The global aircraft engine MRO industry is expected to

Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) — The report “Aircraft Engine MRO Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Engine, Application and Aircraft Type” has been added to from ResearchAndMarkets.com offer.

The Aircraft Engine MRO Market size was valued at US$32.04 million by 2028, from US$22.15 million in 2021; it is expected to grow at a CAGR of 5.7% over the period 2022-2028.

Aircraft engine MRO providers offer several services, such as routine engine maintenance. Some aircraft engine suppliers are focused on manufacturing one or two engines, while others have large multi-purpose engine portfolios. All aircraft engines require routine maintenance and daily checks before aircraft flight. In transition, the aircraft fleet is redefining the aero engine MRO market due to the many permanent retirements of older aircraft.

The popularity of narrow-body aircraft has been increasing since 2021 due to decisions by the European Union Aviation Safety Agency and the Federal Aviation Administration to recertify commercial use of the Boeing 737 MAX. In 2021, more than 23,700 aircraft flew, of which more than 14,000 were narrow-body aircraft, due to this, the narrow-body segment accounted for a significant share of the global aircraft engine MRO market share.

The ecosystem of the aircraft engine MRO market is evolving. In addition, major players occupy positions in the first node of the Aircraft Engine MRO market ecosystem. Additionally, engine manufacturers and MRO service providers provide maintenance, repair and overhaul services to commercial airlines, military forces and general aviation owners.

Companies such as Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines SA; SIA Engineering Society; Sigma Aerospace; Safran SA; Raytheon Technologies Company; and Rolls-Royce PLC are among the leading manufacturers in the aircraft engine MRO market. These companies are engaged in providing a wide range of aircraft engine MRO services to end users, such as commercial airliners, military forces, general aviation owners and other customers.

In February 2022, Safran Helicopter Engines signed a Memorandum of Understanding (MoU) with engineering to study the use of Sustainable Aviation Fuel (SAF) in helicopter engines, with the aim of helping operators in helicopters in their transition to the use of SAF.

In March 2022, Safran signed a “Memorandum of Understanding” with Hindustan Aeronautics Limited (HAL) to expand their cooperation and explore opportunities for new helicopter engines in the civil and military markets, reflecting their commitment to the Indian government’s vision “Atmanirbhar Bharat” towards achieving autonomy in defense technologies and MRO (Maintenance, Repair and Overhaul).

The Aircraft Engine MRO Market study is segmented into Engine Type, Application, and Aircraft. Based on the engine, the aircraft engine MRO market is segmented into turbine engines and piston engines. In 2020, the turbine engine segment dominated the aircraft engine MRO market with a larger share. Based on application, the market is segmented into commercial aviation, general aviation, and military aviation. In 2020, the commercial segment accounted for the largest share of the global aircraft engine MRO market. Based on aircraft type, the market is segmented into fixed-wing aircraft and rotary-wing aircraft.

Fixed-wing aircraft dominated the aircraft engine MRO market in 2020 with a larger share. By geography, the market is primarily segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, Asia-Pacific accounted for a major market share of the aircraft engine MRO market.

Key players profiled in the Aircraft Engine MRO Market analysis include Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines SA; SIA Engineering Society; Sigma Aerospace; Safran SA; Raytheon Technologies Company; and Rolls-Royce PLC

The COVID-19 outbreak has adversely affected the world and disrupted economic conditions in several countries. Flights have remained idle in the Middle East and Africa (MEA) due to the COVID-19 pandemic, which has lowered demand for MRO services. The crisis has led to a loss of business among the players in the aircraft engine MRO market offering their services to the respective airlines in the Middle East and Africa. According to the International Air Transport Association, airline revenues have been negatively impacted due to the temporary suspension of flights. The most affected aviation market in the Middle East and Africa was Saudi Arabia, followed by the United Arab Emirates. More than 16,000 general aviation aircraft were canceled in the Middle East and Africa in 2020. Reduced flight activities in the Middle East and Africa hampered market growth in 2020.

