Report Overview:
The following report titled “Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market: By Type of MRO (Independent MRO, Original Equipment Manufacturer [OEM] MRO, Airline/Operator MRO), By Service Type (Airframe Maintenance, Engine Overhaul, Modification, Component repair & Maintenance, Line Maintenance), and other forecast 2024-2029” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Summary
The Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market size in the year 2022 was around USD 78.9 billion and it is estimated to grow at a CAGR of around 7.32% during the forecast period, i.e., 2024-29. The factors attributing to the growth of aircraft MRO services across the globe have been the extensive usage of the aircrafts for the air travel & cargo shipping, aging aircraft and stringent government regulations that mandate the Maintenance, services of the airliner at regular time intervals.
Report Coverage & Details
- Forecast Period: 2024-2029
- Base Year: 2023
- Market Size in 2022: USD 78.9 Billion
- CAGR: 7.32%
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Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Driver:
Extensive Air Cargo Delivery & Air Travel Driving Market Growth – Over the past few years, air traffic has consistently increased due to the surge in the transportation of goods via air and the rising tourism across the globe. Air cargo is crucial for perishable goods transportation like pharmaceuticals, seafood, vaccines, etc., since it provides timely delivery of these goods and ensures the preservation of the quality & shelf life of the goods.
According to the International Air Transport Association, in 2022, Air Cargo transports over USD 6 trillion worth of goods annually and accounts for approximately 35% of world trade. In addition, valuable & expensive products like electronics and other luxury goods are transported from one country to the destination via air to reduce the risk of theft. This rising usage of aircraft for the delivery of goods is resulting in a surge in aircraft utilization rates. As a result, the aircraft are more prone to some failures in aircraft systems and components. Thus, cargo operators such as DHL Aviation, Emirates SkyCargo, etc., are going for Aircraft MRO Services to ensure the smooth functioning of the aircraft.
Segmentation Analysis: Aircraft Maintenance, Repair and Overhaul (MRO) Services Market
By Type of MRO
- Independent MRO- Market Size & Forecast 2019-2029F, USD Million
- Original Equipment Manufacturer (OEM) MRO- Market Size & Forecast 2019-2029F, USD Million
- Airline/Operator MRO- Market Size & Forecast 2019-2029F, USD Million
By Service Type
- Airframe Maintenance- Market Size & Forecast 2019-2029F, USD Million
- Engine Overhaul- Market Size & Forecast 2019-2029F, USD Million
- Modification- Market Size & Forecast 2019-2029F, USD Million
- Component repair & Maintenance- Market Size & Forecast 2019-2029F, USD Million
- Line Maintenance- Market Size & Forecast 2019-2029F, USD Million
By Type of Aircraft
- Commercial Aviation
- Narrow body Jet- Market Size & Forecast 2019-2029F, USD Million
- Widebody Jet- Market Size & Forecast 2019-2029F, USD Million
- Regional Jet- Market Size & Forecast 2019-2029F, USD Million
- Cargo- Market Size & Forecast 2019-2029F, USD Million
- General Aviation
- Single-Engine Piston Aircraft
- Twin-Engine Piston Aircraft
- Turboprop Aircraft
- Business Jets
- Amphibious Aircrafts
- Others (Rotorcraft, Aerobatic Aircraft, etc.)
- Military Aviation
- Fighter Aircraft
- Bomber Aircraft
- Reconnaissance Aircraft
- Special Mission Aircraft
- Others (Transport Aircraft, Trainer Aircraft, etc.)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Region: Asia-Pacific Holds a Major Market Share
Among all regions globally, Asia-Pacific is anticipated to dominate the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market with the largest share during 2024-29.
Leading Players Analysis: Aircraft Maintenance, Repair and Overhaul (MRO) Services Market
The report provides detailed analysis of key players in the global Aircraft Maintenance, Repair and Overhaul (MRO) Services market, highlighting their strategies and competitive scenario.
- Delta TechOps
- Lufthansa Technik AG
- Financial Details
- Air France Industries KLM Engineering & Maintenance
- Hong Kong Aircraft Engineering Company Limited (HAECO)
- PT GMF Aeroasia TBK
- Avia Solutions Group PLC
- StandardAero
- Emirates Engineering
- MTU Aero Engines AG
- Singapore Technologies Engineering Ltd
- Tap Maintenance & Engineering Ltd.
- AAR Corporation
- Textron Aviation, Inc.
- Euravia Engineering & Supply Co. Ltd
- Air India Engineering Services Ltd
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