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Commercial Aero Engine MRO Market: Trends, Opportunities and Competitive Analysis

Commercial Aero Engine MRO Market: Trends, Opportunities and Competitive Analysis

  • August 2022
  • 84 pages
  • ID: 6362782
  • Format: PDF
  • Lucintel

Summary

Table of Contents

Trends, opportunities and forecast in the commercial aero engine MRO market to 2027 by MRO activities (maintenance, repair, and overhaul) and region (North America, Europe, Asia Pacific, and the Rest of the World)

Commercial Aero Engine MRO Market Trends and Forecast
The future of the global commercial aero engine MRO market looks promising with opportunities in maintenance, repair, and overhaul activities. The global commercial aero engine MRO market is expected to grow with a CAGR of 4.5% from 2021 to 2027. The major growth drivers for this market are technological advancements for lower emissions and less maintenance, use of advanced materials, and demand for more fuel-efficient engines.

Emerging Trends in the Commercial Aero Engine MRO Market
Emerging trend, which has a direct impact on the dynamics of the industry, includes increasing fleet of engines, part replacements, and integrated MRO solutions from OEMs.

Commercial Aero Engine MRO Market by Segment

In this market, maintenance is the largest MRO activities market. The study includes a forecast for the global commercial aero engine MRO market by MRO activities, and region as follows:

Commercial Aero Engine MRO Market by MRO Activities (Value ($ million) from 2016 to 2027):
• Maintenance
• Repair
• Overhaul

Commercial Aero Engine MRO Market by Region (Value ($ million) from 2016 to 2027):
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Commercial Aero Engine MRO Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies commercial aero engine MRO companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the commercial aero engine MRO companies profiled in this report includes.
• General Electric
• Pratt & Whitney
• Rolls Royce
• Delta Techops
• Lufthansa Techniks
Commercial Aero Engine MRO Market Insights
• In recent years, several factors have been shaping the overall aerospace industry. There is a huge market potential for suppliers of composites and other advanced materials in the aerospace sector with growing demand for more fuel-efficient aircraft.
• North America is expected to remain the largest region during the forecast period due to highest number of aircraft deliveries and production in this region.
Features of the Commercial Aero Engine MRO Market
• Market Size Estimates: Commercial aero engine MRO market size estimation in terms of value ($M)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Commercial aero engine MRO market size by various segments, such as MRO activities in terms of value
• Regional Analysis: Commercial aero engine MRO market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different MRO activities, and regions for the commercial aero engine MRO market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the commercial aero engine MRO market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for commercial aero engine MRO market?
Answer: The commercial aero engine MRO market is expected to grow at a CAGR of 4.5% from 2021 to 2027.
Q2. What are the major drivers influencing the growth of the commercial aero engine MRO market?
Answer: The major drivers for this market are technological advancements for lower emissions and less maintenance, use of advanced materials, and demand for more fuel-efficient engines.
Q3. What are the major type or end use industries for commercial aero engine MRO ?
Answer: Aircraft maintenance is the major segment by MRO activities for commercial aero engine MRO.
Q4. What are the emerging trends in commercial aero engine MRO market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing fleet of engines, part replacements, and integrated MRO solutions from OEMs.
Q5. Who are the key commercial aero engine MRO companies?

Answer: Some of the key commercial aero engine MRO companies are as follows:
• General Electric
• Pratt & Whitney
• Rolls Royce
• Delta Techops
• Lufthansa Techniks
Q7. In commercial aero engine MRO market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region during the forecast period due to highest number of aircraft deliveries and production in this region.
Q9. Do we receive customization in this report?
Answer: Yes, The analyst provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global commercial aero engine MRO market by MRO activities (maintenance, repair, and overhaul), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years?

For any questions related to commercial aero engine MRO market or related to commercial aero engine MRO market share, commercial aero engine MRO market analysis, and commercial aero engine MRO market size, write to Lucintel analysts at [email protected] We will be glad to get back to you soon.

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