Aircraft Engine MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Engine (Turbine Engine and Piston Engine]), Application (Commercial Aviation, General Aviation, and Military Aviation), and Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft)
Publication Month: May 2022 | Report Code: TIPRE00025489 | No. of Pages: 188 | Category: Aerospace and Defense | Status: Published
The aircraft engine MRO market size was valued at US$ 32.04 Billion by 2028 from US$ 22.15 Billion in 2021; it is expected to grow at a CAGR of 5.7% during 2022-2028.
Aircraft engine MRO involves the service, repair, and inspection of engines to ensure that the aircraft is safe and airworthy as per international standards. Aircraft engine MRO services are offered for civil and military aircraft. The aircraft engine MRO market is developing at a fast rate due to rising MRO outsourcing activities and rapidly growing aircraft fleet expansion. Moreover, the advancement of next-generation aircraft engines is contributing to the growth of the aircraft engine MRO market. The utilization of the new ultra-high bypass ratio turbofan engines in aircraft also provoked the need to upgrade and work on the engine's frameworks and equipment.
Aircraft engine MRO providers are offering several services, such as routine engine maintenance. Some aircraft engine providers focus on manufacturing one or two engines, whereas others have large engine portfolios for multiple uses. All the aircraft engines require routine maintenance and daily check before aircraft fly. In transition, the aircraft fleet redefines the aircraft engine MRO market because of many permanent retirements of older aircraft.
The aircraft engine MRO market players are implementing strategies to increase their market share. For instance, in May 2021, COOPESA, a Costa Rica-based MRO provider, partnered with Boeing to provide MRO service to Boeing's two new conversion lines for 737-800 converted freighters.
Strategic Insights
Impact of COVID-19 Pandemic on Aircraft Engine MRO Market Growth
The COVID-19 outbreak adversely affected the world and disrupted several countries' economic conditions. Before the outbreak, the aerospace industry was experiencing substantial growth in terms of production.
Furthermore, the reduction in commercial aircraft and general aviation deliveries due to the industry crisis caused by the COVID-19 pandemic declined the demand for aircraft engine MRO. Hence, there was no requirement for MRO, which negatively impacted the aircraft engine MRO market in 2020. About 22,950 fleets were in service at the beginning of 2020. More than 17,000 airliners were idled due to the COVID-19 pandemic in 2020. However, the number of single-engine piston aircraft witnessed an increase in the number of its deliveries during 2020.
The aircraft engine MRO market has been witnessing recovery since 2021. After being grounded for months, the aircraft required MRO before flying, which bolstered the growth of the market. Airbus delivered over 611 aircraft in 2021; most of them were A320neo and A321neo. Despite massive backlogs from aircraft manufacturers, the global aviation industry witnessed a significant rise in passenger count and aircraft procurement in 2021.
Lucrative Regions: Aircraft Engine MRO Market Share
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Market Insight – Aircraft Engine MRO Market
Resuming of Grounded Aircraft After 2020 is Driving the Aircraft Engine MRO Market
Resuming of Grounded Aircraft After 2020 is Driving the Aircraft Engine MRO Market
More than 17,000 aircraft were grounded worldwide in 2020. During the COVID-19 recovery period, the aviation industry is witnessing a gradual recovery, which is increasing aircraft movements worldwide and thus driving the growth of the aircraft engine MRO market. Aircraft manufacturers and military forces are implementing strategies to increase fleet expansion is contributing to the growth of the aircraft engine MRO market.
Several airline companies implemented various strategies to increase their aircraft engine MRO market share, such as mergers & acquisitions and lining up new flights. For instance, in 2020, Textron Aviation acquired Australian MRO service provider Premiair Aviation Maintenance. In March 2022, Malaysian and Turkish airlines announced that they are resuming their passenger flights in India after two years; Emirates is also restoring its pre-pandemic schedule of 172 flights per week. Thus, the increasing number of flights is significantly driving the aircraft engine MRO market growth.
