Aircraft MRO Market Size, Share & Trends Analysis Report By Service Type (Engine Overhaul, Airframe Maintenance), By Organization Type, By Aircraft Type, By Aircraft Generation, By Region, And Segment Forecasts, 2023 - 2030
- Report ID: GVR-3-68038-997-5
- Number of Pages: 300
- Format: Electronic (PDF)
- Historical Range: 2018 - 2021
- Industry: Technology
Market Segmentation
- Aircraft MRO service outlook (Revenue, USD Billion, 2018 - 2030)
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Aircraft MRO organization outlook (Revenue, USD Billion, 2018 - 2030)
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Aircraft MRO aircraft outlook (Revenue, USD Billion, 2018 - 2030)
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Aircraft MRO aircraft generation outlook (Revenue, USD Billion, 2018 - 2030)
- Old Generation
- Mid Generation
- New Generation
- Aircraft MRO regional outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- North America Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- North America Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- North America Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- North America Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- U.S.
- U.S. Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- U.S. Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- U.S. Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- U.S. Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- U.S. Aircraft MRO Market, By Service
- Canada
- Canada Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Canada Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Canada Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Canada Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Canada Aircraft MRO Market, By Service
- North America Aircraft MRO Market, By Service
- Europe
- Europe Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Europe Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Europe Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Europe Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- U.K.
- U.K. Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- U.K. Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- U.K. Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- U.K. Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- U.K. Aircraft MRO Market, By Service
- Germany
- Germany Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Germany Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Germany Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Germany Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Germany Aircraft MRO Market, By Service
- France
- France Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- France Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- France Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- France Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- France Aircraft MRO Market, By Service
- Europe Aircraft MRO Market, By Service
- Asia Pacific
- Asia Pacific Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Asia Pacific Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Asia Pacific Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Asia Pacific Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- China
- China Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- China Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- China Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- China Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- China Aircraft MRO Market, By Service
- Japan
- Japan Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Japan Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Japan Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Japan Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Japan Aircraft MRO Market, By Service
- India
- India Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- India Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- India Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- India Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- India Aircraft MRO Market, By Service
- Asia Pacific Aircraft MRO Market, By Service
- Latin America
- Latin America Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Latin America Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Latin America Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Latin America Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Brazil
- Brazil Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Brazil Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Brazil Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Brazil Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Brazil Aircraft MRO Market, By Service
- Mexico
- Mexico Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- Mexico Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- Mexico Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Mexico Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- Mexico Aircraft MRO Market, By Service
- Latin America Aircraft MRO Market, By Service
- MEA
- MEA Aircraft MRO Market, By Service
- Engine Overhaul
- Airframe Maintenance
- Line Maintenance
- Modification
- Components
- MEA Aircraft MRO Market, By Organization
- Airline/Operator MRO
- Independent MRO
- Original Equipment Manufacturer (OEM) MRO
- MEA Aircraft MRO Market, By Aircraft
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- MEA Aircraft MRO Market, By Aircraft Generation
- Old Generation
- Mid Generation
- New Generation
- MEA Aircraft MRO Market, By Service
- North America
Aircraft MRO Market Dynamics
Driver: Rising demand from ageing aircraft fleet
The global MRO market has seen a major change through prominent trends over the last decade. A crucial trend has been the rise of refurbished and used parts in the engine and non-engine component maintenance. The aircraft used parts market is anticipated to grow significantly in the coming years due to the increase in ageing aircraft worldwide. This surge may fuel the demand for supply of used parts, as the operators will pursue to lower their MRO spending without further cost reduction. The demand for maintenance & repair of aging aircraft in matured regional markets is expected to drive the demand for MRO services. Most of the jet engine manufacturers are focused on developing more efficient and economical engines for these ageing aircraft. This growth in the demand for new components for repair and replacement purposes is expected to propel the growth of the commercial aircraft MRO market over the coming years.
Driver: Declining fuel prices and increasing GDP
The global air travel demand is closely related to the GDP. Increasing service quality, open-skies agreements, and the addition of new routes are some of the important factors other than increasing income levels for the growth in passengers traveling. The airline's operators have responded to the growing travel demand by posting sturdy improvements in productivity, which has allowed the industry to maintain unit labor costs. The low fuel prices are expected to opt for short-term fleet plans; the airline's operators may differ from purchase options favoring to extend existing fleet lives. Such short-term fleet plans will drive higher returns for the airline's operators by delaying high investment in the costly new aircraft. The low-interest rate and long lead times for orders are also expected to discourage from purchasing new aircraft. Such extended use of older aircraft fleet is expected to create demand for MRO services over the forecast period.
Restraint: Replacement of old aircraft with new fleet
Aircraft are becoming more reliable as design and manufacturing technologies evolve. Each generation of aircraft requires less maintenance than the last, reducing demand for MRO services, thereby hampering the aircraft MRO market growth. Airlines' desire to adopt more fuel-efficient aircraft is also driving faster plane replacements, resulting in a younger fleet with lower maintenance requirements. Higher range and capacities of aircraft owing to the technological developments allow the airlines to focus on cost reduction while exploring new business opportunities. Rising trend of using aircraft for a wide range of operations has further resulted in their increased demand. A major portion of this increasing demand is to replace the old generation aircraft with a newly constructed fleet. This has led to declining demand for maintenance, repair, & overhaul, negatively impacting the industry’s profitability
What Does This Report Include?
This section will provide insights into the contents included in this aircraft MRO market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Aircraft MRO market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Aircraft MRO market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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