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Aircraft Engine MRO Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 145
  • SKU: IRTNTR46479
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The aircraft engine MRO market share is predicted to increase by USD 7.47 billion from 2021 to 2026, at a CAGR of 4.45%.

This research report extensively covers aircraft engine MRO market segmentations by the following:

  • Type -  Turbofan and turbojet and turboprop
  • Geography - APAC, Europe, North America, Middle East and Africa, and South America

The aircraft engine MRO market report further provides detailed data on several market vendors, including A J Walter Aviation Ltd., AAR Corp., Air France-KLM, Ana Holdings Inc., Aviation Technical Services Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, General Electric Co., International Consolidated Airlines Group SA, Israel Aerospace Industries Ltd., John Swire and Sons Ltd., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Holdings Plc, Safran SA, SIA Engineering Co., Singapore Technologies Engineering Ltd., TAP AIRPORTUGAL, and Turkish Airlines among others.

One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Aircraft Engine MRO Market Size be During the Forecast Period?

Aircraft Engine MRO Market Size

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Aircraft Engine MRO Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing investments in MRO facilities is notably driving the aircraft engine MRO market growth, although factors such as barriers to the adoption of new technology and equipment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft engine MRO industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Engine MRO Market Driver

The increasing investments in MRO facilities is one of the key drivers contributing to the aircraft engine MRO market growth. For instance, in February 2020, American Airlines announced an investment of $550 million in its base maintenance facility for aircraft in Tulsa, Oklahoma. It is the airline's largest base maintenance facility and is an integral part of operating the carrier's fleet of nearly 1,000 mainline aircraft safely and reliably.  This expansion of MRO service facilities will enable them to provide a full list of services, including aircraft inspections, engine change, and others. Thus, the development of such MRO facilities will propel the demand for aircraft engine MRO services in the US, France, and India, thereby contributing to the growth of the aircraft engine maintenance, repair, and overhaul (MRO) market in focus during the forecast period.

Key Aircraft Engine MRO Market Trend

The introduction of 3D printing technology is one of the key aircraft engine MRO market trends fueling aircraft engine MRO market growth. For instance, in February 2020, Pratt & Whitney announced the first-in-MRO application of 3D printing for aero-engine components. The company revealed the industrial use of 3D printing for an aero-engine component for commercial aircraft engines. The introduction of numerous new technologies, such as MRO applications of 3D printing, provides enhanced performance and increased efficiency to aircraft engines. The ATP engine features a 16:1 overall pressure ratio, which is among the best in the industry, enabling the engine to achieve as much as 20% lower fuel burn and 10% higher cruise power compared to competitor offerings in the same size class. Thus, such developed features with the introduction of 3D printing will drive the aircraft engine MRO market growth during the forecast period.

Key Aircraft Engine MRO Market Challenge

Barriers to the adoption of new technology and equipment is one of the factors hampering the aircraft engine MRO market growth. There are vendors who work with government agencies and departments of defense within various countries. In view of this, it become mandatory for the service providers to comply with stringent regulations at the federal, state, and local levels. However, the technologically advanced equipment also goes through a rigorous testing and evaluation process prior to certification. In addition, innovations require substantial backing and support from prominent manufacturers and MRO service providers in the defense market. Major players in the industry require a business incentive to support such innovations. Thus, delay in the adoption of new technology by MRO service providers can hamper the growth of the global aircraft engine maintenance, repair, and overhaul (MRO) market during the forecast period.

This aircraft engine MRO market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global aircraft engine MRO market as a part of the global aerospace & defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft engine MRO market during the forecast period.

Who are the Major Aircraft Engine MRO Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • A J Walter Aviation Ltd.
  • AAR Corp.
  • Air France-KLM
  • Ana Holdings Inc.
  • Aviation Technical Services Inc.
  • Delta Air Lines Inc.
  • Deutsche Lufthansa AG
  • General Electric Co.
  • International Consolidated Airlines Group SA
  • Israel Aerospace Industries Ltd.
  • John Swire and Sons Ltd.
  • MTU Aero Engines AG
  • Raytheon Technologies Corp.
  • Rolls-Royce Holdings Plc
  • Safran SA
  • SIA Engineering Co.
  • Singapore Technologies Engineering Ltd.
  • TAP AIRPORTUGAL
  • Turkish Airlines

 

This statistical study of the aircraft engine MRO market encompasses successful business strategies deployed by the key vendors. The aircraft engine MRO market is fragmented and the vendors are deploying growth strategies such as availability, price, quality, and technology to compete in the market.

