Commercial MRO Market in Japan, S. Korea, and China, 2019

Commercial MRO Market in Japan, S. Korea, and China, 2019

Commercial MRO Market Spending Hovers Around USD 13.0 Billion among Top-3 Nations of NE Asia in 2019

RELEASE DATE
11-Feb-2020
REGION
Asia Pacific
Research Code: PA80-01-00-00-00
SKU: AE01381-AP-MR_24008

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Description

This study aims to evaluate the commercial aircraft fleet and spending on MRO services among the top 3 Northeast Asian nations consisting of China, South Korea, and Japan boasting a combined airline fleet size of close to 5,000 aircraft at the end of 2019. The study focuses on the fleet and MRO spending comparisons among these top 3 N.E. Asian nations. It further delves into the fleet patterns by country comprising narrow-body, wide-body, and regional jets. MRO market trends and opportunity areas in terms of fleet types and corresponding MRO service areas such as Line, Airframe, Engine, and Component Maintenance have been outlined by country and aircraft fleet types. This research service discusses the changing commercial fleet dynamics in N.E. Asia including strategic imperatives for airlines, MROs, and OEMs in the aftermarket; trends in commercial aircraft fleet in N.E. Asia; commercial aircraft fleet size in N.E. Asia by aircraft OEM; commercial aircraft fleet size in N.E. Asia by aircraft category, type, and aircraft model. The commercial airline market is experiencing excellent year-on-year growth owing to the healthy economic progress, rising middle-class population, and increased consumer expenditure, which translates to better passenger traffic growth. With low fuel prices, older aircraft can be kept flying longer thereby keeping the MRO market buoyant. The N.E Asian region is receiving more new deliveries of A320 NEOs and Boeing B737 NGs as the preferred aircraft model of low-cost carriers; hence many MRO service providers are concentrating on building their capabilities on narrow-body aircraft. China has the largest aircraft fleet size and MRO expenditure remains the highest across among the countries within the region. Its competitive offerings are in terms of lower pricing against its competitors and capacity advantage to accommodate a large fleet owing to a large number of maintenance hangars and presence of international collaborations with global OEMs. MRO spending for Japan-registered aircraft is higher than that of S. Korea, although much smaller than China. Advances in technology adoption have given the country a competitive edge against its rivals in providing high-quality maintenance work. The study also focuses on the commercial MRO market measurements, which further includes trends in MRO business of the N.E. Asian region, MRO spending by aircraft manufacturer, MRO spending by MRO segments, and MRO Country Benchmarking Index. Furthermore, the study offers a detailed discussion on the N.E. Asian commercial MRO market outlook including company profiles of selected market participants in each country, growth opportunity in the commercial MRO market, key highlights of the industry, and strategic imperatives for MRO companies, airlines, and OEMs in the aftermarket. Finally, the study provides strategic growth opportunities in the aftermarket as well as the 3 key predictions.

Author: Shantanu Gangakhedkar

RESEARCH: INFOGRAPHIC

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Table of Contents

Executive Summary—Key Findings

Executive Summary—The MRO Industry in N.E. Asia

Executive Summary—Fleet and Spending Comparison

Research Scope & Methodology

Research Aims and Objectives

Key Questions this Study will Answer

Commercial Aviation Fleet Segmentation

Commercial Aviation MRO Segmentation

Trends in Commercial Aircraft Fleet in Japan, S. Korea, and China

Commercial Aircraft Fleet Size in Japan, S. Korea, and China by Aircraft OEM

Commercial Aircraft Fleet Size in Japan, S. Korea, and China by Aircraft OEM Category

Commercial Aircraft Fleet Size in Japan, S. Korea, and China by Aircraft OEM, Category and Type—2019

Trends in Commercial Aircraft MRO in Japan, S. Korea, and China

Commercial Aircraft MRO Spending in Japan, S. Korea, and China by Aircraft OEM

Commercial Aircraft MRO Spending in China, Japan, and S. Korea by Aircraft OEM and Category—2019

