Commercial Aircraft Maintenance Tooling Market Size, Share By 2028

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Aerospace and Defense Commercial Aircraft Maintenance Tooling Market
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Commercial Aircraft Maintenance Tooling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Tool Type (Speed Handle, Wrenches, Safety Wire Pliers, Vibration Meters, Metal Working Tools, NDT Tools, and Others), Users (MRO Service Providers and Airline Operator), and Application (Engine, Airframe, Landing Gear, Line Maintenance, and Other)

Publication Month: Nov 2021 | Report Code: TIPRE00025465 | No. of Pages: 180 | Category: Aerospace and Defense | Status: Published

The commercial aircraft maintenance tooling market was valued at US$ 1,456.40 million in 2021 and is projected to reach US$ 2,020.46 million by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.

Surge in number of aircraft MRO hangars and rising demand for vibration meters are driving the commercial aircraft maintenance tooling market growth. A surge in the procurement of various commercial aircraft fleets has led to a substantial rise in the number of aircraft MRO shops or hangars worldwide. The construction of new aircraft MRO hangars and MRO bays is directly proportional to the demand for various maintenance tools, which is one of the critical catalyzers of the commercial aircraft maintenance tooling market. In addition, the continuous investments by companies in the commercial aircraft MRO industry in the expansion of their existing MRO hangars with new bays fuel the commercial aircraft maintenance tooling market growth. In 2019, Delta TechOps, the engineering department of Delta Airlines, opened a new jet engine MRO and test facility in Atlanta, US. Delta TechOps has a long-term contract with Rolls-Royce and Pratt & Whitney to maintain various types of engines produced by these two engine manufacturers.

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Moreover, the commercial aviation industry had been witnessing a significant growth rate prior to the outbreak of COVID-19. However, the concerns related to vibrations on aircraft engines and airframes are among the most critical aspects for MRO service providers and airline operators with in-house MRO facility looks upon. This is due to the fact that more than any other industry, each component in the aviation industry is mission-critical as a single defect has the potential of causing costly or catastrophic consequences. Therefore, engine and airframe vibration analysis are of utmost importance for the aircraft operators and MRO service providers, which is propelling the demand for vibration meters in the MRO industry stakeholders, bolstering the commercial aircraft maintenance tooling market.

Impact of COVID-19 Pandemic on Commercial Aircraft Maintenance Tooling Market

The COVID-19 pandemic adversely affected most of the businesses across the world. The emergence of COVID-19 outbreak has negatively impacted the entire commercial aviation industry. The restrictions on aircraft operations during Q2 and Q3 of 2020 disrupted the businesses of independent MRO service providers and airline operators with MRO facilities. The civil aviation industry across the region experienced dramatic changes in the first half of 2020. According to Bureau of Transportation Statistics (BTS), US, the domestic air travel across the US experienced a 97% decrease in passenger revenue from February to April 2020. The Canadian and Mexican aviation industry also experienced similar trends. This impacted the civil aviation manufacturers leading to decline in demand for commercial aircrafts from the region. The supply chain of several maintenance-related tools and machineries was also restricted as a result of significantly lower volume of aircraft movement. Therefore, the COVID-19 pandemic negatively impacted the commercial aircraft maintenance tooling market heavily. Further, after restarting the airline businesses, most airlines are operating with a minimum number of aircraft fleets. In addition, a substantial volume of aircraft fleet was sent to long-term storage as the demand declined post-re-opening of the airline business. This also hampered the businesses of MRO facilities.

Lucrative Regions in Commercial Aircraft Maintenance Tooling Market


Lucrative Regions in Commercial Aircraft Maintenance Tooling Market

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Market Insights – Commercial Aircraft Maintenance Tooling Market

Surge in Number of Aircraft MRO Hangars

A surge in the procurement of commercial aircraft fleets has led to a substantial rise in the number of aircraft MRO shops or hangars worldwide. According to the company's statement, the new hangar is capable of servicing two narrow-body aircraft as well as engine MRO. Likewise, in 2020, Guangzhou Aircraft Maintenance Engineering Co. Ltd (GAMECO) launched and started operations in Asia's largest MRO hangar at Beijing Daxing Airport, China. The hangar can handle/service 2 Airbus A380s, 3 Boeing 777s, and 3 Airbus 320s or up to 12 A320 series narrow-body aircraft fleet simultaneously. The modern aircraft maintenance and repair work demands various advanced tools. Thus, with the continuous rise in construction of new commercial aircraft hangars, the demand for new commercial aircraft maintenance tools is on the rise, which is boosting the commercial aircraft maintenance tooling market growth.

Tools Type-Based Insights

Based on tools type, the commercial aircraft maintenance tooling market is segmented into speed handle, wrenches, safety wire pliers, vibration meter, metalworking tools, NDT tools, and others. The speed handle segment held the largest market share in 2021.

User-Based Insights

Based on user, the commercial aircraft maintenance tooling market is bifurcated into MRO service providers and airline operator. The MRO service providers segment held a larger market share in 2021.

Application-Based Insights

Based on application, the commercial aircraft maintenance tooling market is segmented into engine, airframe, landing gear, line maintenance, and other. The airframe segment held the largest market share in 2021.

Players operating in the commercial aircraft maintenance tooling market are mainly focused on the development of advanced and efficient products.

  • In March 2021, Field International Group announced the expansion of their business in India as a Field International Pvt Ltd. and will develop into a manufacturing facility, serving the local India and International markets by providing aircraft tooling and manufacturing solutions.
  • In April 2020, Stanley Black & Decker Inc. agreed to acquire Consolidated Aerospace Manufacturing LLC, or CAM, from private equity firm Tinicum Inc. for up to $1.5 billion, to expand in the aerospace and defense sector.

