1. Market Research
  2. > Aerospace and Defense
  3. > Aerospace
  4. > Aviation
  5. > Aircraft Market Trends
Aircraft Engine MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Engine, Application, and Aircraft Type

Aircraft Engine MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Engine, Application, and Aircraft Type

  • May 2022
  • 188 pages
  • ID: 6289878
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The Aircraft Engine MRO market size was valued at US$ 32.04 million by 2028 from US$ 22.15 million in 2021; it is expected to grow at a CAGR of 5.7% during 2022–2028.

Aircraft engine MRO providers are offering several services, such as routine engine maintenance.Some aircraft engine providers focus on manufacturing one or two engines, whereas others have large engine portfolios for multiple uses.

All the aircraft engines require routine maintenance and daily check before aircraft fly. In transition, the aircraft fleet redefines the aircraft engine MRO market because of many permanent retirements of older aircraft.
The popularity of narrow-body aircraft has been growing since 2021 due to the European Union Aviation Safety Agency and Federal Aviation Administration’s decisions to recertify Boeing 737 MAX commercial use. In 2021, more than 23,700 aircraft flew, out of which more than 14,000 were narrow-body aircraft, owing to this the narrow body segment accounted for a significant share in the global aircraft engine MRO market share.
The aircraft engine MRO market ecosystem is evolving.Further, major players occupy places in the first node of the aircraft engine MRO market ecosystem.

Moreover, engine manufacturers and MRO service vendors provide maintenance, repair, and overhaul services to commercial airlines, military forces, and general aviation owners.
Companies such as Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC are among the leading manufacturers in the aircraft engine MRO market. These companies are engaged in providing a wide range of aircraft engine MRO services to end-users, such as commercial airliners, military forces, general aviation owners, and other customers.
In February 2022, Safran Helicopter Engines signed a Memorandum of Understanding (MoU) withs Engineering to study the use of Sustainable Aviation Fuel (SAF) in helicopter engines, with the objective of assisting helicopter operators in their transition to the use of SAF.
In March 2022, Safran signed a “Memorandum of Understanding” with Hindustan Aeronautics Limited (HAL) to extend their cooperation and explore opportunities for new helicopter engines in civil and military markets, reflecting their commitment to the Indian Government’s vision of “Atmanirbhar Bharat” towards achieving self-reliance in defence technologies and MRO (Maintenance, Repair and Overhaul).

The aircraft engine MRO market study is segmented into engine, application, and aircraft type.Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine.

In 2020, the turbine engine segment led the aircraft engine MRO market with a larger share.Based on application, the market is segmented into commercial aviation, general aviation, and military aviation.

In 2020, the commercial segment accounted for the largest share in the global aircraft engine MRO market. Based on aircraft type, the market is segmented into fixed wing aircraft and rotary wing aircraft.
The fixed wing aircraft dominated the aircraft engine MRO market in 2020 with a larger share.By geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

In 2020, Asia Pacific accounted for a significant market share of the aircraft engine MRO market.

The key players profiled in the aircraft engine MRO market analysis include Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC

The COVID-19 outbreak adversely affected the world and disrupted the economic conditions of several countries.Flights remained idle in the Middle East and Africa (MEA) due to the COVID-19 pandemic, which declined the demand for MRO services.

The crisis resulted in a loss of business among the aircraft engine MRO market players offering their services to respective airlines in the Middle East and Africa.According to the International Air Transport Association, airlines’ revenue got negatively impacted due to the temporary shutdown of flights.

The worst-affected aviation market in the Middle East and Africa was Saudi Arabia, followed by the UAE.More than 16,000 general aviation aircraft were cancelled in the Middle East and Africa in 2020.

Reduced flight activities in the Middle East and Africa hindered the market growth in 2020.
Recently, many patients infected by Omicron (new COVID-19 variant) were found in South African countries, which became one of the key concerns worldwide.The outbreak led to the closure of international borders and halted African flights worldwide.

The COVID-19 outbreak led manufacturers to suspend their operations or operate with a minimal workforce temporarily.This weakened the demand for aircraft components, which negatively impacted the aircraft engine MRO market in the region.

However, in 2022, the Middle East is expected to receive about 1,211 aircraft and Africa is expected to get 1,043 aircraft.By 2031, the number of aircraft deliveries is expected to increase to 2,382 and 1,328 in the Middle East and Africa, respectively.

The Middle East and Africa have a limited number of MRO providers that can perform all types of MRO operations. Thus, international MRO providers are trying to increase their footprint in the region. This is expected to propel the aircraft engine MRO market growth in the Middle East and Africa during the forecast period.
In 2021, Rolls-Royce signed a Total Care agreement with MNG Airlines for the Trent 700 engines that power its two additional Airbus A330-300 P2F freighter aircraft.
In 2021, the low-cost flag carrier of Saudi Arabia, flynas, signed a multi-year RPFH deal with CFM International for the LEAP-1A engines that power the airline’s fleet of 80 Airbus A320neo aircraft.

The overall aircraft engine MRO market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the aircraft engine MRO market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights.

The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the aircraft engine MRO market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Aircraft Engine Forging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Forging Type, Material Type, Application

  • $ 4550
  • January 2022
  • 175 pages

The aircraft engine forging market is projected to reach US$ 3,260.77 million by 2028 from US$ 2,145.80 million in 2021; it is expected to grow at a CAGR of 6.2% from 2021 to 2028. The global aviation ...

  • World
  • Europe
  • Aircraft Engine
  • Metal Manufacturing
  • Industry analysis
  • Passenger Traffic
  • Aircraft Fleet Size

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on