Aerospace MRO in Europe
Summary
Aerospace MRO in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions that have the objective of retaining or restoring the items or components of an aircraft.
- The European aerospace MRO market had total revenues of $17,792.1 million in 2023, representing a negative compound annual growth rate (CAGR) of 2.8% between 2018 and 2023.
- The civil aerospace segment accounted for the market's largest proportion in 2023, with total revenues of $15,692.1 million, equivalent to 88.2% of the market's overall value.
- The European aerospace MRO market experiences robust growth driven by several interconnected factors, such as increasing defense spending, aging aircraft fleets, and stringent regulatory requirements. The upswing in defense spending enhances the need for MRO in military aviation assets, highlighting the market's resilience. For instance, according to GlobalData, European government spending in the defense sector stood at $357.3 billion in 2023, an increase of 7% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace mro market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace mro market in Europe
- Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe aerospace mro market with five year forecasts
- What was the size of the Europe aerospace mro market by value in 2023?
- What will be the size of the Europe aerospace mro market in 2028?
- What factors are affecting the strength of competition in the Europe aerospace mro market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe's aerospace mro market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. Has there been any recent development in the market?
- 8 Company Profiles
- 8.1. Airbus SE.
- 8.2. Deutsche Lufthansa AG
- 8.3. Air France-KLM SA
- 8.4. MTU Aero Engines AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Europe aerospace mro market value: $ million, 2018-23
- Table 2: Europe aerospace mro market category segmentation: % share, by value, 2018-2023
- Table 3: Europe aerospace mro market category segmentation: $ million, 2018-2023
- Table 4: Europe aerospace mro market geography segmentation: $ million, 2023
- Table 5: Europe aerospace mro market value forecast: $ million, 2023-28
- Table 6: Airbus SE.: key facts
- Table 7: Airbus SE.: annual financial ratios
- Table 8: Airbus SE.: key employees
- Table 9: Airbus SE.: key employees Continued
- Table 10: Deutsche Lufthansa AG: key facts
- Table 11: Deutsche Lufthansa AG: annual financial ratios
- Table 12: Deutsche Lufthansa AG: key employees
- Table 13: Deutsche Lufthansa AG: key employees Continued
- Table 14: Air France-KLM SA: key facts
- Table 15: Air France-KLM SA: annual financial ratios
- Table 16: Air France-KLM SA: key employees
- Table 17: Air France-KLM SA: key employees Continued
- Table 18: MTU Aero Engines AG: key facts
- Table 19: MTU Aero Engines AG: annual financial ratios
- Table 20: MTU Aero Engines AG: key employees
- Table 21: Europe size of population (million), 2019-23
- Table 22: Europe gdp (constant 2005 prices, $ billion), 2019-23
- Table 23: Europe gdp (current prices, $ billion), 2019-23
- Table 24: Europe inflation, 2019-23
- Table 25: Europe consumer price index (absolute), 2019-23
- Table 26: Europe exchange rate, 2019-23
- List of Figures
- Figure 1: Europe aerospace mro market value: $ million, 2018-23
- Figure 2: Europe aerospace mro market category segmentation: $ million, 2018-2023
- Figure 3: Europe aerospace mro market geography segmentation: % share, by value, 2023
- Figure 4: Europe aerospace mro market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the aerospace mro market in Europe, 2023
- Figure 6: Drivers of buyer power in the aerospace mro market in Europe, 2023
- Figure 7: Drivers of supplier power in the aerospace mro market in Europe, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the aerospace mro market in Europe, 2023
- Figure 9: Factors influencing the threat of substitutes in the aerospace mro market in Europe, 2023
- Figure 10: Drivers of degree of rivalry in the aerospace mro market in Europe, 2023
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