The Europe Aircraft maintenance tooling market is expected to grow from US$ 749.55 Mn in 2019 to US$ 1,020.07 Mn by 2027; it is estimated to grow at a CAGR of 4.0% from 2020 to 2027.
UK, Germany and France are major economies in Europe. Various airlines companies such as Air France, Eastern Airways, and Loganair among others in the Europe region have aircraft fleet with an average age of more than 14 years. Similarly, the armed forces are also using a fleet of aging rotorcraft and fixed-wing aircraft. The old and aging aircraft fleet generates higher demand for aircraft maintenance, repair, and overhaul which will propel the growth of the aircraft maintenance market during the forecast period. The use of advanced technologies like augmented and virtual reality to enable the decision-making process, and to minimize the execution time for maintenance tasks are anticipated to support the growth of the aircraft maintenance tooling market in Europe.
With the new technologies and innovations, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe Aircraft maintenance tooling market
.
Industry operators deliver support services to aircraft operators. These tools are used for aircraft inspection and testing aircraft between departure gates and taxiways; aircraft maintenance and repair; and aircraft and parts overhaul which is likely to boost the market in Europe. During the current period, enhancing economic conditions led to a pickup in air travel, and in turn, aircraft usage. The resulting increase in aircraft wear and tear and mandatory checkups have led to increased demand for aircraft maintenance tooling market. A prediction continuation of promising economic conditions, such as climbing wages and declining unemployment, are likely to lead to increased air travel.Europe Aircraft Maintenance Tooling Market Segmentation
Europe Aircraft Maintenance Tooling Market – By Tooling Type
- Speed Handles
- Wrenches
- Safety Wire Pliers
- Vibration Meters
- Metalworking Tools
- Others
Europe Aircraft Maintenance Tooling Market – By Users
- MRO Service Providers
- Airline Operators
Europe Aircraft Maintenance Tooling Market – By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tool Type, Users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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. Europe Aircraft Maintenance Tooling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Aircraft Maintenance Tooling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in the Production of Commercial Aircraft
5.1.2 Upswing in the demand for Predictive, Prescriptive, and Condition-Based Maintenance of Aircraft
5.2 Market Restraints
5.2.1 Rigid Aviation Compliance and Regulations
5.3 Market Opportunities
5.3.1 Incrementing Aircraft MRO Services in Emerging Economics
5.4 Future Trends
5.4.1 Growth in the Adoption of Blockchain, IoT, AI, and Big Data Analytics by Maintenance Providers
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Maintenance Tooling – Europe Market Analysis
6.1 Overview
6.2 Europe Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe Aircraft Maintenance Tooling Market Analysis – By Tool Type
7.1 Overview
7.2 Aircraft Maintenance Tooling Market, By Tool Type (2019 and 2027)
7.3 Speed Handle
7.3.1 Overview
7.3.2 Speed Handle: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Wrenches
7.4.1 Overview
7.4.2 Wrenches: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.5 Safety Wire Pliers
7.5.1 Overview
7.5.2 Safety Wire Pliers: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.6 Vibration Meter
7.6.1 Overview
7.6.2 Vibration Meter: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.7 Metalworking Tools
7.7.1 Overview
7.7.2 Metalworking Tools: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
8. Europe Aircraft Maintenance Tooling Market Analysis – By Users
8.1 Overview
8.2 Aircraft Maintenance Tooling Market, By Users (2019 and 2027)
8.3 MRO Service Providers
8.3.1 Overview
8.3.2 MRO Service Providers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Airline Operators
8.4.1 Overview
8.4.2 Airline Operators: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Aircraft Maintenance Tooling Market – Geographic Analysis
9.1 Overview
9.1.1 Europe: Aircraft Maintenance Tooling Market, By Country
9.1.1.1 UK: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 UK: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.1.2 UK: Aircraft Maintenance Tooling Market, By Users
9.1.1.2 Germany: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Germany: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.2.2 Germany: Aircraft Maintenance Tooling Market, By Users
9.1.1.3 France: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 France: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.3.2 France: Aircraft Maintenance Tooling Market, By Users
9.1.1.4 Italy: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Italy: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.4.2 Italy: Aircraft Maintenance Tooling Market, By Users
9.1.1.5 Russia: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.5.2 Russia: Aircraft Maintenance Tooling Market, By Users
9.1.1.6 Rest of Europe: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.6.2 Rest of Europe: Aircraft Maintenance Tooling Market, By Users
10. Europe Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis
10.1 Impact of COVID-19 Pandemic on Europe Aircraft Maintenance Tooling Market
10.1.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnership
12. Company Profiles
12.1 Frank Brown & Son Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Norbar Torque Tools Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Inspection Technologies Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 PROTO
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Red Box Aviation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HYDRO SYSTEMS KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Aircraft Maintenance Tooling Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. UK Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. UK Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 6. France Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. France Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia Aircraft Maintenance Tooling Market, By Users – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Aircraft Maintenance Tooling Market Segmentation
Figure 2. Europe Aircraft Maintenance Tooling Market Segmentation – By Country
Figure 3. Europe Aircraft Maintenance Tooling Market Overview
Figure 4. Europe Aircraft Maintenance Tooling Market, By Tool Type
Figure 5. Europe Aircraft Maintenance Tooling Market, By Users
Figure 6. Europe Aircraft Maintenance Tooling Market, by Country
Figure 7. Europe – PEST Analysis
Figure 8. Aircraft Maintenance Tooling Market: Ecosystem Analysis
Figure 9. Aircraft Maintenance Tooling Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Aircraft Maintenance Tooling Market Revenue Share, By Tool Type (2019 and 2027)
Figure 12. Speed Handle: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Wrenches: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Safety Wire Pliers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Vibration Meter: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Metalworking Tools: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Others: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Aircraft Maintenance Tooling Market Revenue Share, by Users (2019 and 2027)
Figure 19. MRO Service Providers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Airline Operators: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Europe: Aircraft Maintenance Tooling Market, by Key Country – Revenue (2019) (USD Million)
Figure 22. Europe: Aircraft Maintenance Tooling Market Revenue Share, By Country (2019 and 2027)
Figure 23. UK: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Germany: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. France: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Italy: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Russia: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of Europe: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets
- Frank Brown & Son Ltd.
- Norbar Torque Tools Ltd.
- Inspection Technologies Ltd.
- PROTO
- Red Box Aviation
- Hydro Systems AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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