Global Power by the Hour (PBH) Market Size study & Forecast, by Component (Engine, Landing Gear & Breaks, Spare Parts & Component, Airframes) by Platform (Commercial Aviation, Narrow Body Aircraft, Wide Body Aircraft, Business Jet, Commercial Helicopter)

Global Power by the Hour (PBH) Market Size study & Forecast, by Component (Engine, Landing Gear & Breaks, Spare Parts & Component, Airframes) by Platform (Commercial Aviation, Narrow Body Aircraft, Wide Body Aircraft, Business Jet, Commercial Helicopter) by Application (Line Maintenance, Heavy Maintenance) and Regional Analysis, 2023-2030


Global Power by the Hour (PBH) Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% during the forecast period 2023-2030. Power by the Hour (PBH) is a business model commonly utilized in the aviation industry, particularly in the context of aircraft engine maintenance and support. Under a PBH agreement, operators pay a fixed rate based on the number of flight hours or cycles an engine accumulates, rather than incurring separate and unpredictable costs for individual maintenance events or component replacements. The Power by the Hour (PBH) Market is expanding because of factors such as the growing number of air passenger traffic and rising demand for business jets. As a result, the demand for Power by the Hour (PBH) has progressively increased in the international market during the forecast period 2023-2030.

Airlines often expand their fleets in response to increased passenger demand. As they introduce new aircraft, PBH agreements provide a convenient model for managing maintenance costs for these additional engines. It allows operators to scale their maintenance expenses proportionally with the growth of their fleet. According to Statista, the global number of scheduled passengers boarded by the airline industry accounts for 2185 million in 2021 and reached up to 3781 million in 2022 Furthermore, in 2023, the global airline industry's passenger air traffic revenue accounts for USD 522 billion. Another important factor that drives the Power by the Hour (PBH) Market is the increasing demand for business jets. Business jet operations are often global, requiring support and maintenance services across different regions. PBH agreements offer a standardized approach to maintenance regardless of the geographical location of the aircraft, making them attractive to operators with diverse and international fleets. In addition, as per Statista, in 2020, the global business jet market was valued at more than USD 24 billion and is expected to reach up to USD 37 billion by the year 2028. Moreover, stringent government regulations for maintaining operational quality and a rising focus on fuel-efficient aviation technologies are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with Power by the Hour and technical complexity are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power by the Hour (PBH) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing presence of major airlines such as American Airlines, and Southwest Airlines were the leading aircraft manufacturers in the region. Aircraft manufacturers work on incorporating advanced technologies into their engines, such as real-time monitoring systems and predictive maintenance capabilities. These technologies enhance the accuracy of maintenance predictions and facilitate the implementation of PBH agreements. The region’s dominant performance is anticipated to propel the overall demand for Power by the Hour (PBH). Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as rising air passenger traffic in the region.

Major market player included in this report are:
Lufthansa Technik AG
Rolls-Royce plc
United Technologies Corporation
MTU Aero Engines AG
Textron Inc
A J Walter Aviation Limited
General Electric Aviation
Singapore Technologies Engineering Ltd
SIA Engineering Company Ltd
EFTEC UK Ltd

Recent Developments in the Market:
 In June 2023, AJW Group, an independent aviation parts, repair, and supply chain solutions supplier, entered a Power-by-the-Hour (PBH) agreement with Skyfive Airlines, a new Cypriot operator. AJW Group has announced that it is going to provide comprehensive PBH services for the airline's two Airbus A320 aircraft. This allows Skyfive Airlines to focus on its core business and passenger experience while benefiting from cost certainty, enhanced operational efficiency, and reduced financial risks.

Global Power by the Hour (PBH) Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Component, Platform, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component
Engine
Landing Gear & Breaks
Spare Parts & Component
Airframes

By Platform
Commercial Aviation
Narrow Body Aircraft
Wide Body Aircraft
Business Jet
Commercial Helicopter

