Aviation MRO Market by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components), Aircraft Type (Narrow-body, Wide-body, Regional Jet, Turboprop, Rotary-wing Aircraft), & Geography - Global Forecasts to 2030

Aviation MRO Market by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components), Aircraft Type (Narrow-body, Wide-body, Regional Jet, Turboprop, Rotary-wing Aircraft), & Geography - Global Forecasts to 2030

Aviation MRO Market by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, and Components), Aircraft Type (Narrow-body, Wide-body, Regional Jet, Turboprop, Rotary-wing Aircraft), & Geography - Global Forecasts to 2030

The research report titled, ‘Aviation MRO Market by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, and Components), Aircraft Type (Narrow-body, Wide-body, Regional Jet, Turboprop, Rotary-wing Aircraft), & Geography - Global Forecasts to 2030’, provides in-depth analysis of aviation MRO market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global aviation MRO market is projected to reach $87.43 billion by 2030, at a CAGR of 3.9% during the forecast period of 2023–2030.

The growth of the aviation MRO market is driven by the rising investments in aircraft MRO, the growth in air travel, and increasing government focus on the aviation sector. However, stringent regulations in the aviation sector restrain the growth of this market. The increasing demand for remote maintenance & repair systems is expected to create market growth opportunities. However, the shortage of trained personnel is a challenge for the players operating in this market. Additionally, digital MRO is a prominent trend in the aviation MRO market.

Based on service type, the aviation MRO market is segmented into engine overhaul, airframe maintenance, line maintenance, modification, and components. In 2023, the engine overhaul segment is expected to account for the largest share of the global aviation MRO market. This segment is also projected to register the highest CAGR during the forecast period. The growth of this segment is mainly attributed to the increasing need to inspect aircraft engines, the rising demand for new aircraft engines, and the growing need to conduct a mechanical inspection of an aircraft engine to diagnose any potential problems.

Based on aircraft type, the aviation MRO market is broadly segmented into fixed-wing aircraft and rotary-wing aircraft. In 2023, the fixed-wing aircraft segment is expected to account for the largest share of the global aviation MRO market. The large market share of this segment is mainly attributed to the increasing need to ensure the safety and reliability of fixed-wing aircraft, the need for maintenance and repair of various fixed-wing aircraft components, and the growing need to perform overhaul and repair services on engines, avionics, landing gear in fixed-wing aircraft. However, the rotary-wing aircraft segment is projected to register the highest CAGR during the forecast period.

Based on geography, the global aviation MRO market is segmented into five major regions: Europe, Asia-pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global aviation MRO market, followed by North America, Europe, Latin America, and the Middle East & Africa. The large market share of this segment is attributed to the increasing demand for engine MRO services, the growing need to ensure compliance with the regulatory requirements set by aviation authorities, and the increasing need to extend the life of an aircraft and ensure its airworthiness, safety, and reliability.

The region has experienced significant growth in the aircraft fleet over the past decade, which has increased the demand for engine MRO services and is expected to lead the market during the forecast period. This has resulted in several MRO service providers from the U.S. and Europe establishing their maintenance facilities in this region. Also, several airlines have partnered with engine MRO service providers to develop in-house capabilities and reduce overseas maintenance costs. Such developments are driving the growth of the aviation MRO market in Asia-Pacific.

Key Players:

The key players operating in the aviation MRO market are AAR CORP. (U.S.), Airbus SE (Netherlands), Delta Air Lines, Inc. (U.S.), Hong Kong Aircraft Engineering Company Limited (China), KLM UK Engineering Limited (U.K.), Lufthansa Technik AG (Germany), MTU Aero Engines AG (Germany), Raytheon Technologies Corporation (U.S.), Singapore Technologies Engineering Ltd. (Singapore), and TAP Maintenance & Engineering (Portugal).

Key questions answered in the report:

Which are the high growth market segments in terms of service type, aircraft type and countries?
What is the historical aviation MRO market across the globe?
What are the market forecasts and estimates from 2023–2030?
What are the major drivers, restraints, and opportunities in the global aviation MRO market?
Who are the major players in the global aviation MRO market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global aviation MRO market?
What are the different strategies adopted by the major players in the global aviation MRO market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the global aviation MRO market and how do they compete with the other players?

Scope of the report:

Aviation MRO Market, by Service Type

Engine Overhaul
Airframe Maintenance
Line Maintenance
Modification
Components

Aviation MRO Market, by Aircraft Type

Fixed-wing Aircraft
Narrow-body
Wide-body
Regional Jet
Turboprop
Rotary-wing Aircraft

Aviation MRO Market, by Geography

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Ireland
Turkey
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
UAE
Saudi Arabia
Jordan
Rest of Middle East
Africa

Aviation MRO Market - Report Summary

Report Metrics	Details
Years Considered	2023 - 2030
Base Year	2022
Forecast Period	2023-2030
Page Count	171
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Service Type, Market by Aircraft Type, and Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	AAR Corp. (U.S.), Airbus SE (Netherlands), Hong Kong Aircraft Engineering Company Limited (China), KLM UK Engineering Limited (U.K.), Lufthansa Technik AG (Germany), Delta Air Lines, Inc. (U.S.), MTU Aero Engines AG (Germany), Raytheon Technologies Corporation (U.S.), Singapore Technologies Engineering Ltd (Singapore), and TAP Maintenance & Engineering (Portugal)

FAQs About the Report

What is the value of revenue generated from aviation MRO services across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global aviation MRO market is expected to reach USD 87.4 billion by 2030 from an estimated USD 66.6 billion in 2023, at a CAGR of 3.9% during the forecast period (2023–2030).

Which service type segment showcases high growth opportunities for the aviation MRO market players?

Based on service type, in 2023, the engine overhaul segment is expected to account for the largest share of the global aviation MRO market. However, the line maintenance segment is projected to register the highest CAGR during the forecast period.

Which aircraft type segment is projected to create more traction in the aviation MRO market?

Based on aircraft type, in 2023, the fixed-wing aircraft segment is expected to account for the largest share of the global aviation MRO market. However, the rotary-wing aircraft segment is projected to register the highest CAGR during the forecast period.

What are the key factors driving the growth of the aviation MRO market? What are the major opportunities for existing market players and new entrants in the market?

The growth of the aviation MRO market is driven by the rising investments in aircraft MRO, the growth in air travel, and increasing government focus on the aviation sector. The increasing demand for remote maintenance & repair systems is expected to create market growth opportunities.

Who are the major players operating in the global aviation MRO market?

The key players operating in the global aviation MRO market are AAR Corp. (U.S.), Airbus SE (Netherlands), Hong Kong Aircraft Engineering Company Limited (China), KLM UK Engineering Limited (U.K.), Lufthansa Technik AG (Germany), Delta Air Lines, Inc. (U.S.), MTU Aero Engines AG (Germany), Raytheon Technologies Corporation (U.S.), Singapore Technologies Engineering Ltd (Singapore), and TAP Maintenance & Engineering (Portugal)

Which regions/countries are expected to witness significant demand for the aviation MRO market in the coming years?

Asia-Pacific dominates the global aviation MRO market and is expected to grow at the highest growth rate over the coming years.