Global Aircraft Maintenance Tooling Market is accounted for $3,304.81 million in 2020 and is expected to reach $5,267.36 million by 2028 growing at a CAGR of 6.0% during the forecast period. The rising production rate of commercial aircraft and increasing requirement of predictive, prescriptive, and condition-based maintenance of aircraft are the major factors propelling the market growth.
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By geography, Europe is going to have a lucrative growth during the forecast period due to a rise in the expenditure on maintenance for the airlines to ensure the airworthiness of their aircraft assets. Increased focus of original equipment manufacturers (OEMs) on maintenance, repairing, and overhauling (MRO) activities and increased efforts on fuel efficiency are also driving the market.
Some of the key players profiled in the Aircraft Maintenance Tooling Market include AeroWest Mfg. Corp., Alberth Aviation, Farwest Aircraft, Frank Brown & Son Ltd, HYDRO SYSTEMS KG, Inspection Technologies Ltd, Norbar Torque Tools Ltd, PROTO, Red Box Aviation, and Shanghai kaviation Technology Co., Ltd.
Users Covered in Aircraft Maintenance Tooling Market
• Maintenance, Repairing, and Overhauling (MRO) Service Providers
• Airline Operators
Tool Types Covered:
• Metalworking Tools
• Safety Wire Pliers
• Speed Handle
• Vibration Meter
• Wrenches
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