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Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Competitive Landscape, Key Drivers, Major Players, Outlook And Forecast To 2033
Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market
Aviation Maintenance, Repair And Overhaul (MRO) Logistics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.37 Bn In 2028 At A CAGR Of 6.6% :
The aviation maintenance, repair and overhaul (MRO) logistics market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.71 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to rise in investments in aircraft MRO software development is driving the market growth, growing demand for air travel, the growth of air travel is the main driver driving the industry, regulatory compliance, data integration.
The aviation maintenance, repair and overhaul (MRO) logistics market size is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rise in air travel to boost market growth, increasing aircraft fleet size, aircraft utilization, asset tracking, aging aircraft fleets. Major trends in the forecast period include technological advancement to encourage market expansion, supply chain disruptions, aging infrastructure, blockchain technology, adoption of predictive maintenance.
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Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Major Segments
The aviation maintenance, repair and overhaul (MRO) logistics market covered in this report is segmented -
1) By Type: Order Fulfillment, Inventory Management
2) By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components
3) By Application: Civil Aviation, Military Aviation, Business Aviation
Key Driver - Growth In Aviation Maintenance, Repair, And Overhaul (MRO) Logistics Market Due To Air Travel Boom
The rise in air travel is expected to propel the growth of the aviation maintenance, repair, and overhaul (MRO) logistics market going forward. The demand for air travel is driven by increased business activities and global trade which necessitate frequent air travel for business meetings, conferences, and negotiations, including travel and tourism growth. MRO logistics ensures that aircraft undergo regular maintenance and repairs to comply with aviation safety regulations, and enables proactive identification of potential issues, reducing the likelihood of unexpected failures. For instance, in April 2023, according to the Bureau of Transportation Statistics, a US-based government agency, the number of original passengers that flew on American airlines increased to 317.9 million in 2022 from 243.8 million in 2021 and 130.8 million in 2020. Therefore, the rise in air travel is driving the growth of the aviation maintenance, repair, and overhaul (MRO) logistics market.
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Prominent Trend - Game-Changing Innovation For Aviation MRO Logistics
Major companies operating in the aviation maintenance, repair, and overhaul (MRO) logistics market are developing innovative products such as aviation suite to improve usability and enhance efficiency for MRO logistic services. The aviation suite include modules or features specifically designed for managing MRO inventory, such as tracking spare parts, managing stock levels, and optimizing inventory distribution across multiple locations. For instance, in July 2023, Ramco Systems, an India-based software company launched Aviation Suite V5.9.6 which plays a significant role in optimizing and streamlining aviation MRO logistics operations. This ground-breaking product aims to enhance efficiency through improved usability and advanced digital capabilities, offering innovative features to drive operational excellence in the aviation industry.
Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Players
Major companies operating in the aviation maintenance, repair and overhaul (MRO) logistics market are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, CMA CGM S.A., The Boeing Company, Deutsche Bahn AG, Kuehne + Nagel International AG, Honeywell Aerospace, DSV Panalpina A/S, BAE Systems plc, DB Schenker, Nippon Express Co. Ltd., Bell Helicopter Textron Inc., Air France Industries KLM Engineering & Maintenance, Delta TechOps, AAR Corporation, SEKO Logistics, Duncan Aviation, FL Technics, Denel Aeronautics, CAMP Systems International Inc., Barfield Inc
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Largest And Fastest Growing Region In The Market
North America was the largest region in the aviation maintenance, repair, and overhaul (MRO) logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation maintenance, repair and overhaul (MRO) logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Report Structure
3. Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Trends And Strategies
4. Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market - Macro Economic Scenario
5. Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Size And Growth
…..
27. Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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