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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

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 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4% to reach USD 117.04 billion by 2034.

Global Power by the Hour (PBH) Market

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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.

Global Power by the Hour (PBH) Market by Segment

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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.

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 2018-2024
Forecast Period 2025-2034
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
  • MRO
Breakup by Application
  • Commercial Aviation
  • Business Jet
  • Commercial Helicopter
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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 2024.

The market is supported by global aircraft MRO market, which is projected to grow at a CAGR of 4% between 2025 and 2034.

The market is supported by global aircraft MRO market, which is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 117.04 billion by 2034.

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.

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