Europe Airframe MRO Market Forecast to 2030
Europe Airframe MRO Market Forecast to 2030 – Regional Analysis – by Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft) and Component (Fuselage, Wings and Rotors, Landing Gear, and Others)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Retrofitting of Older Aircraft Fleet Drives Europe Airframe MRO Market
Retrofitting, which refers to the installation or addition of newer technologies on older aircraft fleets, helps increase passenger comfort and safety and facilitates the airlines in maintaining their older fleets. Continuous advancements in aircraft technologies are resulting in the upgrade of MRO capabilities. MRO service providers are constantly seeking upgrades and procurement of newer technologies in order to service the newer aircraft as well as retrofit the upgraded technologies on the older aircraft fleets. In the current scenario, global commercial airlines are keeping their older aircraft fleet owing to the drop in fuel prices. This factor is compelling the airlines to opt for MRO activities frequently, which is facilitating the MRO service providers to offer the airlines to retrofit the aircraft fleet with newer technologies. Hence, the integration of advanced and modern technologies into older aircraft fleets is expected to change the Europe airframe MRO market landscape as well as revolutionize the aviation industry. In addition, there is a rise in demand for real-time data analytics, especially in technologically advanced potential regions such as Europe, where the adoption of the above-mentioned technology is maturing at an exponential rate. Adoption of such technology has enabled many aircraft fleet owners to manage their maintenance schedule. Retrofitting such technology in the older aircrafts is supporting the fleet owners to provide enhanced comfort and safety to their passengers with the help of timely maintenance. Thus, the retrofitting of older aircraft fleets is likely to create opportunities for the Europe airframe MRO market growth during the forecast period. There is a rise in demand for real-time data analytics, especially in technologically advanced potential regions such as Europe, where the adoption of the above-mentioned technology is maturing at an exponential rate.
Europe Airframe MRO Market Overview
The airframe MRO market in Europe is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. With more than 20,000 flights a day and ~500 million passengers traveling every year by air, Europe is accredited to have the world’s busiest airspace. The strength of the regional economy and growing air travel, which is increasing the use of MRO services due to growing flying hours, are a few of the significant factors driving the demand for airframe MRO services in Europe. The requirement for new modern aircraft in the commercial and military aircraft fleets in the region is also driving the market for airframe MRO services. Airlines in Europe need to adhere to the stringent rules and regulations set by the European Aviation Safety Agency (EASA) to ensure passenger safety, which is directly impacting the growth of the airframe MRO market. Airframe MRO aids in the maintenance process and improves the aircraft’s reliability and productivity.
In addition, the market in Europe is influenced by the company’s inorganic market strategies, such as partnerships, which help establish relationships with other suppliers while also allowing the company to gain market position. For example, Lufthansa Technik, Germany’s largest MRO service provider, teamed up with Collins Aerospace, a US-based aerospace and defense products supplier. The collaboration aims to provide maintenance services for the Airbus A380 main landing gear. As a result of the collaboration, the German airframe MRO market is expected to expand, which will eventually boost the Europe airframe MRO market. FL Technics, Lufthansa Technik, and Rolls-Royce Plc are among the players operating in the Europe airframe MRO market. For instance, FL Technics, a global provider of airframe MRO services, acquired Wright International. FL Technics MRO offers a broad range of line maintenance services for wide-body and narrow-body aircraft. According to The Insight Partners analysis, in 2023, Europe had a fleet of more than 5,000 operational commercial aircraft, which is expected to reach ~7,000 commercial aircraft fleet by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for MRO services in the region. Moreover, such an increase in the number of aircraft fleets across Europe is expected to bolster the requirement of MRO for major aircraft components such as airframes.
Europe Airframe MRO Market Revenue and Forecast to 2030 (US$ Million)
Europe Airframe MRO Market Segmentation
The Europe airframe MRO market is segmented based on aircraft type, component, and country.
Based on aircraft type, the Europe airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger share in 2022.
In terms of component, the Europe airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held the largest share in 2022.
Based on country, the Europe airframe MRO market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany dominated the Europe airframe MRO market in 2022.
AAR CORP; Barnes Group Inc; GE Aviation; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace are some of the leading companies operating in the Europe airframe MRO market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Europe airframe MRO market was valued at US$ 5,789.03 million in 2022 and is expected to reach US$ 8,078.32 million by 2030, registering a CAGR of 4.3% from 2022 to 2030. Growing integration of digital technology in MRO industry and increasing air travel are among the critical factors attributed to the Europe airframe MRO market expansion.
The implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create continuous data flow through various levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations. The digital revolution in the aviation industry significantly impacts all areas of the supply chain of the aviation industry, including aircraft operations, air traffic management, and aircraft and component manufacturing and servicing. Data-driven technologies such as data analytics, which help in tracking airframe MRO activities in real-time, also optimize the air travel experience of crew and passengers. AI, machine learning, and other advanced technologies facilitate the airline crew and management to understand the airworthiness of the aircraft.
Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, the increasing integration of digital technologies such as AI and machine learning drives the Europe airframe MRO market.
On the contrary, entry of OEMs in aftermarket hampers the growth OF Europe airframe MRO market.
Based on aircraft type, the Europe airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 65.6% share of the Europe airframe MRO market in 2022, amassing US$ 3,795.01 million. It is projected to garner US$ 5,169.85 million by 2030 to expand at 3.9% CAGR during 2022-2030.
