Europe Aerospace And Defense Mro Market Size & Outlook
Europe aerospace and defense mro market, 2018-2030 (US$M)
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Europe aerospace and defense mro market highlights
- The Europe aerospace and defense mro market generated a revenue of USD 29,409.1 million in 2021.
- The market is expected to grow at a CAGR of 3.6% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 29,409.1 million |
| Market revenue in 2030 | USD 40,442.8 million |
| Growth rate | 3.6% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.5% of the global aerospace and defense mro market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 71,044.3 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 36.07% in 2021. Horizon Databook has segmented the Europe aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the most liberalized regions in terms of civil aviation regulations and activities undertaken by the European Union member states. It is a mature re-fleeting market, whereas China, the Middle East, and Asia Pacific are being powered by strong fleet growth on the back of rising GDP and a growing middle-class income.
European aerospace and defense MRO industry is more integrated and regulated by cross-border ownerships and manufacturing networks. European companies have been quite successful over the last two decades and have gained market share globally in civil aircraft and helicopter MRO markets.
Tier 1 and Tier 2 aerospace companies such Airbus and Rolls-Royce plc have operations in several countries with advanced MRO capabilities. The presence of these companies makes it one of the leading regions for aerospace industry.
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe aerospace and defense mro market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aerospace and defense mro market size, by country, 2018-2030 (US$M)
Europe Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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