What is Wide Body Aircraft MRO?
Over the past few decades, air traveling in emerging countries is growing demand for aircraft MRO Services in the market. Widebody Aircraft MRO (Maintenance, Repair, and Operations) is an equipment used in an integrated supply chain management model of machinery, tools to complete a wide variety of maintenance tasks. Moreover, it is an important requirement to ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely transport passengers and cargo. In Additon rise popularity of Wide body aircraft MRO IT-enabled MRO, and outsourcing, which is projected to drive the market during the forecast period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Pratt & Whitney (United States), Rolls-Royce (United Kingdom), Abu Dhabi Aircraft Technologies (UAE), MTU Aero Engines (Germany), Singapore Technologies Aerospace (Singapore), Airbus SAS (Netherlands), Honeywell Aerospace Inc. (United States), Air France Industries KLM Engineering and Maintenance (France), GE Aviation (United States) and Honeywell Aerospace (United States) |
CAGR | 4.9% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Airframe And Modification, Component Engine, Line Maintenance and Others) , by application (Military, Aerospace, Defense and Commercial) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Wide Body Aircraft MRO market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Wide Body Aircraft MRO market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Pratt & Whitney (United States), Rolls-Royce (United Kingdom), Abu Dhabi Aircraft Technologies (UAE), MTU Aero Engines (Germany), Singapore Technologies Aerospace (Singapore), Airbus SAS (Netherlands), Honeywell Aerospace Inc. (United States), Air France Industries KLM Engineering and Maintenance (France), GE Aviation (United States) and Honeywell Aerospace (United States).
Market Overview:
In October 2021 - Rolls-Royce and HAECO Group have announced that HAECO will become Rolls-Royce’s principal provider of global on-wing and in-field services for large civilian engines. This will enable Rolls-Royce to further enhance their customer experience by providing airlines with greater capacity and capability through HAECO’s global network, the companies said.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Restraints
- High Cost of Maintenance and Air Crafts Components
Opportunities
Emerging Demand in Developing Countries, India, China, Japan
Key highlights of the Global Wide Body Aircraft MRO market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Wide Body Aircraft MRO market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Wide Body Aircraft MRO market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Wide Body Aircraft MRO Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wide Body Aircraft MRO market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wide Body Aircraft MRO market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Distributors & Suppliers, Airport Authorities, End Users, Consultants and Investment Bankers and Government as well as Independent Regulatory Authoriti.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.