South & Central America Airframe MRO Market Forecast to 2030

South & Central America Airframe MRO Market Forecast to 2030

South & Central America 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)

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Description

The South & Central America airframe MRO market was valued at US$ 1,155.48 million in 2022 and is expected to reach US$ 1,406.68 million by 2030; it is estimated to register at a CAGR of 2.5% from 2022 to 2030.

Increasing Air Travel Fuels South & Central America Airframe MRO Market

Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. As a result, aircraft spend more time in the air and require frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency leads to greater demands for aircraft maintenance services to ensure safe and reliable operations. The surge in passenger numbers highlights the growing demand for air travel and the subsequent need for more frequent and efficient maintenance and repair services to ensure the safety and reliability of aircraft. As air travel continues to rise, MRO providers play a crucial role in meeting the maintenance demands of airlines, contributing to the growth of the South & Central America airframe MRO market.

South & Central America Airframe MRO Market Overview

The South & Central America airframe MRO market is undergoing rapid transformations, and the region has immense potential to increase its trade activities worldwide. Despite the slight recession in the region and economic crisis in countries such as Venezuela and Brazil in recent times, the overall region is likely to exhibit a positive outlook toward its global business in the coming years. The IATA has directed governments of South & Central American countries to implement smart industry regulations to ensure the establishment of appropriate infrastructure for the growth of the aviation sector. Achieving profitability through MRO services is a major challenge faced by airline service providers in South & Central America. The profit earned per passenger by the South & Central American airlines is insufficient compared to the global average. According to The Insight Partners analysis, in 2023, South & Central America had a fleet of more than 1,500 operational commercial aircraft, which is expected to surpass 2,100 by the end of 2033. Such trends of increasing aircraft feet are anticipated to generate the demand for MRO services in the region. Moreover, an increase in the number of aircraft fleets across South & Central America is expected to catalyze the requirement of MRO for major aircraft components such as airframes.

South & Central America Airframe MRO Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Airframe MRO Market Segmentation

The South & Central America airframe MRO market is segmented based on aircraft type, component, and country.

Based on aircraft type, the South & Central America 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 South & Central America 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 South & Central America airframe MRO market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America airframe MRO market in 2022.

AAR CORP, Barnes Group Inc, GE Aviation, 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 South & Central America airframe MRO market.

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At 2.5% CAGR, South & Central America Airframe MRO Market is Speculated to be Worth US$ 1,406.68 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America airframe MRO market was valued at US$ 1,155.48 million in 2022 and is expected to reach US$ 1,406.68 million by 2030, registering a CAGR of 2.5% from 2022 to 2030. Increasing adoption of sustainable aviation fuel (SAF) and retrofitting of older aircraft fleet are among the critical factors attributed to the South & Central America airframe MRO market expansion.

The aviation industry is intensifying its efforts to reduce carbon emissions and achieve sustainability goals, compelling MRO companies to adopt sustainable aviation fuel (SAF). By offering SAF-related services and technologies, MRO providers can position themselves as leaders in environmental sustainability and contribute to the industry’s commitment to greener aviation practices. This opportunity aligns with the growing demand for eco-friendly aviation solutions and can open new revenue streams while fostering a more sustainable future for the sector. In February 2023, Boeing entered into agreements to acquire 5.6 million gallons (equivalent to 21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, a global leader in SAF production. As airlines increasingly prioritize eco-friendly operations, MRO companies can offer services related to SAF integration and usage. This includes retrofitting aircraft to accommodate SAF, conducting SAF-related maintenance, and ensuring compliance with SAF standards and regulations. Thus, the increasing adoption of sustainable aviation fuels (SAFs) and related services is likely to present a significant opportunity for airframe MRO providers during the forecast period.

On the contrary, entry of OEMs in aftermarket hampers the growth of South & Central America airframe MRO market.

