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North America 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)

Code: TIPRE00021013 | Pages: 94 | Industry: Aerospace and Defense | Date: Apr 2021
Covid

Market Introduction

The North America 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 North American region constitutes developed economies such as US, Canada and Mexico as a developing nation. With the growing advancements in the aviation industry, the demand for aircraft maintenance tooling is also boosting. Heavy spending on aviation infrastructure, economic growth, and increase in passenger count are the factors propelling the adoption of aircraft maintenance tooling. Moreover, soaring number of middle-class travellers is the main factor contributing to air travel growth, which is consequently increasing the need for aircraft maintenance tooling in the region. The governments in the countries with high air traffic, as well as other emerging economies, are supporting the growth of aircraft maintenance tooling as a crucial strategy to support the economic goals of the region. Increase in flying hours is directly proportional to the demand for aircraft maintenance tooling.


Market Overview and Dynamics

The Aircraft maintenance tooling market in North America is expected to grow from US$ 801.21 Mn in 2019 to US$ 1,064.34 Mn by 2027; it is estimated to grow at a CAGR of 3.7 % from 2020 to 2027. The aircraft maintenance tooling market is witnessing a huge adoption of data analysis, owing to rising integration of blockchain, Internet of things (IoT), augmented reality (AR), artificial intelligence (AI), and big data analytics. Growing adoption of aviation maintenance software is boosting the development of digital solutions for ERP-based software. The integration of AI with the aircraft maintenance tooling consists of prescriptive and predictive analytics, communication features, automated reporting, voice recognition, and deep learning. The maintenance service providers are robustly focusing on digitalizing their software to permit them to facilitate task recognition, intelligent memory use, and improved scalability. The maintenance tooling software powered by AI are used to monitor health as well as aviation asset management applications. For instance, the aircraft maintenance sector is integrating AI to boost the response time and reduce costs rising due to human error. Also, aircraft engine manufacturers are procuring smart engines to analyze data generated from sensors installed on them. Thus, the mounting trend of adoption of blockchain, IoT, AI, and big data analytics by maintenance providers is boosting the aircraft maintenance tooling market across North America.   


Key Market Segments

In terms of tool type, the speed handle segment accounted for the largest share of the North America aircraft maintenance tooling market in 2019. In terms of users, the MRO service providers segment held a larger market share of the North America 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 North America 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 AeroWest Mfg Corp., Farwest Aircraft, Norbar Torque Tools Ltd., PROTO, Red Box Aviation, Alberth Aviation and Hydro Systems KG.


Reasons to buy report

  • To understand the North America 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 aircraft maintenance tooling market
  • Efficiently plan M&A and partnership deals in North America 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 aircraft maintenance tooling market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.




NORTH AMERICA 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

  • US
  • Canada
  • Mexico

Company Profiles

  1. AeroWest Mfg Corp
  2. Farwest Aircraft
  3. Norbar Torque Tools Ltd.
  4. PROTO
  5. Red Box Aviation
  6. Alberth AviatioN
  7. Hydro Sytems 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.           North America Aircraft Maintenance Tooling Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        North America – 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        Rise in the Production Rate of Commercial Aircraft

5.1.2        Upsurge in the Requirement of Predictive, Prescriptive, and Condition-Based Maintenance of Aircraft

5.2         Market Restraints

5.2.1        Stringent Aviation Compliance and Regulations

5.3         Market Opportunities

5.3.1        Upswing in the Aircraft MRO Services in Emerging Economics

5.4         Future Trends

5.4.1        Growing Usage of Blockchain, IoT, AI, and Big Data Analytics by Maintenance Providers

5.5         Impact Analysis of Drivers and Restraints

6.           Aircraft Maintenance Tooling – North America Market Analysis

6.1         Overview

6.2         North America Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

7.           North America 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.           North America 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.           North America Aircraft Maintenance Tooling Market – Country Analysis

9.1         Overview

9.1.1        North America: Aircraft Maintenance Tooling Market, By Country

9.1.1.1          US: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          US: Aircraft Maintenance Tooling Market, By Tool Type

9.1.1.1.2          US: Aircraft Maintenance Tooling Market, By Users

9.1.1.2          Canada: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Canada: Aircraft Maintenance Tooling Market, By Tool Type

9.1.1.2.2          Canada: Aircraft Maintenance Tooling Market, By Users

9.1.1.3          Mexico: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Mexico: Aircraft Maintenance Tooling Market, By Tool Type

9.1.1.3.2          Mexico: Aircraft Maintenance Tooling Market, By Users

10.        North America Aircraft Maintenance Tooling Market - COVID-19 Impact Analysis

10.1      Impact of COVID-19 Pandemic on North America Aircraft Maintenance Tooling Market

10.1.1     North America: 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      AeroWest Mfg Corp.

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      Farwest Aircraft

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      Norbar Torque Tools 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      PROTO

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      Red Box Aviation

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      Alberth Aviation

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      HYDRO SYSTEMS KG

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

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             North America Aircraft Maintenance Tooling Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             US Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)

Table 3.             US Aircraft Maintenance Tooling Market, By Users – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Canada Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada Aircraft Maintenance Tooling Market, By Users – Revenue and Forecast to 2027 (US$ Million)

Table 6.             Mexico Aircraft Maintenance Tooling Market, By Tool Type– Revenue and Forecast to 2027 (US$ Million)

Table 7.             Mexico Aircraft Maintenance Tooling Market, By Users – Revenue and Forecast to 2027 (US$ Million)

Table 8.               List of Abbreviation

LIST OF FIGURES

Figure 1.           Aircraft Maintenance Tooling Market Segmentation

Figure 2.           North America Aircraft Maintenance Tooling Market Segmentation – By Country

Figure 3.           North America Aircraft Maintenance Tooling Market Overview

Figure 4.           North America Aircraft Maintenance Tooling Market, By Tool Type

Figure 5.           North America Aircraft Maintenance Tooling Market, By Users

Figure 6.           North America Aircraft Maintenance Tooling Market, by Country

Figure 7.           North America – PEST Analysis

Figure 8.           Aircraft Maintenance Tooling Market: Ecosystem Analysis

Figure 9.           Aircraft Maintenance Tooling Market: Impact Analysis of Drivers and Restraints

Figure 10.        North America 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.        North America: Aircraft Maintenance Tooling Market, by Key Country – Revenue (2019) (USD Million)

Figure 22.        North America Aircraft Maintenance Tooling Market Revenue Share, By Country (2019 and 2027)

Figure 23.        US: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Canada: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Mexico: Aircraft Maintenance Tooling Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.           Impact of COVID-19 Pandemic in North American Country Markets

  1. AeroWest Mfg Corp
  2. Farwest Aircraft
  3. Norbar Torque Tools Ltd.
  4. PROTO
  5. Red Box Aviation
  6. Alberth Aviation
  7. Hydro Systems KG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America Aircraft Maintenance Tooling 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

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