Pune, March 07, 2022 (GLOBE NEWSWIRE) -- Aircraft MRO market 2022 research report gives experts analysis on the global current market size estimate, market scenario, structure, products, top industry players, segmentation by types, applications. Aircraft MRO market report covers the dynamics that have a strong impact on the Aircraft MRO market and can also impact its upcoming development. Growth inducing dynamics, market restraints and recent growths have also been analysed in the report in order to deliver profound data about the industry.

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Aircraft MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.

The global Aircraft MRO market size is projected to reach US$ 110980 million by 2027, from US$ 87660 million in 2020, at a CAGR of 3.4% during 2021-2027.

Market Segmentation: -

Aircraft MRO market report provides analysis of the key trends in each sub-segment of the worldwide Aircraft MRO report, with estimates for development at the global, regional and country level and categorized the market based on product type, applications.

Segment by Type

• Engine Maintenance
• Components Maintenance
• Airframe Heavy Maintenance
• Line Maintenance Modification

Segment by Application

• Air Transport
• BGA

In terms of product, Engine is the largest segment, with a share over 40%. And in terms of application, the largest application is BGA, followed by Air Transport.

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The top leading firms in the market are mostly concentrating on new ideas associated to the invention and supply of Aircraft MRO. These policies will let the key players to extend their business limits and increase their position in the market. The following are some of the key players in the Aircraft MRO Market:

• Lufthansa Technik
• GE Aviation
• AFI KLM E&M
• ST Aerospace
• MTU Maintenance
• AAR Corp.
• Rolls-Royce
• SR Technics (Mubadala Aerospace)
• SIA Engineering
• Delta TechOps
• Haeco
• JAL Engineering
• Ameco Beijing
• Pratt&Whitney
• ANA
• Korean Air
• Iberia Maintenance

Global Aircraft MRO key players include GE Aviation, Rolls-Royce, Lufthansa Technik, AFI KLM E&M, etc. Global top four manufacturers hold a share over 30%.

Regional Analysis:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil etc.)
• Middle East and Africa (Egypt and GCC Countries)

United States is the largest market, with a share about 35%, followed by China, and Europe, both have a share over 30 percent.

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Some Points from TOC:

1 Report Overview

2 Global Growth Trends

3 Competition Landscape by Key Players

4 Aircraft MRO Breakdown Data by Type

5 Aircraft MRO Breakdown Data by Application

6 North America

7 Europe

8 Asia-Pacific

9 Latin America

10 Middle East & Africa

11 Key Players Profiles

12 Analyst's Viewpoints/Conclusions

13 Appendix

Questions answered in the Aircraft MRO market research report:

• What is the Aircraft MRO market size?
• What are the market driving factors behind the Aircraft MRO market?
• What are the market trends and forecast for the global Aircraft MRO market?
• What are the trends and forecasts based on market research and analysis of Aircraft MRO market segmentation by type, application, geography?
• Which are the major global Aircraft MRO companies?
• What is the CAGR and Revenue expected in future?

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