The global aircraft MRO market was valued at USD 78.6 billion in 2022 and it is predicted to surpass around USD 128.28 billion by 2032 with a CAGR of 5.02% from 2023 to 2032.
Key Pointers
Report Scope of the Aircraft MRO Market
| Report Coverage | Details |
| Market Size in 2022 | USD 78.6 billion |
| Revenue Forecast by 2032 | USD 128.28 billion |
| Growth rate from 2023 to 2032 | CAGR of 5.02% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | AAR Corp.; Airbus SE; Delta Airlines, Inc. (Delta TechOps); Hong Kong Aircraft Engineering Company Limited; KLM U.K. Engineering Limited; Lufthansa Technik; MTU Aero Engines AG; Raytheon Technologies Corporation (Previously United Technologies Corporation); Singapore Technologies Engineering Ltd; TAP Maintenance & Engineering (TAP Air Portugal) |
Rapid urbanization and the rising economic growth in emerging countries with increased business and tourism travels are expected to increase the market growth. Various external factors, such as air traffic volumes, global fleet size, and aircraft utilization, are the factors expected to significantly impact the market. Also, the increased air travel by individuals for business and personal purposes is expected to create more aircraft production, thereby substantially impacting the market.
The rise in investments in aircraft (maintenance, repair and overhaul) MRO software are also expected to create new business prospects. Aircraft MRO software consists of maintenance tracking, logbook tracking, flight time tracking, service bulletins management, maintenance scheduling, budget forecasting, electronic task card management, and work order management. For instance, in May 2021, India observed significant foreign direct investments in different sectors, including aircraft maintenance, repair, and overhaul industries. Therefore, investments and acquisitions are the factors expected to create lucrative opportunities for the market.
The market is also influenced by the regulatory compliance with organizations like the Federal Aviation Administration (FAA) and International Civil Aviation Organization (ICAO). Furthermore, the rise in demand for older planes and environmental concerns emphasize the continuous monitoring and maintenance of the older planes, thereby creating traction for the market. Furthermore, the global outburst of the COVID-19 and shutting down of travel and tourism due to strict lookdowns imposed by the governments to curb the spread hampered the revenue and profit margins of the airline industry.
The shutting down of the functioning of airlines resulted in more airlines turning to MRO to maintain fleet efficiency. Moreover, numerous government programs have been developed to encourage airports to embrace MRO as a strategic activity. Governments are currently pursuing a variety of holistic measures to ensure that enough space is available for the MRO at various airports around the country, which could boost aircraft MRO activities during the forecasted period.
The MRO industry has faced challenges such as shortage in workforce supply, rise in labor force costs, lack of an experienced workforce, and reduced interest in technical maintenance jobs from the recent graduate engineers. This is expected to affect the aircraft maintenance, repair, and overhaul (MRO) industry in the forecast period. For MRO operators, right-sourcing and outsourcing are the two options that are more relevant to MRO service providers.
Ever-increasing material prices are becoming a critical factor that affect the expansion. Due to this, MRO service providers are targeting to create strategic alliances with OEMs to get help in procuring aircraft parts and components. For instance, in November 2021, Singapore-headquartered SIA Engineering Company (SIAEC) announced that it has set up 23 joint ventures and subsidiaries across seven countries with OEMs, including Pratt & Whitney, Collins, Jamco, Rolls-Royce, GE, Safran, aiming to develop a range of MRO capabilities.
Aircraft MRO Market Segmentations:
| By Service Type | By Organization Type | By Aircraft Type | By Aircraft Generation |
|
Engine Overhaul Airframe Maintenance Line Maintenance Modification Components |
Airline/Operator MRO Independent MRO Original Equipment Manufacturer (OEM) MRO |
Narrow-body Wide-body Regional Jet Others |
Old Generation Mid Generation New Generation |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aircraft MRO Market
5.1. COVID-19 Landscape: Aircraft MRO Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aircraft MRO Market, By Service Type
8.1. Aircraft MRO Market, by Service Type, 2023-2032
8.1.1. Engine Overhaul
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Airframe Maintenance
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Line Maintenance
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Modification
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Components
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Aircraft MRO Market, By Organization Type
9.1. Aircraft MRO Market, by Organization Type, 2023-2032
9.1.1. Airline/Operator MRO
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Independent MRO
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Original Equipment Manufacturer (OEM) MRO
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Aircraft MRO Market, By Aircraft Type
10.1. Aircraft MRO Market, by Aircraft Type, 2023-2032
10.1.1. Narrow-body
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Wide-body
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Regional Jet
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Aircraft MRO Market, By Aircraft Generation
11.1. Aircraft MRO Market, by Aircraft Generation, 2023-2032
11.1.1. Old Generation
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Mid Generation
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. New Generation
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Aircraft MRO Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.1.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.2.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.3.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service Type (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Organization Type (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Aircraft Generation (2020-2032)
Chapter 13. Company Profiles
13.1. AAR Corp.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Airbus SE
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Delta Airlines, Inc. (Delta TechOps)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Hong Kong Aircraft Engineering Company Limited
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. KLM U.K. Engineering Limited
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Lufthansa Technik
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. MTU Aero Engines AG
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Raytheon Technologies Corporation (Previously United Technologies Corporation)
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Singapore Technologies Engineering Ltd
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. TAP Maintenance & Engineering (TAP Air Portugal)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers