According to a new market report published by Lucintel, the future of the global commercial aero engine MRO market looks promising with opportunities in maintenance, repair, and overhaul activities. The global commercial aero engine MRO market is expected to grow with a CAGR of 4.5% from 2021 to 2027. The major growth drivers for this market are technological advancements for lower emissions and less maintenance, use of advanced materials, and demand for more fuel-efficient engines.
Browse 14 market data tables and 29 figures spread through 84 pages and in-depth TOC on “Global Commercial Aero Engine MRO Market"
Aircraft operators are displaying promising signs of commitment for advancing their development in the biofuel arena. Almost 20 major carriers, including several of largest passenger and cargo airlines in the US, have entered into nonbinding purchasing commitments with producers of alternative fuels.
In recent years, several factors have been shaping the overall aerospace industry. There is a huge market potential for suppliers of composites and other advanced materials in the aerospace sector with growing demand for more fuel-efficient aircraft.
North America is expected to remain the largest region during the forecast period due to highest number of aircraft deliveries and production in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing fleet of engines, part replacements, and integrated MRO solutions from OEMs. General Aviation, Pratt & Whitney, Rolls Royce , Delta Techops, and Lufthansa Techniks are among the major suppliers of carbon braking systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global commercial aero engine MRO market by MRO activities and region and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Commercial Aero Engine MRO Market 2022-2027: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global commercial aero engine MRO market by MRO activities and region as follows:
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Commercial Aero Engine MRO Market by MRO Activities (Value ($ million) from 2016 to 2027):
•Maintenance
•Repair
•Overhaul
Commercial Aero Engine MRO Market by Region (Value ($ million) from 2016 to 2027):
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 84- page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/commercial-aero-engine-MRO-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global commercial aero engine MRO market by MRO activities (maintenance, repair, and overhaul) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years? |