Global Aircraft Engine MRO Market Growth (Status and Outlook) 2023-2029

Global Aircraft Engine MRO Market Growth (Status and Outlook) 2023-2029

Aircraft Engine MRO is the description of maintenance repair and overhaul to aircraft engine, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of its engines. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.

The MRO system can be understood as a complex socio-technical system organized and operated to achieve aircraft availability and operation safety at minimal cost. As a complex socio-technical system, it consists of various layers: The environmental context, organizational structure, management, infrastructure, workers and the technical core.

LPI (LP Information)' newest research report, the “Aircraft Engine MRO Industry Forecast” looks at past sales and reviews total world Aircraft Engine MRO sales in 2022, providing a comprehensive analysis by region and market sector of projected Aircraft Engine MRO sales for 2023 through 2029. With Aircraft Engine MRO sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aircraft Engine MRO industry.

This Insight Report provides a comprehensive analysis of the global Aircraft Engine MRO landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aircraft Engine MRO portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aircraft Engine MRO market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aircraft Engine MRO and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aircraft Engine MRO.

The global Aircraft Engine MRO market size is projected to grow from US$ 36530 million in 2022 to US$ 66440 million in 2029; it is expected to grow at a CAGR of 8.9% from 2023 to 2029.

Global Aircraft Engine MRO key players include GE, Rolls-Royce, MTU Maintenance, Lufthansa Technik, Pratt & Whitney, etc. Global top five manufacturers hold a share over 50%.

North America is the largest market, with a share over 35%, followed by Europe and Asia Pacific, both have a share over 40%.

In terms of product, Overhaul is the largest segment, with a share over 60%. And in terms of application, the largest application is Civil Aircraft, followed by Military Aircraft, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aircraft Engine MRO market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Maintenance

Repair

Overhaul

Segmentation by application

Civil Aircraft

Military Aircraft

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

GE

Rolls-Royce

MTU Maintenance

Lufthansa Technik

Pratt & Whitney

Air France/KLM

Snecma

Delta TechOps

Standard Aero

BBA Aviation

Chromalloy

ITP

Air New Zealand

Bet Shemesh

IAI

Wood Group Turbopower

Sigma Aerospace

Hellenic Aerospace

Sabraliner

Asia Pacific Aerospace

Please note: The report will take approximately 2 business days to prepare and deliver.