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Data Center Busway Market is Forecasted to Reach US$ 9.4 Billion in 2031, Says Stratview Research
Detroit, June 20, 2025 (GLOBE NEWSWIRE) -- The global data center busway market size was valued at US$ 3.2 billion in 2024 and is projected to reach US$ 9.4 billion by 2031, witnessing a market growth CAGR of 16.3% from 2024 to 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global data center busway market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Market Statistics Market Size in 2024 US$ 3.2 billion Market Size in 2031 US$ 9.4 billion Growth (CAGR) 16.3% during 2024-2031 Cumulative Sales Opportunity 2025 to 2031 US$ 54.5 billion Leading Product Type Track busway Leading Voltage Type Low-voltage busway Leading Data Center Type Colocation data centers Leading Region North America Forecast Period 2024-2031 Trend Period 2018-2022 Base Year 2023 Number of Segments Covered 4 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights & Market Share Analysis of the Data Center Busway Market: The global data center busway market is segmented based on product type, voltage type, data center type, and region. Based on product type – The data center busway market is classified into sandwich-style busway, track busway, and air-insulated busway based on product type. Sandwich-style busways are estimated to remain dominant in the forecasted period. The dominance of sandwich-style busways is attributed to their compact size, improved power density, and better thermal performance, allowing them to be the first choice for large-capacity and high-power data centers. Track busways are estimated to grow at the highest rate, owing to benefits like future expansion compatibility and easier installation. On the other hand, the most rapid growth is powered by its scalability, modular nature, and ease of expansion. With the increasing adoption of AI and cloud computing, data centers increasingly need more flexible and easily reconfigurable power distribution solutions, thereby driving the demand for track busways. Based on voltage type – The market is segmented into low-voltage and medium-voltage busways. The low-voltage busway is expected to generate the most demand, as it is widely employed within distribution networks and data halls to meet the power needs of IT equipment and racks. However, the medium-voltage busway is the most rapidly developing category, and it is fueled by the increasing power requirements of hyperscale and AI-based data centers, which need high-capacity power distribution systems for effective management of growing loads. As data centers grow in density and scale, the adoption of medium-voltage busway is gaining traction due to advantages like minimized transmission loss, better power efficiency, and greater next-generation scalability. To know the most attractive segments, click here for a free sample of the report: Which region shows the most promising growth forecast and opportunity? The analysis suggests that North America is expected to remain the largest market. This growth outlook is mainly attributed to the following– The high density of hyperscale data centers, sophisticated digital infrastructure, and the pronounced presence of major cloud services in the form of AWS, Microsoft, and Google. Strict regulations regarding energy efficiency and sustainability fuel the use of cutting-edge power distribution solutions like busways in data centers throughout the region. Likewise, Asia-Pacific is experiencing the fastest growth, propelled by accelerated digitalization, enhanced cloud adoption, and heavy data center infrastructure investment in China, India, and Southeast Asia. The growth in AI workloads, hyperscale facility expansion, and government-sponsored data localization drive the demand for high-efficiency power distribution technologies such as busways even higher, making the Asia-Pacific a major growth driver in the international market. Data Center Busway Market Drivers: Some of the key drivers listed in the report are given below. The growing demand for scalable and energy-efficient power distribution in data centers is a key driver for the busway market. As businesses increasingly rely on cloud computing, big data, and AI-driven applications, data centers must expand rapidly while ensuring optimal energy management. Busway systems offer a modular and flexible solution, reducing downtime and installation costs compared to traditional cable-based power distribution. Their ability to enhance power density, minimize heat loss, and improve operational efficiency makes them an attractive choice for modern IT infrastructures. Competitive Landscape: Top 10 Companies in the Data Center Busway Market: The market is highly consolidated, with 5-6 players dominating more than 75% of the market. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players: Schneider Electric SE ABB Company Vertiv Holdings Co. Eaton Corporation PLC Siemens AG Legrand Group Cummins Inc. Mitsubishi Electric Company S&C Electric Company, Inc. Delta Electronics Inc. What Deliverables Will You Get in This Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Data Center Busway Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Data Center Routers Market Data Center Switchgear Market About us – Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just an email away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
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12 hours ago
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Data Center Filters Market is Forecasted to Reach US$ 417 Million in 2031, Says Stratview Research
Detroit, June 20, 2025 (GLOBE NEWSWIRE) -- The global data center filters market size was valued at US$ 255 million in 2024, and is projected to reach US$ 417 million by 2031, witnessing a market growth CAGR of 5.9% from 2025 to 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global data center filters market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Market Statistics Market Size in 2024 US$ 255 million Market Size in 2031 US$ 417 million Growth (CAGR) 5.9% during 2025-2031 Cumulative Sales Opportunity 2025 to 2031 US$ 2.5 Billion Leading Filter Type HEPA filters Leading Material Type Synthetic materials Leading Data Center Type Colocation data centers Leading Region North America Forecast Period 2025-2031 Trend Period 2019-2023 Base Year 2024 Number of Segments Covered 4 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights & Market Share Analysis of the Data Center Filters Market: The global data center filters market is segmented based on filter type, material type, data center type, and region. Based on filter type – The data center filter market is segmented into primary filters, secondary filters, HEPA filters, and gas phase filters. HEPA filters dominate the market due to their exceptional ability to trap airborne contaminants, ensuring a clean and controlled environment for sensitive equipment. As data centers expand to meet growing digital demands, maintaining optimal air quality becomes crucial to prevent dust accumulation, overheating, and hardware failures. The need for high-performance filtration that meets stringent environmental standards further cements HEPA filters as the preferred choice in the industry. Several key factors drive the dominance of HEPA filters in data centers. The rising adoption of cloud computing and AI-driven operations increases data center density, requiring advanced cooling and filtration solutions. Stringent air quality regulations and sustainability initiatives push for better filtration efficiency. With growing investments in data infrastructure, HEPA filters remain essential for ensuring equipment longevity, reducing maintenance costs, and improving operational reliability. Based on material type – The data center filter market is segmented into fiberglass, synthetic, blended polyester, activated carbon with impregnation media, and others. Synthetic filters are dominant in the market due to their lightweight design, cost-effectiveness, durability, and moisture resistance. Unlike traditional fiberglass or paper-based filters, synthetic filters are easy to handle and install, making them ideal for high-density data centers where frequent maintenance is required. Their affordability makes them a preferred choice for budget-conscious data centers looking to maintain high air quality without excessive operational costs. Another key advantage of synthetic filters is their moisture resistance, which prevents mold growth and protects sensitive IT equipment from contamination and damage. Advancements in synthetic filter technology contribute to lower energy consumption by improving airflow efficiency, aligning with the growing emphasis on sustainability and green data center solutions. With data centers increasingly prioritizing energy efficiency and long-term cost savings, synthetic filters continue to dominate the market as a reliable, high-performance solution. To know the most attractive segments, click here for a free sample of the report: Which region shows the most promising growth forecast and opportunity? The analysis suggests that North America is expected to remain the largest market. This growth outlook is mainly attributed to the following: Technological innovations, a high density of data centers, and stringent air quality regulations. This region's advanced infrastructure and commitment to sustainability foster the adoption of high-performance filtration systems to meet environmental standards, ensuring reliable operations and equipment protection. The presence of major tech companies and the growing need for secure, energy-efficient data storage further boost the demand for effective filtration solutions. Regulatory pressures to maintain clean air and reduce environmental impact contribute to North America's dominance in the data center filter market. Likewise, the Asia-Pacific data center filter market is expanding rapidly, driven by the region's booming digital economy. With countries like China, India, and Singapore leading in data center construction, the demand for efficient filtration systems is rising due to urbanization and deteriorating air quality. Stricter government regulations on air quality and increasing investments in data infrastructure further fuel the need for high-performance filtration, ensuring equipment protection and operational efficiency in these high-density facilities. Data Center Filters Market Drivers: Some of the key drivers listed in the report are given below. The rising demand for high-performance computing, growth in cloud services, and higher energy costs require efficiency improvements. Increased awareness about environmental sustainability and stricter regulatory standards make data centers look toward more advanced filtration solutions. Filter material and design advances add value to technological advances, further fueling market growth. Competitive Landscape: Top 10 Companies in the Data Center Filters Market: The market is fairly consolidated, with a few major players and several mid-sized players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players: Camfil Filtration American Air Filtration, Inc. (Daikin Industries) Mann+Hummel GmbH 3M Company Freudenberg Filter Technology SE & Co. KG (Freudenberg Group) AFPRO Filters B.V.(Filtration Group Corporation) HawkAir K&N Engineering, Inc. General Air Products, Inc. Permatron Corporation What Deliverables Will You Get in this Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Data Center Filters Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Data Center Liquid Cooling Market Data Center Power Distribution Units Market About us – Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just an email away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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11-04-2025
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Aircraft Propulsion Composite Blades Market is Forecasted to Reach US$ 480 Million in 2030, Says Stratview Research
Detroit, April 11, 2025 (GLOBE NEWSWIRE) -- The global aircraft propulsion composite blades market is projected to witness a growth rate of >3% annually from 2025 to 2030, with an anticipated size of US$ 480 million by 2030, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global aircraft propulsion composite blades market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Report Highlights Market Size in 2030 (million US$) 480 Growth (CAGR) >3% during 2025-2030 Forecast Period 2025-2030 Trend Period 2019-2023 Base Year 2024 Number of Segments Covered 6 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights on the Aircraft Propulsion Composite Blades Market: The global aircraft propulsion composite blades market is segmented based on platform type, engine type, material type, process type, end-user type, and region. Based on platform type - The aircraft propulsion composite blades market is segmented into military transport aircraft, regional turboprops, and general aviation. General aviation is expected to be the market's leading platform during the forecast period. Although military transport aircraft and regional turboprops require a higher number of blades than general aviation, the growing fleet of general aviation due to their rising applications in agriculture, medical, and other fields is expected to drive the category's growth during the forecast period. The regional turboprops market is anticipated to grow at the fastest pace during the same period. Based on the material type – The market is bifurcated into carbon composites and hybrid composites. Carbon composite is expected to be the most sought-after material in the market during the forecast period. Carbon composite blades offer significant advantages to aircraft manufacturers, such as weight savings, reduced noise and vibration, durability, and longevity. Compared to glass composites, they provide higher stiffness and lower density, allowing a thinner blade profile while producing propeller blades. The material is expected to maintain its position in the market during the forecast period. Based on the end-user type - OE and MRO—both end-use categories were severely impacted by the COVID-19 pandemic. Post-COVID, the market gradually came back to its feet. The OE market is likely to grow with the fastest CAGR during the forecast period, as composite blades are highly durable and can withstand multiple repairs and overhauls without requiring total replacement. To know the most attractive segments, click here for a free sample of the report: Which region shows the most promising growth forecast and opportunity? The analysis suggests that North America is expected to remain the largest market for aircraft propulsion composite blades during the forecast period. This growth outlook is majorly attributed to the following: The region is a manufacturing hub for aircraft that use high-value composite blades. The presence of leading propeller blade manufacturers such as Hartzell Propeller, Collins Aerospace, and McCauley Propeller further strengthens its position. Likewise, Asia-Pacific is estimated to record the highest growth during the forecast period. This is attributable to the growing demand for regional air connectivity and the manufacturing expansion of global aircraft OEMs in the APAC region. Aircraft Propulsion Composite Blades Market Drivers: Some of the key drivers listed in the report are given below. A growing fleet of general aviation and military transport aircraft. High penetration of composite blades. Development of multi-bladed propellers. The emergence of electric aircraft. Top 5 Companies in the Aircraft Propulsion Composite Blades Market: All the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players (arranged alphabetically). Collins Aerospace Dowty Propeller Hartzell Propeller McCauley Propeller MT-Propeller What Deliverables Will You Get in This Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Aircraft Propulsion Composite Blades Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, and Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Aircraft Composite Blades Market Electric Motors Market for Aircraft Propulsion System About us – Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. The thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just an email away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176Sign in to access your portfolio
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11-04-2025
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Military Shelters Market is Forecasted to Reach US$ 1,473 Million in 2031, Says Stratview Research
