The global Power by the Hour (PBH) market size is predicted to grow from US$ 26760 million in 2025 to US$ 38390 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.
Power by the Hour (PBH) is a maintenance program provided by aircraft manufacturers as well as aircraft engine & component providers to aircraft operators. Power by the Hour (PBH) contracts allow better and efficient management of budgets. Thus, costs allocated towards MRO services can be rationalised.
Global 5 largest manufacturers of Power by the Hour (PBH) are GE Aviation, Rolls-Royce plc, MTU Aero Engines AG, AFI KLM E&M and Raytheon Technologies, which make up over 52%. Among them, GE Aviation is the leader with about 22% market share. North America is the largest market, with a share over 30%, followed by Europe and Asia-Pacific, both with the share about 25%. In terms of product type, Engine occupies the largest share of the total market, about 40%. And in terms of application, the largest application is Commercial Aviation, followed by Business Jet.
The driving factors of the Power by the Hour (PBH) market can be summarized as follows:
1. Cost-effectiveness and customer relations
Cost predictability: The PBH model allows airlines and operators to pay for the operation and maintenance of aircraft engines at a fixed hourly rate, thus providing cost predictability. This cost structure helps airlines better manage their budgets and reduce the financial risks associated with engine maintenance.
Deepening customer relationships: The PBH model promotes a closer cooperative relationship between suppliers and customers (airlines). Through long-term cooperation, both parties can build trust and achieve a win-win situation.
2. Industry development trends and demand
Global expansion of the aviation industry: As airlines advance their global expansion strategies, route networks continue to expand, and the demand for engine maintenance also grows. The PBH model can efficiently meet this cross-regional maintenance demand and promote market development.
Demand for energy conservation and environmental protection: The PBH model may incentivize suppliers to adopt more advanced engine technologies to improve fuel efficiency and reduce emissions. This is in line with the aviation industry's growing concern about energy conservation and environmental protection, and is also an important factor driving the development of the PBH market.
3. Technology and supply chain support
Technological progress: With the continuous development of aviation technology, the technology of aircraft and engines is also constantly updated. PBH suppliers need to constantly adapt to new technologies and provide high-quality maintenance services to meet customer needs. This technological progress has promoted the continued development of the PBH market.
Supply chain stability: The instability of the global supply chain and the fluctuation of raw material prices may have an adverse impact on PBH suppliers. However, with the continuous maturity and improvement of supply chain management, PBH suppliers are better able to cope with these challenges and ensure the timeliness and stability of spare parts supply, thereby promoting market development.
4. Market competition and cooperation
Market competition: In the PBH market, there are many competitive suppliers, such as GE Aviation, Rolls-Royce plc, MTU Aero Engines, etc. These suppliers compete for market share by providing high-quality services and continuous innovation, which has promoted the prosperity of the PBH market.
Cooperation and win-win: The PBH model promotes cooperation between suppliers and airlines. By sharing risks and responsibilities, both parties can achieve a win-win situation. This cooperation model helps to promote the further development of the PBH market.
In summary, the driving factors of the PBH market mainly include cost-effectiveness and deepening of customer relationships, industry development trends and growth in demand, support from technology and supply chains, and market competition and cooperation. These factors have jointly promoted the continuous development and growth of the PBH market.
The 鈥淧ower by the Hour (PBH) Industry Forecast鈥� looks at past sales and reviews total world Power by the Hour (PBH) sales in 2024, providing a comprehensive analysis by region and market sector of projected Power by the Hour (PBH) sales for 2025 through 2031. With Power by the Hour (PBH) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power by the Hour (PBH) industry.
This Insight Report provides a comprehensive analysis of the global Power by the Hour (PBH) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Power by the Hour (PBH) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Power by the Hour (PBH) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power by the Hour (PBH) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power by the Hour (PBH).
This report presents a comprehensive overview, market shares, and growth opportunities of Power by the Hour (PBH) market by product type, application, key players and key regions and countries.
Segmentation by Type:
Engine
Landing Gear and Brakes
Spare Parts and Component
Airframes
Segmentation by Application:
Commercial Aviation
Business Jet
Commercial Helicopter
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Aviation
Rolls-Royce plc
MTU Aero Engines AG
AFI KLM E&M
Raytheon Technologies
ST Engineering
Lufthansa Technik
Textron Inc.
