Europe Aircraft MRO Market Share

Market Share of Europe Aircraft MRO Industry

Some of the prominent players in the Europe aircraft MRO market are Rolls-Royce Holding PLC, TAP Maintenance & Engineering, Lufthansa Technik AG, BAE Systems PLC, and Airbus SE. There are several airlines in the region with MRO verticals that support their airline fleet. MRO providers are introducing new technology maintenance inspection methods to decrease the execution time for maintenance tasks. The quick maintenance will allow the maintenance providers to decrease the turnaround time of the aircraft. In 2019, Airbus introduced Drone and Augmented Reality inspections that have been jointly developed by Airbus with military service for inspections of Airbus-built A400M aircraft. Also, mergers and acquisitions have been witnessed in the MRO market owing to reduced revenue in the market due to the pandemic. For instance, in February 2020, Collins Aerospace and Lufthansa Technik signed an A320neo nacelle MRO license agreement. This partnership will enable the airlines to receive much more economic aftermarket services for MRO services.

Europe Aircraft MRO Market Leaders

1. Rolls-Royce Holding PLC

2. TAP Maintenance & Engineering

3. Lufthansa Technik AG

4. BAE Systems PLC

5. Airbus SE

*Disclaimer: Major Players sorted in no particular order