The commercial aircraft maintenance tooling market has been segmented as follows:

Commercial Aircraft Maintenance Tooling Market – by Tool Type

  • Speed Handle
  • Wrenches
  • Safety Wire Pliers
  • Vibration Meter
  • Metalworking Tools
  • NDT Tools
  • Others

Commercial Aircraft Maintenance Tooling Market – by User  

  • MRO Service Providers
  • Airline Operators

Commercial Aircraft Maintenance Tooling Market – by Application    

  • Engine
  • Airframe
  • Landing Gear
  • Line Maintenance
  • Others

Commercial Aircraft Maintenance Tooling Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East and Africa
    • South Africa
    • South Arabia
    • UAE
    • Rest of MEA
  • South America
    • Brazil
    • Rest of SAM

Commercial Aircraft Maintenance Tooling Market – Company Profiles

  • Hydro Systems KG
  • Red Box Tools
  • Stanley Black & Decker
  • Shanghai kaviation Technology Co. Ltd.
  • STAHLWILLE Eduard Wille GmbH & Co. KG
  • Field International Group Limited
  • Henchman Products
  • Dedienne Aerospace
  • FRANKE-Aerotech GmbH
  • German Gulf Aviation Services
  • Tronair
  • Snap-On Tools

Frequently Asked Questions

What are reasons behind commercial aircraft maintenance tooling market growth?
Commercial Aircraft Maintenance Tooling play a crucial role in maintaining the required temperature of any space, machinery or equipment. Commercial aircraft maintenance tooling is used for MRO operations across commercial aviation components & aircraft parts. Different commercial aircraft components require specific types of tooling that is propelling the demand for commercial aircraft tooling market. Popularity of commercial aircraft maintenance tooling is increasing worldwide owing to various factors such as surge in number of aircraft MRO hangars and rise in demand for vibration meters. A surge in the procurement of various commercial aircraft fleets has led to a substantial rise in the number of aircraft MRO shops or hangars worldwide. The construction of new aircraft MRO hangars and MRO bays is directly proportional to the demand for various maintenance tools, which is one of the critical catalyzers of the commercial aircraft maintenance tooling market. In addition, the continuous investments by companies in the commercial aircraft MRO industry in the expansion of their existing MRO hangars with new bays fuel the commercial aircraft maintenance tooling market growth.
What are market opportunities for commercial aircraft maintenance tooling market?
Future expected deliveries of new aircraft fleet is expected to generate huge opportunities for market vendors during the forecast period. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is foreseen to surge in the coming years owing to the mounting number of air travel passengers and aircraft procurement.
Which tool type is expected to dominate the commercial aircraft maintenance tooling market in the forecast period?
In aviation sector, speed handle was estimated to be most dominating tool type during the study period. Speed handles are one of the most suitable and most demanded tools in the commercial aircraft maintenance tooling industry. It is basically a long screwdriver with an offset shaft in the middle to reach longer distances (unlike small screw drivers) without moving from one place to another for shorter distances (*depends on the size of speed handle). This allows the technician to spin at a rapid pace with one hand while the other hand can be used for other repairing or maintenance operations. This is highly recommended while the MRO operations of an aircraft engine that comprises of thousands of screws. This tool often allows the user to equip speed handles with sockets to tighten or loosen a nut or bolt.
Which user is expected to dominate the commercial aircraft maintenance tooling market during the forecast period?
MRO service providers segment is the largest segment during the study period owing to huge penetration of maintenance tools across the aviation MRO vendors compared to airline operators. Some of the leading commercial aircraft MRO companies across the world are Hong Kong Aircraft Engineering, Safran, Collins Aerospace, GE, ST Aerospace, AAR, SIA Engineering, SR Technics, and MRO Holdings, FL Technics, Ameco Beijing, and Evergreen Aviation Technologies, among others. Major airline operators collaborate with the MRO vendors in order to ensure the periodic maintenance of their respective commercial aircraft fleet.
Which region is expected to dominate the commercial aircraft maintenance tooling market in the forecast period?
North America commercial aircraft maintenance tooling market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The commercial aviation industry is heavily governed by China, India, and Southeast Asian countries. The countries mentioned earlier comprise numerous airlines, including FSCs and LCCs, MRO facilities (independent and in-house), and maintenance tooling suppliers. The presence of substantial stakeholders helps the commercial aircraft maintenance tooling market to propel over the years. The Southeast Asian countries are becoming a hub for commercial aircraft maintenance activities. A number of international MRO service providers as well as engine manufacturers (MRO divisions) are expanding their business to countries such as Singapore, Malaysia, and Thailand, among others. The availability of skilled labor is one of the key attractions of the international players.
What trends are expected to drive the demand for various commercial aircraft maintenance tooling market?
The growing aircraft engine fleet worldwide is one of the trends propelling the adoption of maintenance tooling for engine MRO operations globally. Both line maintenance and engine maintenance are of utmost importance for any aircraft operator. The engine maintenance needs are growing steadily as modern engines are equipped with advanced technologies, while the maintenance cycles are defined by the engine manufacturers. An engine is the highest revenue generation stream for aircraft MRO service providers due to a continuous rise in the production and installation of engines as well as maintenance requirements of the existing engines.

The List of Companies - Commercial Aircraft Maintenance Tooling Market

  1. Hydro Systems KG
  2. Red Box Tools
  3. Stanley Black & Decker
  4. Shanghai Kaviation Technology Co. Ltd.
  5. STAHLWILLE Eduard Wille GmbH & Co. KG
  6. Field International Group Limited
  7. Henchman Products
  8. Dedienne Aerospace
  9. FRANKE-Aerotech GmbH
  10. German Gulf Aviation Services
  11. Tronair
  12. Snap-On Tools
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