Commercial Wide-Body and Narrow-Body Aircraft MRO Market Research Report By MRO Type (Airframe Heavy Maintenance MRO, Engine MRO, Component MRO, Line Maintenance, and Modifications MRO), by Aircraft Type (Wide-body Aircraft{B747, B777, B787, A350, A330, B767, and Others}, and Narrow-body Aircraft{B737, A320, A220, and Others}), by Service Provider (Third Party/Independent MRO, and OEM-Affiliated MRO), and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South & Central America) Industry Forecast Till 2032
In 2023, the commercial wide-body and narrow-body aircraft maintenance and repair market was estimated to be worth USD 69,277.1 million. With a compound annual growth rate (CAGR) of 5.4% from 2024 to 2032, the Commercial Wide-Body and Narrow-Body Aircraft MRO Market is expected to increase from USD 72,800.9 million in 2024 to USD 1,10,959.8 million by 2032.
Narrow-body and wide-body aircraft MRO stands for maintenance, repair, and overhaul of wide-body and narrow-body aircraft. It outlines the technical support services that encompass big passenger aircraft maintenance, repairs, and overhauls. The wide-body aircraft fleet is maintained for these services in order to ensure its continuous airworthiness, safety, and performance for use in commercial passenger transportation.
The fast expansion of airlines, the outsourcing of MRO operations, and the growing OEM focus on MRO applications are the key drivers of growth in the global wide-body and narrow-body aircraft maintenance, repair, and overhaul (MRO) sector. However, the high cost of aircraft repairs, the retirement of well-maintained aircraft, and environmental concerns limit this increase. The aging of commercial aircraft, the demand for better and more environmentally friendly transformation, and the expansion of MRO services in developing countries, however, present opportunities. Nonetheless, there are still issues with adopting technology and satisfying sustainability requirements.
Perspectives on Market SegmentsAirframe Heavy Maintenance MRO, Engine MRO, Component MRO, Line Maintenance, and Modifications MRO are the different segments of the Commercial Wide-Body and Narrow-Body Aircraft MRO Market based on MRO Type.
The market has been divided into two segments based on the type of aircraft: narrow-body and wide-body.
The market has been divided into passenger cars, light commercial vehicles, heavy commercial vehicles, and others based on the kind of vehicle.
The Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been divided into OEM-Affiliated MRO and Third Party/Independent MRO based on Service Provider.
Regional PerspectivesThe commercial aviation sector in Asia-Pacific is anticipated to make notable advancements in future. The strong demand for new narrow-body aircraft, which will also contribute to an increase in MRO services, is the primary driver of this expansion. One-third of all commercial aircraft are currently used in the Asia-Pacific area, and by 2031, it is expected that this number would have risen to over 13,000 aircraft. It is also crucial to note that the airline industry is expected to continue growing, with an estimated fleet that already exceeds one-third of other regional airlines. Due to longer airline lease agreements, which also increase MRO demand, the average age of aircraft in the Asia-Pacific area has increased to 18–24 years.
Key PlayersARR Corp., Delta Techops, Aviation Technical Services, Emirates Engineering, Gulf Aircraft Engineering & Services, Aerostructures Middle East Services (AMES), Ethad Engineering, Lufthansa Technik Middle East, Texel Air Middle East, Hong Kong Aircraft Engineering Company Ltd. (HAECO), SIA Engineering Company (SIAEC), Singapore Technologies Engineering Ltd., GMF Aeroasia, Standardaero, Guangzhou Aircraft Maintenance Engineering Company Ltd (GAMECO), and Others are important players in the commercial wide-body and narrow-body aircraft maintenance and repair markets.