Engine-based Insights
Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. According to the market research study, the turbine engine segment dominated the global aircraft MRO market in 2021 due to a higher preference for turbine engines for the most popular aircraft fleet worldwide, as most piston engines are used by small-sized general aviation aircraft. Also, the turbine engine segment is expected to grow faster than the piston engine segment. In June 2021, Duncan Aviation, and MRO service provider, provided MRO for Honeywell’s TFE731 aircraft engines.
Players operating in the market are mainly focused on the development of advanced and efficient products.
- In January 2022, Delta TechOps MRO Achieved Engine Test Certification for PW1500G Engines. On its new engine test cell, the largest MRO test cell globally, Delta TechOps received Engine Test Certification for the PW1500G engine in Atlanta.
- In 2021, Standard Aero and Mint Turbines were chosen by GE Aviation as their recommended MRO and limited scope service providers for the restricted category and public use T700 engine operators in the US, respectively.
The aircraft engine MRO market analysis is based on engine, application, and aircraft type. Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. In 2020, the turbine engine segment led the aircraft engine MRO market with a larger share. Based on application, the market is segmented into commercial aviation, general aviation, and military aviation. In 2020, the commercial segment accounted for the largest share in the global aircraft engine MRO market. Based on aircraft type, the market is segmented into fixed wing aircraft and rotary wing aircraft.
The fixed wing aircraft dominated the aircraft engine MRO market in 2020 with a larger share. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share of the aircraft engine MRO market.
The key aircraft engine MRO market players profiled in the study are Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC
Frequently Asked Questions
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Resuming of Grounded Aircraft Post–Pandemic is driving the Aircraft Engine MRO Market
5.1.2 Stringent Government Regulations Related to Carbon Emissions
5.2 Market Restraints
5.2.1 Suspension of older aircraft fleets is restraining the market growth
5.3 Market Opportunities
5.3.1 Expected Future Delivery of Aircraft will bring lucrative opportunity for Aircraft Engine MRO Market
5.4 Future Trends
5.4.1 The increasing demand for fuel–efficient aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine MRO Market – Global Market Analysis
6.1 Aircraft Engine MRO Market Overview
6.2 Aircraft Engine MRO Market Forecast and Analysis
6.3 Market Positioning – Global Key Players
7. Aircraft Engine MRO Market Analysis – By Engine
7.1 Overview
7.2 Aircraft Engine MRO Market, By Engine (2021 And 2028)
7.3 Turbine Engine
7.3.1 Overview
7.3.2 Turbine Engine : Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.3 Turboprop Engine
7.3.3.1 Overview
7.3.3.2 Turboprop Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.4 Turbofan Engine
7.3.4.1 Overview
7.3.4.2 Turbofan Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.3.5 Turboshaft Engine
7.3.5.1 Overview
7.3.5.2 Turboshaft Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
7.4 Piston Engine
7.4.1 Overview
7.5 Piston Engine: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8. Global Aircraft Engine MRO Market Analysis – By Application
8.1 Overview
8.2 Aircraft Engine MRO Market, By Application (2021 And 2028)
8.3 Commercial
8.3.1 Overview
8.4 Commercial: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8.5 General
8.5.1 Overview
8.5.2 General: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
8.6 Military
8.6.1 Overview
8.6.2 Military: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
9. Global Aircraft Engine MRO Market Analysis – By Aircraft Type
9.1 Overview
9.2 Aircraft Engine MRO Market, By Aircraft Type (2021 And 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: Aircraft Engine MRO Market Revenue and Forecast To 2028 (US$ Billion)
10. Aircraft Engine MRO Market – Geographic Analysis
10.1 Overview
10.2 North America: Aircraft Engine MRO Market
10.2.1 North America: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.2 North America: Aircraft Engine MRO Market, by Engine
10.2.3 North America: Aircraft Engine MRO Market, by Turbine Engine
10.2.4 North America: Aircraft Engine MRO Market, by Application
10.2.5 North America: Aircraft Engine MRO Market, by Aircraft Type
10.2.6 North America: Aircraft Engine MRO Market, by Key Country
10.2.6.1 US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.1.1 US: Aircraft Engine MRO Market, by Engine
10.2.6.1.2 US: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.1.3 US: Aircraft Engine MRO Market, by Application
10.2.6.1.4 US: Aircraft Engine MRO Market, by Aircraft Type
10.2.6.2 Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.2.1 Canada: Aircraft Engine MRO Market, by Engine
10.2.6.2.2 Canada: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.2.3 Canada: Aircraft Engine MRO Market, by Application
10.2.6.2.4 Canada: Aircraft Engine MRO Market, by Aircraft Type
10.2.6.3 Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.6.3.1 Mexico: Aircraft Engine MRO Market, by Engine
