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Europe Aircraft MRO Market Forecast to 2030
Europe Aircraft MRO Market Forecast to 2030 – Regional Analysis – by Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End Users (Commercial and Military)
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Description
Growing Integration of Digital Technology in MRO Industry Drives Europe Aircraft MRO Market
Considering the growing competition worldwide, 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. The data-driven technologies such as data analytics—which help in tracking aircraft MRO activities in real-time—would also optimize the air travel experience of crew and passengers. Other advanced technologies such as AI and machine learning 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 is driving the aircraft MRO market.
Europe Aircraft MRO Market Overview
The aircraft 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 some of the significant factors driving the demand for aircraft MRO in Europe. The demand for new modern aircraft in the commercial and military aircraft fleets in the region is also driving the market for aircraft MRO. Airline in Europe needs to adhere to the stringent rules and regulations set by the European Aviation Safety Agency (EASA) to ensure that passenger safety is directly impacting the growth of aircraft MRO market. Aircraft MRO aids in the maintenance process and improves the aircraft’s reliability and productivity.
In addition, the European market 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 aircraft MRO market is expected to expand, which will eventually boost the European aircraft MRO market.
FL Technics, Lufthansa Technik, and Rolls-Royce Plc are among the players operating in the Europe aircraft MRO market. For instance, FL Technics, a global provider of aircraft 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 engines and airframes.
In June 2023, Pratt & Whitney, a subsidiary of RTX (Raytheon Technologies Corporation), unveiled the conclusion of significant engine and aftermarket agreements with Croatia Airlines. These agreements pertain to the state-of-the-art Geared Turbofan (GTF) engines designated to power Croatia Airlines’ extensive fleet comprising 15 Airbus A220-100 and A220-300 aircraft. This fleet encompasses both acquired and leased planes, with six being purchased outright and nine procured under lease arrangements, including six from Air Lease Corporation (ALC). The inaugural aircraft is slated for delivery during the second quarter of 2024. As part of these agreements, Pratt & Whitney will assume responsibility for comprehensive engine maintenance for Croatia Airlines’ fleet through a long-term EngineWise maintenance agreement. This collaboration underscores Pratt & Whitney’s commitment to providing robust aftermarket support and maintenance services to optimize the performance and reliability of Croatia Airlines’ Airbus A220 aircraft fleet.
The agreement between Pratt & Whitney and Croatia Airlines reinforces the capability and capacity of European MRO providers. This, coupled with the expected increase in the demand for MRO services due to fleet expansion, positions the European aircraft MRO market for growth and prominence in the global aviation industry.
Europe Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)
Europe Aircraft MRO Market Segmentation
The Europe aircraft MRO market is categorized into components, aircraft type, end users, and country.
Based on components, the Europe aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2022.
In terms of aircraft type, the Europe aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger market share in 2022.
By end users, the Europe aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022.
By country, the Europe aircraft MRO market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Germany dominated the Europe aircraft MRO market share in 2022.
AAR CORP; Barnes Group Inc; Collins Aerospace; Delta TechOps; FLTechnics, UAB; GE Aviation; Lufthansa Technik; Rolls-Royce plc; Singapore Technologies Engineering Ltd; and Turkish Technic Inc are among the leading companies operating in the Europe aircraft MRO market.
Summary Info
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According to the Research Team’ research, the Europe aircraft MRO market was valued at US$ 21,686.23 million in 2022 and is projected to reach US$ 29,753.43 million by 2030, registering a CAGR of 4.0% from 2022 to 2030. Increasing air travel and retrofitting of older aircraft fleet are among the critical factors attributed to drive the Europe aircraft MRO market growth.
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 holding on to 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. The retrofitting trend is soaring among the MRO service providers. Thus, the integration of advanced and modern technologies into older aircraft fleets is expected to change the aircraft MRO market landscape as well as the face of the aviation industry.
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.
On the contrary, OEMs entering aftermarket hampers the growth of Europe aircraft MRO market.
Based on components, the Europe aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held 38.6% market share in 2022, amassing US$ 8,375.47 million. It is projected to garner US$ 12,454.91 million by 2030 to register 5.1% CAGR during 2022–2030.
In terms of aircraft type, the Europe aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 65.6% share of Europe aircraft MRO market in 2022, amassing US$ 14,229.76 million. It is anticipated to garner US$ 19,532.38 million by 2030 to expand at 4.0% CAGR during 2022–2030.
By end users, the Europe aircraft MRO market is divided into commercial and military. The commercial segment held 70.0% share of Europe aircraft MRO market in 2022, amassing US$ 15,182.19 million. It is projected to garner US$ 20,815.11 million by 2030 to expand at 4.0% CAGR from 2022 to 2030.
Based on country, the Europe aircraft MRO market is categorized into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Our regional analysis states that Germany captured 28.0% share of Europe aircraft MRO market in 2022. It was assessed at US$ 6,078.78 million in 2022 and is likely to hit US$ 7,652.58 million by 2030, registering a CAGR of 2.9% during 2022–2030.
Key players operating in the Europe aircraft MRO market are AAR CORP; Barnes Group Inc; Collins Aerospace; Delta TechOps; FLTechnics, UAB; GE Aviation; Lufthansa Technik; Rolls-Royce plc; Singapore Technologies Engineering Ltd; and Turkish Technic Inc, among others.
In August 2023, Barnes Group Inc announced that it has completed the acquisition of MB Aerospace, a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers.
