Europe Aircraft Maintenance Repair Overhaul (MRO) Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (commercial, Military, Aviation), By Country, Competition Forecast and Opportunities, 2028

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Summary

Report Description

Europe Aircraft Maintenance Repair Overhaul (MRO) Market is forecast to grow at steady rate on account of increasing trend toward digitization in maintenance industry.

A necessary and inevitable component of every business are the maintenance, repair, and overhaul (MRO) services. A properly maintained aircraft or one of its parts can assist its businesses in avoiding serious threats to its operation. Therefore, many organizations in aviation sector concentrate primarily on developing suitable business processes and infrastructure. Airbus, Boeing and other manufacturing companies are driven to boost production levels and provide maintenance services for their aircraft as a result of the growing demand for air travel in Europe. There are several factors that are expected to drive Europe aircraft MRO market expansion, including rapid urbanization, rising economies, particularly in emerging nations, as well as a rise in business and tourism travel. Europe is world’s most visited place, accounting for more than 682 million domestic travelers in 2019.  It is anticipated that air travel in Europe will grow in upcoming years. External factors such as fleet size, aircraft utilization, and air traffic volumes will have a significant impact on the industry. Additionally, it is influenced by large investment in original equipment manufacturer services. As a result, the fleet size of existing aircraft is growing.

The COVID-19 epidemic has caused the economic growth of every nation to slow down. This economic slowdown had a big influence on the aviation industry.   All of the major nations in Europe, Asia, and North America have severely curtailed economic activity as well as the movement of people and products due to the COVID-19 pandemic, thereby restraining the growth of the Europe aircraft MRO industry's growth.


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Increasing Demand for Aircraft Maintenance, Repair, and Overhaul Services

The need for airline MRO services is rising along with the aviation industry's recent rapid expansion. The emerging economies in Europe place a strong emphasis on offering MRO services to both commercial and military aircraft manufacturers. The adoption of aircraft maintenance services is being driven by aviation infrastructure, economic growth, and an increase in passenger volume. Additionally, a growing middle-class population is the primary driver of the increase in air travel, which is raising demand for aircraft MRO services in the Europe region. Germany and France dominate the region, owing to its established MRO hubs and increasing number of passenger visits, thereby, driving the Europe aircraft MRO services across the region.

Advancement in Digital Technology

Generally, maintenance expenses in the aviation sector are higher than fuel expenses. Airlines need to adopt digital technology platform to track physical problems such as engines and cockpit controls in real-time, which will help them plan maintenance procedures, due to the steep increase in maintenance expenses. This enables them to create a continuous stream of data flowing through various supply chain levels. Data-driven technologies such as data analytics, which aid in tracking aircraft MRO activities in real time, will also improve the crew and passenger air travel experience. These technologies easily conduct checks and perform necessary maintenance and repairs on the aircraft. Owing to all these factors, Europe aircraft MRO market is anticipated to grow in upcoming years.

Increasing trend toward Original Equipment Manufacturers (OEMs) services

OEM manufacturers are considering MRO as major source of revenue in aircraft maintenance market. OEMs have experience constructing aircraft fleets and are leveraging this position to generate more income through aftermarket services. As a result, there will be more delay in service and maintenance due to less organizations which can hamper the growth of aircraft MRO market.

Market Segmentation

The Europe Aircraft MRO Market is segmented on the basis of aircraft type, component, end user, and country. Based on aircraft type, the market is segmented into fixed wing aircraft and rotary wing aircraft. On the basis of component, the market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. Based on end user, the market is divided into commercial, military, aviation. On the basis of Country wise segmentation in Europe, the market is divided into Germany, Russia, France, Spain, Italy, United Kingdom, Poland, Slovakia, Netherland, Norway.

Company Profiles
AAR Corp., Barnes Group Inc, GE Aviation, FL Technics UAB., Safran SA, Lufthansa Technik, Delta TechOps, Rolls-Royce plc., Collins Aerospace, and Bombardier Inc. are the key players developing advanced technologies to stay competitive in the market and enhance their product portfolio in the region to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Aircraft Type

By Component

By End User

By Country

By Company

Regional Scope

Europe

Country Scope

United Kingdom, Germany, France, Italy, Spain, Russia, Poland, Slovakia, Netherland, Norway

Key Companies Profiled

 AAR Corp., Barnes Group Inc, GE Aviation, FL Technics UAB , Safran SA, Lufthansa Technik, Delta TechOps, Rolls-Royce plc., Collins Aerospace, and Bombardier Inc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Europe Aircraft MRO Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Europe Aircraft MRO Market, By Aircraft Type:

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft

Europe Aircraft MRO Market, By Component:

  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
  • Others

Europe Aircraft MRO Market, By End User:

  • Commercial
  • Military
  • Aviation

Europe Aircraft MRO Market, By Country:

  • Europe
  • Germany
  • Russia
  • France
  • Spain
  • Italy
  • United Kingdom
  • Poland
  • Slovakia
  • Netherland
  • Norway

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe Aircraft MRO Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Europe Aircraft Maintenance Repair Overhaul Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Europe Aircraft MRO Market

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

4.1.3.     Key Countries Impacted

5.    Voice of Customer Analysis

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Awareness

5.3.  Challenges/Issues Faced Post Purchase

6.    Europe Aircraft MRO Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Aircraft Type Market Share Analysis (Fixed Wing Aircraft, Rotary Wing Aircraft)

6.2.2.     By Component Market Share Analysis (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others)

6.2.3.     By End User Market Share Analysis (Commercial, Military, Aviation)

6.2.4.     By Country Market Share Analysis

6.2.5.     By Company Market Share Analysis (By Value, 2022)

6.3.  Europe Aircraft MRO Market Mapping & Opportunity Assessment

6.3.1.     By Aircraft Type Market Mapping & Opportunity Assessment

6.3.2.     By Component Mapping & Opportunity Assessment

6.3.3.     By End User Mapping & Opportunity Assessment

6.3.4.     By Country Market Mapping & Opportunity Assessment

7.    Europe: Country Analysis

7.1.  United Kingdom Aircraft MRO Market Outlook

7.1.1.     Market Size & Forecast

7.1.1.1.         By Value

7.1.2.     Market Share & Forecast

7.1.2.1.         By Aircraft Type Market Share Analysis

7.1.2.2.         By Component Market Share Analysis

7.1.2.3.         By End User Market Share Analysis

7.2.  France Aircraft MRO Market Outlook

7.2.1.     Market Size & Forecast

7.2.1.1.         By Value

7.2.2.     Market Share & Forecast

7.2.2.1.         By Aircraft Type Market Share Analysis

7.2.2.2.         By Component Market Share Analysis

7.2.2.3.         By End User Market Share Analysis

7.3.  Germany Aircraft MRO Market Outlook

7.3.1.     Market Size & Forecast

7.3.1.1.         By Value

7.3.2.     Market Share & Forecast

7.3.2.1.         By Aircraft Type Market Share Analysis

7.3.2.2.         By Component Market Share Analysis

7.3.2.3.         By End User Market Share Analysis

7.4.  Russia Aircraft MRO Market Outlook

7.4.1.     Market Size & Forecast

7.4.1.1.         By Value

7.4.2.     Market Share & Forecast

7.4.2.1.         By Aircraft Type Market Share Analysis

7.4.2.2.         By Component Market Share Analysis

7.4.2.3.         By End User Market Share Analysis

7.5.  Spain Aircraft MRO Market Outlook

7.5.1.     Market Size & Forecast

7.5.1.1.         By Value

7.5.2.     Market Share & Forecast

7.5.2.1.         By Aircraft Type Market Share Analysis

7.5.2.2.         By Component Market Share Analysis

7.5.2.3.         By End User Market Share Analysis

7.6.  Poland Aircraft MRO Market Outlook

7.6.1.     Market Size & Forecast

7.6.1.1.         By Value

7.6.2.     Market Share & Forecast

7.6.2.1.         By Aircraft Type Market Share Analysis

7.6.2.2.         By Component Market Share Analysis

7.6.2.3.         By End User Market Share Analysis

7.7.  Italy Aircraft MRO Market Outlook

7.7.1.     Market Size & Forecast

7.7.1.1.         By Value

7.7.2.     Market Share & Forecast

7.7.2.1.         By Aircraft Type Market Share Analysis

7.7.2.2.         By Component Market Share Analysis

7.7.2.3.         By End User Market Share Analysis

7.8.  Slovakia Aircraft MRO Market Outlook

7.8.1.     Market Size & Forecast

7.8.1.1.         By Value

7.8.2.     Market Share & Forecast

7.8.2.1.         By Aircraft Type Market Share Analysis

7.8.2.2.         By Component Market Share Analysis

7.8.2.3.         By End User Market Share Analysis

7.9.  Netherlands Aircraft MRO Market Outlook

7.9.1.     Market Size & Forecast

7.9.1.1.         By Value

7.9.2.     Market Share & Forecast

7.9.2.1.         By Aircraft Type Market Share Analysis

7.9.2.2.         By Component Market Share Analysis

7.9.2.3.         By End User Market Share Analysis

7.10.              Norway Aircraft MRO Market Outlook

7.10.1.  Market Size & Forecast

7.10.1.1.      By Value

7.10.2.  Market Share & Forecast

7.10.2.1.      By Aircraft Type Market Share Analysis

7.10.2.2.      By Component Market Share Analysis

7.10.2.3.      By End User Market Share Analysis

8.    Market Dynamics

8.1.  Market Drivers

8.2.  Market Challenges

9.    Market Trends and Developments

10.  Porter’s Five Forces Model

10.1.              Competitive Rivalry

10.2.              Bargaining Power of Suppliers

10.3.              Bargaining Power of Buyers

10.4.              Threat of New Entrants

10.5.              Threat of Substitutes

11.  SWOT Analysis

11.1.              Strength

11.2.              Weakness

11.3.              Opportunities

11.4.              Threats

12.  Competitive Landscape

12.1.              Company Profiles

12.1.1.  AAR Corp.

12.1.1.1.      Company Details

12.1.1.2.      Products & Services

12.1.1.3.      Financial (As Reported)

12.1.1.4.      Recent Development

12.1.1.5.      Key Management Personnel

12.1.2.  Barnes Group Inc

12.1.2.1.      Company Details

12.1.2.2.      Products & Services

12.1.2.3.      Financial (As Reported)

12.1.2.4.      Recent Development

12.1.2.5.      Key Management Personnel

12.1.3.  GE Aviation

12.1.3.1.      Company Details

12.1.3.2.      Products & Services

12.1.3.3.      Financial (As Reported)

12.1.3.4.      Recent Development

12.1.3.5.      Key Management Personnel

12.1.4.  FLTechnics, UAB.

12.1.4.1.      Company Details

12.1.4.2.      Products & Services

12.1.4.3.      Financial (As Reported)

12.1.4.4.      Recent Development

12.1.4.5.      Key Management Personnel

12.1.5.  Safran SA

12.1.5.1.      Company Details

12.1.5.2.      Products & Services

12.1.5.3.      Financial (As Reported)

12.1.5.4.      Recent Development

12.1.5.5.      Key Management Personnel

12.1.6.  Lufthansa Technik

12.1.6.1.      Company Details

12.1.6.2.      Products & Services

12.1.6.3.      Financial (As Reported)

12.1.6.4.      Recent Development

12.1.6.5.      Key Management Personnel

12.1.7.  Delta TechOps

12.1.7.1.      Company Details

12.1.7.2.      Products & Services

12.1.7.3.      Financial (As Reported)

12.1.7.4.      Recent Development

12.1.7.5.      Key Management Personnel

12.1.8.  Rolls-Royce plc.

12.1.8.1.      Company Details

12.1.8.2.      Products & Services

12.1.8.3.      Financial (As Reported)

12.1.8.4.      Recent Development

12.1.8.5.      Key Management Personnel

12.1.9.  Collins Aerospace

12.1.9.1.      Company Details

12.1.9.2.      Products & Services

12.1.9.3.      Financial (As Reported)

12.1.9.4.      Recent Development

12.1.9.5.      Key Management Personnel

12.1.10.                Bombardier Inc.

12.1.10.1.    Company Details

12.1.10.2.    Products & Services

12.1.10.3.    Financial (As Reported)

12.1.10.4.    Recent Development

12.1.10.5.    Key Management Personnel

13.  Strategic Recommendations

13.1.              Key Focus Areas

13.2.              Target Regions & Countries

13.3.              Target Aircraft Type

14. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Major factor driving Europe aircraft MRO markets are increasing air traffic and advancement in digital technology.

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Europe Aircraft MRO Market based on component is segmented into Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others.

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The major player contributing to Europe Aircraft MRO Market are AAR Corp., Barnes Group Inc, GE Aviation, FL Technics UAB, Safran SA, etc.

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Europe Aircraft MRO Market based on component is segmented into Commercial, Military, and Aviation.

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Srishti Verma

Business Consultant
Press Release

Europe Aircraft Maintenance Repair Overhaul (MRO) Market to Grow at Impressive Rate through 2028

Dec, 2022

Rapid technological development and upsurge in air traffic due to large number of passengers is expected to drive the Europe Aircraft Maintenance Repair Overhaul (MRO) Market through 2028.

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