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

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

Aircraft MRO is the description of maintenance repair and overhaul to aircraft, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of aircraft. 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.
LPI (LP Information)' newest research report, the “Aircraft MRO Industry Forecast” looks at past sales and reviews total world Aircraft MRO sales in 2022, providing a comprehensive analysis by region and market sector of projected Aircraft MRO sales for 2023 through 2029. With Aircraft MRO sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aircraft MRO industry.
This Insight Report provides a comprehensive analysis of the global Aircraft 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 MRO portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aircraft MRO market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aircraft 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 MRO.
The global Aircraft MRO market size is projected to grow from US$ 88830 million in 2022 to US$ 113230 million in 2029; it is expected to grow at a CAGR of 3.5% from 2023 to 2029.
Global Aircraft MRO key players include GE Aviation, Rolls-Royce, Lufthansa Technik, AFI KLM E&M, etc. Global top four manufacturers hold a share over 30%.
United States is the largest market, with a share about 35%, followed by China, and Europe, both have a share over 30 percent.
In terms of product, Engine is the largest segment, with a share over 40%. And in terms of application, the largest application is BGA, followed by Air Transport.
This report presents a comprehensive overview, market shares, and growth opportunities of Aircraft MRO market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Engine Maintenance
Components Maintenance
Airframe Heavy Maintenance
Line Maintenance Modification
Segmentation by application
Air Transport
BGA
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.
Lufthansa Technik
GE Aviation
AFI KLM E&M
ST Aerospace
MTU Maintenance
AAR Corp.
Rolls-Royce
SR Technics (Mubadala Aerospace)
SIA Engineering
Delta TechOps
Haeco
JAL Engineering
Ameco Beijing
Pratt&Whitney
ANA
Korean Air
Iberia Maintenance

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