In terms of component, the Europe airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held 42.2% share of the Europe airframe MRO market in 2022, amassing US$ 2,441.91 million. It is estimated to garner US$ 3,265.24 million by 2030 to expand at 3.7% CAGR during 2022-2030.
Based on country, the Europe airframe MRO market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany held 27.4% share of Europe airframe MRO market in 2022, amassing US$ 1,584.34 million. It is projected to garner US$ 2,042.20 million by 2030 to expand at 3.2% CAGR during 2022-2030.
Key players operating in the Europe airframe MRO market are AAR CORP; Barnes Group Inc; GE Aviation; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe airframe MRO market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Airframe MRO Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.3 Ecosystem Analysis
4.3.1 Component Suppliers
4.3.2 MRO Service Providers
4.3.3 End Users
4.4 List of Vendors
4.4.1 List of Vendors for the Airframe MRO
5. Europe Airframe MRO Market – Key Industry Dynamics
5.1 Europe Airframe MRO Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Air Travel
5.2.2 Growing Integration of Digital Technology in MRO Industry
5.3 Market Restraints
5.3.1 Entry of OEMs in Aftermarket
5.3.2 Rise in Environmental Concerns
5.4 Market Opportunities
5.4.1 Retrofitting of Older Aircraft Fleet
5.4.2 Increasing Adoption of Sustainable Aviation Fuel (SAF)
5.5 Future Trends
5.5.1 Blockchain Technology Changing MRO Landscape
5.6 Impact of Drivers and Restraints:
6. Airframe MRO Market – Europe Market Analysis
6.1 Europe Airframe MRO Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Airframe MRO Market Forecast and Analysis
7. Europe Airframe MRO Market Analysis – Aircraft Type
7.1 Overview
7.1.1 Europe Airframe MRO Market, By Aircraft Type (2022 and 2030)
7.2 Fixed Wing
7.2.1 Overview
7.2.2 Fixed Wing Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Rotary Wing
7.3.1 Overview
7.3.2 Rotary Wing Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Airframe MRO Market Analysis – Component
8.1 Overview
8.1.1 Europe Airframe MRO Market, By Component (2022 and 2030)
8.2 Fuselage
8.2.1 Overview
8.2.2 Fuselage Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Wings and Rotors
8.3.1 Overview
8.3.2 Wings and Rotors Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Landing Gear
8.4.1 Overview
8.4.2 Landing Gear Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Airframe MRO Market – Country Analysis
9.1 Europe
9.1.1 Europe Airframe MRO Market, Breakdown, By Country – Revenue (2022) (US$ Million)
9.1.2 Europe Airframe MRO Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Europe Airframe MRO Market Revenue and Forecasts and Analysis – By Component
9.1.2.2 Germany Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Germany Airframe MRO Market Breakdown by Aircraft Type
9.1.2.2.2 Germany Airframe MRO Market Breakdown by Component
9.1.2.3 France Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 France Airframe MRO Market Breakdown by Aircraft Type
9.1.2.3.2 France Airframe MRO Market Breakdown by Component
9.1.2.4 Italy Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Italy Airframe MRO Market Breakdown by Aircraft Type
9.1.2.4.2 Italy Airframe MRO Market Breakdown by Component
9.1.2.5 UK Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 UK Airframe MRO Market Breakdown by Aircraft Type
9.1.2.5.2 UK Airframe MRO Market Breakdown by Component
9.1.2.6 Russia Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Russia Airframe MRO Market Breakdown by Aircraft Type
9.1.2.6.2 Russia Airframe MRO Market Breakdown by Component
9.1.2.7 Rest of Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Rest of Europe Airframe MRO Market Breakdown by Aircraft Type
9.1.2.7.2 Rest of Europe Airframe MRO Market Breakdown by Component
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 AAR CORP
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Barnes Group Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 GE Aviation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 FLTechnics, UAB.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Turkish Technic Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Singapore Technologies Engineering Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Lufthansa Technik
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Delta TechOps
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Rolls-Royce Holdings Plc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Collins Aerospace
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Research Team
LIST OF TABLES
Table 1. Europe Airframe MRO Market Segmentation
Table 2. Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million) – Aircraft Type
Table 4. Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 6. Germany Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 7. Germany Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. France Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 9. France Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 10. Italy Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 11. Italy Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 12. UK Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 13. UK Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 14. Russia Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 15. Russia Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 16. Rest of Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 17. Rest of Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Â
Â
LIST OF FIGURES
Figure 1. Europe Airframe MRO Market Segmentation, By Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Europe Airframe MRO Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Airframe MRO Market Revenue (US$ Million), 2022 – 2030
Figure 6. Europe Airframe MRO Market Share (%) – Aircraft Type, 2022 and 2030
Figure 7. Fixed Wing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Rotary Wing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Europe Airframe MRO Market Share (%) – Component, 2022 and 2030
Figure 10. Fuselage Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Wings and Rotors Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Landing Gear Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Europe Airframe MRO Market, by Key Country – Revenue (2022) (US$ Million)
Figure 15. Europe Airframe MRO Market Breakdown by Country (2022 and 2030)
Figure 16. Germany Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 17. France Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Italy Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. UK Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Russia Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Rest of Europe Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe Airframe MRO Market
1. AAR CORP
2. Barnes Group Inc
3. GE Aviation
4. FLTechnics, UAB.
5. Turkish Technic Inc.
6. Singapore Technologies Engineering Ltd
7. Lufthansa Technik
8. Delta TechOps
9. Rolls-Royce Holdings Plc
10. Collins Aerospace
You must be logged in to post a review.
Reviews
There are no reviews yet.