Reports

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Power by the Hour (PBH) Market: By Components: Engine, Landing Gear and Breaks, Spare Parts and Component, Airframes, Others; By Provider: OEM, MRO; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

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 73.1 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 4% to reach USD 92.5 billion by 2026.

 

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.

 

Global Power by the Hour (PBH) Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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): Industry Definition and 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.

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.

 

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.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Components, Provider, Application, Region
Breakup by Components Engine, Landing Gear and Breaks, Spare Parts and Component, Airframes, Others
Breakup by Provider OEM and MRO
Breakup by Application Commercial Aviation, Business Jet, Commercial Helicopter, Others
Breakup by Regions North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Air France-KLM Group, AAR CORP, Rolls-Royce plc, Avtrade, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Power by the Hour (PBH) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Power by the Hour (PBH) Historical Market (2016-2020) 
    8.3    Global Power by the Hour (PBH) Market Forecast (2021-2026)
    8.4    Global Power by the Hour (PBH) Market by Components
        8.4.1    Engine
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Landing Gear and Breaks
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Spare Parts and Component
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Airframes
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Power by the Hour (PBH) Market by Provider
        8.5.1    OEM
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    MRO
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Power by the Hour (PBH) Market by Application
        8.6.1    Commercial Aviation
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Business Jet
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Commercial Helicopter
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Power by the Hour (PBH) Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Air France-KLM Group
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AAR CORP
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Rolls-Royce plc
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Avtrade
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Power by the Hour (PBH) Market: Key Industry Highlights, 2016 and 2026
2.    Global Power by the Hour (PBH) Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Power by the Hour (PBH) Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Power by the Hour (PBH) Historical Market: Breakup by Provider (USD Billion), 2016-2020
5.    Global Power by the Hour (PBH) Market Forecast: Breakup by Provider (USD Billion), 2021-2026
6.    Global Power by the Hour (PBH) Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Power by the Hour (PBH) Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Power by the Hour (PBH) Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Power by the Hour (PBH) Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 73.1 billion in 2020.

The market is supported by global aircraft MRO market, which is projected to grow at a CAGR of 4% between 2021 and 2026.

The market is supported by global aircraft MRO market, which is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 92.5 billion by 2026.

The industry is being aided by the flourishing airlines sector, rising demand for fuel-efficient engines, 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 market is expected to be defined by digital and technological advancements in the forecast period.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major components of power by the hour (PBH) in the industry are engine, landing gear and breaks, spare parts and component, and airframes, among others.

The major providers in the industry are OEM and MRO.

The significant applications of power by the hour (PBH) in the market are commercial aviation, business jet, and commercial helicopter, among others.

The major players in the industry 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 73.1 billion in 2020, 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 2021-2026, growing at a CAGR of 4%. The market is projected to reach USD 92.5 billion by 2026.

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.

Purchase Full Report

Mini Report

$ 1999     $1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2499
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3499
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4499
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Aerial Refuelling Systems Market Report and Forecast 2021-2026


Global Aircraft Engine Market Report and Forecast 2021-2026


Global Aircraft Cabin Interior Market Report and Forecast 2021-2026



Global Aircraft Thrust Reverser Market Report and Forecast 2021-2026


NEWSLETTER