Product Insights and News

  • AAR Corp. - Under the aviation services segment, the company offers supply chain and maintenance, repair, and overhaul activities. 
  • AAR Corp. - The company offers major maintenance inspections, modifications, upgrades, refurbishments, and painting for a diverse range of aircraft original equipment manufacturing platforms which include Airbus, Boeing, Bombardier, and Embraer. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aircraft engine MRO market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aircraft Engine MRO Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft engine MRO market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aircraft Engine MRO Market?

Aircraft Engine MRO Market Market segmentation by region

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38% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the aircraft engine MRO market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Reduced airfares will facilitate the aircraft engine MRO market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Due to the outbreak of COVID-19, the regional market faced some of the biggest challenges. However, due to the ongoing COVID-19 vaccination drives, airline operators have resumed certain services. Such resumptions will drive the aircraft engine maintenance, repair, and overhaul market growth during the forecast period.

What are the Revenue-generating Type Segments in the Aircraft Engine MRO Market?

Aircraft Engine MRO Market Segmentation

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The aircraft engine MRO market share growth by the turbofan and turbojet segment will be significant during the forecast period. The turbojet is the simplest form of all aircraft turbine engines and consists of four sections, which include compressors, combustion chambers, a turbine section, and an exhaust. The majority of modern airliners use turbofan engines because of their high thrust and good fuel efficiency. Jet engines, also called gas turbines, work by sucking air into the front of the engine using a fan. The fan and fan turbine are composed of numerous blades and are connected to an additional shaft. The majority of the recent growth of the turbofan engine MRO segment was driven by second-generation CFM56 engines with retractable wings in their first and second shop visits. These factors will propel the turbofan and turbojet segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft engine MRO market size and actionable market insights on post COVID-19 impact on each segment.

 

Aircraft Engine MRO Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.45%

Market growth 2022-2026

$ 7.47 billion

Market structure

Fragmented

YoY growth (%)

4.85

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, China, India, Russia, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A J Walter Aviation Ltd., AAR Corp., Air France-KLM, Ana Holdings Inc., Aviation Technical Services Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, General Electric Co., International Consolidated Airlines Group SA, Israel Aerospace Industries Ltd., John Swire and Sons Ltd., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Holdings Plc, Safran SA, SIA Engineering Co., Singapore Technologies Engineering Ltd., TAP AIRPORTUGAL, and Turkish Airlines

