Global Maintenance Repair and Operations (MRO) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Maintenance Repair and Operations (MRO) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

MRO (maintenance, repair, and operating supply) items are supplies utilized in the production process, that is not ultimately seen in the end products themselves. 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 Maintenance Repair and Operations (MRO) market finds that the global Maintenance Repair and Operations (MRO) market reached a value of USD 81219.49 million in 2022. It’s expected that the market will achieve USD 124369.89 million by 2028, exhibiting a CAGR of 7.36% during the forecast period.

Increased number of flights

The increase in passenger loads worldwide is one of the biggest opportunities for airline service providers and aircraft manufacturers. The number of flights performed globally by the airline industry increased steadily since the early 2000s and reached 38.9 million in 2019. However, due to the coronavirus pandemic, the number of flights dropped to 16.9 million in 2020. ICAO latest analysis of global air traffic reveals clear signs of a strong global recovery in air traffic, characterized by increasing airline confidence and a range of regional air connectivity and air travel facilitation improvements. The number of air passengers carried from January to April 2022 increased by 65% compared to the same period in 2021, while aircraft flight departures increased by 30%. Airline seat capacity grew by 32% during the same period, and with continuing supportive conditions for increases in air travel demand expected, ICAO is projecting a stronger overall rate of recovery this year compared to last. The increase in the number of flights is conducive to driving the development of the aviation MRO market.

Region Overview:

In 2021, the share of the Maintenance Repair and Operations (MRO) market in Asia Pacific stood at 36.06%.

Company Overview:

Lufthansa Technik, AFI KLM E&M, MTU Aero Engines were the top 3 players in the Maintenance Repair and Operations (MRO) market in 2022, taking up a market share of 16.02% together.

Lufthansa Technik AG provides aircraft technical services. The Company offers maintenance, repair, overhaul, engine, landing gear, component, cockpit, and cable products, and modification services for civil aircrafts.

Air France Industries-KLM Engineering & Maintenance (AFI-KLM E&M) provides maintenance, repair, and overhaul services (MRO) and is the second largest multi-product provider in the world. AFI-KLM E&M provides comprehensive technical support and services to airlines ranging from line engineering and maintenance, to engine and APU maintenance, as well as structural and cabin modifications, spare parts procurement management for aircraft components, aerostructures and FTR support, in-flight services, and technical training.

Segmentation Overview:

Among different product types, Engine MRO segment is anticipated to contribute the largest market share in 2027.

Engine MRO services involve wing repairs, preventive maintenance and modifications, and restoration of engine design operating conditions. Engine repairs must be disassembled, inspected, repaired or replaced with necessary parts, reassembled and tested. Due to the extremely precise and complex structure of the aero-engine itself, its maintenance technical requirements are high, difficult, and require expensive disassembly and maintenance costs.

Components MRO mainly involves avionics equipment, auxiliary power unit APU, cabin equipment, etc. These devices provide the aircraft with basic functions including aircraft control and navigation, communication control surface movement, power supply, piloting, etc. A typical air transport aircraft is loaded with a large variety of equipment and parts from dozens of OEMs. Therefore, the Components MRO market is very fragmented.

Line MRO includes some simple inspections and more routine operational maintenance to keep the aircraft in good flying condition. Line MRO includes fault handling, defect rectification and component replacement, etc. Usually Line MRO is mainly operated by the airline itself.

Airframe MRO is to carry out routine inspection, maintenance and preventive maintenance on the airframe regularly. In a broader concept, airframe maintenance also includes aircraft modification. Airframe maintenance requires the aircraft to be taken out of flight service for a period of time after a certain interval, which is generally predetermined in advance. Whether it is an individual airline or a national airline, it is necessary to follow aviation safety regulations and determine the airframe maintenance schedule.

Modifications is an alteration that cannot be done by elementary operation and might appreciably affect weight, balance, structural strength, performance, power plant operation, flight characteristics, or other quality affecting airworthiness. Changes (or modifications) to an aircraft, engine or propeller are any change to the approved type design. The modifications may be physical such as the installation of a new system or replacement of a part for one of a new part number but could also only be a change to documentation such as the Aircraft Flight Manual (AFM) or Operational Suitability Data (OSD).

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Maintenance Repair and Operations (MRO) market covered in Chapter 3:

Raytheon Technologies
Bombardier
SIA Engineering Company
MTU Aero Engines
Lufthansa Technik
Boeing
Air Transport Services Group
AFI KLM E&M
MRO Holdings
Rolls-Royce Holding
AAR Corp
SR Technics
HAECO
GE Aerospace
Barnes Group
Airbus
Aviation Technical Services
Delta TechOps
ST Engineering
Turkish Technic

In Chapter 4 and Chapter 14.2, on the basis of types, the Maintenance Repair and Operations (MRO) market from 2018 to 2029 is primarily split into:

Engine MRO
Components MRO
Line MRO
Airframe MRO
Modifications

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Maintenance Repair and Operations (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)