Asia Pacific Aircraft Maintenance Tooling Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Tool Type (Speed Handle, Wrenches, Safety Wire Pliers, Vibration Meter, Metalworking Tools, and Others); Users (MRO Service Providers, and Airline Operators)
The Asia Pacific 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. The Asia Pacific region constitutes developed economies such as China, India, Japan, Australia, South Korea and rest of Asia Pacific as a developing nation. China is the major maintenance tool provider and contributing a huge share in market size. A burgeoning middle class in Asia, especially in China and India, is generating more demand for air travel, which is likely to boost the demand of aircraft maintenance tool market. In the military segment, though various countries are procuring new aircraft every year, the Asia-Pacific region still has some of the oldest aircraft fleets in the world, which is also increasing the demand for the aircraft maintenance tooling market. The Aircraft manufacturing and repair services industry maintains and repairs commercial and military aircraft, and manufactures aircraft and aircraft tool types in Australia region. South Korea is known to be some of the world’s busiest routes and airports, as well as some of Asia’s major carriers. But the country’s MRO industry is in a strange position: it is a market dominated by one large player, with smaller – and newer – entrants few and far between which is likely to boost the market over the forecast period.
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Market Overview and Dynamics
The aircraft maintenance tooling market in Asia Pacific is expected to grow from US$ 749.55 Mn in 2019 to US$ 1,020.07 Mn by 2027; it is estimated to grow at a CAGR of 4.0 % from 2020 to 2027. The commercial aircraft industry is constantly boosting since the past few years. Several operators in this industry are robustly focusing on the development, manufacturing, overhaul, and rebuilding of airplanes, helicopters, aircraft engines as well as several other components and subsystems for the commercial sector. Increase in air travel in developing economies, rise in production of commercial aircraft, and infrastructure developments are driving the demand for commercial aircraft components. The biggest giants in the aerospace industry, such as Airbus and Boeing, are highly indulged in the production of commercial aircraft. They design, manufacture, and sell the commercial aircraft along with fleet support services, primarily to the commercial airline industry in Asia Pacific. In 2019, Airbus delivered a massive number of commercial aircraft, which would boost the production of commercial aircraft in the market. Hence, emerging production rate by these top companies is expected to drive the demand for commercial aircraft across the world. Increasing integration of several equipment in the commercial aircraft, such as avionics systems and engine control and monitoring that operate at peak efficiency is demanding the deployment of maintenance tooling for enhanced operation. Thus, rising integration of advanced equipment in the aircraft demands the timely maintenance and replacement of these equipment for proper functioning of the commercial aircraft.
Key Market Segments
In terms of tool type, the speed handle segment accounted for the largest share of the Asia Pacific aircraft maintenance tooling market in 2019. In terms of users, the MRO service providers segment held a larger market share of the Asia Pacific aircraft maintenance tooling market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific 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 are include Norbar Torque Tools Ltd., PROTO, Shanghai kaviation Techology Co.,Ltd. and Hydro Systems KG.
Reasons to buy report
- To understand the Asia Pacific 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 Asia Pacific aircraft maintenance tooling market
- Efficiently plan M&A and partnership deals in Asia Pacific 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 Asia Pacific aircraft maintenance tooling market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Asia Pacific region.
ASIA PACIFIC AIRCRAFT MAINTENANCE TOOLING MARKET SEGMENTATION
By Tooling Type
- Speed Handles
- Wrenches
- Safety Wire Pliers
- Vibration Meters
- Metalworking Tools
- Others
By Users
- MRO Service Providers
- Airline Operators
By Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Asia Pacific
Company Profiles
- Norbar Torque Tools Ltd.
- PROTO
- Shanghai kaviation Techology Co.,Ltd.