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Aircraft Engine MRO Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive aircraft engine MRO market growth during the next five years
  • Precise estimation of the aircraft engine MRO market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aircraft engine MRO industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aircraft engine MRO market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Turbofan and turbojet - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Turbofan and turbojet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Turbofan and turbojet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Turbofan and turbojet - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Turbofan and turbojet - Year-over-year growth 2021-2026 (%)
    • 5.4 Turboprop - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Turboprop - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Turboprop - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Turboprop - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Turboprop - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Russia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 AAR Corp.
              • Exhibit 89: AAR Corp. - Overview
              • Exhibit 90: AAR Corp. - Business segments
              • Exhibit 91: AAR Corp. - Key news
              • Exhibit 92: AAR Corp. - Key offerings
              • Exhibit 93: AAR Corp. - Segment focus
            • 10.4 Delta Air Lines Inc.
              • Exhibit 94: Delta Air Lines Inc. - Overview
              • Exhibit 95: Delta Air Lines Inc. - Business segments
              • Exhibit 96: Delta Air Lines Inc. - Key offerings
              • Exhibit 97: Delta Air Lines Inc. - Segment focus
            • 10.5 Deutsche Lufthansa AG
              • Exhibit 98: Deutsche Lufthansa AG - Overview
              • Exhibit 99: Deutsche Lufthansa AG - Business segments
              • Exhibit 100: Deutsche Lufthansa AG - Key news
              • Exhibit 101: Deutsche Lufthansa AG - Key offerings
              • Exhibit 102: Deutsche Lufthansa AG - Segment focus
            • 10.6 General Electric Co.
              • Exhibit 103: General Electric Co. - Overview
              • Exhibit 104: General Electric Co. - Business segments
              • Exhibit 105: General Electric Co. - Key news
              • Exhibit 106: General Electric Co. - Key offerings
              • Exhibit 107: General Electric Co. - Segment focus
            • 10.7 John Swire and Sons Ltd.
              • Exhibit 108: John Swire and Sons Ltd. - Overview
              • Exhibit 109: John Swire and Sons Ltd. - Business segments
              • Exhibit 110: John Swire and Sons Ltd. - Key offerings
              • Exhibit 111: John Swire and Sons Ltd. - Segment focus
            • 10.8 MTU Aero Engines AG
              • Exhibit 112: MTU Aero Engines AG - Overview
              • Exhibit 113: MTU Aero Engines AG - Business segments
              • Exhibit 114: MTU Aero Engines AG - Key news
              • Exhibit 115: MTU Aero Engines AG - Key offerings
              • Exhibit 116: MTU Aero Engines AG - Segment focus
            • 10.9 Raytheon Technologies Corp.
              • Exhibit 117: Raytheon Technologies Corp. - Overview
              • Exhibit 118: Raytheon Technologies Corp. - Business segments
              • Exhibit 119: Raytheon Technologies Corp. - Key news
              • Exhibit 120: Raytheon Technologies Corp. - Key offerings
              • Exhibit 121: Raytheon Technologies Corp. - Segment focus
            • 10.10 Rolls-Royce Holdings Plc
              • Exhibit 122: Rolls-Royce Holdings Plc - Overview
              • Exhibit 123: Rolls-Royce Holdings Plc - Business segments
              • Exhibit 124: Rolls-Royce Holdings Plc - Key news
              • Exhibit 125: Rolls-Royce Holdings Plc - Key offerings
              • Exhibit 126: Rolls-Royce Holdings Plc - Segment focus
            • 10.11 Safran SA
              • Exhibit 127: Safran SA - Overview
              • Exhibit 128: Safran SA - Business segments
              • Exhibit 129: Safran SA - Key news
              • Exhibit 130: Safran SA - Key offerings
              • Exhibit 131: Safran SA - Segment focus
            • 10.12 SIA Engineering Co.
              • Exhibit 132: SIA Engineering Co. - Overview
              • Exhibit 133: SIA Engineering Co. - Business segments
              • Exhibit 134: SIA Engineering Co. - Key news
              • Exhibit 135: SIA Engineering Co. - Key offerings
              • Exhibit 136: SIA Engineering Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Aircraft Engine MRO market growth will increase by $7470 million during 2022-2026.
              The aircraft engine mro market is expected to grow at a CAGR of 4.45% during 2022-2026.
              Technavio has segmented the aircraft engine mro market by type (Turbofan and turbojet and Turboprop) and geographic (APAC, Europe, North America, Middle East and Africa, and South America).
              A J Walter Aviation Ltd., AAR Corp., Air France-KLM, Ana Holdings Inc., Aviation Technical Services Inc., Delta Air Lines Inc., Deutsche Lufthansa AG, General Electric Co., International Consolidated Airlines Group SA, Israel Aerospace Industries Ltd., John Swire and Sons Ltd., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Holdings Plc, Safran SA, SIA Engineering Co., Singapore Technologies Engineering Ltd., TAP AIRPORTUGAL, Turkish Airlines are a few of the key vendors in the aircraft engine mro market.
              APAC will register the highest growth rate of 38.08% among the other regions. Therefore, the aircraft engine mro market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the aircraft engine mro market growth are:
              • Increasing investments in MRO facilities
              • Introduction of 3D printing technology
              The aircraft engine mro market vendors should focus on grabbing business opportunities from the turbofan and turbojet segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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