Global Aircraft Maintenance, Repair & Overhaul Market Overview:
Aircraft maintenance, repair & overhaul (MRO) services refer to maintaining the working condition of the different components of the aircraft such as the engine, avionics, airframe, cabin, landing gear, and others. Aircraft maintenance, repair & overhaul market has high growth prospects owing to increasing demand for the commercial and military aircraft. Further, the growing airline industry and an increasing number of passengers driving the need for proper maintenance of the aircraft. In addition, rising demand from the developing economies expected to drive the demand for aircraft maintenance, repair & overhaul services over the forecasted period.
As per latest study released by AMA Research, the Global Aircraft Maintenance, Repair & Overhaul market is expected to see growth rate of 4.21%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement in the Aircraft Maintenance, Repair & Overhaul Services and Rising Demand of MRO for Maintaining Engines
Market Growth Drivers:
Growing Airline Industry Globally and Increasing Number of Commercial Aircraft Fleet
Challenges:
Lack of Services Stations in the Low and Middle Income Group Countries
Restraints:
Stringent Aviation Regulations and Lack of Skilled Expertise
Opportunities:
Rising Demand for the Military Applications and Demand from the Developing Economies
Competitive Landscape:
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the aircraft maintenance, repair & overhaul market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Some of the key players profiled in the report are AAR Corp (United States), AIRBUS SAS (France), Air France KLM Engineering & Maintenance (France), AMETEK MRO (United States), The Boeing Company (United States), Aviation Technical Services, Inc. (United States), Bombardier, Inc. (Canada), Delta TechOps (United States), Honeywell International Inc. (United States), Hong Kong Aircraft Engineering Company (Hong Kong), Lufthansa Technik AG (Germany) and MTU AeroEngines AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Sabena Technics (France), SR Technics (Switzerland), SIA Engineering Company (Singapore), STAECO (China) and Ameco Beijing (China). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Aircraft Maintenance, Repair & Overhaul market by 2028. Considering Market by Components, the sub-segment i.e. Engine will boost the Aircraft Maintenance, Repair & Overhaul market. Considering Market by End Users, the sub-segment i.e. Commercial will boost the Aircraft Maintenance, Repair & Overhaul market. Considering Market by Services, the sub-segment i.e. Line Maintenance Services will boost the Aircraft Maintenance, Repair & Overhaul market. Considering Market by Aircraft, the sub-segment i.e. Fixed Wing Aircraft will boost the Aircraft Maintenance, Repair & Overhaul market.
Latest Market Insights:
In October 2022, Gautam Adani acquired Menon Family's aircraft maintenance business for Rs. 400 Crore. This deal will boost Adani's fledging aircraft maintenance business.
In April 2023, Azul Airlines unveiled its latest business division called Azul TecOps. By introducing this initiative, the company expands its exceptional operational and technical knowledge to external clients in Brazil, Latin America, and worldwide.
“The Aircraft Maintenance Division of the Federal Aviation Administration ensures the airworthiness of civil aircraft. It develops and standardize regulations, national directives, policy procedures, and advisory material governing the certification, inspection, and surveillance of maintenance aspects for General Aviation (GA), air carrier and commercial operators; airmen (mechanics, repairmen, and parachute riggers), avionics, and air agencies (Aviation Maintenance Technician Schools (AMTS) and repair stations).” and
What Can be Explored with the Aircraft Maintenance, Repair & Overhaul Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aircraft Maintenance, Repair & Overhaul Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aircraft Maintenance, Repair & Overhaul
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aircraft Maintenance, Repair & Overhaul market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aircraft Maintenance, Repair & Overhaul market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aircraft Maintenance, Repair & Overhaul Providers, Airline Operators, Government and Certification Bodies, Industry Associations, Research Organizations, and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.