Aviation Turbine MRO: Introduction

  • Aviation turbine MRO refers to routine inspections, modifications, checks, overhauls, and repairs carried out on the aircraft turbine. The maintenance of turbine in the aviation industry is highly regulated in order to ensure safe and correct functioning during flight.
  • Aviation turbine MRO plays a vital role in sustaining and extending the lifespan of an aviation turbine. Revamp, repair, and protection of aircraft turbine is the function of aviation turbine MRO.

Key Drivers and Restraints of Aviation Turbine MRO Market

  • Rise in number of aging fleet of aircraft in the commercial & military aviation industry is expected to drive the global aviation turbine MRO market
  • Advancement in technologies to optimize fuel efficiency and increase in focus of OEM on MRO activities are anticipated to boost the global aviation turbine MRO market during the forecast period. Furthermore, rise in focus on enhancing aircraft safety in the aviation industry is expected to propel the global aviation turbine MRO market.
  • Increase in investments in development of aviation infrastructure and launch of new airlines are key factors estimated to boost the demand for aviation turbine MRO during the forecast period. However, presence of long term contracts of aircraft operators with MRO service providers is projected to hamper the market in the near future.

COVID-19 Impact Analysis

  • Governments of several countries across the globe have imposed strict lockdown to limit the spread of the COVID-19 pandemic. Movement of individuals and economic activities related to essential goods and services have come to a halt because of the lockdowns. This has adversely affected the demand for air travel, thereby hampering the demand for aviation turbine MRO.

Commercial Aviation Application Segment Expected to Hold Prominent Share of Global Market

  • The global aviation turbine MRO market can be segmented based on application and region
  • In terms of application, the global aviation turbine MRO market can be classified into commercial aviation, military aviation, and general aviation. Growth of the commercial aviation segment can be ascribed to the increase in number of air travelers.

Asia Pacific Expected to Constitute Major Share of Global Aviation Turbine MRO Market

  • In terms of region, the global aviation turbine MRO market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • North America is projected to hold vital share of the global market during the forecast period due to the increase in number of aging military aircraft fleet in the region
  • The aviation turbine MRO market in Asia Pacific is projected to expand at a rapid pace during the forecast period. The aviation turbine MRO market in the region is driven by increase in passenger traffic. Rapid industrialization & urbanization, increase in per capita income, and strong economic growth are some of the major factors propelling the demand for air travel in Asia Pacific, primarily in developing countries of the region. Furthermore, expansion of MRO network across Asia Pacific is expected to drive the aviation turbine MRO market in the region from 2020 to 2030. InterGlobe Aviation Ltd announced plans to build the second MRO center of 13,000 sq.m at Kempegowda International Airport in Bengaluru, India. This MRO center is anticipated to become operational by the end of 2020.
  • Europe is projected to dominate the aviation turbine MRO market during the forecast period. This can be ascribed to the increase in investment in expansion of aviation infrastructure in the region.

Key Players Operating in Global Market

Leading companies operating in the global aviation turbine MRO market include:

  • Barnes Group Inc.
  • Hexagon AB
  • GE Aviation
  • TurbineAero, Inc.

Global Aviation Turbine MRO Market: Research Scope

Global Aviation Turbine MRO Market, by Application

  • Commercial
  • Military
  • General

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Aviation Turbine MRO Market