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Global Aircraft Engine MRO Market Research Report - Forecast to 2023
Global Aircraft engines MRO Market Information by Aircraft Type (Widebody Aircraft, and
Narrowbody Aircraft), Application (Commercial Air Transport, and Business & General Aviation)
and by Region - Forecast to 2023
Market Research Future Publish a New Report on - “Aircraft Engine MRO Market Research
Report - Forecast to 2023”
Exclusive Summary:
Aircraft Engine MRO Market has gained a huge traction around the globe owing to the increased Air
Travel rate. According to a recent study report published by the Market Research Future, The
Aircraft Engine MRO Market is projected to grow at a rapid pace during the forecast period (2016 –
2023). The Aircraft Engine MRO Market is forecasted to demonstrate an aggrandized growth by
2023, surpassing its previous growth records; with 6.43 % CAGR during the forecasted period
2016-2023.
Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO
service providers. Many new MRO service centres have been setup in such countries in recent
years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field
of aircraft engine MRO. Development of next-generation engines is major factor driving the growth
of the market. The leading edge aviation propulsion (LEAP) engine, is the most fuel-efficient engine
available in the market, and had received more than USD 100 billion in orders by 2015, which has
propelled the market for aircraft engines. Additionally, need for proper maintenance of engines &
engine components, is also driving the growth of the aircraft engines MRO market. However,
environmental Hazards is the factor that may hamper the growth of the market.
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The key factors driving the growth are retrofit of older fleets, expanding fleet size, and focus of OEM
on engine and aircraft MRO. MRO outsourcing, IT enabled MRO, demand in emerging countries are
the ongoing trends which will have positive impact on the market during the forecast period.
However, factors such as government regulations, aircraft retirement, and environmental hazards
are likely to pose as restraining factors to the market growth.
The key players of global aircraft engines MRO market are GE Aviation (U.S.), Rolls-Royce (U.K.),
Pratt & Whitney (U.S.), Lufthansa Technik (Germany), Safran Aircraft Engines (Paris), SIA
Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France),
MTU Aero Engines (Germany), ST Aerospace (Singapore) and Delta TechOps (U.S.).
Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of
Aircraft Engine MRO appears to be highly competitive. Well established players incorporate
acquisition, collaboration, partnership, expansion, and technology launch in order to gain
competitive advantage in this market and to maintain their market position. Strategic partnerships
between Key players support the growth and expansion plans of the key players during the forecast
period. The Key players operating in the market compete based on pricing, technology, reputation
and services. These vendors are committed to deliver reliable, leading-edge products and services.
These well-established vendors also have dedicated stations in all of the areas of the maintenance
operations—hangars, shops and offices—where system consultation is possible. Whatever is
related to a part number, service bulletin or maintenance task; the mobile application allows
technicians to see maintenance tasks or parts availability in the warehouse, for example, and not
have to move to one of these stations. They also have access to the technical library Toolbox. To
enable these mobile apps, iPhones and iPads are provided, Technicians can take pictures and videos
of maintenance underway and share them among stations, supervisors, engineering or quality
control. It’s a new tool and it’s a good opportunity to expedite information.
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Regional Analysis
In 2016, North America was the leading region for the global aircraft engine MRO market. It
accounted for the largest market share of 31.00% in 2016, with a market value of USD 8,626.1
million. A number of the major aircraft manufacturers (such as Boeing) and engine MRO services
providers are present in the region, gaining the region a high market share. . Asia Pacific was the
second-largest market in 2016, valued at USD 7,513.1 million in 2016
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