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Asia Pacific Engine MRO Market - Revenue Opportunities and Stakeholder Mapping

  • Publication Date:December 2010
  • Publisher:Frost & Sullivan
  • Product Type: Report
  • Pages:85

Asia Pacific Engine MRO Market - Revenue Opportunities and Stakeholder Mapping

The civil maintenance, repair, and overhaul (MRO) market is segmented into airframe heavy maintenance, engine overhaul, component MRO and line maintenance. Engine MRO accounted for the largest share of the MRO market. There are several key challenges that the engine MRO market is facing today, following the global economic crisis, along with the hike in fuel prices and several other external factors that dampened market growth.   

This Frost & Sullivan research service titled Asia Pacific Engine MRO Market - Revenue Opportunities and Stakeholder Mapping examines engine maintenance, repair and overhaul (MRO) in the airlines industry in the Asia Pacific region. Business opportunities, competitor positioning and market behaviour are some of the issues discussed in this study. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: original equipment manufacturers (OEMs), operators, third-party airlines and independent providers.


Market Overview

Engine MRO, the Largest Segment of the Asia Pacific MRO Market, Set to Grow at a Compound Annual Growth Rate of 5 per cent with Increasing Air Traffic

The global economic downturn along with the hike in fuel prices and other external factors such as European ash cloud had dampened the growth of the aviation industry in 2010. This led to the grounding of several aircraft, causing a dip in the engine MRO market. “During 2008 and 2009, the Asia Pacific engine MRO market experienced rising demand but declined in 2010 due to the effects of the downturn catching up,” observes the analyst of this research service. “The scenario is expected to change in the next five years with the market expected to grow at a compound annual growth rate (CAGR) of 5 per cent, spurred by the increase in aircraft deliveries and air traffic.” Therefore, it is important for engine service providers to implement plans and strategies to cater to this expected rise in demand.

Air passenger traffic has a direct relationship with fleet utilisation, which in turn results in a greater need for engine MRO. In 2009, the engine MRO, which is the largest segment in the MRO market accounted for 40 percent of MRO activities, worldwide. “However, as airlines have been acquiring new high-cost engines for the A380 and the B787 Dreamliner, they have inadequate funds for the upgrade and maintenance of their aircraft engines,” says the analyst of this research. “Therefore, airlines procure replacement parts from the parts manufacturer approval (PMA), which are lower-priced parts that are manufactured or designed by companies that are not original manufacturers (OEMs).”

Despite these challenges, robust growth in the air traffic of low-cost carriers has created business opportunities in the engine MRO market. New market participants could partner with airlines to set up engine MRO facilities to leverage their technical and management expertise, with lower resource and shared costs, to maximise profits. Existing market participants could consider expanding their engine hubs in the region to prevent service shortage, as air traffic is expected to grow.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

  • Original equipment manufacturers
  • Operators
  • Third-party airlines
  • Independent providers

1. Executive Summary

2. Market Coverage
   2.1 Introduction
   2.2 Competitive Analysis
   2.3 Key Findings
   2.4 Recommendation
   2.5 Conclusion

3. MRO Market Overview
   3.1 MRO Market Overview and Definitions
   3.2 MRO Revenues
   3.3 MRO Market Forecasts
   3.4 PMA Market

4. Engine MRO Market Overview
   4.1 Engine MRO Market Overview and Definitions
   4.2 Global Engine MRO Market
   4.3 Global Engine MRO Supply
   4.4 Asia Pacific Engine MRO Supply
   4.5 Asia Pacific Engine MRO Cost Structure

5. Analysis of the Asia Pacific Engine MRO Market
   5.1 Macro Industrial Influences
   5.2 Engine MRO Market Engineering
   5.3 Industry Challenges
   5.4 Market Drivers
   5.5 Market Restraints
   5.6 Engine MRO Revenue Forecasts
   5.7 PESTLE Analysis

6. Asia Pacific Aircraft Analysis
   6.1 Aircraft Overview
   6.2 Aircraft Composition by Airlines
   6.3 Aircraft Forecasts and Trends

7. Asia Pacific Aircraft Storage Analysis
   7.1 Grounded Aircraft –Overview
   7.2 Grounded Aircraft Aged Below 15 Years Old

8. Asia Pacific Aircraft Engine MRO - Country Analysis
   8.1 Engine MRO –Market Category
   8.2 Engine MRO –Country Analysis

9. Competitors and Key Participants
   9.1 Competitive Structure
   9.2 Original Equipment Manufacturers
   9.3 Engine Overhaul –Independent/Third Party/Operator
   9.4 APU Overhaul –Independent/Third Party/Operator
   9.5 Engine Repair –Independent/Third Party/Operator

10. Conclusion and Strategic Recommendations
   10.1 Conclusion
   10.2 Strategic Recommendations


List of Figures
MRO Market: Revenues by Segment (World), 2009
MRO Market: Forecasts by Region (World), 2009-2016
Engine MRO Market: Engine Share (World), 2009
Engine MRO Market: Market Drivers Ranked in Order of Impact (Asia Pacific), 2010-2016
Engine MRO Market: Market Restraints Ranked in Order of Impact (Asia Pacific), 2010-2016
Engine MRO Market: Revenue Forecasts (Asia Pacific), 2006-2016
Engine MRO Market: Competitive Structure (Asia Pacific), 2009

LOC:
Engine MRO Market: Market Coverage (Asia Pacific), 2009
MRO Market: Percent of Spending by Region (World), 2009
MRO Market: Percent of Revenues by Segment (World), 2009
Engine MRO Market: Engine Overhaul Demand (World), 2009
Engine MRO Market: Percent of Demand by Region (World), 2009
Engine MRO Market: Air Transport Engine Supply (World), 2009
Engine MRO Market: General Aviation Engine Supply (World), 2009
Engine MRO Market: Cost of Production (Asia Pacific), 2009
Engine MRO Market: Real GDP Growth (Asia Pacific), 2008-2011
Engine MRO Market: Yearly Crude Oil Price (World), 1997-2010
Engine MRO Market: Market Engineering Measurements (Asia Pacific), 2009
Engine MRO Market: Industry Challenges (Asia Pacific), 2010-2016
Engine MRO Market: Revenue Forecasts (Asia Pacific), 2006-2016
Engine MRO Market: Aircraft Size (Asia Pacific), 2009
Engine MRO Market: Wide-body Aircraft Composition by Airlines (Asia Pacific), 2009
Engine MRO Market: Narrow-body Aircraft Composition by Airlines (Asia Pacific), 2009
Engine MRO Market: Regional Jet Aircrafts Composition by Airlines (Asia Pacific), 2009
Engine MRO Market: Regional Turboprops Aircraft Composition by Airlines (Asia Pacific), 2009
Engine MRO Market: Aircraft Size Forecasts (Asia Pacific), 2016
Engine MRO Market: Number of Aircraft in Storage (Asia Pacific), 2010
Engine MRO Market: Aircrafts Aged Below 15 Years Old in Storage by Type (Asia Pacific), 2010
Engine MRO Market: Percent of Engines Supplied by OEM (Asia Pacific), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (Australia), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (Hong Kong), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (Japan), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (New Zealand), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (Singapore), 2009
Engine MRO Market: Percent of Engines Supplied by OEM (Taiwan), 2009

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