AAR
HAECO Group
Turkish Technic
JSSI
AJW Group
Ameco
EFTEC UK LTD
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Power by the Hour (PBH) Market Size (2020-2031)
2.1.2 Power by the Hour (PBH) Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Power by the Hour (PBH) by Country/Region (2020, 2024 & 2031)
2.2 Power by the Hour (PBH) Segment by Type
2.2.1 Engine
2.2.2 Landing Gear and Brakes
2.2.3 Spare Parts and Component
2.2.4 Airframes
2.3 Power by the Hour (PBH) Market Size by Type
2.3.1 Power by the Hour (PBH) Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Power by the Hour (PBH) Market Size Market Share by Type (2020-2025)
2.4 Power by the Hour (PBH) Segment by Application
2.4.1 Commercial Aviation
2.4.2 Business Jet
2.4.3 Commercial Helicopter
2.5 Power by the Hour (PBH) Market Size by Application
2.5.1 Power by the Hour (PBH) Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Power by the Hour (PBH) Market Size Market Share by Application (2020-2025)
3 Power by the Hour (PBH) Market Size by Player
3.1 Power by the Hour (PBH) Market Size Market Share by Player
3.1.1 Global Power by the Hour (PBH) Revenue by Player (2020-2025)
3.1.2 Global Power by the Hour (PBH) Revenue Market Share by Player (2020-2025)
3.2 Global Power by the Hour (PBH) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Power by the Hour (PBH) by Region
4.1 Power by the Hour (PBH) Market Size by Region (2020-2025)
4.2 Global Power by the Hour (PBH) Annual Revenue by Country/Region (2020-2025)
4.3 Americas Power by the Hour (PBH) Market Size Growth (2020-2025)
4.4 APAC Power by the Hour (PBH) Market Size Growth (2020-2025)
4.5 Europe Power by the Hour (PBH) Market Size Growth (2020-2025)
4.6 Middle East & Africa Power by the Hour (PBH) Market Size Growth (2020-2025)
5 Americas
5.1 Americas Power by the Hour (PBH) Market Size by Country (2020-2025)
5.2 Americas Power by the Hour (PBH) Market Size by Type (2020-2025)
5.3 Americas Power by the Hour (PBH) Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Power by the Hour (PBH) Market Size by Region (2020-2025)
6.2 APAC Power by the Hour (PBH) Market Size by Type (2020-2025)
6.3 APAC Power by the Hour (PBH) Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Power by the Hour (PBH) Market Size by Country (2020-2025)
7.2 Europe Power by the Hour (PBH) Market Size by Type (2020-2025)
7.3 Europe Power by the Hour (PBH) Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Power by the Hour (PBH) by Region (2020-2025)
8.2 Middle East & Africa Power by the Hour (PBH) Market Size by Type (2020-2025)
8.3 Middle East & Africa Power by the Hour (PBH) Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Power by the Hour (PBH) Market Forecast
10.1 Global Power by the Hour (PBH) Forecast by Region (2026-2031)
10.1.1 Global Power by the Hour (PBH) Forecast by Region (2026-2031)
10.1.2 Americas Power by the Hour (PBH) Forecast
10.1.3 APAC Power by the Hour (PBH) Forecast
10.1.4 Europe Power by the Hour (PBH) Forecast
10.1.5 Middle East & Africa Power by the Hour (PBH) Forecast
10.2 Americas Power by the Hour (PBH) Forecast by Country (2026-2031)
10.2.1 United States Market Power by the Hour (PBH) Forecast
10.2.2 Canada Market Power by the Hour (PBH) Forecast
10.2.3 Mexico Market Power by the Hour (PBH) Forecast
10.2.4 Brazil Market Power by the Hour (PBH) Forecast
10.3 APAC Power by the Hour (PBH) Forecast by Region (2026-2031)
10.3.1 China Power by the Hour (PBH) Market Forecast
10.3.2 Japan Market Power by the Hour (PBH) Forecast
10.3.3 Korea Market Power by the Hour (PBH) Forecast
10.3.4 Southeast Asia Market Power by the Hour (PBH) Forecast
10.3.5 India Market Power by the Hour (PBH) Forecast
10.3.6 Australia Market Power by the Hour (PBH) Forecast
10.4 Europe Power by the Hour (PBH) Forecast by Country (2026-2031)
10.4.1 Germany Market Power by the Hour (PBH) Forecast
10.4.2 France Market Power by the Hour (PBH) Forecast
10.4.3 UK Market Power by the Hour (PBH) Forecast
10.4.4 Italy Market Power by the Hour (PBH) Forecast
10.4.5 Russia Market Power by the Hour (PBH) Forecast
10.5 Middle East & Africa Power by the Hour (PBH) Forecast by Region (2026-2031)
10.5.1 Egypt Market Power by the Hour (PBH) Forecast
10.5.2 South Africa Market Power by the Hour (PBH) Forecast
10.5.3 Israel Market Power by the Hour (PBH) Forecast
10.5.4 Turkey Market Power by the Hour (PBH) Forecast
10.6 Global Power by the Hour (PBH) Forecast by Type (2026-2031)
10.7 Global Power by the Hour (PBH) Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Power by the Hour (PBH) Forecast
11 Key Players Analysis
11.1 GE Aviation
11.1.1 GE Aviation Company Information
11.1.2 GE Aviation Power by the Hour (PBH) Product Offered
11.1.3 GE Aviation Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 GE Aviation Main Business Overview
11.1.5 GE Aviation Latest Developments
11.2 Rolls-Royce plc
11.2.1 Rolls-Royce plc Company Information
11.2.2 Rolls-Royce plc Power by the Hour (PBH) Product Offered
11.2.3 Rolls-Royce plc Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Rolls-Royce plc Main Business Overview
11.2.5 Rolls-Royce plc Latest Developments
11.3 MTU Aero Engines AG
11.3.1 MTU Aero Engines AG Company Information
11.3.2 MTU Aero Engines AG Power by the Hour (PBH) Product Offered
11.3.3 MTU Aero Engines AG Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 MTU Aero Engines AG Main Business Overview
11.3.5 MTU Aero Engines AG Latest Developments
11.4 AFI KLM E&M
11.4.1 AFI KLM E&M Company Information
11.4.2 AFI KLM E&M Power by the Hour (PBH) Product Offered
11.4.3 AFI KLM E&M Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 AFI KLM E&M Main Business Overview
11.4.5 AFI KLM E&M Latest Developments
11.5 Raytheon Technologies
11.5.1 Raytheon Technologies Company Information
11.5.2 Raytheon Technologies Power by the Hour (PBH) Product Offered
11.5.3 Raytheon Technologies Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Raytheon Technologies Main Business Overview
11.5.5 Raytheon Technologies Latest Developments
11.6 ST Engineering
11.6.1 ST Engineering Company Information
11.6.2 ST Engineering Power by the Hour (PBH) Product Offered
11.6.3 ST Engineering Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 ST Engineering Main Business Overview
11.6.5 ST Engineering Latest Developments
11.7 Lufthansa Technik
11.7.1 Lufthansa Technik Company Information
11.7.2 Lufthansa Technik Power by the Hour (PBH) Product Offered
11.7.3 Lufthansa Technik Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Lufthansa Technik Main Business Overview
11.7.5 Lufthansa Technik Latest Developments
11.8 Textron Inc.
11.8.1 Textron Inc. Company Information
11.8.2 Textron Inc. Power by the Hour (PBH) Product Offered
11.8.3 Textron Inc. Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Textron Inc. Main Business Overview
11.8.5 Textron Inc. Latest Developments
11.9 AAR
11.9.1 AAR Company Information
11.9.2 AAR Power by the Hour (PBH) Product Offered
11.9.3 AAR Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 AAR Main Business Overview
11.9.5 AAR Latest Developments
11.10 HAECO Group
11.10.1 HAECO Group Company Information
11.10.2 HAECO Group Power by the Hour (PBH) Product Offered
11.10.3 HAECO Group Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 HAECO Group Main Business Overview
11.10.5 HAECO Group Latest Developments
11.11 Turkish Technic
11.11.1 Turkish Technic Company Information
11.11.2 Turkish Technic Power by the Hour (PBH) Product Offered
11.11.3 Turkish Technic Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 Turkish Technic Main Business Overview
11.11.5 Turkish Technic Latest Developments
11.12 JSSI
11.12.1 JSSI Company Information
11.12.2 JSSI Power by the Hour (PBH) Product Offered
11.12.3 JSSI Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 JSSI Main Business Overview
11.12.5 JSSI Latest Developments
11.13 AJW Group
11.13.1 AJW Group Company Information
11.13.2 AJW Group Power by the Hour (PBH) Product Offered
11.13.3 AJW Group Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 AJW Group Main Business Overview
11.13.5 AJW Group Latest Developments
11.14 Ameco
11.14.1 Ameco Company Information
11.14.2 Ameco Power by the Hour (PBH) Product Offered
11.14.3 Ameco Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 Ameco Main Business Overview
11.14.5 Ameco Latest Developments
11.15 EFTEC UK LTD
11.15.1 EFTEC UK LTD Company Information
11.15.2 EFTEC UK LTD Power by the Hour (PBH) Product Offered
11.15.3 EFTEC UK LTD Power by the Hour (PBH) Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 EFTEC UK LTD Main Business Overview
11.15.5 EFTEC UK LTD Latest Developments
12 Research Findings and Conclusion
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*If Applicable.