Business Jet MRO Market Size, Share, By MRO Type (Engine MRO, Component MRO, Interior MRO, Airframe MRO, Avionics MRO, Field Maintenance, and Others), Aircraft Type (Light Size, Mid-Size, Large Cabin, Ultra-Long-Range Aircraft, and Others), End-User (Business Jet Operators, Aircraft Manufacturers, Government and Regulatory Bodies, and Others), and By Region - Trends, Analysis, and Forecast till 2035
MRO refers to the maintenance, repair, and overhaul of various components within an aircraft. Its primary purpose is to keep aircraft in optimal working condition and extend its operational lifespan. The business jet MRO is a critical part of the aviation industry, which ensures safety, efficiency, durability, and compliance to meet the regulatory standards. Additionally, it helps aircraft save money by keeping and repairing its planes, which facilitates in extending its lifespan, and hence are cost-effective.
Business Jet MRO Market Report Highlights:
Business jet MRO market size is projected to grow at USD 40.20 Billion by 2035.
The target market size was valued at USD 29.23 Billion in 2024.
The market is growing at a CAGR of 3.5%.
North America has the highest in the business jet MRO market share.
Asia Pacific is estimated to have the highest growth rate during the forecast period.
By MRO type, the market is dominated by the engine MRO segment.
Based on aircraft type, the large cabin segment holds the largest business jet MRO market share.
On the basis of end-user, the market is being led by the business jet operators segment.
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Business Jet MRO Market Key Highlights:
In May 2024, ExecuJet MRO Services had inaugurated Malaysia’s largest business jet maintenance facility at Kuala Lumpur’s Subang airport. This was done to meet the growing demand for business aviation services in Asia and to reinforce Malaysia’s status as a center for MRO. This facility was sustainable and certified by regional authorities.
Business Jet MRO Market Report Analysis:
Collaboration & Partnership Scenarios:
In January 2025, Star Air announced that it is looking to enter into the aircraft MRO business in a joint venture for line and major maintenance to cater to the regional and business jets fleet. The proposed MRO facility, the land for which is being identified, will run under a subsidiary engineering company.
In November 2024, GE Aerospace announced that it has signed a maintenance, repair and overhaul (MRO) offload agreement with United Aerospace Maintenance Company in Cyprus which will focus on quick turn workscopes for CFM LEAP engines. The agreement will help GE Aerospace fulfill its obligations to CFM for MRO capacity as part of an open MRO ecosystem for LEAP engines.
In July 2024, Magellan Aerospace Corporation announced the signing of a Memorandum of Understanding (MOU) with Aequs Private Limited to explore the development of a business plan for a jointly-owned engine MRO business in the Aequs Special Economic Zone, at Belagavi in Karnataka, India.
In November 2023, Seeking to strengthen the aircraft Maintenance, Repair and Overhaul (MRO) industry in India, Airbus partnered with Hindustan Aeronautics Limited (HAL) to support their entry into servicing of commercial aircraft. Through this partnership, Airbus support HAL to tap into the growing demand for MRO services for the country’s expanding commercial fleet, especially the A320 family of aircraft that have democratised air travel in India.
Segmentation:
By MRO Type:
Engine MRO
Component MRO
Interior MRO
Airframe MRO
Avionics MRO
Field Maintenance
Others
By Aircraft Type:
Light Size
Mid-Size
Large Cabin
Ultra-Long-Range Aircraft
Others
By End User:
Business Jet Operators
Aircraft Manufacturers
Government and Regulatory Bodies
Others
By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
Business Jet MRO Market Competitive Landscape:
Bombardier
Hong Kong Aircraft Engineering Company Limited
ST Engineering
General Atomics AeroTec Systems GmbH
AAR
SIA Engineering Company
Boeing
Air Works
General Electric Company
Rolls-Royce
AMETEK MRO
Avia Solutions Group
Key Questions Answered in This Report
1. What was the size of the Business Jet MRO Market in 2024?
2. What is the expected growth rate of the Business Jet MRO Market during 2025-2035?
3. What are the key factors driving the Business Jet MRO Market?
4. What is the breakup of the Business Jet MRO Market based on the distribution channel?
5. What are the key regions in the Business Jet MRO Market?
6. Who are the key players/companies in the Business Jet MRO Market?
7. What are the drivers, restraints, and opportunities in the Business Jet MRO Market?
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