Based on aircraft type, the South & Central America airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 78.7% share of the South & Central America airframe MRO market in 2022, amassing US$ 909.94 million. It is projected to garner US$ 1,123.52 million by 2030 to expand at 2.7% CAGR during 2022-2030.

In terms of component, the South & Central America airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held 47.2% share of the South & Central America airframe MRO market in 2022, amassing US$ 545.62 million. It is estimated to garner US$ 654.26 million by 2030 to expand at 2.3% CAGR during 2022-2030.

Based on country, the South & Central America airframe MRO market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 40.8% share of South & Central America airframe MRO market in 2022, amassing US$ 470.97 million. It is projected to garner US$ 576.74 million by 2030 to expand at 2.6% CAGR during 2022-2030.

Key players operating in the South & Central America airframe MRO market are AAR CORP, Barnes Group Inc, GE Aviation, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Lufthansa Technik, Delta TechOps, Rolls-Royce Holdings Plc, and Collins Aerospace, among others.

2023: FL Technics, a leading aircraft maintenance solutions company, has started the establishment of new MRO infrastructure in Punta Cana International Airport (PUJ), the second-busiest airport in the Caribbean. Once the first stage of the development is finished, facilities will include 5 bays for base maintenance operations including a complex of full-fledged supporting shops.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America airframe MRO market.
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 South & Central America 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 South & Central America 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. South & Central America 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
5. South & Central America Airframe MRO Market – Key Industry Dynamics
5.1 South & Central America 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
5.4 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 – South & Central America Market Analysis
6.1 South & Central America Airframe MRO Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Airframe MRO Market Forecast and Analysis
7. South & Central America Airframe MRO Market Analysis – Aircraft Type
7.1 Overview
7.1.1 South & Central America 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. South & Central America Airframe MRO Market Analysis – Component
8.1 Overview
8.1.1 South & Central America 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. South & Central America Airframe MRO Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America Airframe MRO Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 South & Central America Airframe MRO Market Revenue and Forecasts and Analysis – By Country
9.1.1.2 Brazil Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Brazil Airframe MRO Market Breakdown by Aircraft Type
9.1.1.2.2 Brazil Airframe MRO Market Breakdown by Component
9.1.1.3 Argentina Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Argentina Airframe MRO Market Breakdown by Aircraft Type
9.1.1.3.2 Argentina Airframe MRO Market Breakdown by Component
9.1.1.4 Rest of South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.4.1 Rest of South & Central America Airframe MRO Market Breakdown by Aircraft Type
9.1.1.4.2 Rest of South & Central America 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 Turkish Technic Inc.
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 Singapore Technologies Engineering Ltd
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 Lufthansa Technik
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 Delta TechOps
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 Rolls-Royce Holdings Plc
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 Collins Aerospace
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
12. Appendix
12.1 About the Research Team

LIST OF TABLES

Table 1. South & Central America Airframe MRO Market Segmentation
Table 2. South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million) – Aircraft Type
Table 4. South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 5. South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Brazil Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 7. Brazil Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. Argentina Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 9. Argentina Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 10. Rest of South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 11. Rest of South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
 
 

LIST OF FIGURES

Figure 1. South & Central America Airframe MRO Market Segmentation, By Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: South & Central America Airframe MRO Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Airframe MRO Market Revenue (US$ Million), 2022 – 2030
Figure 6. South & Central America 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. South & Central America 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. South & Central America Airframe MRO Market, by Key Country – Revenue (2022) (US$ Million)
Figure 15. South & Central America Airframe MRO Market Breakdown by Country (2022 and 2030)
Figure 16. Brazil Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 17. Argentina Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Rest of South & Central America Airframe MRO Market Revenue and Forecasts to 2030 (US$ Mn)

The List of Companies – South & Central America Airframe MRO Market

1. AAR CORP
2. Barnes Group Inc
3. GE Aviation
4. Turkish Technic Inc.
5. Singapore Technologies Engineering Ltd
6. Lufthansa Technik
7. Delta TechOps
8. Rolls-Royce Holdings Plc
9. Collins Aerospace

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