By Application
Line Maintenance
Heavy Maintenance

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Power by the Hour (PBH) Market, by Region, 2020-2030 (USD Billion)
1.2.2. Power by the Hour (PBH) Market, by Component, 2020-2030 (USD Billion)
1.2.3. Power by the Hour (PBH) Market, by Platform, 2020-2030 (USD Billion)
1.2.4. Power by the Hour (PBH) Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Power by the Hour (PBH) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Power by the Hour (PBH) Market Dynamics
3.1. Power by the Hour (PBH) Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing number of air passenger traffic
3.1.1.2. Rising demand for business jets
3.1.2. Market Challenges
3.1.2.1. High cost associated to Power by the Hour
3.1.2.2. Technical complexity
3.1.3. Market Opportunities
3.1.3.1. Stringent government regulations for maintaining operational quality
3.1.3.2. Rising focus on fuel-efficient aviation technologies
Chapter 4. Global Power by the Hour (PBH) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Power by the Hour (PBH) Market, by Component
5.1. Market Snapshot
5.2. Global Power by the Hour (PBH) Market by Component, Performance - Potential Analysis
5.3. Global Power by the Hour (PBH) Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Power by the Hour (PBH) Market, Sub Segment Analysis
5.4.1. Engine
5.4.2. Landing Gear & Breaks
5.4.3. Spare Parts & Component
5.4.4. Airframes
Chapter 6. Global Power by the Hour (PBH) Market, by Platform
6.1. Market Snapshot
6.2. Global Power by the Hour (PBH) Market by Platform, Performance - Potential Analysis
6.3. Global Power by the Hour (PBH) Market Estimates & Forecasts by Platform 2020-2030 (USD Billion)
6.4. Power by the Hour (PBH) Market, Sub Segment Analysis
6.4.1. Commercial Aviation
6.4.2. Narrow Body Aircraft
6.4.3. Wide Body Aircraft
6.4.4. Business Jet
6.4.5. Commercial Helicopter
Chapter 7. Global Power by the Hour (PBH) Market, by Application
7.1. Market Snapshot
7.2. Global Power by the Hour (PBH) Market by Application, Performance - Potential Analysis
7.3. Global Power by the Hour (PBH) Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Power by the Hour (PBH) Market, Sub Segment Analysis
7.4.1. Line Maintenance
7.4.2. Heavy Maintenance
Chapter 8. Global Power by the Hour (PBH) Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power by the Hour (PBH) Market, Regional Market Snapshot
8.4. North America Power by the Hour (PBH) Market
8.4.1. U.S. Power by the Hour (PBH) Market
8.4.1.1. Component breakdown estimates & forecasts, 2020-2030
8.4.1.2. Platform breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Power by the Hour (PBH) Market
8.5. Europe Power by the Hour (PBH) Market Snapshot
8.5.1. U.K. Power by the Hour (PBH) Market
8.5.2. Germany Power by the Hour (PBH) Market
8.5.3. France Power by the Hour (PBH) Market
8.5.4. Spain Power by the Hour (PBH) Market
8.5.5. Italy Power by the Hour (PBH) Market
8.5.6. Rest of Europe Power by the Hour (PBH) Market
8.6. Asia-Pacific Power by the Hour (PBH) Market Snapshot
8.6.1. China Power by the Hour (PBH) Market
8.6.2. India Power by the Hour (PBH) Market
8.6.3. Japan Power by the Hour (PBH) Market
8.6.4. Australia Power by the Hour (PBH) Market
8.6.5. South Korea Power by the Hour (PBH) Market
8.6.6. Rest of Asia Pacific Power by the Hour (PBH) Market
8.7. Latin America Power by the Hour (PBH) Market Snapshot
8.7.1. Brazil Power by the Hour (PBH) Market
8.7.2. Mexico Power by the Hour (PBH) Market
8.8. Middle East & Africa Power by the Hour (PBH) Market
8.8.1. Saudi Arabia Power by the Hour (PBH) Market
8.8.2. South Africa Power by the Hour (PBH) Market
8.8.3. Rest of Middle East & Africa Power by the Hour (PBH) Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Lufthansa Technik AG
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Rolls-Royce plc
9.3.3. United Technologies Corporation
9.3.4. MTU Aero Engines AG
9.3.5. Textron Inc
9.3.6. A J Walter Aviation Limited
9.3.7. General Electric Aviation
9.3.8. Singapore Technologies Engineering Ltd
9.3.9. SIA Engineering Company Ltd
9.3.10. EFTEC UK Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
List of Tables
TABLE 1. Global Power by the Hour (PBH) Market, report scope
TABLE 2. Global Power by the Hour (PBH) Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Power by the Hour (PBH) Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Power by the Hour (PBH) Market estimates & forecasts by Platform 2020-2030 (USD Billion)
TABLE 5. Global Power by the Hour (PBH) Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Power by the Hour (PBH) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Power by the Hour (PBH) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power by the Hour (PBH) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power by the Hour (PBH) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power by the Hour (PBH) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power by the Hour (PBH) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power by the Hour (PBH) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power by the Hour (PBH) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power by the Hour (PBH) Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power by the Hour (PBH) Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Power by the Hour (PBH) Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Power by the Hour (PBH) Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Power by the Hour (PBH) Market
TABLE 71. List of primary sources, used in the study of global Power by the Hour (PBH) Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Power by the Hour (PBH) Market, research methodology
FIGURE 2. Global Power by the Hour (PBH) Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Power by the Hour (PBH) Market, key trends 2022
FIGURE 5. Global Power by the Hour (PBH) Market, growth prospects 2023-2030
FIGURE 6. Global Power by the Hour (PBH) Market, porters 5 force model
FIGURE 7. Global Power by the Hour (PBH) Market, pest analysis
FIGURE 8. Global Power by the Hour (PBH) Market, value chain analysis
FIGURE 9. Global Power by the Hour (PBH) Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Power by the Hour (PBH) Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Power by the Hour (PBH) Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Power by the Hour (PBH) Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Power by the Hour (PBH) Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Power by the Hour (PBH) Market, regional snapshot 2020 & 2030
FIGURE 15. North America Power by the Hour (PBH) Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Power by the Hour (PBH) Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia pacific Power by the Hour (PBH) Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Power by the Hour (PBH) Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Power by the Hour (PBH) Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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