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Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024

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For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website …

For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website https://www.visiongain.com/Report/1270/Commercial-Aircraft-Maintenance-Repair-Overhaul-%28MRO%29-Market-2014-2024

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  • 1. Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024 Prospects for Companies in Engine, Component, HMV & Line Maintenance ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
  • 2. www.visiongain.com Contents 1. Report Overview 1.1 Global Commercial Aircraft MRO Market Overview 1.2 Why You Should Read This Report 1.3 How This Report Delivers 1.4 Key Questions Answered by This Analytical Report Include: 1.5 Who is This Report For? 1.6 Methodology 1.7 Frequently Asked Questions (FAQ) 1.8 Associated Visiongain Reports 1.9 About Visiongain 2. Introduction to the Commercial Aircraft MRO Market 2.1 Commercial Aircraft MRO Market Structure Overview 2.2 Commercial Aircraft MRO Market Definition 2.3 Who are some of the Main Regulatory Authorities Responsible for Aircraft Safety? 3. Global Commercial Aircraft MRO Market 2014-2024 3.1 Global Commercial Aircraft MRO Market Forecast 2014-2024 3.2 Global Commercial Aircraft MRO Drivers & Restraints 3.3 Macroeconomic Factors 4. Commercial Aircraft MRO Submarket 2014-2024 4.1 Engine Commercial Aircraft MRO Submarket 2014-2024 4.1.2 What are Factors Could Influence the Engine MRO Submarket? 4.1.3 Further Market Share by OEMs will Impact on Traditional Independent Third Party Providers 4.2 Component Commercial Aircraft MRO Submarket 2014-2024 4.2.1 Component Commercial Aircraft MRO Submarket Analysis 4.3 HMV Commercial Aircraft MRO Submarket 2014-2024 4.3.1 HMV Commercial Aircraft MRO Submarket Analysis 4.4 Line Maintenance Commercial Aircraft MRO Submarket 2014-2024 4.4.1 Line Maintenance Activities should Pick-Up in the Towards the End of the Forecast Period
  • 3. www.visiongain.com Contents 5. Regional Commercial Aircraft MRO Market and Submarket Forecasts 2014-2024 5.1 Commercial Aircraft MRO Markets Share Forecast 2014-2024 5.2 North American Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 5.2.1 North American Commercial Aircraft MRO Analysis 5.2.2 North American Commercial Aircraft MRO Market Drivers & Restraints 5.2.3 North American Commercial Aircraft MRO Market Contracts & Programmes 5.3 European Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 5.3.1 European Commercial Aircraft MRO Market Analysis 5.3.2 Influence of Lufthansa and MTU, but it is the Fate of Smaller Providers which is most Important 5.3.3 The Next Few Years will be Crucial for AFI-KLM 5.3.4 European Commercial Aircraft MRO Market Drivers & Restraints 5.3.5 European Commercial Aircraft MRO Market Contracts & Programmes 5.4 Asian Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 5.4.1 Asian Commercial Aircraft MRO Market Analysis 5.4.2 Asian Commercial Aircraft MRO Market Drivers & Restraints 5.4.3 Asian Commercial Aircraft MRO Market Contracts & Programmes 5.5 Middle Eastern Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 5.5.1 Middle Eastern Commercial Aircraft MRO Market Analysis 5.5.2 Middle Eastern Commercial Aircraft MRO Market Drivers & Restraints 5.5.3 Middle Eastern Commercial Aircraft MRO Contracts & Programmes 5.6 South American Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 5.6.1 South American Commercial Aircraft MRO Market Analysis 5.6.2 South American Commercial Aircraft MRO Market Drivers & Restraints 5.6.3 South American Commercial Aircraft MRO Contracts & Programmes 5.7 African Commercial Aircraft MRO Forecasts 2014-2024 5.7.1 African Commercial Aircraft MRO Market Analysis 5.7.2 African Commercial Aircraft MRO Market Drivers & Restraints 5.7.3 African Commercial Aircraft MRO Contracts & Programmes 6. SWOT Analysis of the Commercial Aircraft MRO Market 2014-2024 7. Expert Opinion 7.1 Bedek Aviation’s involvement in MRO 7.2 Asset Management will be Crucial
  • 4. www.visiongain.com Contents 7.3 Market Saturation a Concern in Europe 7.4 Main Drivers for the Commercial Aircraft MRO Market 8. Leading Companies in the Commercial Aircraft MRO Market 8.1 Leading Commercial Aircraft MRO Companies 8.2 AAR Overview 8.2.1 AAR Analysis 8.2.2 AAR Regional Emphasis / Focus 8.2.3 AAR M&A Activity 8.2.4 AAR Competitors 8.3 ADAT (Mubadala) Overview 8.3.1 ADAT Analysis 8.3.2 SR Technics Analysis 8.4 AFI-KLM E&M Overview 8.4.1 AFI-KLM E&M Analysis 8.5 ATS Overview 8.5.1 ATS Overview 8.6 British Airways Engineering Overview 8.6.1 British Airways Engineering Analysis 8.7 Delta TechOps Overview 8.7.1 Delta TechOps Analysis 8.8 GE Aviation Overview 8.8.1 GE Aviation Analysis 8.9 GMF AeroAsia Overview 8.9.1 GMF AeroAsia Overview 8.10 HAECO Overview 8.10.1 HAECO (Swire Group Overview) 8.10.2 HAECO Analysis 8.10.3 HAECO M&A Activity 8.11 HEICO Overview 8.11.1 HEICO Analysis 8.11.2 HEICO M&A Activity 8.12 Israel Aerospace Industries (IAI) Overview 8.12.1 IAI Analysis 8.13 Iberia Maintenance Overview 8.13.1 Iberia Maintenance Analysis 8.14 Lufthansa Technik Overview
  • 5. www.visiongain.com Contents 8.14.1 Lufthansa Technik Analysis 8.15 MTU Aero Engines/MTU Maintenance Overview 8.15.1 MTU Analysis 8.16 Pratt & Whitney Overview 8.16.1 Pratt & Whitney Analysis 8.16.2 Pratt & Whitney Regional Emphasis / Focus 8.17 Rockwell Collins Overview 8.17.1 Rockwell Collins Analysis 8.18 Rolls-Royce Overview 8.18.1 Rolls-Royce Analysis 8.18.2 Rolls-Royce Regional Emphasis / Focus 8.19 SIAEC Overview 8.19.1 SIAEC Analysis 8.20 ST Aerospace Overview 8.20.1 ST Aerospace Analysis 8.20.2 ST Aerospace Regional Emphasis / Focus 8.20.3 ST Aerospace M&A Activity 8.21 TAP M&E Overview 8.21.1 TAP M&E Overview 8.22 Triumph Group Overview 8.22.1 Triumph Group Analysis 8.23 Turkish Technic Overview 8.23.1 Turkish Technic Analysis 8.24 Other Leading Companies in the Commercial Aircraft MRO Market 9. Conclusions & Recommendations 9.1 Commercial Aircraft MRO Market Outlook
  • 6. Page 113www.visiongain.com Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024: Prospects for Companies in Engine, Component, HMV & Line Maintenance 5.6 South American Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24 Engine 0.70 0.72 0.75 0.78 0.81 0.84 0.87 0.90 0.94 0.98 1.02 9.31 AGR (%) 3.5 3.5 3.6 3.6 3.8 4.1 3.6 3.8 4.0 4.3 4.3 Component 0.60 0.62 0.64 0.66 0.69 0.72 0.74 0.77 0.80 0.84 0.87 7.95 AGR (%) 3.4 3.3 3.4 3.6 3.9 3.8 3.6 4.0 4.1 4.3 4.2 HMV 0.52 0.55 0.57 0.60 0.62 0.65 0.67 0.70 0.73 0.76 0.80 7.17 AGR (%) 4.6 5.1 4.5 4.6 4.5 4.2 3.6 4.1 4.2 4.6 4.2 Line 0.56 0.58 0.60 0.63 0.66 0.69 0.71 0.74 0.78 0.81 0.84 7.60 AGR (%) 4.1 3.9 3.9 4.0 4.6 4.3 3.9 4.2 4.4 4.3 4.2 Total Sales 2.38 2.47 2.57 2.67 2.78 2.90 2.99 3.11 3.25 3.39 3.53 32.04 AGR (%) 3.8 3.8 4.0 3.9 4.0 4.1 3.9 4.0 4.1 4.3 4.1 2019-24 4.1 4.0 4.0CAGR (%) 2014-19 CAGR (%) 2014-24 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR% Sales$bn Year Engine Component HMV Line AGR (%) Source: Visiongain 2014 Table 5.14 South American Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 ($bn, AGR %, CAGR%, Cumulative) Source: Visiongain 2014 Figure 5.9 South American Commercial Aircraft MRO Market & Submarket Forecasts 2014-2024 ($bn, AGR%) Source: Visiongain 2014
