Unveiling the Future: Aircraft Maintenance, Repair and Overhaul (MRO) Services Market to USD 78.9 Billion Value in 2022 Forecast by 2029, Featuring a CAGR of 7.32% - MarkNtel Advisors

 


Market Overview: Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market

According to MarkNtel Advisors, the Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market 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]) and Region (2024-29). The comprehensive market analysis contains various aspects, including market size, regional market share, historical market trends, and future forecasts from 2024-29. The study outlines the prevailing drivers, restraints, unmet needs, and emerging trends within the market.

Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Insights: 2024-29

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.

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Industry Trend:

Rising Inclination Towards Sustainable Maintenance Boosting Market Growth – In recent years, aircraft emissions have marginally increased due to extensive aircraft usage for reasons like travel & transportation. According to the International Energy Agency (IEA), in 2022, aircraft emissions accounted for approximately 2% of the total CO2 emissions, and the emissions are growing at a relatively faster rate than the other modes of transportation such as rail, road, and ships. As a result, countries like the US, India, etc., are laying out policies such as Civil Aviation Policy 2020-2050, National Green Aviation Policy, etc., encouraging aircraft operators to imbibe sustainable practices.

Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Segmentation:

The study conducts an in-depth analysis of existing designs and other fundamental features, estimating market size with a focus on value share, price, and production. The report also provides insights into application overviews based on consumption patterns. Leveraging Porter's five forces analysis, the report offers predictive insights into how the industry is poised to evolve. The prominent segments in the market are,

-By Type of MRO

  • Independent MRO- Market Size & Forecast 2019-2029F, USD Million
  • Original Equipment Manufacturer (OEM) MRO- Market Size & Forecast 2019-2029F, USD Million
  • Airline/Operator MRO- Market Size & Forecast 2019-2029F, USD Million

-By Service Type

  • Airframe Maintenance- Market Size & Forecast 2019-2029F, USD Million
  • Engine Overhaul- Market Size & Forecast 2019-2029F, USD Million
  • Modification- Market Size & Forecast 2019-2029F, USD Million
  • Component repair & Maintenance- Market Size & Forecast 2019-2029F, USD Million
  • Line Maintenance- Market Size & Forecast 2019-2029F, USD Million

-By Type of Aircraft

  • Commercial Aviation
  • General Aviation
  • Military Aviation

-By Region

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

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Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Landscape for Competitors

A thorough examination of competitors is conducted, delving into market share, noteworthy developments, and crucial business strategies. Also, the research examines current breakthroughs, significant advancements, and pertinent details about start-ups in the industry. The report provides a rich repository of information on market entry strategies, the regulatory landscape, and reimbursement scenarios. The key players in the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market are

  • Delta TechOps
  • Lufthansa Technik AG
  • 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
  • Others

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Frequently Asked Questions Aircraft Maintenance, Repair and Overhaul (MRO) Services Market

  1. What is the expected market share, CAGR, and Market valuation in USD for the forecast period, 2024-29?
  2. How do supply and consumption factors contribute to the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market landscape?
  3. How do import and export considerations impact the Aircraft Maintenance, Repair and Overhaul (MRO) Services Industry?
  4. What obstacles do businesses encounter in the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market, and how can they leverage opportunities within it?
  5. What regulatory factors play a role in shaping the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market?
  6. In what ways has technology impacted the overall landscape of the Aircraft Maintenance, Repair and Overhaul (MRO) Services Market?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. 

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