Europe Aircraft Engine MRO Market Forecast to 2028 – COVID-19 Impact and Analysis – by Engine (Turbine Engine and Piston Engine), Application (Commercial, General, and Military), and Aircraft Type (Fixed Wing and Rotary Wing)
The aircraft engine MRO market in Europe is expected to grow from US$ 5.55 billion in 2022 to US$ 7.84 billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
With the increase in air traffic and aircraft demand, air carriers are boosting their aircraft delivery. The demand for new airlines is not just coming from existing aircraft re-establishing their fleet but also from new low–cost aircraft entering the market. A repressed interest of leisure travelers being more cost-sensitive post-pandemic, decreased interest for business travel, and the adaptability of the minimal expense aircraft plan of action are surging the demand for MRO services. Boeing will deliver more than 49000 airplanes by 2040. Airbus expects more than 39000 airlines in 20 years, from 2020 to 2040. From January to March 2022, Boeing delivered 41 jets, three 767s, one 777F, and 37 737s (35 MAX/2 NG). The narrow-body aircraft is gaining significant popularity nowadays. The share of narrow-body aircraft fleet rose as the attractive seat mile efficiency and the improved-range capacity have made the aircraft preferred over cost-efficient carriers. The increasing sale of the A321LR, which was flying even during the COVID-19 pandemic, is expected to bring lucrative opportunities for the aircraft engine MRO market in the coming years. The delivery of narrow-body aircraft was fueled in 2021 by Federal Aviation Administration and European Union Aviation Safety Agency's decision to recertify the Boeing 737 MAX for commercial use. This is likely to generate new opportunities for the aircraft engine MRO market during the forecast period.
Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Europe Aircraft Engine MRO Market Segmentation
The Europe aircraft engine MRO market is segmented by engine, application, aircraft type, and country. Based on engine, the Europe aircraft engine MRO market is bifurcated into turbine engine and piston engine. Turbine engine is expected to dominate the aircraft engine MRO market in 2022. The turbine engine segment is further sub-segmented into turboprop engine, turbofan engine, and turboshaft engine. Turbofan engine is expected to dominate the aircraft engine MRO market in 2022. On the basis of application, the Europe aircraft engine MRO market is segmented into commercial, general, and military. The commercial segment is expected to account for the largest share in 2022 in the Europe aircraft engine MRO market. On the basis of aircraft type, the Europe aircraft engine MRO market is categorized into fixed wing and rotary wing. Fixed wing is expected to dominate the market in 2022. The Europe aircraft engine MRO market, based on country, is segmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. France dominated the market in 2022.
Key players dominating the Europe aircraft engine MRO market are CFM International, Delta Air Line, GE Aviation, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce plc, and Safran.
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. Europe Aircraft Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force 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 Expert Opinion
5. Europe Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Resuming of Grounded Aircraft Post–Pandemic
5.1.2 Stringent Government Regulations Related to Carbon Emissions
5.2 Market Restraints
5.2.1 Suspension of Older Aircraft Fleets
5.3 Market Opportunities
5.3.1 Expected Future Delivery of Aircraft
5.4 Future Trends
5.4.1 The Increasing Demand for Fuel–Efficient Aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine MRO Market – Europe Analysis
6.1 Europe Aircraft Engine MRO Market Overview
6.2 Europe Aircraft Engine MRO Market Forecast and Analysis
7. Europe Aircraft Engine MRO Market Analysis – By Engine
7.1 Overview
7.2 Europe Aircraft Engine MRO Market, By Engine (2021 and 2028)
7.3 Turbine Engine
7.3.1 Overview
7.3.2 Turbine Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.1 Turboprop Engine
7.3.2.1.1 Overview
7.3.2.1.2 Turboprop Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.2 Turbofan Engine
7.3.2.2.1 Overview
7.3.2.2.2 Turbofan Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.3 Turboshaft Engine
7.3.2.3.1 Overview
7.3.2.3.2 Turboshaft Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Piston Engine
7.4.1 Overview
7.4.2 Piston Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8. Europe Aircraft Engine MRO Market Analysis – By Application
8.1 Overview
8.2 Europe Aircraft Engine MRO Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.4 General
8.4.1 Overview
8.4.2 General: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.5 Military
8.5.1 Overview
8.5.2 Military: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9. Europe Aircraft Engine MRO Market Analysis – By Aircraft Type
9.1 Overview
9.2 Europe Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
10. Europe Aircraft Engine MRO Market – Country Analysis
10.1 Overview
10.1.1 Europe: Aircraft Engine MRO Market, by Key Country
10.1.1.1 France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 France: Aircraft Engine MRO Market, by Engine
10.1.1.1.1.1 France: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.1.2 France: Aircraft Engine MRO Market, by Application
10.1.1.1.3 France: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.2 Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Germany: Aircraft Engine MRO Market, by Engine
10.1.1.2.1.1 Germany: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.2.2 Germany: Aircraft Engine MRO Market, by Application
10.1.1.2.3 Germany: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.3 Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Italy: Aircraft Engine MRO Market, by Engine
10.1.1.3.1.1 Italy: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.3.2 Italy: Aircraft Engine MRO Market, by Application
10.1.1.3.3 Italy: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.4 UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.4.1 UK: Aircraft Engine MRO Market, by Engine
10.1.1.4.1.1 UK: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.4.2 UK: Aircraft Engine MRO Market, by Application
10.1.1.4.3 UK: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.5 Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.5.1 Russia: Aircraft Engine MRO Market, by Engine
10.1.1.5.1.1 Russia: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.5.2 Russia: Aircraft Engine MRO Market, by Application
10.1.1.5.3 Russia: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.6 Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.6.1 Rest of Europe: Aircraft Engine MRO Market, by Engine
10.1.1.6.1.1 Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.6.2 Rest of Europe: Aircraft Engine MRO Market, by Application
10.1.1.6.3 Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Delta Air Line
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 GE Aviation
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 CFM International
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 Lufthansa Technik
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
12.5 MTU Aero Engines AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Safran
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rolls-Royce plc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Raytheon Technologies Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. France: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 3. France: Aircraft Engine MRO Market, by Turbine Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 4. France: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 5. France: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 6. Germany: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 7. Germany: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 8. Germany: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 9. Germany: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Italy: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Italy: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Italy: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Italy: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 14. UK: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 15. UK: Aircraft Turbine Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 16. UK: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 17. UK: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 18. Russia: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 19. Russia: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 20. Russia: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 21. Russia: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 22. Rest of Europe: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 23. Rest of Europe: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 24. Rest of Europe: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 25. Rest of Europe: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Aircraft Engine MRO Market Segmentation
Figure 2. Europe Aircraft Engine MRO Market Segmentation – By Country
Figure 3. Europe Aircraft Engine MRO Market Overview
Figure 4. Turbine Engine Segment held the Largest Share of Europe Aircraft Engine MRO Market
Figure 5. Turbofan Engine Segment held the Largest Share of Europe Aircraft Engine MRO Market
Figure 6. Commercial Segment held the Largest Share of Europe Aircraft Engine MRO Market
Figure 7. Fixed Wing Segment held the Largest Share of Europe Aircraft Engine MRO Market
Figure 8. France to Show Great Traction During Forecast Period
Figure 9. Europe Aircraft Engine MRO Market– Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis: Europe Aircraft Engine MRO Market
Figure 11. Expert Opinion
Figure 12. Europe Aircraft Engine MRO Market: Impact Analysis of Drivers and Restraints
Figure 13. Europe Aircraft Engine MRO Market Forecast and Analysis (US$ Billion)
Figure 14. Europe Aircraft Engine MRO Market, By Engine (2021 and 2028)
Figure 15. Turbine Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Turboprop Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Turbofan Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Turboshaft Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Piston Engine: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Europe Aircraft Engine MRO Market, By Application (2021 and 2028)
Figure 21. Commercial: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. General : Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Military: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Europe Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
Figure 25. Fixed Wing: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Rotary Wing: Europe Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Europe: Aircraft Engine MRO Market, by key Country – Revenue (2021) (US$ Billion)
Figure 28. Europe: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. France: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Germany: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Italy: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 32. UK: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 33. Russia: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 34. Rest of Europe: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
- CFM International
- Delta Air Line
- GE Aviation
- Lufthansa Technik
- MTU Aero Engines AG
- Raytheon Technologies Corporation
- Rolls-Royce plc
- Safran
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Aircraft Engine MRO 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 Europe Aircraft Engine MRO 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 Europe market trends and outlook coupled with the factors driving the Aircraft Engine MRO Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution