North America Commercial Aircraft Tooling Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tool Type (Speed Handle, Wrenches, Safety Wire Pliers, Vibration Meters, Metal Working Tools, NDT Tools, and Others), Users (MRO Service Providers and Airline Operator), and Application (Engine, Airframe, Landing Gear, Line Maintenance, and Others)
Market Introduction
The North America commercial aircraft maintenance tooling market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Owing to a continuous rise in demand, the manufacturers of advanced vibration meters are focused on the development of robust vibration analyzers. MTI Instruments has developed a turbine vibration analyzer/balancing system named PBS-4100R+ that is suitable for jet engines. The system is used by several aircraft manufacturers and MRO facilities operating in the commercial aviation sector. MIT Instruments has developed PBS-4100+ for ground usage. The two analyzers mentioned earlier are compatible with engines from Pratt & Whitney, GE, Honeywell, and Rolls-Royce. Similarly, ACES Systems offers Viper II, a portable vibration analyzer, for the vibration analysis of engines offered by leading commercial aircraft jet engine manufacturers. The ability to deliver quick and accurate data is one of the critical benefits of the Viper II analyzer, which makes it an attractive choice in the commercial aircraft MRO industry. The availability of several commercial aircraft vibration analyzers/meters enables the MRO providers to procure the desired product easily. This factor is helping the commercial aircraft maintenance tooling market to propel over the years. The rising inclination towards the adoption of advanced vibration meters by the MRO service providers and airline operators with in-house MRO facilities is driving the commercial aircraft maintenance tooling market through 2028.
The civil aviation industry across the region experienced dramatic changes after the advent of COVID-19. According to the Bureau of Transportation Statistics (BTS),US, domestic air travel across the US experienced a 97% decrease in passenger revenue between February and April 2020. The Canadian and Mexican aviation industries experience similar trends. This impacted the civil aviation manufacturers leading to a decline in the demand for commercial aircraft from the region. The supply chain of several maintenance-related tools and machinery was also impacted due to a significantly lower volume of aircraft movement. This impacted the commercial aircraft maintenance tooling market heavily. In addition, the aircraft manufacturers observed a drop in demand for newer aircraft fleet, cancelation or rescheduling of aircraft orders and delivery, shortage of laborers, and other factors that hampered their businesses and ability to deliver substantial volumes of new aircraft fleet. The decline in new aircraft delivery highlighted a limited number of aircraft fleet at the Maintenance, Repair and Overhaul (MRO) facilities, which reduced the demand for newer and aircraft OEM specific tools and machinery among the MRO facilities. This ultimately led to a decline in revenues in the commercial aircraft maintenance tooling market.
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Market Overview and Dynamics
The commercial aircraft maintenance tooling market in North America is expected to grow from US$ 515.22 million in 2021 to US$ 688.43 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The commercial aviation sector has maintained a strong fleet size over the years, with Airbus and Boeing are the two most notable aircraft manufacturers in terms of delivery statistics. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is foreseen to surge in the coming years owing to the mounting number of air travel passengers and aircraft procurement. According to Boeing Commercial Market Outlook (CMO) 2019–2039, the total number of existing aircraft fleet in 2019 accounted for 25,900, and it is expected to reach 48,400 by 2039. Nonetheless, as the aviation industry reopened in the Q3 of 2020, the aircraft manufacturers have begun witnessing a rise in demand for their aircraft models. Considering the positive trajectory in terms of delivery in the commercial aircraft manufacturing industry, Boeing and Airbus, among other commercial aircraft manufacturers, have ramped up their production volumes. With the projected rise in aircraft volumes, the demand for various types of maintenance tools, including wrenches, vibration tools, NDT tools, calibration tools, metalworking tools, and speed handles, would also increase in the coming years.
Key Market Segments
Based on tool type, the speed handle segment accounted for the largest share of the North America commercial aircraft maintenance tooling market in 2020. Based on users, the MRO service providers segment accounted for the largest share of the North America commercial aircraft maintenance tooling market in 2020. Based on application, the airframe segment accounted for the largest share of the North America commercial aircraft maintenance tooling market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America commercial aircraft maintenance tooling market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include HYDRO SYSTEMS KG; Red Box Aviation.; Stanley Black & Decker, Inc.; STAHLWILLE Eduard Wille GmbH & Co. KG; Field International Group Limited; Henchman Products; Dedienne Aerospace; Tronair Inc. and Snap-On Incorporated.
Reasons to buy report
- To understand the North America commercial aircraft maintenance tooling market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America commercial aircraft maintenance tooling market
- Efficiently plan M&A and partnership deals in North America commercial aircraft maintenance tooling market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America commercial aircraft maintenance tooling market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Commercial Aircraft Maintenance Tooling Market Segmentation
North America Commercial Aircraft Maintenance Tooling Market – By Tool Type- Speed Handle
- Wrenches
- Safety Wire Pliers
- Vibration Meters
- Metal Working Tools
- NDT Tools
- Others
- MRO Service Providers
- Airline Operator
- Engine
- Airframe
- Landing Gear
- Line Maintenance
- Others
North America Commercial Aircraft Maintenance Tooling Market – By Country
- US
- Canada
- Mexico
North America Commercial Aircraft Maintenance Tooling Market – Company Profiles
- HYDRO SYSTEMS KG
- Red Box Aviation
- Stanley Black & Decker, Inc.
- STAHLWILLE Eduard Wille GmbH & Co. KG
- Field International Group Limited
- Henchman Products
- Dedienne Aerospace
- Tronair Inc.