Main topics covered:

1. Introduction
1.1 Scope of the study
1.2 Guidelines for the research report
1.3 Market Segmentation

2. Main Takeaways

3. Research methodology
3.1 Coverage
3.2 Secondary research
3.3 Primary research

4. Aircraft Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining power of buyers
4.2.2 Bargaining power of suppliers
4.2.3 Threat to new entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert advice

5. Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Post Pandemic Aircraft Ground Recovery Drives Aircraft Engine MRO Market
5.1.2 Strict government regulations on carbon emissions
5.2 Market Constraints
5.2.1 Suspension of Older Aircraft Fleets Is Damaging Market Growth
5.3 Market Opportunities
5.3.1 Expected future delivery of aircraft will provide a lucrative opportunity for the aircraft engine MRO market
5.4 Future trends
5.4.1 Growing demand for fuel-efficient aircraft
5.5 Impact analysis of drivers and constraints

6. Aircraft Engine MRO Market – Global Market Analysis
6.1 Aircraft Engine MRO Market Overview
6.2 Aircraft Engine MRO Market Forecast and Analysis
6.3 Market Positioning – Key Global Players

7. Aircraft Engine MRO Market Analysis – By Engine
7.1 Overview
7.2 Aircraft Engine MRO Market, By Engine (2021 & 2028)
7.3 Turbine engine
7.3.1 Preview
7.3.2 Turbine Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
7.3.3 Turboprop
7.3.3.1 Presentation
7.3.3.2 Turboprop Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
7.3.4 Double-flow motor
7.3.4.1 Presentation
7.3.4.2 Turbofan Engine: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
7.3.5 Turboshaft engine
7.3.5.1 Presentation
7.3.5.2 Turboshaft Aircraft Engines MRO Market Revenue and Forecast to 2028 (USD Billion)
7.4 Piston engine
7.4.1 Overview
7.5 Piston Engine Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)

8. Global Aircraft Engine MRO Market Analysis – By Application
8.1 Overview
8.2 Aircraft Engine MRO Market, by Application (2021 & 2028)
8.3 Commercial
8.3.1 Preview
8.4 Commercial: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
8.5 General
8.5.1 Preview
8.5.2 General: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
8.6 Military
8.6.1 Preview
8.6.2 Military Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)

9. Global Aircraft Engine MRO Market Analysis – By Aircraft Type
9.1 Overview
9.2 Aircraft Engine MRO Market, by Aircraft Type (2021 & 2028)
9.3 Fixed wing
9.3.1 Preview
9.3.2 Fixed-wing Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)
9.4 Rotary wing
9.4.1 Preview
9.4.2 Rotating Wing: Aircraft Engine MRO Market Revenue and Forecast to 2028 (USD Billion)

10. Aircraft Engine MRO Market – Geographical Analysis

11. Aircraft Engine MRO Market – COVID-19 Impact Analysis
11.1 Overview
11.1.1 Europe: assessment of the impact of the COVID-19 pandemic
11.1.2 Asia-Pacific: assessment of the impact of the COVID-19 pandemic
11.1.3 Middle East and Africa: Assessment of the impact of the COVID-19 pandemic
11.1.4 South America: Assessment of the impact of the COVID-19 pandemic

12. Industry Landscape
12.1 Overview
12.2 Market initiative

13. Business Profiles
13.1 Delta Airline
13.1.1 Key Facts
13.1.2 Description of the activity
13.1.3 Products and services
13.1.4 Financial overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 GE Aviation
13.2.1 Key Facts
13.2.2 Description of the activity
13.2.3 Products and services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 Main developments
13.3 CFM International
13.3.1 Key Facts
13.3.2 Description of the activity
13.3.3 Products and services
13.3.4 Financial overview
13.3.5 SWOT Analysis
13.3.6 Main developments
13.4 Lufthansa Technik
13.4.1 Key Facts
13.4.2 Description of activity
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MTU Aero Engines AG
13.5.1 Key Facts
13.5.2 Description of activity
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Saffron
13.6.1 Key Facts
13.6.2 Description of activity
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SIA Engineering Society
13.7.1 Key Facts
13.7.2 Description of activity
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sigma Aerospace
13.8.1 Key Facts
13.8.2 Description of activity
13.8.3 Products and services
13.8.4 Financial overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Rolls-Royce plc.
13.9.1 Key Facts
13.9.2 Description of activity
13.9.3 Products and services
13.9.4 Financial overview
13.9.5 SWOT Analysis
13.9.6 Major Developments
13.10 Raytheon Technologies Corporation
13.10.1 Key Facts
13.10.2 Description of activity
13.10.3 Products and services
13.10.4 Financial overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/e3jcdl

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