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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Transport MRO Market Share
Based on Aircraft
Narrow body jet occupies a sizeable portion of the air transport MRO market share due to the increased reliance on single-aisle aircraft as it provides a sustainable flying option. With the growing deployment of narrow-body aircraft, there is a burgeoning demand for regular inspection and maintenance of these aircraft and their components in air transport MRO industry. Narrow aircraft providers are readily relying on MRO experts to ensure engine performance, detect any possibilities of failure, improve fuel efficiency, and retrofit components and materials.
Based on Application
As per the air transport MRO market analysis, engines account for a substantial share of the global market. Engines are the backbone of aircraft, which surges the requirement for their regular service, repair, and inspection. Partnership and collaboration between OEMs and MRO service providers to offer advanced technologies and innovative solutions that elongate the life cycle of engines positively influence the market segment. Additionally, many MRO providers are opening engine maintenance facilities in new countries to expand their presence and gain a competitive advantage.
Air Transport MRO Market Report Snapshots
Air Transport MRO Market Growth
Air Transport MRO Market Trends
Air Transport MRO Market Share
Air Transport MRO Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 105.73 billion.
The market is projected to grow at a CAGR of 2.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 128.18 billion by 2032.
The major market drivers are growing leisure and business travel, healthy economic growth in developing countries, and increased production of new aircraft.
The key trends of the market include increased integration of remote maintenance tools in MRO services, growing investments in MRO aviation software, and the introduction of stringent regulatory compliances aimed at ensuring the safety of aircraft.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various MRO providers considered in the market report are OEM and non-OEM MRO.
The key players in the market are MTU Aero Engines AG, Lufthansa Group, Iberia Líneas Aereas de España, S.A., John Swire & Sons (H.K.) Ltd., Delta Air Lines, Inc., British Airways Plc, Air France-KLM Group, HAECO Group, and AAR Corp., among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124