Europe Aircraft Maintenance Tooling Market is expected to reach US$ 1,020.07 Mn by 2027

Speed Handle Segment to Dominate Europe Aircraft Maintenance Tooling Market during 2019–2027

According to The Insight Partners market research study on “Europe Aircraft Maintenance Tooling Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Toot Type, Users and Country,” is expected to reach US$ 1,020.07 Mn by 2027 from US$ 749.55 Mn in 2019. The market is estimated to grow at a CAGR of 4.0% from 2020 to 2027. The report provides trends prevailing in the Europe aircraft maintenance tooling market along with the drivers and restraints pertaining to the market growth. Upsurge in the production rate of commercial aircraft and upswing in the demand for predictive, prescriptive, and condition-based maintenance of aircraft are the major factors driving the growth of the Europe aircraft maintenance tooling market. However, the rigid aviation compliance and regulations may hinder the growth of Europe Aircraft maintenance tooling market.

The market for Europe aircraft maintenance tooling is segmented into tool type, users and country. Based on tool type, the market is segmented into speed handles, wrenches, safety wire pliers, vibration meters, metalworking tools, and others. The safety wire pliers segment is expected to be the fastest growing segment over the forecast period. Based on users, the Europe aircraft maintenance tooling market is divided into MRO service providers and airline operators. In 2019, the MRO service providers segment held the largest share in Europe Aircraft maintenance tooling market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe aircraft maintenance tooling market has been facing difficulties and several countries have suffered heavily. Russia, France, UK, Italy, Spain and Germany are some of the countries that have incurred a huge loss. The manufacturing sectors in the countries mentioned above have been experiencing low production and a weak supply chain.

Frank Brown & Son Ltd., Norbar Torque Tools Ltd., Inspection Technologies Ltd., PROTO, Red Box Aviation and Hydro Systems KG are among the leading companies in the Europe aircraft maintenance tooling market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe Aircraft Maintenance Tooling market as follows:

• Speed Handles
• Wrenches
• Safety Wire Pliers
• Vibration Meters
• Metalworking Tools
• Others

• MRO Service Providers
• Airline Operators

• UK
• Germany
• France
• Italy
• Russia
• Rest of Europe