRO Market Value, By Aircraft Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe ATMRO Market Value, By Offering, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe ATMRO Market Value, By End-user, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe ATMRO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Air Transport MRO (ATMRO) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific ATMRO Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific ATMRO Market Value, By Aircraft Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific ATMRO Market Value, By Offering, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific ATMRO Market Value, By End-user, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific ATMRO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Air Transport MRO (ATMRO) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World ATMRO Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World ATMRO Market Value, By Aircraft Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World ATMRO Market Value, By Offering, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World ATMRO Market Value, By End-user, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World ATMRO Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. AAR Corp.
11.2. Air France Industries KLM Engineering & Maintenance
11.3. Hong Kong Aircraft Engineering Company Limited
11.4. Delta TechOps
11.5. Lufthansa Technik
11.6. Airbus S.A.S.
11.7. Singapore Technologies Engineering Ltd.
11.8. Turkish Technic Inc.
11.9. Sabena Technics
11.10. SR Technics
* Here we are using ATMRO as a short form of Air Transport MRO
TABLE 1 Market Snapshot: Global Air Transport MRO (ATMRO) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global ATMRO Market, by Aircraft Type, 2017-2027, (US$ Bn)
TABLE 5 Global ATMRO Market, by Offering, 2017 – 2027, (US$ Bn)
TABLE 6 Global ATMRO Market, by End-user, 2017 – 2027, (US$ Bn)
TABLE 7 Global ATMRO Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America ATMRO Market, by Aircraft Type, 2017-2027, (US$ Bn)
TABLE 9 North America ATMRO Market, by Offering, 2017 – 2027, (US$ Bn)
TABLE 10 North America ATMRO Market, by End-user, 2017 – 2027, (US$ Bn)
TABLE 11 North America ATMRO Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe ATMRO Market, by Aircraft Type, 2017-2027, (US$ Bn)
TABLE 13 Europe ATMRO Market, by Offering, 2017 – 2027, (US$ Bn)
TABLE 14 Europe ATMRO Market, by End-user, 2017 – 2027, (US$ Bn)
TABLE 15 Europe ATMRO Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific ATMRO Market, by Aircraft Type, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific ATMRO Market, by Offering, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific ATMRO Market, by End-user, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific ATMRO Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World ATMRO Market, by Aircraft Type, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World ATMRO Market, by Offering, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World ATMRO Market, by End-user, 2017 - 2027, (US$ Bn)
TABLE 23 Rest of the World ATMRO Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 AAR Corp.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Air France Industries KLM Engineering & Maintenance: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Hong Kong Aircraft Engineering Company Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Delta TechOps: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Lufthansa Technik: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Airbus S.A.S.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Singapore Technologies Engineering Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Turkish Technic Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Sabena Technics: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 SR Technics: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Air Transport MRO (ATMRO) Market: Research methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ATMRO Market Segmentation
FIG. 4 Global ATMRO Market, by Aircraft Type, 2018, (US$ Bn)
FIG. 5 Global ATMRO Market, by Offering, 2018, (US$ Bn)
FIG. 6 Global ATMRO Market, by End-user, 2018, (US$ Bn)
FIG. 7 Global ATMRO Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global ATMRO Market Value, 2017 - 2027, (US$ Bn) and (Y-o-Y %)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key ATMRO Players, 2018
FIG. 11 Global ATMRO Market Value Share, by Aircraft Type, 2018 & 2027 (Value %)
FIG. 12 Global Narrow Body Aircraft Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Wide Body Aircraft Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global Regional Jet Aircraft Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global Turboprop Aircraft Market Value, 2017 – 2027, (US$ Bn)
FIG. 16 Global ATMRO Market Value Share, by Offering, 2018 & 2027 (Value %)
FIG. 17 Global ATMRO Market Value for Engine, 2017 – 2027, (US$ Bn)
FIG. 18 Global ATMRO Market Value for Component, 2017 – 2027, (US$ Bn)
FIG. 19 Global ATMRO Market Value for Airframe, 2017 – 2027, (US$ Bn)
FIG. 20 Global ATMRO Market Value for Line, 2017 – 2027, (US$ Bn)
FIG. 21 Global ATMRO Market Value Share, by End-user, 2018 & 2027 (Value %)
FIG. 22 Global Passenger ATMRO Market Value, 2017 – 2027, (US$ Bn)
FIG. 23 Global Cargo ATMRO Market Value, 2017 – 2027, (US$ Bn)
FIG. 24 North America ATMRO Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe ATMRO Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific ATMRO Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World ATMRO Market Value, 2017 – 2027, (US$ Bn)
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