10.2.6.3.2 Mexico: Aircraft Engine MRO Market, by Turbine Engine
10.2.6.3.3 Mexico: Aircraft Engine MRO Market, by Application
10.2.6.3.4 Mexico: Aircraft Engine MRO Market, by Aircraft Type
10.3 Europe: Aircraft Engine MRO Market
10.3.1 Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.2 Europe: Aircraft Engine MRO Market, by Engine
10.3.3 Europe: Aircraft Engine MRO Market, by Turbine Engine
10.3.4 Europe: Aircraft Engine MRO Market, by Application
10.3.5 Europe: Aircraft Engine MRO Market, by Aircraft Type
10.3.6 Europe: Aircraft Engine MRO Market, by Key Country
10.3.6.1 France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.1.1 France: Aircraft Engine MRO Market, by Engine
10.3.6.1.2 France: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.1.3 France: Aircraft Engine MRO Market, by Application
10.3.6.1.4 France: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.2 Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.2.1 Germany: Aircraft Engine MRO Market, by Engine
10.3.6.2.2 Germany: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.2.3 Germany: Aircraft Engine MRO Market, by Application
10.3.6.2.4 Germany: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.3 Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.3.1 Italy: Aircraft Engine MRO Market, by Engine
10.3.6.3.2 Italy: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.3.3 Italy: Aircraft Engine MRO Market, by Application
10.3.6.3.4 Italy: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.4 UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.4.1 UK: Aircraft Engine MRO Market, by Engine
10.3.6.4.2 UK: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.4.3 UK: Aircraft Engine MRO Market, by Application
10.3.6.4.4 UK: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.5 Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.5.1 Russia: Aircraft Engine MRO Market, by Engine
10.3.6.5.2 Russia: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.5.3 Russia: Aircraft Engine MRO Market, by Application
10.3.6.5.4 Russia: Aircraft Engine MRO Market, by Aircraft Type
10.3.6.6 Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.6.6.1 Rest of Europe: Aircraft Engine MRO Market, by Engine
10.3.6.6.2 Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine
10.3.6.6.3 Rest of Europe: Aircraft Engine MRO Market, by Application
10.3.6.6.4 Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type
10.4 APAC: Aircraft Engine MRO Market
10.4.1 APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.2 APAC: Aircraft Engine MRO Market, by Engine
10.4.3 APAC: Aircraft Engine MRO Market, by Turbine Engine
10.4.4 APAC: Aircraft Engine MRO Market, by Application
10.4.5 APAC: Aircraft Engine MRO Market, by Aircraft Type
10.4.6 APAC: Aircraft Engine MRO Market, by Key Country
10.4.6.1 Australia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.1.1 Australia: Aircraft Engine MRO Market, by Engine
10.4.6.1.2 Australia: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.1.3 Australia: Aircraft Engine MRO Market, by Application
10.4.6.1.4 Australia: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.2 China: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.2.1 China: Aircraft Engine MRO Market, by Engine
10.4.6.2.2 China: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.2.3 China: Aircraft Engine MRO Market, by Application
10.4.6.2.4 China: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.3 India: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.3.1 India: Aircraft Engine MRO Market, by Engine
10.4.6.3.2 India: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.3.3 India: Aircraft Engine MRO Market, by Application
10.4.6.3.4 India: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.4 Japan: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.4.1 Japan: Aircraft Engine MRO Market, by Engine
10.4.6.4.2 Japan: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.4.3 Japan: Aircraft Engine MRO Market, by Application
10.4.6.4.4 Japan: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.5 South Korea: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.5.1 South Korea: Aircraft Engine MRO Market, by Engine
10.4.6.5.2 South Korea: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.5.3 South Korea: Aircraft Engine MRO Market, by Application
10.4.6.5.4 South Korea: Aircraft Engine MRO Market, by Aircraft Type
10.4.6.6 Rest of APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.6.6.1 Rest of APAC: Aircraft Engine MRO Market, by Engine
10.4.6.6.2 Rest of APAC: Aircraft Engine MRO Market, by Turbine Engine
10.4.6.6.3 Rest of APAC: Aircraft Engine MRO Market, by Application
10.4.6.6.4 Rest of APAC: Aircraft Engine MRO Market, by Aircraft Type
10.5 MEA: Aircraft Engine MRO Market
10.5.1 MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.2 MEA: Aircraft Engine MRO Market, By Engine
10.5.3 MEA: Aircraft Engine MRO Market, By Turbine Engine
10.5.4 MEA: Aircraft Engine MRO Market, By Application
10.5.5 MEA: Aircraft Engine MRO Market, By Aircraft Type
10.5.6 MEA: Aircraft Engine MRO Market, by Key Country
10.5.6.1 South Africa: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.1.1 South Africa: Aircraft Engine MRO Market, By Engine
10.5.6.1.2 South Africa: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.1.3 South Africa: Aircraft Engine MRO Market, By Application
