Europe Aircraft MRO Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End Users (Commercial and Military)


No. of Pages: 97    |    Report Code: TIPRE00022958    |    Category: Aerospace and Defense

Europe Aircraft MRO Market
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The Europe aircraft MRO market was valued at US$ 21,686.23 million in 2022 and is expected to reach US$ 29,753.43 million by 2030; it is estimated to register a CAGR of 4.0% from 2022 to 2030.

Growing Integration of Digital Technology in MRO Industry Drives Europe Aircraft MRO Market

Considering the growing competition worldwide, the implementation of digital technologies is a necessary step toward the growth of MRO companies; this helps them create continuous data flow through various levels of the supply chain, further streamlining the communication between the stakeholders and accelerating innovation in various operations. The digital revolution in the aviation industry significantly impacts all areas of the supply chain of the aviation industry, including aircraft operations, air traffic management, and aircraft and component manufacturing and servicing. The data-driven technologies such as data analytics—which help in tracking aircraft MRO activities in real-time—would also optimize the air travel experience of crew and passengers. Other advanced technologies such as AI and machine learning facilitate the airline crew and management to understand the airworthiness of the aircraft.

Also, the MRO service providers incorporate AI technologies to boost their procedures by easily and efficiently conducting visual checks and understanding the degree of maintenance and repairs required on the aircraft. Thus, the increasing integration of digital technologies such as AI and machine learning is driving the aircraft MRO market.

Europe Aircraft MRO Market Overview

The aircraft MRO market in Europe is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. With more than 20,000 flights a day and ~500 million passengers traveling every year by air, Europe is accredited to have the world's busiest airspace. The strength of the regional economy and growing air travel, which is increasing the use of MRO services due to growing flying hours, are some of the significant factors driving the demand for aircraft MRO in Europe. The demand for new modern aircraft in the commercial and military aircraft fleets in the region is also driving the market for aircraft MRO. Airline in Europe needs to adhere to the stringent rules and regulations set by the European Aviation Safety Agency (EASA) to ensure that passenger safety is directly impacting the growth of aircraft MRO market. Aircraft MRO aids in the maintenance process and improves the aircraft's reliability and productivity.

In addition, the European market is influenced by the company's inorganic market strategies, such as partnerships, which help establish relationships with other suppliers while also allowing the company to gain market position. For example, Lufthansa Technik, Germany's largest MRO service provider, teamed up with Collins Aerospace, a US-based aerospace and defense products supplier. The collaboration aims to provide maintenance services for the Airbus A380 main landing gear. As a result of the collaboration, the German aircraft MRO market is expected to expand, which will eventually boost the European aircraft MRO market.

FL Technics, Lufthansa Technik, and Rolls-Royce Plc are among the players operating in the Europe aircraft MRO market. For instance, FL Technics, a global provider of aircraft MRO services, acquired Wright International. FL Technics MRO offers a broad range of line maintenance services for wide-body and narrow-body aircraft. According to The Insight Partners analysis, in 2023, Europe had a fleet of more than 5,000 operational commercial aircraft, which is expected to reach ~7,000 commercial aircraft fleet by the end of 2033. Such a huge number of operating commercial aircraft will further generate the demand for MRO services in the region. Moreover, such an increase in the number of aircraft fleets across Europe is expected to bolster the requirement of MRO for major aircraft components such as engines and airframes.

In June 2023, Pratt & Whitney, a subsidiary of RTX (Raytheon Technologies Corporation), unveiled the conclusion of significant engine and aftermarket agreements with Croatia Airlines. These agreements pertain to the state-of-the-art Geared Turbofan (GTF) engines designated to power Croatia Airlines' extensive fleet comprising 15 Airbus A220-100 and A220-300 aircraft. This fleet encompasses both acquired and leased planes, with six being purchased outright and nine procured under lease arrangements, including six from Air Lease Corporation (ALC). The inaugural aircraft is slated for delivery during the second quarter of 2024. As part of these agreements, Pratt & Whitney will assume responsibility for comprehensive engine maintenance for Croatia Airlines' fleet through a long-term EngineWise maintenance agreement. This collaboration underscores Pratt & Whitney's commitment to providing robust aftermarket support and maintenance services to optimize the performance and reliability of Croatia Airlines' Airbus A220 aircraft fleet.

The agreement between Pratt & Whitney and Croatia Airlines reinforces the capability and capacity of European MRO providers. This, coupled with the expected increase in the demand for MRO services due to fleet expansion, positions the European aircraft MRO market for growth and prominence in the global aviation industry.

Europe Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)

Europe Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)
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Europe Aircraft MRO Strategic Insights

Strategic insights for the Europe Aircraft MRO provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Aircraft MRO Report Scope

Report Attribute Details
Market size in 2022 US$ 21,686.23 Million
Market Size by 2030 US$ 29,753.43 Million
Global CAGR (2022 - 2030) 4.0%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Components
  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
By Aircraft Type
  • Fixed Wing Aircraft and Rotary Wing Aircraft
By End Users
  • Commercial and Military
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • AAR CORP
  • Barnes Group Inc
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce Holdings Plc
  • Singapore Technologies Engineering Ltd
  • Turkish Technic Inc.
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    Europe Aircraft MRO Regional Insights

    The geographic scope of the Europe Aircraft MRO refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Aircraft MRO Market Segmentation 

     

    The Europe aircraft MRO market is categorized into components, aircraft type, end users, and country.

    Based on components, the Europe aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2022.

    In terms of aircraft type, the Europe aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger market share in 2022.

    By end users, the Europe aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022.

    By country, the Europe aircraft MRO market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Germany dominated the Europe aircraft MRO market share in 2022.

    AAR CORP; Barnes Group Inc; Collins Aerospace; Delta TechOps; FLTechnics, UAB; GE Aviation; Lufthansa Technik; Rolls-Royce plc; Singapore Technologies Engineering Ltd; and Turkish Technic Inc are among the leading companies operating in the Europe aircraft MRO market.

    The List of Companies - Europe Aircraft MRO Market

    1. AAR CORP
    2. Barnes Group Inc
    3. Collins Aerospace 
    4. Delta TechOps 
    5. FLTechnics, UAB. 
    6. GE Aviation 
    7. Lufthansa Technik 
    8. Rolls-Royce Holdings Plc
    9. Singapore Technologies Engineering Ltd 
    10. Turkish Technic Inc.
    Frequently Asked Questions
    How big is the Europe Aircraft MRO Market?

    The Europe Aircraft MRO Market is valued at US$ 21,686.23 Million in 2022, it is projected to reach US$ 29,753.43 Million by 2030.

    What is the CAGR for Europe Aircraft MRO Market by (2022 - 2030)?

    As per our report Europe Aircraft MRO Market, the market size is valued at US$ 21,686.23 Million in 2022, projecting it to reach US$ 29,753.43 Million by 2030. This translates to a CAGR of approximately 4.0% during the forecast period.

    What segments are covered in this report?

    The Europe Aircraft MRO Market report typically cover these key segments-

    • Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO)
    • Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft)
    • End Users (Commercial and Military)

    What is the historic period, base year, and forecast period taken for Europe Aircraft MRO Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft MRO Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in Europe Aircraft MRO Market?

    The Europe Aircraft MRO Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AAR CORP
  • Barnes Group Inc
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce Holdings Plc
  • Singapore Technologies Engineering Ltd
  • Turkish Technic Inc.
  • Who should buy this report?

    The Europe Aircraft MRO Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Aircraft MRO Market value chain can benefit from the information contained in a comprehensive market report.

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