Commercial Aircraft MRO Spending in China, Japan, and S. Korea by Aircraft Family—2019

Commercial Aircraft MRO Spending in Japan, S. Korea, and China by MRO Segment

Commercial Aircraft MRO Spending by MRO Segment—Airframe

Commercial Aircraft MRO Spending by MRO Segment—Engine

Commercial Aircraft MRO Spending by MRO Segment—Line

Commercial Aircraft MRO Spending by MRO Segment—Modifications

Commercial Aircraft MRO Spending by MRO Segment—Components

Commercial Aircraft MRO Spending Comparison

Key Commercial MRO Company Profiles—China

Key Commercial MRO Company Profiles—China (continued)

Key Commercial MRO Company Profiles—Japan

Key Commercial MRO Company Profiles—Japan (continued)

Key Commercial MRO Company Profiles—S. Korea

Key Commercial MRO Company Profiles—S. Korea (continued)

Growth Opportunities—Key Highlights of MRO Industry

Strategic Imperatives for MRO Companies, Airlines, and OEMs

3 Big Predictions

Legal Disclaimer

List of Abbreviations

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
This study aims to evaluate the commercial aircraft fleet and spending on MRO services among the top 3 Northeast Asian nations consisting of China, South Korea, and Japan boasting a combined airline fleet size of close to 5,000 aircraft at the end of 2019. The study focuses on the fleet and MRO spending comparisons among these top 3 N.E. Asian nations. It further delves into the fleet patterns by country comprising narrow-body, wide-body, and regional jets. MRO market trends and opportunity areas in terms of fleet types and corresponding MRO service areas such as Line, Airframe, Engine, and Component Maintenance have been outlined by country and aircraft fleet types. This research service discusses the changing commercial fleet dynamics in N.E. Asia including strategic imperatives for airlines, MROs, and OEMs in the aftermarket; trends in commercial aircraft fleet in N.E. Asia; commercial aircraft fleet size in N.E. Asia by aircraft OEM; commercial aircraft fleet size in N.E. Asia by aircraft category, type, and aircraft model. The commercial airline market is experiencing excellent year-on-year growth owing to the healthy economic progress, rising middle-class population, and increased consumer expenditure, which translates to better passenger traffic growth. With low fuel prices, older aircraft can be kept flying longer thereby keeping the MRO market buoyant. The N.E Asian region is receiving more new deliveries of A320 NEOs and Boeing B737 NGs as the preferred aircraft model of low-cost carriers; hence many MRO service providers are concentrating on building their capabilities on narrow-body aircraft. China has the largest aircraft fleet size and MRO expenditure remains the highest across among the countries within the region. Its competitive offerings are in terms of lower pricing against its competitors and capacity advantage to accommodate a large fleet owing to a large number of maintenance hangars and presence of international collaborations with global OEMs. MRO spending for Japan-registered aircraft is higher than that of S. Korea, although much smaller than China. Advances in technology adoption have given the country a competitive edge against its rivals in providing high-quality maintenance work. The study also focuses on the commercial MRO market measurements, which further includes trends in MRO business of the N.E. Asian region, MRO spending by aircraft manufacturer, MRO spending by MRO segments, and MRO Country Benchmarking Index. Furthermore, the study offers a detailed discussion on the N.E. Asian commercial MRO market outlook including company profiles of selected market participants in each country, growth opportunity in the commercial MRO market, key highlights of the industry, and strategic imperatives for MRO companies, airlines, and OEMs in the aftermarket. Finally, the study provides strategic growth opportunities in the aftermarket as well as the 3 key predictions. Author: Shantanu Gangakhedkar
More Information
No Index No
Podcast No
Author Shantanu Gangakhedkar
Industries Aerospace, Defence and Security
WIP Number PA80-01-00-00-00
Is Prebook No
GPS Codes 9000-A1