10.5.6.1.4 South Africa: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.2 Saudi Arabia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.2.1 Saudi Arabia: Aircraft Engine MRO Market, By Engine
10.5.6.2.2 Saudi Arabia: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.2.3 Saudi Arabia: Aircraft Engine MRO Market, By Application
10.5.6.2.4 Saudi Arabia: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.3 UAE: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.3.1 UAE: Aircraft Engine MRO Market, By Engine
10.5.6.3.2 UAE: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.3.3 UAE: Aircraft Engine MRO Market, By Application
10.5.6.3.4 UAE: Aircraft Engine MRO Market, By Aircraft Type
10.5.6.4 Rest of MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.6.4.1 Rest of MEA: Aircraft Engine MRO Market, By Engine
10.5.6.4.2 Rest of MEA: Aircraft Engine MRO Market, By Turbine Engine
10.5.6.4.3 Rest of MEA: Aircraft Engine MRO Market, By Application
10.5.6.4.4 Rest of MEA: Aircraft Engine MRO Market, By Aircraft Type
10.6 SAM: Aircraft Engine MRO Market
10.6.1 SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.2 SAM: Aircraft Engine MRO Market, By Engine
10.6.3 SAM: Aircraft Engine MRO Market, By Turbine Engine
10.6.4 SAM: Aircraft Engine MRO Market, By Application
10.6.5 SAM: Aircraft Engine MRO Market, By Aircraft Type
10.6.6 SAM: Aircraft Engine MRO Market, by Key Country
10.6.6.1 Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.6.1.1 Brazil: Aircraft Engine MRO Market, By Engine
10.6.6.1.2 Brazil: Aircraft Engine MRO Market, By Turbine Engine
10.6.6.1.3 Brazil: Aircraft Engine MRO Market, By Application
10.6.6.1.4 Brazil: Aircraft Engine MRO Market, By Aircraft Type
10.6.6.2 Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.6.2.1 Rest of SAM: Aircraft Engine MRO Market, By Engine
10.6.6.2.2 Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine
10.6.6.2.3 Rest of SAM: Aircraft Engine MRO Market, By Application
10.6.6.2.4 Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type
11. Aircraft Engine MRO Market- COVID-19 Impact Analysis
11.1 Overview
8.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.1 Europe: Impact Assessment of COVID-19 Pandemic
11.1.2 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.3 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.4 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Delta Air Line
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 GE Aviation
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 CFM International
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 Lufthansa Technik
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 MTU Aero Engines AG
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 Safran
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 SIA Engineering Company
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 Sigma Aerospace
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 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 Raytheon Technologies Corporation
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 Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 4. North America: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 5. North America: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 8. US: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 9. US: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Canada: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Canada: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 15. Mexico: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 16. Mexico: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 17. Mexico: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 18. Europe: Aircraft Engine MRO Market, by Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 19. Europe: Aircraft Engine MRO Market, by Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 20. Europe: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 21. Europe: Aircraft Engine MRO Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Billion)
Table 22. France: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 23. France: Aircraft Engine MRO Market, by Turbine Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 24. France: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 25. France: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 26. Germany: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 27. Germany: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 28. Germany: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 29. Germany: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 30. Italy: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 31. Italy: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 32. Italy: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 33. Italy: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 34. UK: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 35. UK: Aircraft Turbine Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 36. UK: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 37. UK: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 38. Russia: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 39. Russia: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 40. Russia: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 41. Russia: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 42. Rest of Europe: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 43. Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 44. Rest of Europe: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 45. Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 46. APAC: Aircraft Engine MRO Market, by Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 47. APAC: Aircraft Engine MRO Market, by Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 48. APAC: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 49. APAC: Aircraft Engine MRO Market, by Aircraft Type– Revenue and Forecast to 2028 (US$ Billion)
