“Aviation MRO Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aviation mro market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for aviation mro? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aviation mro market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Service Type: Engine Overhaul; Airframe Maintenance; Line Maintenance; Modification; Other Service Types
- 2) By Aircraft Type: Narrow Body; Wide Body; Regional Jet; Other Aircraft Types
- 3) By End User: Original Equipment Manufacturer (OEM); Aircraft Operator; Other End Users
- Companies Mentioned: Delta Airlines Inc.; AAR Corp.; Hong Kong Aircraft Engineering Company Limited; Airbus SE; Singapore Technologies Engineering Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Aircraft MRO, which stands for maintenance, repair, and overhaul, encompasses a set of crucial services designed to ensure the optimal condition and performance of aircraft. These services encompass all essential repairs and maintenance necessary for the aircraft's operational well-being.
The primary categories within aviation MRO include engine overhaul, airframe maintenance, line maintenance, modification, and various ancillary services. Engine overhaul involves the comprehensive repair of an aircraft engine, either through complete disassembly and subsequent repairs or on-site repairs. Aircraft variations encompass narrow-body, wide-body, regional jets, and other specific types. These services cater to a diverse range of clients, including original equipment manufacturers (OEMs), aircraft operators, and various end users.
The aviation MRO market research report is one of a series of new reports from The Business Research Company that provides aviation MRO market statistics, including aviation MRO industry global market size, regional shares, competitors with an aviation MRO market share, detailed aviation MRO market segments, market trends and opportunities and any further data you may need to thrive in the aviation MRO industry. This aviation MRO market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aviation mro market size has grown strongly in recent years. It will grow from $73.68 billion in 2023 to $79.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period was influenced by several factors such as the expansion of aircraft fleets, increased attention to the maintenance of aging aircraft, the growing trend of outsourcing maintenance services, a heightened emphasis on safety and reliability, and the overall rise in global air traffic.
The aviation mro market size is expected to see strong growth in the next few years. It will grow to $104 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period is expected due to the expansion and modernization of aircraft fleets, a shift towards data-driven maintenance practices, the increasing significance of aviation in emerging markets, regulatory adjustments and adherence, and the continued trend of outsourcing MRO services. Some major trends foreseen in this period encompass the emergence of new competitors, a heightened focus on sustainability initiatives, the adoption of predictive maintenance strategies, an increased preference for outsourcing, compliance with regulatory standards for safety, and ongoing advancements in aircraft technology.
The anticipated growth in air travel is poised to drive the expansion of the aviation Maintenance, Repair, and Overhaul (MRO) market. As the preferred mode of transportation for international trips, air travel continues to witness increased demand. Notably, in April 2022, the International Air Transport Association reported a surge of 78.7% in air travel demand compared to April 2021. Projections from the association suggest a further increase, with an expected total of 7.8 billion passengers by 2036. This upward trajectory in air travel underscores the crucial role of aviation MRO services in maintaining and ensuring the airworthiness of aircraft.
The growing demand for aircraft is a significant factor propelling the aviation MRO market forward. Aircraft, serving diverse purposes such as passenger and cargo transport, military applications, surveillance, and recreation, necessitate routine maintenance and timely access to spare parts. Statistics from the Bureau of Infrastructure and Transport Research Economics (BITRE) highlight a 1.7% increase in Regular Public Transport (RPT) aircraft trips in June 2023 compared to the same period in 2022. This heightened demand for aircraft underscores the essential role of aviation MRO services in sustaining and enhancing the operational capabilities of aircraft.
A notable trend in the aviation MRO market is the emphasis on technological innovations. Leading companies are introducing cutting-edge products such as the Traxxall cloud-based MRO modules to fortify their market positions. Traxxall's innovative module, launched in September 2021, leverages cloud technology to provide comprehensive visibility into ongoing projects, resource allocation, labor costs, and billing. This technological advancement reflects the industry's commitment to enhancing efficiency and transparency in aircraft maintenance tracking, workforce management, and accounting within the aviation MRO sector.
Prominent players in the aviation Maintenance, Repair, and Overhaul (MRO) market are leveraging artificial intelligence (AI) to consolidate their market positions. The integration of AI in aviation MRO operations yields significant benefits, including the prediction of equipment failures, optimization of maintenance schedules, and automation of routine tasks. A notable example is the introduction of EMX Vision by EmpowerMX, a US-based software development company, in October 2023. EMX Vision represents an AI-based module that revolutionizes MRO planning and execution. By harnessing the power of AI and machine learning, EMX Vision enables MRO organizations to enhance profitability while maintaining or reducing operational costs. Its capabilities include accurate forecasting of operational dimensions, efficient cost management, and resource allocation. The module can predict material requirements based on work schedules and historical data.
In January 2023, Airbus Helicopters, a renowned French manufacturer of commercial helicopters and airliners, acquired ZF Luftfahrttechnik. This acquisition not only expands Airbus Helicopters' MRO capabilities but also enhances its overall value proposition for stakeholders. ZF Luftfahrttechnik, based in Germany, is a specialized provider of helicopter MRO services, and this strategic acquisition underscores the industry's commitment to advancing MRO capabilities through strategic partnerships and technological integration.
Major companies operating in the aviation mro market report are Delta Airlines Inc., AAR Corp., Hong Kong Aircraft Engineering Company Limited, Airbus SE, Singapore Technologies Engineering Limited, KLM UK Engineering Limited, Lufthansa Technik AG, MTU Aero Engines AG, Raytheon Technologies Corporation, SIA Engineering Company Limited, TAP Maintenance & Engineering, SR Technics AG, British Airways Ltd., Air-France Industries KLM Engineering & Maintenance Group, Bombardier Inc., GE Aviation Inc., L3Harris Technologies Inc., Singapore Technologies Aerospace, AJW Group, Ameco Beijing, JAL Engineering, AFI KLM Engineering & Maintenance, Erickson Aircraft Services, Jet Aviation, StandardAero, Air Works Group, Gama Aviation, International Air Transport, BAE Systems, Collins Aerospace, Honeywell Aerospace, Pratt & Whitney .
North America was the largest region in the aviation MRO market in 2023. The regions covered in the aviation mro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aviation mro market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aircraft MRO market includes revenues earned by entities by providing services such as inspection, repair and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Aviation MRO Market Characteristics
3. Aviation MRO Market Trends And Strategies
4. Aviation MRO Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On the Market
- 4.2. Ukraine-Russia War Impact On the Market
- 4.3. COVID-19 Impact On the Market
5. Global Aviation MRO Market Size and Growth
- 5.1. Global Aviation MRO Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Aviation MRO Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Aviation MRO Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Aviation MRO Market Segmentation
- 6.1. Global Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Other Service Types
- 6.2. Global Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Narrow Body
- Wide Body
- Regional Jet
- Other Aircraft Types
- 6.3. Global Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Original Equipment Manufacturer (OEM)
- Aircraft Operator
- Other End Users
7. Aviation MRO Market Regional And Country Analysis
- 7.1. Global Aviation MRO Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Aviation MRO Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Aviation MRO Market
- 8.1. Asia-Pacific Aviation MRO Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Aviation MRO Market
- 9.1. China Aviation MRO Market Overview
- 9.2. China Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Aviation MRO Market
- 10.1. India Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Aviation MRO Market
- 11.1. Japan Aviation MRO Market Overview
- 11.2. Japan Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Aviation MRO Market
- 12.1. Australia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Aviation MRO Market
- 13.1. Indonesia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Aviation MRO Market
- 14.1. South Korea Aviation MRO Market Overview
- 14.2. South Korea Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Aviation MRO Market
- 15.1. Western Europe Aviation MRO Market Overview
- 15.2. Western Europe Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Aviation MRO Market
- 16.1. UK Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Aviation MRO Market
- 17.1. Germany Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Aviation MRO Market
- 18.1. France Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Aviation MRO Market
- 19.1. Italy Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Aviation MRO Market
- 20.1. Spain Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Aviation MRO Market
- 21.1. Eastern Europe Aviation MRO Market Overview
- 21.2. Eastern Europe Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Aviation MRO Market
- 22.1. Russia Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Aviation MRO Market
- 23.1. North America Aviation MRO Market Overview
- 23.2. North America Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Aviation MRO Market
- 24.1. USA Aviation MRO Market Overview
- 24.2. USA Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Aviation MRO Market
- 25.1. Canada Aviation MRO Market Overview
- 25.2. Canada Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Aviation MRO Market
- 26.1. South America Aviation MRO Market Overview
- 26.2. South America Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Aviation MRO Market
- 27.1. Brazil Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Aviation MRO Market
- 28.1. Middle East Aviation MRO Market Overview
- 28.2. Middle East Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Aviation MRO Market
- 29.1. Africa Aviation MRO Market Overview
- 29.2. Africa Aviation MRO Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Aviation MRO Market, Segmentation By Aircraft Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Aviation MRO Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Aviation MRO Market Competitive Landscape And Company Profiles
- 30.1. Aviation MRO Market Competitive Landscape
- 30.2. Aviation MRO Market Company Profiles
- 30.2.1. Delta Airlines Inc.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. AAR Corp.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Hong Kong Aircraft Engineering Company Limited
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Airbus SE
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Singapore Technologies Engineering Limited
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Global Aviation MRO Market Competitive Benchmarking
32. Global Aviation MRO Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aviation MRO Market
34. Aviation MRO Market Future Outlook and Potential Analysis
- 34.1 Aviation MRO Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Aviation MRO Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Aviation MRO Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer