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
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEurope 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
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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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
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.
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2022 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
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Segments Covered |
By Aircraft Type By Component By End User By Country
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Regional Scope |
Europe |
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Country Scope |
United Kingdom, Germany, France, Italy, Spain, Russia, Poland,
Slovakia, Netherland, Norway |
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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. |
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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) |
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