The number of aircraft fleets in commercial aviation has increased significantly over the years. Airlines and regional carriers with a fleet of ATR and Embraer Commercial (now Boeing Commercial Brasil) have been procuring a noteworthy number of aircraft fleets over the past few years. A surge in the procurement of various commercial aircraft fleets has led to a substantial rise in the number of aircraft MRO shops or hangars worldwide. In addition, the continuous investments by companies in the commercial aircraft MRO industry in the expansion of their existing MRO hangars with new bays fuel the commercial aircraft maintenance tooling market growth. In 2019, Delta TechOps, the engineering department of Delta Airlines, opened a new jet engine MRO and test facility in Atlanta, US. Delta TechOps has a long-term contract with Rolls-Royce and Pratt & Whitney to maintain various types of engines produced by these two engine manufacturers. Moreover, the rising awareness for predictive aircraft maintenance is one of the major trends propelling the demand for aircraft maintenance worldwide across the aviation sector. In addition, the deployment of new technologies in commercial aircraft and demand for refurbishment of old generation commercial aircraft fleet are expected to drive the demand for commercial aircraft maintenance tooling in the near future.
Stanley Black & Decker, Snap-on Tools, STAHLWILLE Eduard Wille GmbH & Co. KG, Hydro Systems AG, and Tronair- Prominent Market Participants in Commercial Aircraft Maintenance Tooling Market
The growing use of vibration meter in engine and airframe vibration analysis are of utmost importance for the aircraft operators and MRO service providers, which is propelling the demand for vibration meters in the MRO industry stakeholders, bolstering the commercial aircraft maintenance tooling market. Owing to a continuous rise in demand, the manufacturers of advanced vibration meters are focused on the development of robust vibration analyzers. MTI Instruments has developed a turbine vibration analyzer/balancing system named PBS-4100R+ that is suitable for jet engines. The system is used by several aircraft manufacturers and MRO facilities operating in the commercial aviation sector and is boosting the demand of commercial aircraft maintenance tooling market.
Stanley Black & Decker, Snap-on Tools, STAHLWILLE Eduard Wille GmbH & Co. KG, Hydro Systems AG, and Tronair are some of the key market players operating in the global commercial aircraft maintenance tooling market. The listing of key players is derived by considering multiple factors such as overall revenue, current commercial aircraft maintenance tooling system product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the commercial aircraft maintenance tooling system ecosystems which were studies analyzed during the course of this market research study.
Most of the market initiatives were observed in Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2021 | Field International Group has announced the expansion of India business, Field International Pvt Ltd. and will develop into a manufacturing facility, serving the local India and International markets by providing aircraft tooling and manufacturing solutions | APAC |
| 2020 | Stanley Black & Decker Inc. agreed to acquire Consolidated Aerospace Manufacturing LLC, or CAM, from private equity firm Tinicum Inc. for up to $1.5 billion, to expand in the aerospace and defense sector | North America |
