Commercial Aircraft MRO Market: Global Analysis, Opportunities & Forecast To 2026

The global commercial aircraft MRO market is anticipated to grow at a commendable pace, on account of the rising number of air passengers and increasing production as well as deliveries of aircrafts. The development of low-cost carriers has enabled increased affordability, leading to rising sales of inexpensive flight tickets for various routes across the globe. Moreover, various regulatory authorities are also focusing on introducing strict reforms regarding the aircraft’s suitability for a safe flight. This factor along with growing demand for low maintenance aircrafts for long duration flights and rising capita per income are driving the market growth.

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As per MRO service type, the components segment is expected to hold 20% share in the overall commercial aircraft MRO market by the year 2026. Rising adoption of components such as electricals, landing gear, fuel systems and wheels & brakes has increased the frequency of component wear and tear which in turn may negatively impact the aircraft performance. In order to avoid the same, component manufacturers are providing long term service packages to consumers in order to ensure efficient and effective servicing without any delays, which is likely to bolster the segmental growth.

In terms of aircraft type, the regional jets segment will witness a growth rate of 4.8% during the period of 2020-2026. This type of aircraft is ideal for connecting carrier hubs and airports. Furthermore, various aircraft manufacturers are focusing on R&D activities in order to develop lightweight materials and advanced technologies, which in turn is contributing towards popularity of regional jets across the globe. 

Elaborating on the geographical landscape, North America commercial aircraft MRO market is poised to acquire more than a quarter of the market share during the study period. There has been an upsurge in backlogs for demand and supply of aircrafts. Adding to this, increasing production of aircrafts and booming tourism industry are favoring the market outlook in North America.

The prominent companies operating in the commercial aircraft MRO market are ST Aerospace, United Technologies Corp., GE Aviation and AAR Corp. These market majors are conducting various business strategies such as mergers and acquisitions in order to expand their operations as well as to gain a competitive edge in the overall industry. In January 2019 for instance, Dassault Aviation joined forces with ExecuJet MRO operations in order to strengthen its position in Middle Eastern and Asia-Pacific regions.

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Some Point Form TOC:

Chapter 5.    Commercial Aircraft MRO Market, By Service Provider

5.1.    Global commercial aircraft MRO market, service provider insights

5.2.    OEM

5.2.1. Global market estimates and forecasts, 2016 – 2026

5.2.2. Market estimates and forecast, by region, 2016 – 2026

5.3.    Operator/Airline In-House

5.3.1. Global market estimates and forecasts, 2016 – 2026

5.3.2. Market estimates and forecast, by region, 2016 – 2026

5.4.    Airline Third Party

5.4.1. Global market estimates and forecasts, 2016 – 2026

5.4.2. Market estimates and forecast, by region, 2016 – 2026

5.5.    Independent

5.5.1. Global market estimates and forecasts, 2016 – 2026

5.5.2. Market estimates and forecast, by region, 2016 – 2026

Chapter 6.    Commercial Aircraft MRO Market, By Aircraft

6.1.    Global commercial aircraft MRO market, aircraft insights

6.2.    Narrowbody

6.2.1. Global market estimates and forecasts, 2016 – 2026

6.2.2. Market estimates and forecast, by region, 2016 – 2026

6.3.    Widebody

6.3.1. Global market estimates and forecasts, 2016 – 2026

6.3.2. Market estimates and forecast, by region, 2016 – 2026

6.4.    Regional Jet

6.4.1. Global market estimates and forecasts, 2016 – 2026

6.4.2. Market estimates and forecast, by region, 2016 – 2026

6.5.    Turboprop

6.5.1. Global market estimates and forecasts, 2016 – 2026

6.5.2. Market estimates and forecast, by region, 2016 – 2026

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