Global Aircraft Engine MRO Market 2024-2028
The aircraft engine MRO market is forecasted to grow by USD 11.36 bn during 2023-2028, accelerating at a CAGR of 5.86% during the forecast period. The report on the aircraft engine MRO market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in MRO facilities, technological advancements in aircraft engine maintenance technologies, and an increase in aircraft deliveries.
Technavio's aircraft engine MRO market is segmented as below:
By Application
- Commercial aviation
- Military aviation
- General aviation
By Type
- Turbofan and turbojet
- Turboprop
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing adoption of 3D printing technology for aircraft engine MRO as one of the prime reasons driving the aircraft engine MRO market growth during the next few years. Also, the growing popularity of recycled aircraft parts and increasing fleet expansion and modernization of companies in the aviation industry will lead to sizable demand in the market.
The report on the aircraft engine MRO market covers the following areas:
- Aircraft engine MRO market sizing
- Aircraft engine MRO market forecast
- Aircraft engine MRO market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aircraft engine MRO market vendors that include A J Walter Aviation Ltd., AAR Corp., Ana Holdings Inc., Aviation Technical Services, AZUL SA, Delta Air Lines Inc., Deutsche Lufthansa AG, General Electric Co., Hindustan Aeronautics Ltd., IAG Aero Group, Israel Aerospace Industries Ltd., John Swire and Sons Ltd., MTU Aero Engines AG, Rolls Royce Holdings Plc, RTX Corp., Safran SA, Sanad, Singapore Airlines Ltd., Singapore Technologies Engineering Ltd., Synerjet Corp., The Boeing Co., Transportes Aereos Portugueses S.A., and Turkish Airlines. Also, the aircraft engine MRO market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.