Table 50. Australia: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 51. Australia: Aircraft Engine MRO Market, by Turbine Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 52. Australia: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 53. Australia: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 54. China: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 55. China: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 56. China: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 57. China: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 58. India: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 59. India: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 60. India: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 61. India: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 62. Japan: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 63. Japan: Aircraft Turbine Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 64. Japan: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 65. Japan: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 66. South Korea: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 67. South Korea: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 68. South Korea: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 69. South Korea: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 70. Rest of APAC: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 71. Rest of APAC: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 72. Rest of APAC: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 73. Rest of APAC: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 74. MEA: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 75. MEA: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 76. MEA: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 77. MEA: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 78. MEA: Aircraft Engine MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 79. South Africa: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 80. South Africa: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 81. South Africa: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 82. South Africa: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 83. Saudi Arabia: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 84. Saudi Arabia: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 85. Saudi Arabia: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 86. Saudi Arabia: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 87. UAE: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 88. UAE: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 89. UAE: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 90. UAE: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 91. Rest of MEA: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 92. Rest of MEA: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 93. Rest of MEA: Aircraft Engine MRO Market, By Application– Revenue and Forecast to 2028 (US$ Billion)
Table 94. Rest of MEA: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 95. SAM: Aircraft Engine MRO Market, By Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 96. SAM: Aircraft Engine MRO Market, By Turbine Engine– Revenue and Forecast to 2028 (US$ Billion)
Table 97. SAM: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 98. SAM: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 99. SAM: Aircraft Engine MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 100. Brazil: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 101. Brazil: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 102. Brazil: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 103. Brazil: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 104. Rest of SAM: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 105. Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 106. Rest of SAM: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 107. Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 108. List of Abbreviation
LIST OF FIGURES
Figure 1. Aircraft Engine MRO Market Segmentation
Figure 2. Aircraft Engine MRO Market Segmentation – By Geography
Figure 3. Global Aircraft Engine MRO Market Overview
Figure 4. Turbine Engine Segment held the Largest Share of Aircraft Engine MRO Market
Figure 5. Turbofan Segment held the Largest Share of Aircraft Engine MRO Market
Figure 6. Commercial Segment held the Largest Share of Aircraft Engine MRO Market
Figure 7. Fixed Wing Segment held the Largest Share of Aircraft Engine MRO Market
Figure 8. North America to Show Great Traction During Forecast Period
