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Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Size & Insights

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.

What are the Key DROs in the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market?

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.

What are the Key Segments in the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market?

The Aircraft Maintenance, Repair and Overhaul (MRO) Services is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

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By Type of Aircraft

• Commercial Aviation

  • Narrow body Jet

  • Widebody Jet

  • Regional Jet

  • Cargo

• 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.

The increasing air travel by individuals & the surging air cargo has led to a surge in the demand for commercial aviation. 

How does geographical analysis highlight in the Aircraft Maintenance, Repair and Overhaul (MRO) Services market?

By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

Asia-Pacific countries like China, India, and others are witnessing rapid economic growth & inclination toward e-commerce due to changing consumer behavior. 

Who are the Key Players in Aircraft Maintenance, Repair and Overhaul (MRO) Services Market?

• 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 and others.

  
  
  
  

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Aircraft Maintenance, Repair and Overhaul (MRO) Services Market News

• 2023: AAR Corp. announced to provide airframe MRO services to the existing fleet of United Airlines till 2030.

• 2022: Delta TechOps announced an agreement with CFM International to provide engine overhaul MRO services for their next-generation LEAP-1B aircraft engine.

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