  • 7. Page 123www.visiongain.com Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024: Prospects for Companies in Engine, Component, HMV & Line Maintenance 5.7.3 African Commercial Aircraft MRO Contracts & Programmes Company Date Details ATR Feb. 2014 ATR and Royal Air Maroc signed a GMA for the airline’s new fleet of ATR 72-600 aircraft. Signed for an initial period of four years, the contract covers the four 72-600s already owned by the airline. Lufthansa Technik Dec. 2013 Lufthansa Technik and South African Airways (SAA) extended a contract to provide support services for the 23 CFM56-7B engines in SAA’s Boeing 737-800 fleet until the aircraft are taken out of service. SR Technics Dec. 2013 SR Technics signed a five-year agreement with South African Airways to extend their long-term cooperation covering all CFM56-5C engines on the airline’s Airbus A340 fleet. The extension would run until 2018 and all work was to be carried out in SR Technics’ facilities in Zurich. AEI Nov. 2013 AEI redelivered the second of four Boeing 737-400SF 11 pallet freighters to Allied Air of Nigeria. The conversion was performed at AEI’s Authorized Conversion Centre – Flightstar Aircraft Services – Florida, where the third aircraft is currently undergoing modification. It had also redelivered the first of two Kahala Aviation Boeing 737-400SF 11 pallet conversions. AFI KLM E&M Oct. 2013 AFI KLM E&M was contracted to maintain CFM56-5B engines of Aigle Azur, which operates a fleet of 12 Airbus A320 aircraft. The agreement covered shop visits, overhauls and repairs. AJW Aviation Oct. 2013 AJW Aviation signed a three-year power-by-the-hour contract with Skypower Express Airways Nigeria to support its Boeing 737-300 cargo aircraft. Sabena technics Oct. 2013 Sabena technics was to provide Mauritania Airlines International with unlimited pool access to Boeing 737 Classic and NG, components, repair and overhaul services and engineering and maintenance, as well as a dedicated main base kit. Aerostar August 2013 Aerostar won a contract from Starbow based in Ghana to carry out C checks on its fleet of four BAe 146s. The first aircraft, a BAe 146-300 was completed and the second aircraft, a BAe 146-200, had arrived at Aerostar’s facility in Bacau, Romania. The remaining aircraft will be ferried to Bacau during the course of 2013. AEI July AEI was selected by Astral Aviation of Nairobi, Kenya to provide one Table 5.19 African Commercial Aircraft MRO Market Major Contracts & Programmes
  • 8. Page 151www.visiongain.com Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024: Prospects for Companies in Engine, Component, HMV & Line Maintenance HEICO Parts Repair Action Research Corporation (ARC)Aircraft Technology, Inc. CSI Aerospace, Inc.Future Aviation, Inc. HEICO Component Repair Inertial Aerospace Services, Inc. McClain International, Inc. NIACC - Avitech Technologies, Inc. Prime Air ChicagoPrime Air Miami Prime Air Europe LtdSunshine Avionics LLC Wheel and Brake Facility Distribution Electronic Technologies Speciality Products Figure 8.5 HEICO Subsidiaries 2013 Source: Visiongain 2014