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 Insights

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).

Rapid urbanization and rising economic growth in emerging countries, along with increased business and tourism travel, are likely to drive market expansion. External factors such as air traffic volumes, global fleet size, and aircraft utilization are projected to have a substantial impact on the industry. Furthermore, rising air travel by individuals for business and pleasure is predicted to increase aircraft production, having a significant impact on the market.

US Aircraft MRO Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Aircraft MRO Market

Report ID: SQMIG20S2009

$5,300
BUY NOW GET FREE SAMPLE