Figure 9. Aircraft Engine MRO Market– Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Aircraft Engine MRO Market: Impact Analysis of Drivers and Restraints
Figure 13. Aircraft Engine MRO Market – Geographic Analysis
Figure 14. Aircraft Engine MRO Market Forecast and Analysis (US$ Billion)
Figure 15. Aircraft Engine MRO Market, By Engine (2021 And 2028)
Figure 16. Turbine Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Turboprop Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Turbofan Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Turboshaft Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Piston Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Aircraft Engine MRO Market, By Application (2021 And 2028)
Figure 22. Commercial: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. General : Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Military: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Aircraft Engine MRO Market, By Aircraft Type (2021 And 2028)
Figure 26. Fixed Wing: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Rotary Wing: Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Global Aircraft Engine MRO Market Revenue Share, by Region (2021 And 2028)
Figure 29. North America: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. North America: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 31. North America: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 32. North America: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 33. North America: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 34. North America: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 35. US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 36. Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 37. Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 38. Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 39. Europe: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 40. Europe: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 41. Europe: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 42. Europe: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 43. Europe: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 44. France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 45. Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 46. Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 47. UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 48. Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 49. Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 50. APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 51. APAC: Aircraft Engine MRO Market Revenue Share, by Engine (2021 And 2028)
Figure 52. APAC: Aircraft Engine MRO Market Revenue Share, by Turbine Engine (2021 And 2028)
Figure 53. APAC: Aircraft Engine MRO Market Revenue Share, by Application (2021 And 2028)
Figure 54. APAC: Aircraft Engine MRO Market Revenue Share, by Aircraft Type (2021 And 2028)
Figure 55. APAC: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 And 2028)
Figure 56. Australia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 57. China: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 58. India: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 59. Japan: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 60. South Korea: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 61. Rest of APAC: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 62. MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 63. MEA: Aircraft Engine MRO Market Revenue Share, By Engine (2020 & 2028)
Figure 64. MEA: Aircraft Engine MRO Market Revenue Share, By Turbine Engine (2020 & 2028)
Figure 65. MEA: Aircraft Engine MRO Market Revenue Share, By Application (2020 & 2028)
Figure 66. MEA: Aircraft Engine MRO Market Revenue Share, By Aircraft Type (2020 & 2028)
Figure 67. MEA: Aircraft Engine MRO Market Revenue Share, by Key Country (2020 & 2028)
Figure 68. South Africa: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 69. Saudi Arabia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 70. UAE: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 71. Rest of MEA: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 72. SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 73. SAM: Aircraft Engine MRO Market Revenue Share, By Engine (2020 & 2028)
Figure 74. SAM: Aircraft Engine MRO Market Revenue Share, By Turbine Engine (2020 & 2028)
Figure 75. SAM: Aircraft Engine MRO Market Revenue Share, By Application (2021 & 2028)
Figure 76. SAM: Aircraft Engine MRO Market Revenue Share, By Aircraft Type (2021 & 2028)
Figure 77. SAM: Aircraft Engine MRO Market Revenue Share, by Key Country (2020 & 2028)
Figure 78. Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 79. Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 80. Impact of COVID-19 Pandemic in North America Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 84. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Aircraft Engine MRO Market
- Delta Airlines, Inc.
- GE Aviation
- CFM International
- Lufthansa Technik
- MTU Aero Engines AG
- SIA Engineering Company
- Sigma Aerospace
- Safran S.A.
- Raytheon Technologies Corporation
- Rolls–Royce PLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft engine MRO market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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