MRO referred to as Maintenance, Repair & Overhaul, is the main activity undertaken in the lifespan of aircraft & its engine. MRO is necessary as the aircraft is one of the expensive assets; MRO is carried out to maintain the functional & safe operation of aircraft. MRO is a complex socio-technical system for safe operation & availability of aircraft at minimal cost. The socio-technical system consists of various levels like; organizational structure, infrastructure, the environmental context, management, the technical core and workers. The use of Aircraft Engine MRO is growing due to; rising investment in the facilities related to MRO, number of opportunities, rising number of air passengers over the past years, increase in disposable income with middle class population across the globe, etc. Therefore, the Aircraft Engine MRO Market is anticipated to expand and has tremendous scope during the forecast period. The global Aircraft Engine MRO Market anticipated to flourish in the future by growing at a significantly higher CAGR.
The global Aircraft Engine MRO Market is based on segment, by Engine Type the market is segmented into Turboprop, Turbojet and Turbofan, and by Application the market is segmented into Business & General Aviation and Commercial Air Transport.
Aircraft Engine MRO Market, By Engine Type
Aircraft Engine MRO Market, By Application
Business & General Aviation
Commercial Air Transport
On a global front, the Aircraft Engine MRO Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA).
Aircraft Engine MRO Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The leading players in the market are Rolls-Royce, Lufthansa Technik, Delta Air Lines, MTU AERO ENGINES and GE. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Delta Air Lines
MTU AERO ENGINES
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?