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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 (2018-2028); 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 2023-2028 at a CAGR of 4% to reach USD 92.5 billion by 2026.

 

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.

 

Global Power by the Hour (PBH) Market by Region

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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.

 

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, 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.

 

*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 (2018-2022) 
    8.3    Global Power by the Hour (PBH) Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Landing Gear and Breaks
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Spare Parts and Component
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Airframes
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    MRO
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Business Jet
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Commercial Helicopter
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others    
    8.7    Global Power by the Hour (PBH) Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Power by the Hour (PBH) Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Power by the Hour (PBH) Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Power by the Hour (PBH) Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Power by the Hour (PBH) Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Power by the Hour (PBH) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Power by the Hour (PBH) Historical Market: Breakup by Component (USD Billion), 2018-2022
3.    Global Power by the Hour (PBH) Market Forecast: Breakup by Component (USD Billion), 2023-2028
4.    Global Power by the Hour (PBH) Historical Market: Breakup by Provider (USD Billion), 2018-2022
5.    Global Power by the Hour (PBH) Market Forecast: Breakup by Provider (USD Billion), 2023-2028
6.    Global Power by the Hour (PBH) Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Power by the Hour (PBH) Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Power by the Hour (PBH) Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Power by the Hour (PBH) Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Power by the Hour (PBH) Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Power by the Hour (PBH) Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028 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 2023-2028, 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.

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