The global commercial aircraft MRO market is anticipated to grow at a CAGR of nearly 4.5% during the forecast period. The commercial aircraft industry in Asia-Pacific is expected to grow rapidly over the forecast period due to the strong demand for new narrow-body aircraft, that will enhance the need for MRO operations. The major countries in Asia-Pacific such as China, Japan, India, South Korea, Singapore, and Australia, are significant contributors to the growth of the commercial aircraft MRO market in the region. The outcome of China’s maturing aviation industry is aging fleets that requiring replacement and the disposal of outdated aircraft components. Airline carriers in the country placed huge orders for new aircraft. For instance, China Eastern Airlines has an order backlog of 20 A350s and 54 B737-8s. Such huge procurements offer greater scope for regional MRO operators in terms of component pooling. Developing countries, including India, project a tremendous scope for MRO operations based on the number of new aircraft orders and the maintenance opportunities resulting from them. For instance, Airbus has a total order of around 500 aircraft in the country, and it is exploring the possibilities of establishing an MRO unit in the country.
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The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. In January 2021, ST Engineering signed a five-year airframe heavy maintenance contract with an unnamed air cargo carrier. ST Engineering will provide heavy maintenance for multiple fleet types, landing gear MRO, and special maintenance of various aircraft types under the agreement.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
Segment Covered-
· By MRO Services
· By Service Provider
· By Aircraft
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- AAAR Corp, Bombardier Inc., Air-France Industries KLM Engineering & Maintenance, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd., Delta TechOps, and MTU Aero Engines AG
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Global Commercial Aircraft MRO Market Report by Segment
By MRO Services
· Modifications
· Airframe
· Components
· Engine
· Airframe
By Service Provider
· OEM
· Operator/Airline In-house
· Airline Third Party
· Independent
By Aircraft
· Narrowbody
· Widebody
· Regional Jet
· Turboprop
Global Commercial Aircraft MRO Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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