The global aviation MRO logistics market is accounted to register a CAGR of 18.60% during the forecast period and is estimated to reach USD 10.6 billion by 2032.
The aviation MRO (Maintenance, Repair, and Overhaul) logistics market is a crucial part of the aviation industry. It involves the transportation and distribution of aviation MRO components and equipment to ensure that aircraft are maintained and repaired in a timely and efficient manner.
The aviation MRO logistics market is a vital component of the aviation industry, ensuring that aircraft are maintained and repaired in a timely and efficient manner. The market is witnessing significant growth across the globe, driven by the increasing demand for air travel, the emergence of new logistics companies, and the adoption of advanced technology to streamline logistics operations.
Segment Analysis
The global aviation MRO logistics market has been segmented based on end user.
On the basis of end user, the market is segmented into civil aviation, military aviation, and business aviation. The civil aviation segment was attributed to holding the largest market share in 2022
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Regional Analysis
The global aviation MRO logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe aviation MRO logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The aviation MRO logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World aviation MRO logistics market comprises of Middle East, Africa, and Latin America.
The largest market share for aviation MRO logistics was maintained by the North American regional sector. The market in North America had a value of USD 1 billion in 2022. The U.S. topped the sector in 2022 with the greatest market share. Players in the market including ATP Inc., Oracle Corporation, and IBM Corporation are anticipated to drive market growth in the United States with plans for both local and international expansion. In February 2022, IBS Software and Lynx Air announced that they would be working together to create the iFlight digital platform, which would streamline the management of flight and crew operations.
The size of the European market is expected to grow moderately as a result of an increase in passenger air traffic. The existence of well-known OEMs and major players like Lufthansa Technik and Swiss Aviation Software has a big impact on the market’s growth. MRO companies like Cromwell Group (Holdings) Ltd., Graco Inc., WABCO, Mento AS, Valeo Service U.K. Ltd., and other important MRO players enable maintenance software installations. businesses that provide software for aviation maintenance are engaging into agreements and contracts with significant maintenance businesses. MRO software providers use this to optimize the MRO facilities and provide services that are both affordable and efficient.
The market in Asia Pacific is predicted to grow at the highest CAGR during the forecast period. From a technical perspective, digitization is enhancing base management, operation management, and line management for the aviation industry in this field. Therefore, higher growth rates are expected during the predicted period. It is anticipated that market expansion in China will be fueled by an increase in the aviation fleet for domestic and international routes into and out of that country during the projected timeframe. In December 2019, CASL (China Aircraft Services Ltd.) selected the aviation MRO platform for its various maintenance activities.
Furthermore, the rest of the world’s aviation MRO logistics market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region’s rising use of electric vehicles and hydrogen production research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
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Key Findings of the Study
Key Players
The following companies as the key players in the global aviation MRO logistics market—CMA CGM S.A., Deutsche Bahn AG, Deutsche Post AG, DSV Panalpina A/S, Expeditors International of Washington Inc., Fedex Corp., Kuehne + Nagel International AG, Nippon Express Co. Ltd., SEKO Logistics, United Parcel Service Inc.
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