Global Aircraft MRO Market size was valued at US$ 73.43 Bn. in 2021 and the total revenue is expected to grow at 4.9% through 2022 to 2029, Aircraft MRO Market is reaching nearly US$ 107.66 Bn. by 2029.
Aircraft MRO Market Scope:
The report provided by MMR is a detailed study of the Aircraft MRO market, this study has also recognized all the major players in the global market based on the factors like volume, share, strategies, growth, etc. The report also suggests strategies for current market players as well as those who want to enter the market. The synopsis is expected to help and strengthen their position in the market
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The report has analyzed the market using various marketing methods like Porter's five forces, market share analysis, SWOT analysis, etc. In Porter's five forces, the factors and dynamics of the global market are recognized
This analysis is evaluated on various factors such as patents, government rules, and regulations, the impact of advertisements, the impact of COVID-19. All this data is expected to help in the decision-making process.
Aircraft MRO Market Segment:
The market is divided into Engine overhaul, airframe maintenance, line maintenance, modification, and components based on the type of service provided. By the end of 2026, the line maintenances market is anticipated to be worth USD $ 8.9 billion. Aspects of aircraft line maintenance include checking for issues on the aircraft body, identifying them, and fixing them. Periodic repairs and significant aircraft maintenance are also a component of the business. Line maintenance and planning, which was previously preferred to be kept in-house, has accounted for a larger share of MRO outsourcing in recent years. This is because several carriers have moved heavy and base maintenance work to emerging regions, primarily Asia, because they offer cheaper and more effective services.
Aircraft MRO Market Key players:
• AAR Corp
• Air-France Industries KLM Engineering & Maintenance
• Bombardier Inc.
• Delta TechOps
• GE Aviation
• Hong Kong Aircraft Engineering Co. Ltd.
• Lufthansa Technik
• MTU Aero Engines AG
• Triumph Group, Inc
• Airgas, Inc. (Air Liquide S.A.)
• WESCO International, Inc.
• Sonepar SA
• W.W. Grainger, Inc.
• Interline Brands, Inc.
• Motion Industries
• Greenwich Aero Group
• Abu Dhabi Aircraft Technologies
• Turkish Technic
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- North America (Canada, the United States, and Mexico.).
- Europe (France, Russia, Italy, Germany, UK, Turkey, etc.).
- Africa and the Middle East (Egypt and GCC Countries.).
- Asia-Pacific (Vietnam, Philippines, Malaysia, Korea, China, Thailand, Australia, Indonesia, and India, Japan).
- South America (Brazil etc.).
COVID-19 has impacted many businesses and industries. The long-term effects of this are also present in the report, problems caused by COVID-19 are also mentioned in this report and the probable solution to those is mentioned too. Considering the COVID-19 norms there are changes in the rules and regulations of the market. The solutions given in the report are expected to help those affected by the Covid-19 crisis.
Highlights Of the Aircraft MRO Market Study:
- It gives a detailed view of the market.
- The report mentions development strategies that will help the users.
- Recent market trends are also listed in the report.
- COVID-19 issues and the solution to those.
- The report is based on historical and current market analysis.
- It also mentions the factors affecting the growth of the market.
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