Global Aircraft Engine MRO Market is predicted to grow at a healthy CAGR between 2020- 2025, as per the recent analysis by Market Research Future (MRFR). Aircraft engine MRO, simply put, is the maintenance, repair, as well as overhaul of the aircraft engine. In fact, MRO is popular for the aircraft’s maintenance activity. The aircraft engine MRO provides multiple services such as aircraft inspections, advanced troubleshooting, mechanical and structural repair services, engine change, aircraft conformity, and avionics installation & repair. It has wide applications in military aviation and civil aviation.
Various factors are propelling the global aircraft engine MRO market growth. As per the latest MRFR report, such factors include rising air transport activities both in developing and developed countries, development of new MRO service centers, rising international trade amid various countries, rising adoption of cargo planes, timely arrangement for checks or repairs of the airplane to ensure safe air travel and performance efficiency, and booming aerospace industry. Additional factors adding market growth include high demand for next-generation engines, strict government regulations about airplanes, as well as the need for maintenance of engines and components periodically.
Get Free Sample Copy of “Aircraft Engine MRO Market” @ https://www.marketresearchfuture.com/sample_request/1556
Lack of skilled professionals, the grave impact of the COVID-19 pandemic, and rising environmental risks related to aircraft engine MRO services are factors that may limit the global aircraft engine MRO market growth over the forecast period.
Eminent players profiled in the Global Aircraft Engine MRO Market Report include United Technologies Corporation (US), SIA Engineering Company Ltd. (Singapore), Safran SA (France), MTU Aero Engines AG (Germany), Lufthansa Technik AG (Germany), , GE Aviation (US), Delta TechOps (US), Hong Kong Aircraft Engineering Company Limited (Hong Kong), and Air France Industries KLM Engineering & Maintenance (France).
The MRFR report offers an inclusive segmental analysis of the global aircraft engine MRO market report based on engine type, aircraft type, and application.
By engine type, the global aircraft engine MRO market is segmented into piston engine and turbine engine. Of these, the turbine segment is predicted to lead the market over the forecast period.
By aircraft type, the Global Aircraft Engine MRO Market is segmented into rotary wing aircraft and fixed wing aircraft. The fixed -wing aircraft segment is further sub-segmented into narrow body aircraft and wide body aircraft. Some wide-body aircraft comprise the Airbus A300, A310, A330, A340, A350, and A380, as well as the Boeing B-747, B-767, B-777, & B-787.
By application, the global aircraft engine MRO market is segmented into military aviation and civil aviation.
Based on the region, the global aircraft engine MRO market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), Latin America & the Middle East and Africa. Of these, North America will dominate the market over the forecast period. Huge investments in MRO aircraft engines, increasing use of advanced technologies, presence of several major MRO service providers and aircraft manufacturers, and more than 10,000 aircraft expected to be in service by 2025 in the region are adding to the growth of the global aircraft engine MRO market growth in the region.
The global aircraft engine MRO market in the APAC region is predicted to grow at a fast pace over the forecast period. Rising passenger traffic that is boosting the aircraft movement growth, rising military budget of emerging countries, and aircraft operators planning to boost the MRO network is adding to the growth of the aircraft engine MRO market in the region.
The global aircraft engine MRO market in Europe is predicted to have healthy growth over the forecast period and that in Latin America & the MEA is predicted to have sound growth over the forecast period.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/aircraft-engine-mro-market-1556
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar