REPORT OVERVIEW
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The global aviation mro logistics market size was USD 10260 million in 2021. As per our research, the market is expected to reach USD 13270 million in 2028, exhibiting a CAGR of 3.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the aviation mro logistics industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The management of the supply chain and operational procedures involved in maintaining, repairing, and overhauling aircraft and their components is referred to as aviation MRO (Maintenance, Repair, and Overhaul) logistics. This entails duties including locating replacement components, keeping track of inventories, organizing transportation, and guaranteeing prompt delivery of supplies to repair facilities. To reduce downtime, guarantee aircraft safety, and maintain seamless airline operations, MRO logistics must be effective. The identification and sourcing of the necessary materials, materials, and components for aircraft is one of the main responsibilities of aviation MRO logistics.
In order to guarantee the availability of genuine and approved parts, this means collaborating with multiple suppliers and manufacturers. When choosing suppliers, the logistics team must take into account elements like price, lead time, quality, and availability. In order to prevent aircraft downtime, effective inventory management is crucial. MRO logistics workers need to strike a balance between not overstocking, which ties up capital and raises storage costs, and having enough spare parts to meet maintenance needs.
COVID-19 Impact: Industry Shutdown Causes Market Distortion
The COVID-19 outbreak caused problems for manufacturers of services materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. The sourcing of raw materials, packaging, and distribution are all parts of the global supply chain. Due to lockdowns, moving commodities, labels, and other items has become difficult. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for services. The pandemic altered the dynamics of the industry, compelling organizations to redesign every aspect of their operational frameworks in order to preserve stability amidst the disturbances. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall services industry. This has partially impacted the aviation mro logistics market.
LATEST TRENDS
"Digitalization and Data Analytics to Boost the Market Growth"
Digitalization and data analytics have been playing a crucial role in transforming the Aviation MRO Logistics industry. Data analytics is being used by airlines and MRO suppliers to forecast when maintenance is required. They can anticipate possible problems before they cause interruptions by analyzing sensor data and historical maintenance records, which minimizes downtime and increases aircraft availability. By examining previous consumption patterns, maintenance schedules, and lead times, digital solutions can help to maximize inventory levels. This lowers costs and ensures timely availability while preventing overstocking or understocking of essential parts. Real-time visibility into the flow of parts and components across the supply chain is made possible by digital systems. Thus, during the forecast period, the aforementioned factors are anticipated to fuel market growth. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is increasing digitalization and data analytics. These new developments are mostly to blame for the market's overall growth.
SEGMENTATION
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- By Types
Based on type, the market is classified into Order Fulfillment & Inventory Management.
- By Application
Based on the market is categorized into Civil Aviation, Military Aviation & Business Aviation.
DRIVING FACTORS
"Air Travels that Give the Market Extra Boost"
The growth of air travel is the main driver driving the industry. The wear and tear on aircraft parts increases as the number of flights and passengers climbs. This increases the need for maintenance, repair, and overhaul services, which in turn necessitates effective logistics for the prompt shipping of equipment and spare parts. As there are more flights, there are more takeoff, flying, and landing cycles for the aircraft. This leads to more frequent maintenance needs, which calls for a well-organized logistics network to guarantee ongoing availability of resources and parts. Schedules for maintenance checks in between flights are frequently shortened as a result of the expansion of air travel. Logistics for aviation MRO are essential for making sure that maintenance tasks are carried out as planned. The need for improved spare parts inventory management arises from increased air travel. Airlines must balance maintaining an adequate supply of inventory to meet maintenance requirements with avoiding overstocking. As a result, the growth, and the increasing demand for air travels will boost the industry. It will contribute to the expansion of the services industry and it will improve the aviation mro logistics market growth.
"Technological Advancement to Encourage Market Expansion"
Advancements in technology have significantly transformed the Aviation MRO Logistics industry, enhancing efficiency, accuracy, and overall operations. Aircraft systems incorporate Internet of Things (IoT) devices and sensors to gather real-time data on component consumption, performance, and health. This information is utilized to forecast maintenance requirements, enhance logistics, and enhance fleet management as a whole. Large datasets are analyzed to find patterns using advanced analytics and artificial intelligence. Predictive analytics improve inventory levels, foresee repair needs, and streamline logistics planning. With digital twins, components and aeroplanes are virtually recreated. They enable maintenance personnel to mimic various scenarios, spot possible problems, and more skillfully schedule maintenance operations. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.
RESTRAINING FACTORS
"Supply Chain Disruption to Impede Market Expansion"
Supply chain disruption is the market restraint factor. MRO logistics may be impacted by supply chain hiccups like late part deliveries, traffic congestion, or geopolitical events, which may hinder the capacity to complete repairs on schedule. This factor is preventing market growth. This might be a serious problem that prevents market growth. If this issue is resolved, the market will immediately begin to expand.
REGIONAL INSIGHTS
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"North America Dominating the Market Across the Globe"
The largest consumer of the product, North America has profited from the market for aviation mro logistics due to the region's rising industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in civil aviation, military aviation, and business aviation is one of the primary factors driving the aviation mro logistics market share. Rapid urbanization trends will further strengthen the market as a whole.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- FedEx (U.S.)
- United Parcel Service (U.S.)
- Deutsche Post DHL Group (Germany)
- DB Schenker (Germany)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost aviation mro logistics industry share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 10260 Million in 2021 |
Market Size Value By |
US$ 13270 Million by 2028 |
Growth Rate |
CAGR of 3.7% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the aviation MRO logistics market expected to touch by 2028?
Based on our research, the aviation MRO logistics industry is projected to touch USD 13270 million by 2028.
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What CAGR is the aviation MRO logistics market expected to exhibit by 2028?
The aviation MRO logistics market is expected to exhibit a CAGR of 3.7% by 2028.
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Which are the driving factors of the aviation MRO logistics market?
Air travels that give the aviation MRO logistics market extra boost & technological advancement to encourage aviation MRO logistics market expansion.
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What is the restraining factor of the aviation MRO logistics market?
Supply chain disruption to impede aviation MRO logistics market expansion.