Global Narrowbody Aircraft MRO Market Overview
Prophecy Market Insights has recently published its insights on “Global Narrowbody Aircraft MRO Market” for the forecast period of 2018-2029. The market is segmented into By MRO Type (Components, Airframes & Modification, Engines, and Line Maintenance), By Platform (Military and Commercial), and By Region
Rise in air travelling in many countries is majorly increasing the demand for aircraft maintenance services which is the major driving factor for the target market growth. In addition, aircraft maintenance its repairing to sustain the lifespan of narrowbody aircraft is boosting the target market growth. Furthermore, MRO assures the crashworthiness of an aircraft which is expected to upsurge the target market growth over the forecast period. Moreover, increase in the participation of regional manufacturers in the field of aircraft MRO is also fueling the target market growth, across the globe. However, high cost of repair and replacement in terms of narrowbody aircraft MRO is restraining the target market growth.
Source: Secondary Research, Expert Interview and Prophecy Market Insights Research
North America to grow at the highest CAGR during the forecast period
North America is expected to dominate the target market growth over the forecast period due to the growth in air traffic in the international long-haul routes. Whereas, Europe is anticipated to be the second leading target market due to increase in air travelers in the region.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global narrowbody aircraft MRO market report segments the market on the basis of MRO type, platform, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global narrowbody aircraft MRO market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global narrowbody aircraft MRO market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global narrowbody aircraft MRO market. For instance, in April 2019, Airbus SE signed deal with GMF AeroAsia for component maintenance that is narrowbody aircraft MRO.
- GE Aviation Systems Group Ltd.
- Pratt & Whitney Services Inc.
- GMF AeroAsia
- Rolls Royce Holdings
- Honeywell Aerospace
- Lufthansa Technik
- HAECO ITM Ltd.
- ST Aerospace
- FL Technics Jet JSC
- Air Works LLC
Prophecy Market Insights offers required customization on this report according to specific business requirements.
Global Narrowbody Aircraft MRO Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By MRO Type
- Market Snippet, By Platform
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Narrowbody Aircraft MRO Market, By MRO Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Components
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Airframes & Modification
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Engines
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Line Maintenance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Narrowbody Aircraft MRO Market, By Platform , Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Military
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Narrowbody Aircraft MRO Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By MRO Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Platform , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By MRO Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Platform , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By MRO Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Platform , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By MRO Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Platform , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By MRO Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Platform , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- GE Aviation Systems Group Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pratt & Whitney Services Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GMF AeroAsia
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rolls Royce Holdings
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell Aerospace
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lufthansa Technik
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HAECO ITM Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ST Aerospace
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- FL Technics Jet JSC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Air Works LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Narrowbody Aircraft MRO Market accounted for US$ 23.88 billion in 2020 and is estimated to be US$ 37.22 billion by 2030 and is anticipated to register a CAGR of 4.50%.
The narrowbody aircraft MRO market report segments the market on the basis of MRO type, platform, and region.
Advancements in predictive maintenance technologies, the adoption of data analytics for condition-based monitoring, and a focus on sustainable and eco-friendly MRO practices. Opportunities could arise from the growing global fleet of narrowbody aircraft, increased demand for MRO services, and collaborations for the development of innovative maintenance solutions.
The increasing number of narrowbody aircraft in service, the need for efficient maintenance practices to minimize downtime, and the importance of regulatory compliance in the aviation industry.
North America and Europe often have a significant share in the aerospace industry, but specific dynamics can vary based on regional airline preferences, regulatory environments, and market competition. The latest market reports should be consulted for region-specific insights.
The key players operating in the Global Narrowbody Aircraft MRO Market includes GE Aviation Systems Group Ltd., Pratt & Whitney Services Inc., GMF AeroAsia, Rolls Royce Holdings, Honeywell Aerospace, Lufthansa Technik, HAECO ITM Ltd., ST Aerospace, FL Technics Jet JSC and Air Works LLC