Detroit, April 11, 2025 (GLOBE NEWSWIRE) -- The global Military Shelters Market is projected to witness a growth rate of 3.5% annually from 2025 to 2031, with an anticipated size of US$ 1,473 million by 2031, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global Military Shelters Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Report Highlights Market Size in 2031 (million US$) 1,473 Growth (CAGR) 3.5% during 2025-2031 Forecast Period 2025-2031 Trend Period 2018-2023 Base Year 2024 Number of Segments Covered 7 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights on the Military Shelters Market: The global military shelters market is segmented based on shelter type, size type, product type, installation type, material type, application type, and region. Based on shelter type: The military shelters market is segmented into rigid shelters and non-rigid shelters. Non-rigid shelters are expected to show the highest growth in the market during the forecast period. Non-rigid shelters are growing considerably because they meet the needs of modern operations. Those shelters can be deployed quickly and are easy to move, both of which are advantages for military operations, disaster relief, and emergency operations due to their lightweight and collapsible nature, which allows them to be moved to remote areas. Due to their flexibility, these shelters can be configured to look like various facilities, such as command stations, medical units, and temporary shelters, and they also come in various package sizes and customizable features. Non-rigid shelters are economically appealing to organizations with budget constraints as they can be a potential alternative to rigid systems. Non-rigid shelters increase mobility and logistics, the need for which is critical to military operations and humanitarian operations. They allow relocation very quickly. Based on application type: The military shelters market is segmented into medical facility, command & control, storage, aircraft base, repair & maintenance, accommodation, and other applications. Command & control post application is anticipated to hold the largest share during the forecast period, owing to many growth pointers. In modern military operations, command & control post non-rigid shelters are becoming more widely used due to demands for highly mobile and rapidly deployable command centers. Similarly, as communication & information systems within command posts have become more sophisticated, the reliance on adaptable and technologically integrated shelter solutions has risen. Based on material type: The military shelters market is segmented into polyester, composite, steel, and other materials. Composites are expected to remain dominant throughout the forecast period, owing to their high strength-to-weight ratio, durability, and resistance to various environmental factors. Because of these features, composites are perfect for lightweight yet strong shelters that are needed for quick deployment. At the same time, polyester materials will likely have the highest growth rate in the market. Their growth is attributed to their affordability and versatility with added performance, making them increasingly viable for many military shelters, especially for the ones that need flexibility and can be deployed easily. The market will be influenced by the combination of high-performance composites and low-cost polyesters. Based on installation type: The military shelters market is segmented into vehicle-mounted shelters and ground-based shelters. The vehicle-mounted shelter segment witnesses the highest growth as it uniquely combines mobility and operational functionality. Vehicle-mounted shelters address the modern demands of both military and civilian users to meet the need for rapid deployment and adaptable solutions. Vehicle-mounted shelters help users accomplish many roles, such as mobile command centers, medical facilities, and communication centers. Since vehicle-mounted shelters are mounted to a vehicle platform, they can attach power and communication systems to a unit, creating a fully organic shelter that can be deployed immediately in emergencies or fluid tactical situations. The continued ability of security forces to rely upon mobile command & control further demonstrates the multifunctional capability of vehicle-mounted shelters, especially since disasters are increasing the use of these shelters for disaster relief. Based on product type: The military shelters market is segmented into expandable shelters and non-expandable shelters. Expandable shelters are becoming increasingly notable in the military shelters market, owing to their various advantages. These shelters are designed to provide a space-efficient configuration, being compact for transport but a bit spacious when deployed for use. The flexibilities of operation are also available as they can be configured to provide other functions, such as command posts, medical facilities, and workshops. The modern expandable types are also characterized by fast deployment: The shelters can be set up quickly, an important safety asterisk in idioms of temporal pace in operation. The modularity of many expandable shelters adds to the flexibility: They may be easily configured and expanded as needed. Based on size type: The military shelters market is segmented into small shelters and large shelters. Small shelter is expected to remain dominant and the widely opted size of the market during the forecast period. Small shelter in the modern military scenario has different factors that are making small shelters increasingly in demand. Increased mobility and agility are the ordering principles for modern warfare. Modern warfare calls for a rapid response in deployment and relocation, for which small portable shelters serve as a solution. The need of the hour is further enhanced by drone warfare since dispersed operations are necessitated due to threat attacks, and hence, the trend favors smaller shelters rather than concentrated ones that are vulnerable. To know the most attractive segments, click here for a free sample of the report: Which Region Shows the Most Promising Growth Forecast and Opportunity? The analysis suggests that Asia-Pacific is expected to remain the highest market growth for the forecast period. This growth outlook is majorly attributed to the following– The market is driven by several factors including heightened geopolitical tensions, increased defense budgets, and an accelerated pace of military modernization among many other countries in the region. One of the biggest drivers is the need for rapid response and flexible solutions to increased territorial disputes and maritime conflict. In addition, the propensity of the Asia-Pacific region to experience natural disasters requires quickly deployed shelter solutions for aid and disaster relief, further stimulating market growth. The broad, diverse climate and terrain of the Asia-Pacific region creates the need for flexible shelter designs, while the economic growth allows for more financial investments in defense budgets. In other words, the amalgamation of security challenges, vulnerabilities related to disasters, and economic development will make the Asia-Pacific region evident as a meaningful contributor to increased demand for military shelters for use by governmental entities around the world. Military Shelters Market Drivers: Some of the key drivers listed in the report are given below. The defense industry has exhibited significant growth over the past few years, with almost every country increasing its military expenses and budgets. The demand for military shelters has also considerably grown in the wake of surging military and humanitarian operations/missions. Currently, the manufacturers of military shelter structures are focused on the development of lightweight, portable, and cost-efficient systems. Over the eons, the major shelter manufacturers have switched to composite shelters aiming at greater durability, cost efficiency, and light weight, some of the most urgent requirements from defense authorities. As a result, it is anticipated that in the forthcoming years, composites will be the primary material used for the development of military shelters. Top Companies in the Military Shelters Market: The market is fragmented, with over 100 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. Some of the major players provide a complete range of services. Stratview Research has identified the following companies as the top market players. General Dynamics AAR Kratos Defense & Security Solutions Marshall Aerospace and Defense Group Weatherhaven Global Resources Ltd. Alaska Structures Inc. HTS tentiQ HDT Global Dynamic Air Shelters What Deliverables Will You Get in This Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Military Shelters Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Soft Wall Military Shelters Market Defense Composites Market About us – Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just a mail away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176
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11-04-2025
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Aircraft MRO Market is Forecasted to Reach US$ 292.5 Billion in 2034, Says Stratview Research
Detroit, April 11, 2025 (GLOBE NEWSWIRE) -- The global aircraft MRO market is projected to witness a growth rate of 1.4% annually from 2024 to 2034, with an anticipated size of US$ 292.5 billion by 2034, according to an analysis by Stratview Research. Stratview Research, a global market research firm, has launched a report on the global aircraft MRO market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more. Click here to get a free sample of the report: Report Highlights Market Size in 2034 (billion US$) 292.5 Growth (CAGR) 1.4% during 2024-2034 Forecast Period 2024-2034 Trend Period 2018-2022 Base Year 2023 Number of Segments Covered 3 Number of Tables & Graphs 100+ Country-Level Market Assessment 20 Segment Insights on the Aircraft MRO Market: The global aircraft MRO market is segmented based on aircraft type, MRO type, and region. Based on aircraft type - The market is segmented into civil aircraft, general aviation, military aircraft, and civil helicopters. Among these sub-segments, military aircraft is expected to be the largest demand generator for MRO services throughout the forecast period, whereas general aviation offers the highest growth prospects in the coming years. Defense fleets often operate for several decades, demanding regular maintenance, upgrades, and overhauls to extend their life cycle, and military aircraft undergo frequent and rigorous operations, requiring extensive maintenance to ensure readiness and safety. Unlike commercial aviation, military fleets comprise various aircraft types (fighters, helicopters, transporters) that require tailored maintenance solutions. Military aircraft are equipped with sophisticated technologies that require specialized MRO services, increasing maintenance complexity and demand. Narrow-body and wide-body aircraft combined are estimated to remain the second-largest aircraft type for MRO and grow at the fastest rate in the market during the study period. With growing demand from general aviation to seek cost-effective maintenance solutions and minimize the related maintenance expenses with optimal aircraft performance and safety, this presents new opportunities for special MRO service providers. Increased private and commercial use of aircraft fuels the need for general aviation MRO services because more aircraft need maintenance, repair, and overhaul to continue efficient and safe operations. The growing requirement for specialized services is due to the advancements in aircraft technology, such as avionics and engine systems. MRO providers in general aviation must adopt new capabilities to support these complex systems, ensuring continued growth. Based on the MRO type – The market is segmented into airframe, engine, component, and line. Among these sub-segments, the Engine is expected to be the largest and fastest-growing MRO category due to the complexity of modern engine systems, longer operational hours, and the increasing demand for fuel-efficient, high-performance engines requiring specialized and frequent maintenance. The development of new engine technologies, coupled with fleet expansion and stringent safety regulations, are the factors that propel the demand for engine MRO during the forecast period. In the commercial aircraft category, CFM International's CFM56 engines will account for most of the engine MRO expenses during the forecast period, followed by GE Aerospace's CF6 and CF34 engines, creating enormous opportunities for engine MRO in the market. According to GKN forecast, the global fleet is expected to double over the next two decades, driven by increasing air travel demand and fleet expansion. This growth will significantly boost the need for maintenance, repair, and overhaul (MRO) services to support the larger fleet. The current fleet is expected to remain in operation for many years, driving a growing demand for aftermarket support. As aircraft age, the need for maintenance, repairs, and parts replacement will continue to rise, ensuring long-term market growth. Complex engine systems incorporating modern technologies, including hybrid-electric engines and high thrust, require engine MRO services to operate optimally and handle complex maintenance requirements. As the aviation industry becomes increasingly focused on fuel efficiency and environmental sustainability, there is a corresponding increase in the demand for high-performance, fuel-efficient engines. These engines demand specialized MRO services to preserve their advanced technology and ensure long-term functionality. The Line category is likely to remain unchanged. This consistency implies that routine checks and on-ground servicing remain a constant airline requirement. To know the most attractive segments, click here for a free sample of the report: Which region shows the most promising growth forecast and opportunity? The analysis suggests that North America has a huge dominance in the aircraft MRO market, and it is expected to maintain its legacy in the years to come. This growth outlook is majorly attributed to the following: The region has a vast aircraft fleet and investments in commercial and military aircraft and their services. There are over 500 MRO players (including parts & system manufacturers and assemblers) in the USA. This market grows as aging aircraft are utilized longer, with passenger-to-freighter conversions meeting e-commerce demand and production backlogs boosting maintenance needs. The aviation and industrial industries demand continuous MRO services fueled by advanced predictive maintenance technologies and robust defense expenditure, bolstering aerospace industry leadership. Likewise, the Asia-Pacific's MRO market is projected to grow at the fastest rate during 2024-2034. Growing investment projects by multinational aerospace companies make the Asia-Pacific's MRO market competitive. Fleet expansion in Asia-Pacific, driven by growing economies and increasing passenger demand, increases the number of aircraft requiring continuous MRO services, boosting market opportunities for maintenance providers across the region. Growing defense spending in Asia-Pacific is driving military aircraft purchases and the need for specialized MRO services, thus increasing the demand for aircraft maintenance, repair, and overhaul solutions in the region. Aircraft MRO Market Drivers: Some of the key drivers listed in the report are given below. Growing air traffic demand, fleet expansion, and a need for low-cost operations. Aging aircraft fleets require frequent maintenance and repairs for safety and compliance. Oliver Wyman reports that the global civil aircraft fleet, including narrow-body, wide-body, regional aircraft, and turboprops, will grow from 28,398 aircraft in 2024 to 36,413 by 2034, driving significant MRO demand. Technological advancements, including predictive maintenance and digital tools, further optimize MRO services. Increasing regulatory requirements and the demand for improved fuel efficiency require airlines and operators to invest in advanced maintenance solutions, further fueling growth in the market. Commercial aircraft deliveries are projected to surpass 2,000 units by the early next decade, signaling sustainable long-term growth for the MRO industry. Top 10 Companies in the Aircraft MRO Market: The market is highly fragmented, with the presence of over 500 players. Most major players compete in some of the governing factors, including cost, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players. Rolls-Royce PLC Standard Aero GE Aerospace Raytheon Technologies Corporation (RTX) Honeywell Aerospace Safran S.A. KLM- Air France Group Leonardo S.p.A Hong Kong Aircraft Engineering Company Limited (HAECO) Lufthansa Technik AG What Deliverables Will You Get in This Report? Key questions this report answers Relevant contents in the report How big is the sales opportunity? In-depth analysis of the Aircraft MRO Market How lucrative is the future? Market forecast and trend data and emerging trends Which regions offer the best sales opportunities? Global, regional, and country-level historical data and forecasts Which are the most attractive market segments? Market segment analysis and forecast Who are the top players and their market positioning? Competitive landscape analysis, Market share analysis How complex is the business environment? Porter's five forces analysis, PEST analysis, Life cycle analysis What are the factors affecting the market? Drivers & challenges Will I get the information on my specific requirements? 10% free customization For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@ Related Reports: Military Aircraft MRO Market General Aviation MRO Market About us – Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries. It launches a limited number of reports annually on the above-mentioned specializations. The thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions. Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more. Are you looking for any specific data customized to your objectives? We are just an email away. CONTACT: Stratview Research Visit : Mail Us : sales@ Call Us : +1-313-307-4176Sign in to access your portfolio