- Snap-On Incorporated
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Data Sources:
4. North America Commercial Aircraft Maintenance Tooling 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 Premium Insights
4.4.1 Commercial Aircraft Maintenance Specialty Tools, by Airbus and Boeing
4.4.2 Licensed Manufacturers of Airbus and Boeing Tools
4.4.3 Airbus and Boeing Maintenance Tools – Distributors
5. Commercial Aircraft Maintenance Tooling – Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Number of Aircraft MRO Hangars
5.1.2 Rise in Demand for Vibration Meters
5.2 Market Restraints
5.2.1 Shortage of Skilled Laborers
5.3 Market Opportunities
5.3.1 New Aircraft Deliveries to Catalyze the Market
5.4 Future Trends
5.4.1 Increase in Demand for Tools for Engine and Line Maintenance
5.5 Impact Analysis of Drivers and Restraints
6. Commercial Aircraft Maintenance Tooling Market – North America Analysis
6.1 North America Commercial Aircraft Maintenance Tooling Market Overview
6.2 North America Commercial Aircraft Maintenance Tooling Market Revenue Forecast and Analysis
7. North America Commercial Aircraft Maintenance Tooling Market Analysis – By Tool Type
7.1 Overview
7.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Tool Type (2020 and 2028)
7.3 Speed Handle
7.3.1 Overview
7.3.2 Speed Handle: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.4 Wrenches
7.4.1 Overview
7.4.2 Wrenches: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.5 Safety Wire Pliers
7.5.1 Overview
7.5.2 Safety Wire Pliers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.6 Vibration Meter
7.6.1 Overview
7.6.2 Vibration Meter: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.7 Metalworking Tools
7.7.1 Overview
7.7.2 Metalworking Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.8 NDT Tools
7.8.1 Overview
7.8.2 NDT Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
8. North America Commercial Aircraft Maintenance Tooling Market Analysis – By Users
8.1 Overview
8.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Users (2020 and 2028)
8.3 MRO Service Providers
8.3.1 Overview
8.3.2 MRO Service Providers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
8.4 Airline Operators
8.4.1 Overview
8.4.2 Airline Operators: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9. North America Commercial Aircraft Maintenance Tooling Market Analysis – By Application
9.1 Overview
9.2 Commercial Aircraft Maintenance Tooling Market Breakdown, By Application (2020 and 2028)
9.3 Engine
9.3.1 Overview
9.3.2 Engine: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.4 Airframe
9.4.1 Overview
9.4.2 Airframe: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.5 Landing Gear
9.5.1 Overview
9.5.2 Landing Gear: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.6 Line Maintenance
9.6.1 Overview
9.6.2 Line Maintenance: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
10. North America Commercial Aircraft Maintenance Tooling Market – Country Analysis
10.1 North America: Commercial Aircraft Maintenance Tooling Market
10.1.1 North America: Commercial Aircraft Maintenance Tooling Market, By Country
10.1.1.1 United States: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 United States: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.1.2 United States: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.1.3 United States: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.2 Canada: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.2.2 Canada: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.2.3 Canada: Commercial Aircraft Maintenance Tooling Market, By Application
10.1.1.3 Mexico: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Commercial Aircraft Maintenance Tooling Market, By Tool Type
10.1.1.3.2 Mexico: Commercial Aircraft Maintenance Tooling Market, By User
10.1.1.3.3 Mexico: Commercial Aircraft Maintenance Tooling Market, By Application
11. North America Commercial Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
12. North America Commercial Aircraft Maintenance Tooling Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Launch
12.4 Merger and Acquisition
13. Company Profiles
13.1 HYDRO SYSTEMS KG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Red Box Aviation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Stanley Black & Decker, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 STAHLWILLE Eduard Wille GmbH & Co. KG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Field International Group Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Henchman Products
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Dedienne Aerospace
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tronair Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Snap-On Incorporated
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Table 2. United States Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. United States Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 4. United States Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Commercial Aircraft Maintenance Tooling Market Segmentation
Figure 2. Commercial Aircraft Maintenance Tooling Market Segmentation – By Country
Figure 3. North America Commercial Aircraft Maintenance Tooling Market Overview
Figure 4. Commercial Aircraft Maintenance Tooling Market, by Tool Type
Figure 5. Commercial Aircraft Maintenance Tooling Market, by Application
Figure 6. Commercial Aircraft Maintenance Tooling Market, By Country
Figure 7. Commercial Aircraft Maintenance Tooling Market– Porter’s Analysis
Figure 8. Ecosystem Analysis
Figure 9. Aircraft Delivery by Airbus and Boeing in 2019, 2020, and 2021 (Till Q2)
Figure 10. Commercial Aircraft Maintenance Tooling Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Commercial Aircraft Maintenance Tooling Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Commercial Aircraft Maintenance Tooling Market Breakdown, By Tool Type (2020 and 2028)
Figure 13. Speed Handle: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Wrenches: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Safety Wire Pliers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vibration Meter: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Metalworking Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. NDT Tools: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial Aircraft Maintenance Tooling Market Breakdown, By Users (2020 and 2028)
Figure 21. MRO Service Providers: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Airline Operators: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Commercial Aircraft Maintenance Tooling Market Breakdown, By Application (2020 and 2028)
Figure 24. Engine: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Airframe: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Landing Gear: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Line Maintenance: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Commercial Aircraft Maintenance Market, by Key Country – Revenue (2020) (USD Million)
Figure 30. North America: Commercial Aircraft Maintenance Tooling Market Revenue Share, By Country (2020 and 2028)
Figure 31. United States: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic on Market in North American Countries
- HYDRO SYSTEMS KG
- Red Box Aviation
- Stanley Black & Decker, Inc.
- STAHLWILLE Eduard Wille GmbH & Co. KG
- Field International Group Limited
- Henchman Products
- Dedienne Aerospace
- Tronair Inc.
- Snap-On Incorporated
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