Learn about the global aircraft maintenance, repair and overhauling services market through The Business Research Company, which provides information on aircraft MRO services market size, aircraft MRO services market drivers and restraints, aircraft MRO services market players, the COVID-19 impact on the aircraft MRO services market, and more.

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The global aircraft maintenance, repair and overhauling services market is expected to grow from $63.19 billion in 2020 to $68.06 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $87.6 billion in 2025 at a CAGR of 7%.

Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the aircraft maintenance, repair and overhauling services market.

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The aircraft maintenance, repair and overhauling services market consists of sales of aircraft maintenance, repair and overhauling (MRO) services and related goods by entities (organizations, sole traders or partnerships) that maintain, repair and overhaul commercial aircraft including helicopters, gliders, drones, aircraft turbines, aircraft engines and rocket engines. The market numbers in this report include sales of spare parts to end consumers by aircraft MRO providers that are used during the aircraft MRO activities.

Global aircraft maintenance, repair and overhauling services market segments include:

By Type: Commercial Aircrafts MRO Services, Commercial Helicopters MRO Services, Commercial Gliders and Drones MRO Services, Aircraft Turbines MRO Services, Aircraft Engines MRO Services, Rocket Engines MRO Services

By Aircraft Division: Engine, Cabin Interior, Airframe, Avionics, Others

By Size: Wide-Body, Narrow-Body, Regional, Others

By Service Type: Annual Maintenance Contract, Individual Works, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global aircraft maintenance, repair and overhauling services market, accounting for 38% of the market in 2020.

Rising cyber-attacks on the confidential data transferred through sensitive paths in the value chain of the aerospace industry are expected to be a restraint on the aircraft maintenance, repair and overhauling services market in the forecast period. Companies involved in the value chain of aircraft maintenance, repair and overhauling services exchange a lot of confidential data on specifications, technology and performance of equipment or services to enhance collaborations on design, development and support.

TBRC’s aircraft maintenance, repair and overhauling services market report covers:

Major Market Players: Honeywell Aerospace; AAR Corporation; Air France Industries KLM Engineering & Maintenance; Airbus SAS; The Boeing Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Aircraft Maintenance, Repair and Overhauling Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides aircraft maintenance, repair and overhauling services market overviews, analyses and forecasts market size, share, aircraft MRO services market players, aircraft MRO services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s aircraft maintenance, repair and overhauling services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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