Aircraft MRO Market Report: CAGR is Projected to 4.4%

Market Introduction

Aircraft MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.

Aircraft MRO Market Summary

According to the new market research report “Global Aircraft MRO Market Report 2023-2029”, published by QYResearch, the global Aircraft MRO market size is projected to reach USD 161.67 billion by 2029, at a CAGR of 4.4% during the forecast period.

• Global Aircraft MRO MarketSize(US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Aircraft MRO Market Report 2023-2029.

Market Drivers:

Safety compliance requirements: The aviation industry has extremely high requirements for aircraft safety, driving the need for maintenance quality and compliance.

Technology upgrades and aircraft complexity: The upgrades in aircraft technology and the increase in complexity make professional MRO services more necessary.

Global supply chain: The global supply chain system allows MRO service providers to obtain the required parts and services more conveniently.

Restraint:

Challenges of technological change: The application of new technologies requires employees to constantly update their skills, which may bring about training and transformation challenges.

Global Economic Fluctuations: Global economic instability may cause airlines to reduce maintenance budgets, affecting the MRO market.

Policy and regulatory changes: Changes in policies and regulations specific to the aviation industry can have a significant impact on MRO services.

Opportunity:

Global Aviation Industry Growth: As global air travel demand increases, the aviation maintenance market will also expand.

Maintenance needs of aging aircraft: As the age of aircraft increases, the maintenance needs of aging aircraft gradually increase, providing business opportunities for MRO.

Application of new technologies: The continuous application of new technologies provides MRO with more efficient and innovative service methods.

• Global Aircraft MRO Top26Players Ranking and Market Share（Continually updated）

Based on or includes research from QYResearch: Global Aircraft MRO Market Report 2023-2029.

According to QYResearch Top Players Research Center, the global key manufacturers of Aircraft MRO include GE Aerospace, Airbus, Lufthansa Technik, Rolls-Royce, AFI KLM E&M, MTU Maintenance, ST Aerospace, Haeco, SR Technics (Mubadala Aerospace), AAR Corp., etc. In 2022, the global top 10 players had a share approximately 42% in terms of revenue.

• Aircraft MRO,Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Aircraft MRO Market Report 2023-2029.

In terms of product type, currently Engine is the largest segment, hold a share of 42%.

• Aircraft MRO,Global Market Size, Split by ApplicationSegment

Based on or includes research from QYResearch: Global Aircraft MRO Market Report 2023-2029.

In terms of product application, Civil Application is the largest application, hold a share of 68%

• Aircraft MRO,Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Aircraft MRO Market Report 2023-2029.

Contact Us

If you have any queries regarding this report or if you would like further information, please contact us:

QY Research Inc.

Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States

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E-mail: global@qyresearch.com

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About QYResearch

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