Global Aircraft MRO Market

Aircraft MRO Market Size, Share, Growth Analysis, By Type (Engine Overhaul, Airframe Maintenance), By Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft), By Service Provider, By End-User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG20S2009 | Region: Global | Published Date: November, 2024
Pages: 285 | Tables: 120 | Figures: 77

Aircraft MRO Market Competitive Landscape

The aviation MRO market is prevalent worldwide since practically every country has airports, and airplanes can require maintenance, repair, and operating help anywhere and at any time. Because demand is driven by need, the market is highly fragmented, with competitors providing varying levels of service. As technology advances at a quick pace, the number of new participants in the airplane MRO market is rapidly increasing. The established companies in this sector have been able to tighten their grip on the industry by expanding operations around the world.

Aircraft MRO Market Top Players Company Profiles

  • GE Aviation (USA) 
  • Lufthansa Technik AG (Germany) 
  • Safran SA (France) 
  • AAR Corp. (USA) 
  • Delta TechOps (Delta Air Lines Inc.) (USA) 
  • Hong Kong Aircraft Engineering Co. Ltd. (HAECO) (Hong Kong) 
  • SIA Engineering Company Ltd. (Singapore) 
  • TAP Maintenance & Engineering (Portugal) 
  • Singapore Technologies Engineering Ltd. (Singapore) 
  • MTU Aero Engines AG (Germany) 
  • Rolls-Royce plc (UK) 
  • Emirates Engineering (UAE) 
  • StandardAero (USA) 
  • AFI KLM E&M (Netherlands) 
  • Avia Solutions Group PLC (Lithuania) 
  • Garuda Indonesia (GMF AeroAsia) (Indonesia) 
  • Raytheon Technologies Corporation (USA) 
  • Textron Aviation (USA) 
  • Iberia Maintenance (Spain) 
  • Qantas Engineering (Australia) 

Aircraft MRO Market Recent Development

  • In November 2021, Safran Landing Systems announced the signing of a five-year deal with the Chinese airline China Eastern to perform landing gear repair on 31 Airbus A330 aircraft. These procedures will be carried out in Safran's Singapore facility.
  • In October 2021, AAR, a prominent provider of MRO services to commercial and government operators, announced the renewal of its power-by-the-hour (PBH) component pool and repair support for flydubai's Boeing 737NG fleet. The new five-year deal expands on a 2016 partnership to provide comprehensive rotating component support for flydubai's 737NG fleet.
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Aircraft MRO Market size was valued at USD 95.63 Billion in 2023 and is poised to grow from USD 100.32 Billion in 2024 to USD 147.08 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).

The aviation MRO market is prevalent worldwide since practically every country has airports, and airplanes can require maintenance, repair, and operating help anywhere and at any time. Because demand is driven by need, the market is highly fragmented, with competitors providing varying levels of service. As technology advances at a quick pace, the number of new participants in the airplane MRO market is rapidly increasing. The established companies in this sector have been able to tighten their grip on the industry by expanding operations around the world. 'GE Aviation (USA) ', 'Lufthansa Technik AG (Germany) ', 'Safran SA (France) ', 'AAR Corp. (USA) ', 'Delta TechOps (Delta Air Lines Inc.) (USA) ', 'Hong Kong Aircraft Engineering Co. Ltd. (HAECO) (Hong Kong) ', 'SIA Engineering Company Ltd. (Singapore) ', 'TAP Maintenance & Engineering (Portugal) ', 'Singapore Technologies Engineering Ltd. (Singapore) ', 'MTU Aero Engines AG (Germany) ', 'Rolls-Royce plc (UK) ', 'Emirates Engineering (UAE) ', 'StandardAero (USA) ', 'AFI KLM E&M (Netherlands) ', 'Avia Solutions Group PLC (Lithuania) ', 'Garuda Indonesia (GMF AeroAsia) (Indonesia) ', 'Raytheon Technologies Corporation (USA) ', 'Textron Aviation (USA) ', 'Iberia Maintenance (Spain) ', 'Qantas Engineering (Australia) '

Rising investments in aviation MRO software is expected to create new growth prospects for the global Aircraft MRO market. Aircraft MRO software contains software components for maintenance monitoring, maintenance scheduling, logbook tracking, budget forecasting, manuals, flying time tracking, electronic task card management, service bulletin management, and work order administration. 

The narrow-body aircrafts are smaller airplanes suitable for short-distance cross-border and domestic flights. Because of its small size narrow-body aircraft may carry over 295 passengers over a short distance route.

Asia Pacific accounted for the largest market share in 2022 and is predicted to remain the dominant region with the fastest CAGR over the forecast period. The Asia Pacific region operates one-third of all global aircraft, and this figure is likely to rise throughout the forecast period. Because of innovative and widely available MRO alternatives, airlines in this industry can extend the life of their air fleets. MRO providers frequently target the Asia Pacific market because it provides them with additional clients, attractive investment options, and lower labor costs.

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Global Aircraft MRO Market

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