Europe 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)

Code: TIPRE00026195 | Pages: 145 | Industry: Aerospace and Defense | Date: Dec 2021
Covid

Market Introduction

The Europe 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. 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. However, the emergence of COVID-19 decimated the demand for aircraft in 2020, resulting in a significantly lower number of deliveries. 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. 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. Moreover, elevated aircraft production volume would boost the production and maintenance of aircraft jet engines, which is likely to create opportunities for the commercial aircraft maintenance tooling market players to sell their products to engine MRO providers. Thus, a decent rate of aircraft delivery, coupled with the existing fleet size (excluding the retired and sent to long-term storage due to COVID-19), pose significant business opportunities for the MRO industry players, which would ultimately drive the commercial aircraft maintenance tooling market during the forecast period.

The European commercial aviation stakeholders experienced havoc tremors from the COVID-19 pandemic. Several aircraft maintenance tooling market players experienced cancellation of previous orders, which reflected a downturn in their revenues, thereby negatively impacting the market. Nonetheless, as the airlines are bringing back their fleets into service, the demand for maintenance tooling is rising at a decent rate, which is a positive growth factor for the commercial aircraft maintenance tooling market players. The need for maintenance tooling is growing in Europe at a fair pace in the current scenario, as the stored aircraft fleet requires intense maintenance. On the other hand, from an aircraft production and delivery perspective, Airbus, the largest commercial aircraft manufacturer, experienced a significant decline in production volumes in 2020. However, as domestic and international aviation is picking up, the aircraft manufacture intends to scale up its production of the A320 fleet. Thus, with the increase in the newer fleet, the adoption rate of different maintenance tools is expected to rise in the coming years.


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Market Overview and Dynamics

The commercial aircraft maintenance tooling market in Europe is expected to grow from US$ 424.10 million in 2021 to US$ 601.97 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. Commercial aircraft line maintenance service providers and engine maintenance service providers focusing on the procurement of advanced maintenance tools to perform their tasks efficiently. Both line maintenance and engine maintenance are of utmost importance for any aircraft operator. The engine maintenance needs are growing steadily as modern engines are equipped with advanced technologies, while the maintenance cycles are defined by the engine manufacturers. An engine is the highest revenue generation stream for aircraft MRO service providers due to a continuous rise in the production and installation of engines as well as maintenance requirements of the existing engines. The engine segment in aircraft MRO is expected to continue generating significant revenues in the years to come. This is majorly due to the constant rise in production and installation of engines coupled with existing engines. Attributing to the continuous growth of engine usage, the maintenance frequencies, as well as maintenance bays, are also expected to surge in the coming years. Thus, an increase in engine maintenance frequencies and bay As a result, the engine MRO segment generates noteworthy demand for various maintenance tools, which would bolster the commercial aircraft maintenance tooling market during the forecast period.

Key Market Segments

Based on tool type, the speed handle segment accounted for the largest share of the Europe commercial aircraft maintenance tooling market in 2020. Based on users, the MRO service providers segment accounted for the largest share of the Europe commercial aircraft maintenance tooling market in 2020. Based on application, the airframe segment accounted for the largest share of the Europe 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 Europe 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; Franke Aerotec GmbH; Tronair Inc. and Snap-On Incorporated.

Reasons to buy report

  • To understand the Europe 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 Europe commercial aircraft maintenance tooling market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe commercial aircraft maintenance tooling market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.

Europe Commercial Aircraft Maintenance Tooling Market Segmentation

Europe Commercial Aircraft Maintenance Tooling Market – By Tool Type
  • Speed Handle
  • Wrenches
  • Safety Wire Pliers
  • Vibration Meters
  • Metal Working Tools
  • NDT Tools
  • Others
Europe Commercial Aircraft Maintenance Tooling Market – By Users
  • MRO Service Providers
  • Airline Operator
Europe Commercial Aircraft Maintenance Tooling Market – By Application
  • Engine
  • Airframe
  • Landing Gear
  • Line Maintenance
  • Others

Europe Commercial Aircraft Maintenance Tooling Market – By Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe 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
  • Franke Aerotec GmbH
  • 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.           Europe 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        Rise in the Number of Aircraft MRO Hangars

5.1.2        Incrementing Demand for Vibration Meters

5.2         Market Restraints

5.2.1        Lack of Skilled Laborers

5.3         Market Opportunities

5.3.1        Delivery of New Aircraft Fleets

5.4         Future Trends

5.4.1        Heightening Demand for Tools for Engine and Line Maintenance

5.5         Impact Analysis of Drivers and Restraints

6.           Commercial Aircraft Maintenance Tooling Market – Europe Analysis

6.1         Europe Commercial Aircraft Maintenance Tooling Market Overview

6.2         Europe Commercial Aircraft Maintenance Tooling Market Revenue Forecast and Analysis

7.           Europe 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.           Europe 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.           Europe 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.        Europe Commercial Aircraft Maintenance Tooling Market – Country Analysis

10.1      Europe: Commercial Aircraft Maintenance Tooling Market

10.1.1     Europe: Commercial Aircraft Maintenance Tooling Market, By Country

10.1.1.1       Germany: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Germany: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.1.2       Germany: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.1.3       Germany: Commercial Aircraft Maintenance Tooling Market, By Application

10.1.1.2       France: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       France: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.2.2       France: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.2.3       France: Commercial Aircraft Maintenance Tooling Market, By Application

10.1.1.3       Italy: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Italy: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.3.2       Italy: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.3.3       Italy: Commercial Aircraft Maintenance Tooling Market, By Application

10.1.1.4       UK: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       UK: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.4.2       UK: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.4.3       UK: Commercial Aircraft Maintenance Tooling Market, By Application

10.1.1.5       Russia: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Russia: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.5.2       Russia: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.5.3       Russia: Commercial Aircraft Maintenance Tooling Market, By Application

10.1.1.6       Rest of Europe: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By Tool Type

10.1.1.6.2       Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By User

10.1.1.6.3       Rest of Europe: Commercial Aircraft Maintenance Tooling Market, By Application

11.        Europe Commercial Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis

11.1      Overview

11.2      Europe: Impact Assessment of COVID-19 Pandemic

12.        Europe 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      Franke Aerotec GmbH

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      Tronair Inc.

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

13.10   Snap-On Incorporated

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

 


LIST OF TABLES

Table 1.             Europe Commercial Aircraft Maintenance Tooling Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Germany Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028  (US$ Million)

Table 3.             Germany Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             France Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 6.             France Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)

Table 7.             France Commercial Aircraft Maintenance Tooling Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 8.             Italy Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Italy Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          UK Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 12.          UK Commercial Aircraft Maintenance Tooling Market, By User– Revenue and Forecast to 2028 (US$ Million)

Table 13.          UK Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Russia Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of Europe Commercial Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe Commercial Aircraft Maintenance Tooling Market, By User – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe Commercial Aircraft Maintenance Tooling Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 20.          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.           Europe 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.        Europe 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.        Europe: Commercial Aircraft Maintenance tooling Market, by Key Country – Revenue (2020) (USD Million)

Figure 30.        Europe: Commercial Aircraft Maintenance Tooling Market Revenue Share, By Country (2020 and 2028)

Figure 31.        Germany: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        France: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Italy: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        UK: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Russia: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Rest of Europe: Commercial Aircraft Maintenance Tooling Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. HYDRO SYSTEMS KG
  2. Red Box Aviation
  3. Stanley Black & Decker, Inc.
  4. STAHLWILLE Eduard Wille GmbH & Co. KG
  5. Field International Group Limited
  6. Henchman Products
  7. Dedienne Aerospace
  8. Franke Aerotec GmbH
  9. Tronair Inc.
  10. Snap-On Incorporated
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  • Highlights key business priorities in order to assist companies to realign their business strategies
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