Global Aviation MRO Market Overview:

The aviation MRO market was valued at USD 1,103.7 Мn in 2022 and is projected to reach USD 1426.67 Mn growing at а САGR of 2.6% by 2032.

“Global Aviation MRO Market” is the title of an upcoming market report compiled by Market. The US. Aside from vital statistics and relevant material, the report will include major developments (both current and future), factors projected to influence market progress, and prospects for potential revenue generation in unoccupied regions/countries.

The associated report will include an in-depth review of sales, market trends, and tactics by major market players, as well as valuable insights and viewpoints into various facets of the sector. This study would also address imminent risks or obstacles posed by established competitors as well as emerging market entrants.

This report will include data, facts, and inputs from both primary and secondary data sources, all of which have been checked and authenticated by industry experts. Additionally, this document will cover imminent threats or challenges from existing contenders, as well as new industry entrants. The aviation MRO market will be presented on the basis of MRO type, aircraft type, application, as well as by country.

Aviation MRO refers to the performance of tasks required to ensure the continuing airworthiness of an aircraft or aircraft part, including overhaul, inspection, replacement, defect rectification, and the embodiment of modifications, compliance with airworthiness directives, and repair.

Global Aviation MRO Market Dynamics:

A steady surge in the number of airline passengers, particularly over the last few years, as well as an increase in the number of low-cost new airline players, resulted in a greater need for MRO services for these vehicles, which in turn is expected to lead to the creation of new industry-related jobs in this sector.

This is a major factor that is anticipated to further augment the revenue growth of the aviation MRO industry over the course of this forecast period.

Additionally, robust urbanization levels, as well as booming tourism and trade landscapes, have also further contributed to the revenue growth of the aviation MRO market.

Moreover, increasing investments as well as a noticeable dominance of foreign airlines in this region, particularly from the Middle East, is also expected to have a positive influence on market growth prospects for this industry in the years to come.

Furthermore, the gradual increase in the adoption levels of digitization in MRO, such as the incorporation of artificial intelligence, IoT, etc., is expected to lead to greater efficiency levels and subsequent improvements in vehicular performance.

This is also a factor that is anticipated to fuel the market growth of the aviation MRO sector.

However, owing to the significant impacts the COVID-19 outbreak continues to have on the manufacturing and supply-chain operations of numerous industries in this region, this major factor has thereby led to a negative decline in the revenue trajectory of the aviation MRO industry.

In addition to this, increasing geopolitical turbulence owing to unstable governments, coupled with unfavorable policies towards this industry are also other factors that are slated to hamper market growth prospects for this sector.

Nonetheless, numerous strategic mergers & acquisitions, as well as the increasing incorporation of evolving technological innovations in this industry are positive factors that are anticipated to boost the revenue growth of the aviation MRO market over the next decade.

Segmentation of the aviation MRO market is as follows:

With respect to ‘MRO category’ market segmentation, in 2020, the engine sub-segment accounted for the highest number of revenue shares (42.9%) of the aviation MRO market and is anticipated to register a CAGR of 3.4% over the forecast period.

On the basis of ‘aircraft type’ market segmentation, the passenger turbo prop sub-segment achieved the highest attractiveness index of 6.1, and this sub-segment is expected to achieve a CAGR of 3.2% by 2030.

With regards to the ‘application’ of this market’s segmentation, the commercial aviation sub-segment accounted for the maximum number of revenue shares (48.4%) of the aviation MRO market, and is slated to index a CAGR of 3.2% over the forecast period.

Regional Segmentation and Analysis:

On closer examination of the region, the market in South Africa accounted for the highest percentage of revenue in 2020 and is expected to register a CAGR of 3.5% over the forecast period. Data indicates that the market in Egypt is slated to account for approx. 11.4% of the regional market by 2030. With Algeria indexing a CAGR of 1.4% over that same timeline.

Segmentation of the Aviation MRO Market:

Based on MRO Type

• Engine
• Component
• Line Maintenance
• Airframe
• Modifications

Based on Aircraft Type

• Light Passenger Jet
• Passenger Turboprop
• Private Jet
• Other Aircrafts

Based on Application

• Commercial Air Transport
• Business and General Aviation
• Military Aviation

Based on Country

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Players

• AAR Corp.
• Airbus SE
• Delta Airlines, Inc. (Delta TechOps)
• Hong Kong Aircraft Engineering Company Limited
• KLM UK Engineering Limited
• Lufthansa Technik
• MTU Aero Engines A
• Raytheon Technologies Corporation
• Singapore Technologies Engineering Ltd
• TAP Maintenance & Engineering

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For the Global Aviation MRO Market research study, the following years have been considered to estimate the market size: