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Global Power by the Hour (PBH) Market Size, Share, Growth: By Components: Engine, Landing Gear and Breaks, Spare Parts and Component, Airframes, Others; By Provider: OEM, MRO; By Application: Commercial Aviation, Business Jet, Commercial Helicopter, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Power by the Hour (PBH) Market Outlook
The global power by the hour (PBH) market is supported by the global aircraft MRO market, which attained a value of USD 82.22 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4% to reach USD 117.04 billion by 2032.
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Rising Demand for Cost-Effective Maintenance of the Aircrafts Boosting the Market Growth
The robust growth of the airlines industry owing to globalisation and rising expenditure on travel is aiding the growth of the power by the hour industry. Power by the hour (PBH) is reshaping the customer-supplier relationship in defence and aerospace contracts. As PBH provides superior and cost-effective maintenance and support services while recognising the acquisition of quality products, it is increasingly preferred, further catalysing the market growth. Power by the hour (PBH) eliminates the capital cost of refurbishing the engine and the unplanned expense of premature engine failures. Moreover, it establishes the known engine operating costs and reduces the capital assets. Such advantages are increasing the use of power by the hour (PBH) program, hence fuelling its market growth.
As providers are increasingly offering various initiatives like total fleet management and integrated care packages due to stiff competition, the market for power by the hour is further boosting. It also shelters airlines by reducing the fixed cost component of capacity against economic slowdown, consequently aiding the market growth. In addition, the rising demand for narrow body aircrafts, which are more efficient and sustainable, is increasing the demand for MRO, hence aiding the market growth for power by the hour (PBH). Moreover, the increasing prevalence of economically feasible budget airlines to meet the consumer demands is increasing the demand for effective cost-maintenance of the aircraft, further fuelling the market growth.
Power by the Hour (PBH): Market Segmentation
Power by the hour (PBH) is an hourly maintenance program for engines and aircraft. The term was first used by Rolls-Royce in 1962 to support the Viper engine on the de Havilland business jet. The program allows for the efficient management of the budget for modern aircraft by helping to reduce MRO item purchases and improve the bottom line.
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The major components of power by the hour (PBH) are:
- Engine
- Landing Gear and Breaks
- Spare Parts and Component
- Airframes
- Others
The market can be broadly categorised on the basis of its provider into:
- OEM
- MRO
Based on the applications, the market is segmented into:
- Commercial Aviation
- Business Jet
- Commercial Helicopter
- Others
The EMR report looks into the regional markets of power by the hour (PBH) like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements to Bolster the Power by the Hour (PBH) Industry
The increasing digitisation by data software analytics to increasing the operational efficiency and enable faster maintenance of airlines is escalating the demand for power by the hour, hence aiding the market growth. Moreover, various new airlines, which are enabled with data connectivity, are further connected to ground stations to share the data for predictive maintenance scheduling, consequently augmenting the market growth. Furthermore, increasing research and development in MRO is enabling the use of condition-based analytics to monitor the aircraft, which allows the MRO providers to analyse data for future uses. Such developments are anticipated to fuel the market growth in the forecast period.
The growth of a new economy which focuses on the use of technology to improve productivity and economic growth is transforming the maintenance, repair, and operational supplies services and is consequently aiding the power by the hour (PBH) industry. The rising use of fuel-efficient engines in the airlines industry is also augmenting the market growth. The advantages of the power by the hour (PBH) program, such as fixed pricing, cost-sharing, and performance-based compensation, have the potential to move beyond the aerospace and defence sector to the retail sector, which is anticipated to propel the market growth.
Key Industry Players in the Global Power by the Hour (PBH) Market
The report presents a detailed analysis of the following key players in the global power by the hour (PBH) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Air France-KLM Group
- AAR CORP
- Rolls-Royce plc
- Avtrade
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Components |
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| Breakup by Provider |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Power by the Hour (PBH) Market Analysis
8.1 Key Industry Highlights
8.2 Global Power by the Hour (PBH) Historical Market (2018-2023)
8.3 Global Power by the Hour (PBH) Market Forecast (2024-2032)
8.4 Global Power by the Hour (PBH) Market by Components
8.4.1 Engine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Landing Gear and Breaks
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Spare Parts and Component
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Airframes
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Power by the Hour (PBH) Market by Provider
8.5.1 OEM
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 MRO
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Power by the Hour (PBH) Market by Application
8.6.1 Commercial Aviation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Business Jet
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Commercial Helicopter
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Power by the Hour (PBH) Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Power by the Hour (PBH) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Power by the Hour (PBH) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Power by the Hour (PBH) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Power by the Hour (PBH) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Power by the Hour (PBH) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Air France-KLM Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AAR CORP
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Rolls-Royce plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Avtrade
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Power by the Hour (PBH) Market: Key Industry Highlights, 2018 and 2032
2. Global Power by the Hour (PBH) Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Power by the Hour (PBH) Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Power by the Hour (PBH) Historical Market: Breakup by Provider (USD Billion), 2018-2023
5. Global Power by the Hour (PBH) Market Forecast: Breakup by Provider (USD Billion), 2024-2032
6. Global Power by the Hour (PBH) Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Power by the Hour (PBH) Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Power by the Hour (PBH) Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Power by the Hour (PBH) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Power by the Hour (PBH) Market Structure
Key Questions Answered in the Report
The global power by the hour (PBH) market is supported by global aircraft MRO market, which attained a value of nearly of USD 82.22 billion in 2023.
The market is supported by global aircraft MRO market, which is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is supported by global aircraft MRO market, which is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 117.04 billion by 2032.
The market is driven by the flourishing airlines sector, rising demand for fuel-efficient engines, and various advantages of power by the hour such as cost-sharing and fixed pricing, and the increasing demand for cost-effective and efficient maintenance of aircrafts.
The key trends of the market include the digital and technological advancements and the increasing demand for cost-effective and efficient maintenance of aircrafts.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various components of power by the hour (PBH) in the market are engine, landing gear and breaks, spare parts and component, and airframes, among others.
The major providers in the market are OEM and MRO.
The significant applications of power by the hour (PBH) are commercial aviation, business jet, and commercial helicopter, among others.
The key players in the global power by the hour (PBH) market are Air France-KLM Group, AAR CORP, Rolls-Royce plc, and Avtrade, among others.
Analyst Review
The global power by the hour (PBH) market is supported by global aircraft MRO market, which attained a value of USD 82.22 billion in 2023, driven by the flourishing airlines industry. Aided by the growing technological advancements, the global aircraft MRO market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4%. The market is projected to reach USD 117.04 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its components, the power by the hour (PBH) industry can be segmented into engine, landing gear and breaks, spare parts and component, and airframes, among others. On the basis of providers, the industry is divided into OEM and MRO. Based on the applications, the industry is categorised into commercial aviation, business jet, and commercial helicopter, among others. The major regional markets for power by the hour (PBH) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Air France-KLM Group, AAR CORP, Rolls-Royce plc, and Avtrade, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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