Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Outlook 2029: Leading Companies & Share Insights

Future Aircraft Maintenance, Repair and Overhaul (MRO) Services Market: Key Dynamics, Size & Share Analysis

The Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market size in the year 2022 was around USD 78.9 billion and it is estimated to grow at a CAGR of around 7.32% during the forecast period, i.e., 2024-29. The factors attributing to the growth of aircraft MRO services across the globe have been the extensive usage of the aircrafts for the air travel & cargo shipping, aging aircraft and stringent government regulations that mandate the Maintenance, services of the airliner at regular time intervals.

Top Market Driver Impacting the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Growth

Extensive Air Cargo Delivery & Air Travel Driving Market Growth – Over the past few years, air traffic has consistently increased due to the surge in the transportation of goods via air and the rising tourism across the globe. Air cargo is crucial for perishable goods transportation like pharmaceuticals, seafood, vaccines, etc., since it provides timely delivery of these goods and ensures the preservation of the quality & shelf life of the goods.

According to the International Air Transport Association, in 2022, Air Cargo transports over USD 6 trillion worth of goods annually and accounts for approximately 35% of world trade. In addition, valuable & expensive products like electronics and other luxury goods are transported from one country to the destination via air to reduce the risk of theft. This rising usage of aircraft for the delivery of goods is resulting in a surge in aircraft utilization rates. As a result, the aircraft are more prone to some failures in aircraft systems and components. Thus, cargo operators such as DHL Aviation, Emirates SkyCargo, etc., are going for Aircraft MRO Services to ensure the smooth functioning of the aircraft.

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Understanding the Core Segments in the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Size, Share & Industry Trends Analysis- By Type of MRO (Independent MRO, Original Equipment Manufacturer [OEM] MRO, Airline/Operator MRO), By Service Type (Airframe Maintenance, Engine Overhaul, Modification, Component repair & Maintenance, Line Maintenance), By Type of Aircraft (Commercial Aviation [Narrow body Jet, Widebody Jet, Regional Jet, Cargo], General Aviation [Single-Engine Piston Aircraft, Twin-Engine Piston Aircraft, Turboprop Aircraft, Business Jets, Amphibious Aircrafts, Others], Military Aviation [Fighter Aircraft, Bomber Aircraft, Reconnaissance Aircraft, Special Mission Aircraft, Others]).

Geographical Analysis of the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

Asia-Pacific countries like China, India, and others are witnessing rapid economic growth & inclination toward e-commerce due to changing consumer behavior.

Who Dominates the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Insights on Key Industry Players?

Companies are strengthening their presence in the Aircraft Maintenance, Repair and Overhaul (MRO) Services market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Delta TechOps
• Lufthansa Technik AG
• Financial Details
• Air France Industries KLM Engineering & Maintenance
• Hong Kong Aircraft Engineering Company Limited (HAECO)
• PT GMF Aeroasia TBK
• Avia Solutions Group PLC
• StandardAero
• Emirates Engineering
• MTU Aero Engines AG
• Singapore Technologies Engineering Ltd
• Tap Maintenance & Engineering Ltd.
• AAR Corporation
• Textron Aviation, Inc.
• Euravia Engineering & Supply Co. Ltd
• Air India Engineering Services Ltd

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