Dublin, Oct. 03, 2024 (GLOBE NEWSWIRE) — The “Widebody Aircraft MRO – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Widebody Aircraft MRO is valued at US$ 24.3 billion in 2023 and is projected to reach US$ 31.1 billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides in-depth analysis of market trends, drivers and forecasts, helping you make informed business decisions.
Growth in the wide-body aircraft MRO market is driven by several factors. First, the increase in global demand for air travel, especially on long-haul routes, is leading to an increase in the number of wide-body aircraft in service, which is driving the demand for MRO services. Second, the aging of the existing widebody fleet requires more frequent and comprehensive maintenance to ensure continued safety and efficiency. Third, regulatory requirements that mandate rigorous and regular maintenance checks for these large aircraft are reinforcing the need for specialized MRO services.
Additionally, technological advances in maintenance processes and tools are making MRO services more efficient and cost-effective, encouraging airlines to invest in timely and thorough maintenance. As airlines seek to maximize the operational life and reliability of their wide-body fleets, the wide-body MRO market is poised for strong growth, supported by continued innovation and the increasing complexity of modern aircraft systems.
Key insights:
- Market Growth: Understand the significant growth trajectory of the MRO Airframe segment, which is expected to reach $10.4 billion by 2030 at a CAGR of 4.5%. The Motor MRO segment is also set to grow at 3.6% CAGR during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated at $6.6 billion in 2023 and China, projected to grow at an impressive CAGR of 7.0% to reach $6.5 billion by 2030. Discover growth trends by region other key markets, including Japan, Canada, Germany, and Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets, including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profiles: Coverage of major players such as AeroTEC, Inc., Air France Industries KLM Engineering and Maintenance, Airbus SE, and more.
- Complementary updates: Get free report updates for a year to keep you informed of the latest market developments.
Main attributes:
| The report attribute | The details |
| Number of pages | 250 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 24.3 billion dollars |
| Projected market value (USD) by 2030 | 31.1 billion dollars |
| Compound annual growth rate | 3.6% |
| Regions covered | global |
Main topics covered:
MARKET SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Global economic update
- Widebody Aircraft MRO – Global Top Competitors Market Share to 2024 (E)
- Competitive market presence – strong/active/country/irrelevant for worldwide players in 2024 (E)
TRENDS AND INDICATORS
- Increasing demand for long haul drives drives MRO needs
- Technological advancements in maintenance tools drive market growth
- The growing aging fleet requires comprehensive MRO services
- The development of predictive maintenance technologies expands market opportunities
- Improved real-time monitoring systems strengthen the business case
- The increased focus on fuel efficiency generates demand for improvements
- Regulatory requirements supporting Propel Dynamics Market
- Increasing the use of Digital Twins and AR in the approval of maintenance drives
- Innovations in engine repair techniques strengthen MRO efficiency
- Increasing investment in MRO capabilities by airlines drives market growth
- Technological innovations in avionics maintenance generate demand
- Increasing adoption of automated maintenance systems drives market growth
- Expansion of MRO facilities in strategic locations drives market dynamics
FOCUS ON SELECTED PLAYERS (Total 86 featured)
- AeroTEC, Inc.
- Air France Industries KLM Engineering and Maintenance
- Airbus SE
- Ascent Aviation Services Corporation
- Delta Air Lines, Inc. (Delta TechOps)
- General Electric Company (Aerospace)
- Honeywell International Inc
- Hong Kong Aircraft Engineering Company Limited (HAECO Group)
- Lufthansa Technik AG
- MTU Aero Engines AG
- Rolls-Royce plc
- SIA Engineering Company
- Singapore Technologies Engineering Ltd
- Maintenance and Engineering of TAP
- Vallair SAS
For more information about this report, visit https://www.researchandmarkets.com/r/mr2ozr
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Global Wide Body Aircraft MRO Market
