Global Aerospace MRO Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aerospace MRO Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

MRO stands for Maintenance, Repair, and Overhaul (MRO) in the aerospace Industry. Maintenance, Repair, Overhaul (MRO) in aerospace is the repair, service, or inspection of an aircraft or component. It is essentially all of the maintenance activities that take place to ensure safety and airworthiness of all aircrafts by international standards.

Market Overview:

The latest research study on the global Aerospace MRO market finds that the global Aerospace MRO market reached a value of USD 91232.0 million in 2022. It’s expected that the market will achieve USD 136244.0 million by 2028, exhibiting a CAGR of 6.91% during the forecast period.

Restraints and Challenges

Due to the shortage of labor supply, rising labor costs, and lack of experienced labor force, the development of the industry is limited. Finding an aviation maintenance technician becomes challenging. The shortage of aviation technicians has become a global problem. The aviation equipment maintenance industry has high requirements for the quality and ability of professionals. Such professionals often graduate from professional aviation schools and have been trained for many years. The acquisition of maintenance and manufacturing capabilities depends on with the rapid development of the industry, the demand for high-end technical talents with rich experience has increased, and the competition for talents has become increasingly fierce.

The industry is a technology-intensive industry. The maintenance and manufacture of aviation airborne equipment involves many fields. Compared with traditional industries, it has higher technical content. Enterprises need a large number of professional talents and compound talents. Only through a long period of practice and technical accumulation can they gradually reach the talents in the industry required. In the field of aviation maintenance, the professional quality and technical level of maintenance personnel are one of the key factors that determine the quality of maintenance. The industry has put forward strict requirements on the work experience and qualifications of MRO personnel.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Lufthansa Technik is one of the major players operating in the Aerospace MRO market, holding a share of 39.10% in 2022.

They are the leading provider of aircraft maintenance, repair, overhaul and modification services for civil aircraft, from commercial to VIP and special mission aircraft.

AFI KLM E&M is a major multi-product MRO (Maintenance, Repair, Overhaul) provider. They offer comprehensive technical support ranging from engineering and line maintenance to engine overhaul, aero structure and fan thrust reverser support, as well as the management, repair and supply of components backed by a powerful logistics network.

Segmentation Overview:

Among different product types, Engine segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aerospace MRO market covered in Chapter 3:

MRO Holdings
AAR Corp
AFI KLM E&M
Delta TechOps
ST Engineering
MTU Aero Engines
Collins Aerospace
GE Aviation
Turkish Technic
Lufthansa Technik
SIA Engineering
Rolls-Royce
Barnes Group
HAECO
SR Technics

In Chapter 4 and Chapter 14.2, on the basis of types, the Aerospace MRO market from 2018 to 2029 is primarily split into:

Engine
Airframe
Component
Line

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aerospace MRO market from 2018 to 2029 covers:

Commercial
Military

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)