The Global Civil Helicopter Maintenance, Repair, and Overhaul (MRO) market is projected to grow from a valuation of $4.8 billion in 2022 to $6.72 billion by 2028, according to a recent study by RationalStat. The report reveals that the market is expected to expand at a Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period from 2023 to 2028. This growth is attributed to the increasing use of helicopters across various industries such as EMS, search and rescue, law enforcement, offshore oil and gas, tourism, and corporate transportation.
Maintenance, Repair, and Overhaul (MRO) services on civil helicopters are essential for ensuring their safety, airworthiness, and operational reliability. These services play a crucial role in maintaining the helicopters' condition, extending their operating life, and meeting regulatory requirements. The MRO market encompasses a range of maintenance and repair procedures performed regularly or as needed during a helicopter's lifecycle.
RationalStat's comprehensive market assessment analyzes the Global Civil Helicopter MRO Market based on various segments including type, application, and geography. The report offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
In terms of type, the airframe heavy maintenance category dominated the market due to activities required to keep an aircraft airworthy. By application, the commercial segment held a 55% share of the market in 2022. This development is credited to the high concentration of commercial helicopters in various countries.
Key industry players contributing significantly to the global civil helicopter MRO market growth include Transwest Helicopters, Mid-Canada Mod Center, Russian Helicopter, Robinson Helicopter, RUAG Aviation, Honeywell (NASDAQ:HON) Aerospace, Pratt & Whitney, MTU Maintenance, Sikorsky Aircraft, Bell Helicopter, and Leonardo S.p.A., among others. These companies have been adopting various strategies such as mergers & acquisitions, partnerships and collaborations, and product launches to reinforce their market share and gain a competitive edge.
For instance, in 2021, The Helicopter Company (THC) announced a second purchase deal with Airbus Helicopters resulting in twenty orders for the five-bladed H145 and six ACH160 versions.
RationalStat's report provides detailed insights into the global civil helicopter MRO market including demand assessment across key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data along with key developments across the industry.
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