Market Introduction
The South America 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. Owing to a continuous rise in demand, the manufacturers of advanced vibration meters are focused on the development of robust vibration analyzers. MTI Instruments has developed a turbine vibration analyzer/balancing system named PBS-4100R+ that is suitable for jet engines. The system is used by several aircraft manufacturers and MRO facilities operating in the commercial aviation sector. MIT Instruments has developed PBS-4100+ for ground usage. The two analyzers mentioned earlier are compatible with engines from Pratt & Whitney, GE, Honeywell, and Rolls-Royce. Similarly, ACES Systems offers Viper II, a portable vibration analyzer, for the vibration analysis of engines offered by leading commercial aircraft jet engine manufacturers. The ability to deliver quick and accurate data is one of the critical benefits of the Viper II analyzer, which makes it an attractive choice in the commercial aircraft MRO industry. The availability of several commercial aircraft vibration analyzers/meters enables the MRO providers to procure the desired product easily. This factor is helping the commercial aircraft maintenance tooling market to propel over the years. The rising inclination towards the adoption of advanced vibration meters by the MRO service providers and airline operators with in-house MRO facilities is driving the commercial aircraft maintenance tooling market through 2028.
The MRO sector in South America is comparatively smaller than the other regions, as the majority of commercial airlines prefer maintaining their aircraft fleet through international MRO facilities. The emergence of the COVID-19 has led to the grounding of several aircraft fleet across airlines in the region, thereby limiting South America-based MRO facilities to service or overhaul the fleet. This decimated the procurement pattern of maintenance tools, tooling kits, and other machinery. Thus, coupling the factors such as higher dependency on international companies for sourcing maintenance tooling, MRO activity, and grounding of aircraft resulted in a loss of businesses among the commercial aircraft maintenance tooling market player that supply their products to South American MRO companies.
Market Overview and Dynamics
The commercial aircraft maintenance tooling market in South America is expected to grow from US$ 83.97 million in 2021 to US$ 103.86 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. 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. According to Boeing Commercial Market Outlook (CMO) 2019–2039, the total number of existing aircraft fleet in 2019 accounted for 25,900, and it is expected to reach 48,400 by 2039. 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. Considering the positive trajectory in terms of delivery in the commercial aircraft manufacturing industry, Boeing and Airbus, among other commercial aircraft manufacturers, have ramped up their production volumes. 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.
Key Market Segments
Based on tool type, the speed handle segment accounted for the largest share of the South America commercial aircraft maintenance tooling market in 2020. Based on users, the MRO service providers segment accounted for the largest share of the South America commercial aircraft maintenance tooling market in 2020. Based on application, the airframe segment accounted for the largest share of the South America 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 South America 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; Dedienne Aerospace; Tronair Inc. and Snap-On Incorporated.
Reasons to buy report
South America Commercial Aircraft Maintenance Tooling Market Segmentation
South America Commercial Aircraft Maintenance Tooling Market – By Tool TypeSouth America Commercial Aircraft Maintenance Tooling Market – By Country
South America Commercial Aircraft Maintenance Tooling Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 83.97 Million |
| Market Size by 2028 | US$ 103.86 Million |
| CAGR (2021 - 2028) | 3.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Tool Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Commercial Aircraft Tooling Market is valued at US$ 83.97 Million in 2021, it is projected to reach US$ 103.86 Million by 2028.
As per our report South America Commercial Aircraft Tooling Market, the market size is valued at US$ 83.97 Million in 2021, projecting it to reach US$ 103.86 Million by 2028. This translates to a CAGR of approximately 3.1% during the forecast period.
The South America Commercial Aircraft Tooling Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Commercial Aircraft Tooling Market report:
The South America Commercial Aircraft Tooling Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Commercial Aircraft Tooling Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Commercial Aircraft Tooling Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Commercial Aircraft Tooling Market