- Hydro Systems KG
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
4. Asia Pacific Aircraft Maintenance Tooling Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Aircraft Maintenance Tooling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in the Production Rate of Commercial Aircraft
5.1.2 Rise in the Requirement of Predictive, Prescriptive, and Condition-Based Maintenance of Aircraft
5.2 Market Restraints
5.2.1 Stringent Aviation Compliance and Regulations regarding Aircraft Maintenance Tooling
5.3 Market Opportunities
5.3.1 Surge in Aircraft MRO Services in Emerging Economics
5.4 Future Trends
5.4.1 Increment in the usage of Blockchain, IoT, AI, and Big Data Analytics by Maintenance Providers
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Maintenance Tooling – Asia Pacific Market Analysis
6.1 Overview
6.2 Asia Pacific Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
7. Asia Pacific Aircraft Maintenance Tooling Market Analysis – By Tool Type
7.1 Overview
7.2 Aircraft Maintenance Tooling Market, By Tool Type (2019 and 2027)
7.3 Speed Handle
7.3.1 Overview
7.3.2 Speed Handle: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Wrenches
7.4.1 Overview
7.4.2 Wrenches: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.5 Safety Wire Pliers
7.5.1 Overview
7.5.2 Safety Wire Pliers: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.6 Vibration Meter
7.6.1 Overview
7.6.2 Vibration Meter: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.7 Metalworking Tools
7.7.1 Overview
7.7.2 Metalworking Tools: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Aircraft Maintenance Tooling Market –Revenue and Forecast to 2027 (US$ Million)
8. Asia Pacific Aircraft Maintenance Tooling Market Analysis – By Users
8.1 Overview
8.2 Aircraft Maintenance Tooling Market, By Users (2019 and 2027)
8.3 MRO Service Providers
8.3.1 Overview
8.3.2 MRO Service Providers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Airline Operators
8.4.1 Overview
8.4.2 Airline Operators: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Aircraft Maintenance Tooling Market – Geographic Analysis
9.1 Overview
9.1.1 APAC: Aircraft Maintenance Tooling Market, By Country
9.1.1.1 China: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 China: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.1.2 China: Aircraft Maintenance Tooling Market, By Users
9.1.1.2 India: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 India: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.2.2 India: Aircraft Maintenance Tooling Market, By Users
9.1.1.3 Japan: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Japan: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.3.2 Japan: Aircraft Maintenance Tooling Market, By Users
9.1.1.4 Australia: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Australia: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.4.2 Australia: Aircraft Maintenance Tooling Market, By Users
9.1.1.5 South Korea: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.5.2 South Korea: Aircraft Maintenance Tooling Market, By Users
9.1.1.6 Rest of APAC: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: Aircraft Maintenance Tooling Market, By Tool Type
9.1.1.6.2 Rest of APAC: Aircraft Maintenance Tooling Market, By Users
10. Asia Pacific Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis
10.1 Impact of COVID-19 Pandemic on Asia Pacific Aircraft Maintenance Tooling Market
10.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnership
12. Company Profiles
12.1 Norbar Torque Tools Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 PROTO
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Shanghai kaviation Techology Co.,Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 HYDRO SYSTEMS KG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Aircraft Maintenance Tooling Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. China Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. China Aircraft Maintenance Tooling Market, By Users – Revenue and Forecast to 2027 (US$ Million)
Table 4. India Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. India Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 6. Japan Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 8. Australia Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Australia Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC Aircraft Maintenance Tooling Market, By Users– Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Aircraft Maintenance Tooling Market Segmentation
Figure 2. Asia Pacific Aircraft Maintenance Tooling Market Segmentation – By Country
Figure 3. Asia Pacific Aircraft Maintenance Tooling Market Overview
Figure 4. Asia Pacific Aircraft Maintenance Tooling Market, By Tool Type
Figure 5. Asia Pacific Aircraft Maintenance Tooling Market, By Users
Figure 6. Asia Pacific Aircraft Maintenance Tooling Market, by Country
Figure 7. Asia-Pacific – PEST Analysis
Figure 8. Aircraft Maintenance Tooling Market: Ecosystem Analysis
Figure 9. Aircraft Maintenance Tooling Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Aircraft Maintenance Tooling Market Revenue Share, By Tool Type (2019 and 2027)
Figure 12. Speed Handle: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Wrenches: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Safety Wire Pliers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Vibration Meter: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Metalworking Tools: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Others: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Aircraft Maintenance Tooling Market Revenue Share, by Users (2019 and 2027)
Figure 19. MRO Service Providers: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Airline Operators: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Asia Pacific: Aircraft Maintenance Tooling Market, by Key Country – Revenue (2019) (USD Million)
Figure 22. APAC: Aircraft Maintenance Tooling Market Revenue Share, By Country (2019 and 2027)
Figure 23. China: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. India: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Japan: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Australia: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Norbar Torque Tools Ltd.
- PROTO
- Shanghai kaviation Techology Co.,Ltd.
- Hydro Systems KG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Aircraft Maintenance Tooling market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Aircraft Maintenance Tooling market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific Aircraft Maintenance Tooling market, as well as those hindering it
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