Wide-body Aircraft MRO Market: Global Industry Analysis and Forecast (2024-2030)

  • Wide-body Aircraft MRO Market size was valued at USD 88.77 Bn. in 2023 and the Wide-body Aircraft MRO revenue is expected to grow at a CAGR of 4.10% from 2024 to 2030, reaching nearly USD 117.61 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2033

Wide-body Aircraft MRO Market Overview:

The Wide-body Aircraft MRO market provides market size, share, scope, growth, and potential of the industry. It offers valuable in application to help businesses identify opportunities and potential risks within the market. Also the global Wide-body Aircraft MRO market research reports provide detailed analysis of market conditions, trends, challenges, and recommendations for stakeholders in the industry.

 

Wide Body aircraft generally involve two or four engines and are also called as twin-aisle aircraft. Wide Body jet engines have experienced an incredible transformation over the past several years with the development of turbofan engines and application of strategies that encourage fuel economy. The typical fuselage diameter is of 5 to 6 m that is 16 to 20 ft. In the typical Wide Body economy cabin, the passengers are settled seven to ten abreast, tolerating a total capacity of 200 to 850 passengers.

 

The largest Wide Body aircraft are over 6 m that is 20 ft. wide and adjust up to eleven passengers abreast in high-density configurations. Major factors that are expected to boost the increase of the huge body plane market within the forecast length are the rapid urbanization. In addition, the worldwide trade between the international locations and the recognition of IoT clever sensors and records analytics for advanced effectiveness and much less downtime is similarly predicted to propel the increase of the huge body plane marketplace.

Wide-body Aircraft MRO Market

 

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Wide-body Aircraft MRO Market Dynamics:

Adapting to Changing Market Forces and Technological Innovations Driving Global Wide-body Aircraft MRO Market Growth

Demand for aftermarket services and capacity growth are being driven by rising air travel demand and decreasing fuel prices. The fleet renewal process is being delayed by the low price of gasoline, which is prolonging the requirement to maintain ageing. The loosening of regulations on foreign ownership for airlines and their affiliates is pushing airlines to contract out "captive" maintenance tasks. Continuous Innovation in MRO operations is fueled by ongoing investments in research and development, with an emphasis on better repair methods, predictive maintenance, and the integration of digital technologies like artificial intelligence and data analytics. Collaborations with OEMs, airlines, and other MRO companies facilitate knowledge sharing, increase service options, and strengthen a company's worldwide footprint.     

 

Challenges Facing the Wide-body Aircraft MRO Market

Technology factors impacting maintenance needs  

Challenging elements influencing the wide-body plane MRO region encompass technical know-how, reliability, turnaround time, cost-effectiveness, geographical reach, and consumer pride. Businesses excelling in supplying, fee-effective, and timely MRO offerings whilst minimizing plane downtime tend to have an aggressive gain. As new aircraft are introduced, improvements to on-wing time are delivering longer maintenance windows, reducing overall maintenance needs. The shift to advanced materials, namely composites, mean new strategies, techniques and schedules are needed compared to the more mature metallic MRO processes.

 

Wide-body Aircraft MRO Market Segment Analysis:

By Type, the huge-body plane MRO marketplace section is multifaceted, comprising numerous forms of protection, repair, and overhaul (MRO) offerings tailored to satisfy the diverse needs of operators. Those services generally encompass line renovation, heavy upkeep, engine maintenance, issue repair, and modification services. Line maintenance entails ordinary assessments and minor upkeep conducted frequently to make sure the continuing airworthiness of aircraft between flights. Heavy renovation, however, encompasses greater large inspections, overhauls, and repairs conducted at designated upkeep centers to address structural and gadget-associated problems.

Wide-body Aircraft MRO Market1

Wide-body Aircraft MRO Market Regional Insight:

In North America, mounted MRO hubs and a dense network of small extensive-body aircraft operations pressure steady demand for upkeep offerings, supported through stringent safety requirements. Europe, with its state-of-the-art MRO infrastructure and emphasis on sustainable practices, gives a strong market for small huge-body aircraft maintenance. Within the Asia-Pacific place, burgeoning air journey call for and expanding fleets of small extensive-body plane present beneficial possibilities for MRO carriers, specifically in rising markets. Conversely, areas like the center East and Latin the United States are experiencing increase in small extensive-frame plane operations, fueled through investments in aviation infrastructure and protection tasks.

 

Wide-body Aircraft MRO Market Competitive Landscape:

  • In July 2020, Boeing and GE Aviation announced a partnership to develop and manufacture a new family of wide-body aircraft.

 

  • In August 2020, Airbus and Rolls-Royce announced a strategic partnership to develop and manufacture a new family of wide-body aircraft.

 

Wide-body Aircraft MRO Market Scope:

Wide-body Aircraft MRO Market

Market Size in 2023

USD 88.77 Bn.

Market Size in 2030

USD 117.61 Bn.

CAGR (2024-2030)

4.10 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Type

Airframe and Modification

Component

Engine and Line Maintenance

By Service

Maintenance Services

Engineering Services

Technical Training

Inventory Management

Freight Conversions

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Wide-body Aircraft MRO Market Key Players:

  1. GE Aviation
  2. Honeywell Aerospace
  3. Lufthansa Technik
  4. Pratt & Whitney
  5. Rolls-Royce
  6. Abu Dhabi Aircraft Technologies
  7. Air France Industries Klm Engineering
  8. Maintenance
  9. MTU Aero Engines
  10. Singapore Technologies Aerospace
  11. Honeywell Aerospace
  12. Lufthansa Technik
  13. Pratt & Whitney
  14. Rolls-Royce plc
  15. Abu Dhabi Aircraft Technologies
  16. AFI KLM E&M
  17. KLM UK Engineering and Limited
  18. MTU Aero Engines
  19. Singapore Technologies Engineering Ltd
  20. Hong Kong Aircraft Engineering Company Limited


Frequently Asked Questions

Adapting to Changing Market Forces and Technological Innovations is the driver of the Wide-body Aircraft MRO Market.

1.    Wide-body Aircraft MRO Market: Research Methodology 
2.    Wide-body Aircraft MRO Market: Executive Summary
3.    Wide-body Aircraft MRO Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Wide-body Aircraft MRO Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6.    Wide-body Aircraft MRO Market: Dynamics
6.1. Market Trends by Region
6.1.1.    North America
6.1.2.    Europe
6.1.3.    Asia Pacific
6.1.4.    Middle East and Africa
6.1.5.    South America

6.2. Market Drivers by Region
6.2.1.    North America
6.2.2.    Europe
6.2.3.    Asia Pacific
6.2.4.    Middle East and Africa
6.2.5.    South America

6.3. Market Restraints
6.4. Market Opportunities
6.5. Market Challenges
6.6. PORTER’s Five Forces Analysis
6.7. PESTLE Analysis
6.8. Strategies for New Entrants to Penetrate the Market
6.9. Regulatory Landscape by Region
6.9.1.    North America
6.9.2.    Europe
6.9.3.    Asia Pacific
6.9.4.    Middle East and Africa
6.9.5.    South America

7.    Wide-body Aircraft MRO Market Size and Forecast by Segments (by Value Units)
7.1. Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
7.1.1.    Airframe and Modification
7.1.2.    Component
7.1.3.    Engine and Line Maintenance

7.2. Wide-body Aircraft MRO Market Size and Forecast, by Service (2023-2030)
7.2.1.    Maintenance Services 
7.2.2.    Engineering Services
7.2.3.    Technical Training
7.2.4.    Inventory Management
7.2.5.    Freight Conversions 
7.2.6.    Others

7.3. Wide-body Aircraft MRO Market Size and Forecast, by Region (2023-2030)
7.3.1.    North America
7.3.2.    Europe
7.3.3.    Asia Pacific
7.3.4.    Middle East and Africa
7.3.5.    South America

8.    North America Wide-body Aircraft MRO Market Size and Forecast (by Value Units)
8.1. North America Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
8.1.1.    Airframe and Modification
8.1.2.    Component
8.1.3.    Engine and Line Maintenance

8.2. Wide-body Aircraft MRO Market Size and Forecast, by Service (2023-2030)
8.2.1.    Maintenance Services 
8.2.2.    Engineering Services
8.2.3.    Technical Training
8.2.4.    Inventory Management
8.2.5.    Freight Conversions 
8.2.6.    Others

8.3. North America Wide-body Aircraft MRO Market Size and Forecast, by Country (2023-2030)
8.3.1.    United States
8.3.2.    Canada
8.3.3.    Mexico

9.    Europe Wide-body Aircraft MRO Market Size and Forecast (by Value Units)
9.1. Europe Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
9.1.1.    Airframe and Modification
9.1.2.    Component
9.1.3.    Engine and Line Maintenance

9.2. Wide-body Aircraft MRO Market Size and Forecast, by Service (2023-2030)
9.2.1.    Maintenance Services 
9.2.2.    Engineering Services
9.2.3.    Technical Training
9.2.4.    Inventory Management
9.2.5.    Freight Conversions 
9.2.6.    Others

9.3. Europe Wide-body Aircraft MRO Market Size and Forecast, by Country (2023-2030)
9.3.1.    UK
9.3.2.    France
9.3.3.    Germany
9.3.4.    Italy
9.3.5.    Spain
9.3.6.    Sweden
9.3.7.    Russia 
9.3.8.    Rest of Europe

10.    Asia Pacific Wide-body Aircraft MRO Market Size and Forecast (by Value Units)
10.1. Asia Pacific Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
10.1.1.    Airframe and Modification
10.1.2.    Component
10.1.3.    Engine and Line Maintenance

10.2. Wide-body Aircraft MRO Market Size and Forecast, by Service (2023-2030)
10.2.1.    Maintenance Services 
10.2.2.    Engineering Services
10.2.3.    Technical Training
10.2.4.    Inventory Management
10.2.5.    Freight Conversions 
10.2.6.    Others

10.3. Asia Pacific Air Traffic Control (ATC) Communications Market Size and Forecast, by Country (2023-2030)
10.4. China
10.5. S Korea
10.6. Japan
10.7. India
10.8. Australia
10.9. Indonesia 
10.10. Malaysia
10.11. Vietnam
10.12. Taiwan
10.13. Bangladesh
10.14. Pakistan
10.15. Rest of Asia Pacific
11.    Middle East and Africa Wide-body Aircraft MRO Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
11.1.1.    Airframe and Modification
11.1.2.    Component
11.1.3.    Engine and Line Maintenance

11.2. Middle East and Africa Market Size and Forecast, by Service (2023-2030)
11.2.1.    Maintenance Services 
11.2.2.    Engineering Services
11.2.3.    Technical Training
11.2.4.    Inventory Management
11.2.5.    Freight Conversions 
11.2.6.    Others

11.3. Middle East and Africa Wide-body Aircraft MRO Market Size and Forecast, by Country (2023-2030)
11.3.1.    South Africa
11.3.2.    GCC
11.3.3.    Egypt
11.3.4.    Nigeria
11.3.5.    Rest of ME&A

12.    South America Wide-body Aircraft MRO Market Size and Forecast (by Value Units)
12.1. South America Wide-body Aircraft MRO Market Size and Forecast, by Type (2023-2030)
12.1.1.    Airframe and Modification
12.1.2.    Component
12.1.3.    Engine and Line Maintenance

12.2. South America Market Size and Forecast, by Service (2023-2030)
12.2.1.    Maintenance Services 
12.2.2.    Engineering Services
12.2.3.    Technical Training
12.2.4.    Inventory Management
12.2.5.    Freight Conversions 
12.2.6.    Others

12.3. South America Wide-body Aircraft MRO Market Size and Forecast, by Country (2023-2030)
12.3.1.    Brazil
12.3.2.    Argentina
12.3.3.    Rest of South America

13.    Company Profile: Key players
13.1. 2. GE Aviation
13.1.1.1.    Company Overview
13.1.1.2.    Financial Overview
13.1.1.3.    Business Portfolio
13.1.1.4.    SWOT Analysis
13.1.1.5.    Business Strategy 
13.1.1.6.    Recent Developments

13.2. Honeywell Aerospace 
13.3. Lufthansa Technik 
13.4. Pratt & Whitney 
13.5. Rolls-Royce 
13.6. Abu Dhabi Aircraft Technologies 
13.7. Air France Industries Klm Engineering 
13.8. Maintenance 
13.9. MTU Aero Engines
13.10. Singapore Technologies Aerospace
13.11. Honeywell Aerospace
13.12. Lufthansa Technik
13.13. Pratt & Whitney
13.14. Rolls-Royce plc
13.15. Abu Dhabi Aircraft Technologies
13.16. AFI KLM E&M
13.17. KLM UK Engineering and Limited
13.18. MTU Aero Engines
13.19. Singapore Technologies Engineering Ltd
13.20. Hong Kong Aircraft Engineering Company Limited 
14.    Key Findings
15.    Industry Recommendation

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