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Global Narrowbody Aircraft MRO Market 2015-2019

Global Narrowbody Aircraft MRO Market 2015-2019

About aircraft MRO

In the aerospace industry, aircraft MRO has become an essential component to ensure that fleets are airworthy and safe to transport passengers. Regular MRO helps to extend the life of airline fleet. MRO companies provide services, such as repairs, inspections, routine checks, and overhaul of aircraft. Factors, such as aircraft utilization, global fleet size, and air traffic volumes, help increase the demand for aircraft MRO. Based on the type of maintenance, the global narrow-body aircraft MRO market is classified into five segments: airframe, line, engine, component maintenance, and modifications.

Technavio's analysts forecast the global narrow-body aircraft MRO market to grow at a CAGR of 3.93% over the period 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of the global narrow-body aircraft market for the period 2015-2019. The market can be segmented into five divisions: airframe, line, engine, component, and modifications.

Technavio's report, Global Narrow-body Aircraft MRO Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global narrow-body aircraft MRO market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions

  • Americas
  • APAC
  • EMEA
Key vendors
  • GE Aviation
  • Honeywell Aerospace
  • Lufthansa Technik
  • Pratt & Whitney
  • Rolls Royce Holdings
Other prominent vendors
  • Air Works
  • FL Technics Jet JSC
  • GMF AeroAsia
  • HAECO
  • ST Aerospace
Key market driver
  • Growing demand in aircraft fleet
  • For a full, detailed list, view our report
Key market challenge
  • Environmental issues
  • For a full, detailed list, view our report
Key market trend
  • Introduction of portable devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Narrowbody Aircraft MRO Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Narrowbody Aircraft MRO Market: GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney and Rolls Royce Holdings

The other prominent vendors are: Air Works, FL Technics Jet JSC, GMF AeroAsia, HAECO and ST Aerospace

Commenting on the report, an analyst from Technavio’s team said: “MRO operations account for 10%-15% of an airline's total operating costs. While aircraft undergo scheduled maintenance services, these can become delayed due to non-availability of the spare parts required. Thus, the use of lean management techniques in operations can lead to sustainable performance improvements. Lean MRO activities eliminate unnecessary tasks from processes and increase supply chain effectiveness. Increased focus on lean operations will lead to significant savings in hangar or workspace reduction, labor productivity, increased capacity, defect reduction, and on-time delivery improvements.”

According to the report, by 2032, 10,400 new planes will replace existing aircraft, doubling the worldwide fleet to approximately 36,500 aircraft. Airbus delivered 500 narrow-body A320 aircraft in 2013. It has a total of 3,904 orders for its new-generation A320neo aircraft, to be delivered to the airlines across the world during the forecast period. With higher demand for aircraft, the global market for MRO will increase, as well.

Further, the report states that as higher investment is required to offer new MRO services, market growth may suffer.

Companies Mentioned

GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney, Rolls Royce Holdings, Air Works, FL Technics Jet JSC, GMF AeroAsia, HAECO, ST Aerospace

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global narrow body aircraft MRO market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global aerospace and defense supply chain system
    • Table Global aerospace and defense supply chain system
  • Global aerospace and defense value chain system
    • Table Global aerospace and defense value chain system
  • Market segmentation by MRO type
    • Global narrow-body aircraft MRO market by type
      • Table Segmentation of global commercial aircraft MRO market by type
      • Table Segmentation of global narrow-body aircraft MRO market by maintenance type 2014 and 2019
      • Table Segmentation of global narrow-body aircraft MRO market by maintenance type 2014-2019 ($ billions)
    • Global market for narrow-body aircraft engine MRO
      • Table Global market for narrow-body aircraft engine MRO 2014-2019 ($ billions)
    • Global market for MRO of narrow-body aircraft components
      • Table Global market for MRO of narrow-body aircraft components 2014-2019 ($ billions)
    • Global market for line maintenance of narrow-body aircraft
      • Table Global market for line maintenance of narrow-body aircraft 2014-2019 ($ billions)
    • Global market for narrow-body aircraft airframe MRO and modifications
      • Table Global market for narrow-body aircraft airframe MRO and modifications 2014-2019 ($ billions)
  • Geographical segmentation
    • Geographical segmentation of global narrow-body aircraft MRO market 2014-2019
      • Table Geographical segmentation of market 2014 and 2019
      • Table Geographical segmentation of market 2014-2019 ($ billions)
    • Narrow-body aircraft MRO market in EMEA
      • Table Narrow-body aircraft MRO market in EMEA 2014-2019 ($ billions)
    • Narrow-body aircraft MRO market in the Americas
      • Table Narrow-body aircraft MRO market in the Americas 2014-2019 ($ billions)
    • Narrow-body aircraft MRO market in APAC
      • Table Narrow-body aircraft MRO market in APAC 2014-2019 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive Scenario
      • Table List of key vendors
    • Other prominent vendors
  • Key vendor analysis
    • GE Aviation
    • Honeywell Aerospace
    • Pratt & Whitney
    • Rolls-Royce
    • Lufthansa Technik
  • Appendix
    • List of abbreviations
  • Explore Technavio

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