In June 2023, TUSAS Engine Industries Inc. (TEI) and GE Aerospace reached an agreement extending TEI’s license to conduct F110 Depot Level Maintenance services for several countries which operate F-16 & F-15 fighter aircraft. The collaboration will further strengthen ties between TEI and its long-term partner GE Aerospace in military engine services.
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 the Europe aircraft 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 Europe aircraft MRO market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial 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 Aircraft 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. Europe Aircraft MRO Market – Key Industry Dynamics
5.1 Aircraft 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
5.2.3 Rising Outsourcing Trends in the Aviation Industry
5.3 Market Restraints
5.3.1 OEMs Entering 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. Aircraft MRO Market – Europe Market Analysis
6.1 Europe Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
6.2 Europe Aircraft MRO Market Forecast and Analysis
7. Europe Aircraft MRO Market Analysis – Components
7.1.1 Overview
7.1.2 Europe Aircraft MRO Market, By Components (2022 and 2030)
7.2 Engine MRO
7.2.1 Overview
7.2.2 Engine MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Avionics MRO
7.3.1 Overview
7.3.2 Avionics MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Airframe MRO
7.4.1 Overview
7.4.2 Airframe MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Cabin MRO
7.5.1 Overview
7.5.2 Cabin MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.6 Landing Gear MRO
7.6.1 Overview
7.6.2 Landing Gear MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Aircraft MRO Market Analysis – Aircraft Type
8.1.1 Overview
8.1.2 Europe Aircraft MRO Market, By Aircraft Type (2022 and 2030)
8.2 Fixed Wing Aircraft
8.2.1 Overview
8.2.2 Fixed Wing Aircraft Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Rotary Wing Aircraft
8.3.1 Overview
8.3.2 Rotary Wing Aircraft Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Aircraft MRO Market Analysis – End Users
9.1 Overview
9.1.1 Europe Aircraft MRO Market, By End Users (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Military
9.3.1 Overview
9.3.2 Military Market, Revenue and Forecast to 2030 (US$ Million)
10. Europe Aircraft MRO Market – Country Analysis
10.1 Europe
10.1.1 Europe Aircraft MRO Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 Germany Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 Germany Aircraft MRO Market Breakdown by Components
10.1.1.1.2 Germany Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.1.3 Germany Aircraft MRO Market Breakdown by End Users
10.1.1.2 France Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 France Aircraft MRO Market Breakdown by Components
10.1.1.2.2 France Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.2.3 France Aircraft MRO Market Breakdown by End Users
10.1.1.3 Italy Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Italy Aircraft MRO Market Breakdown by Components
10.1.1.3.2 Italy Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.3.3 Italy Aircraft MRO Market Breakdown by End Users
10.1.1.4 UK Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 UK Aircraft MRO Market Breakdown by Components
10.1.1.4.2 UK Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.4.3 UK Aircraft MRO Market Breakdown by End Users
10.1.1.5 Russia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Russia Aircraft MRO Market Breakdown by Components
10.1.1.5.2 Russia Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.5.3 Russia Aircraft MRO Market Breakdown by End Users
10.1.1.6 Rest of Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Rest of Europe Aircraft MRO Market Breakdown by Components
10.1.1.6.2 Rest of Europe Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.6.3 Rest of Europe Aircraft MRO Market Breakdown by End Users
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 AAR CORP
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Barnes Group Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Aviation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FLTechnics, UAB.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Turkish Technic Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Singapore Technologies Engineering Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lufthansa Technik
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Delta TechOps
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Rolls-Royce Holdings Plc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Collins Aerospace
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team
LIST OF TABLES
Table 1.         Europe Aircraft MRO Market Segmentation
Table 2.         Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3.         Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Components
Table 4.         Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Aircraft Type
Table 5.         Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – End Users
Table 6.         Germany Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 7.         Germany Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 8.         Germany Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 9.         France Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 10.       France Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 11.       France Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 12.       Italy Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 13.       Italy Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 14.       Italy Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 15.       UK Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 16.       UK Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 17.       UK Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 18.       Russia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 19.       Russia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 20.       Russia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 21.       Rest of Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 22.       Rest of Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 23.       Rest of Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
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LIST OF FIGURES
Figure 1.        Europe Aircraft MRO Market Segmentation, By Country
Figure 2.        Porter’s Analysis
Figure 3.        Ecosystem: Aircraft MRO Market
Figure 4.        Impact Analysis of Drivers and Restraints
Figure 5.        Europe Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
Figure 6.        Europe Aircraft MRO Market Share (%) – Components, 2022 and 2030
Figure 7.        Engine MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8.        Avionics MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9.        Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10.     Cabin MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11.     Landing Gear MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12.     Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13.     Europe Aircraft MRO Market Share (%) – Aircraft Type, 2022 and 2030
Figure 14.     Fixed Wing Aircraft Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15.     Rotary Wing Aircraft Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16.     Europe Aircraft MRO Market Share (%) – End Users, 2022 and 2030
Figure 17.     Commercial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18.     Military Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19.     Europe Aircraft MRO Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20.     Europe Aircraft MRO Market Breakdown by Country (2022 and 2030)
Figure 21.     Germany Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22.     France Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23.     Italy Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24.     UK Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25.     Russia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26.     Rest of Europe Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27.     Heat Map Analysis by Key Players
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The List of Companies – Europe Aircraft MRO Market
o AAR CORP
o Barnes Group Inc
o Collins AerospaceÂ
o Delta TechOpsÂ
o FLTechnics, UAB.Â
o GE AviationÂ
o Lufthansa TechnikÂ
o Rolls-Royce Holdings Plc
o Singapore Technologies Engineering LtdÂ
o Turkish Technic Inc.
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