Press release
Air Transport MRO Market size, Drivers, Challenges, And Impact on Growth and Demand Forecast in 2028
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Air transport M.R.O. Market Dynamics
Drivers: Rising number of airline passengers
Due to the increasing number of middle-class travelers worldwide, the aviation business is expanding and will likely continue. By 2037, the number of passengers flying internationally could quadruple, increasing the number of flying hours for aircraft fleets. As a result, in the years to come, there will be a greater need for the maintenance and repair of aircraft components. More aviation sector growth would occur in APAC, particularly in China and India. To meet the rising demand for air travel, the Civil Aviation Administration of China (CAAC) plans to construct 216 new airports by 2035. This will have a direct positive impact on the aircraft M.R.O. market during the forecast period.
Key Market Players
The air transport M.R.O. market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are Aerospace Industries (I.A.I.), United Technologies Corporation (Pratt and Whitney division), A.A.R. Corporation, Deutsche Lufthansa AG, John Swire & Sons (H.K.) Ltd., TIMCO Aviation Services, Inc., Delta TechOps, Airbus S.A.S.
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Recent Developments
In August 2021, Airbus and Delta Air Lines agreed that the latter would increase its order of 30 new A321neo planes. With this arrangement, Delta Air Lines hopes to further its strategic fleet goal of streamlining operations, boosting productivity, and meeting financial goals.
In March 2021, the joint venture between Air France Industries K.L.M. Engineering & Maintenance and Triumph Group to overhaul nacelles for next-generation aircraft in Triumph's repair facility in Hot Springs, Arkansas, was officially announced. Through this collaboration, Triumph and AFI KLM can use their combined strengths to service businesses worldwide with seamless global M.R.O.
In March 2021, the expansion of Barnes Aerospace's maintenance, repair, and overhaul plant in West Chester, Ohio, was announced. The West Chester M.R.O. operation is an industry leader in complex machining operations and comprehensive inspection applications.
In February 2021, to maximize the performance of Etihad's GE90 and GEnx-1B engines on its Boeing 777 and 787 fleets, G.E. Aviation and Etihad Airways teamed up to introduce G.E.'s 360 Foam Wash, a ground-breaking jet engine cleaning technology.
Segmentation of Global Air transport M.R.O. Market
Global Air transport M.R.O. Market - By Type
Engine
Line
Airframes
Other Components
Global Air transport M.R.O. Market - By Service
Heavy Maintenance Inspection
Engine Service Check
Component Maintenance
Line Maintenance
Avionic Standardization
Aircraft Conversions
Global Air transport M.R.O. Market - By Application
Civil Air Transport M.R.O.
Military Air Transport M.R.O.
Global Air transport M.R.O. Market - By Aircraft Type
Narrow Body
Wide Body
Regional Jet
Turbo Prop
Others (piston fixed wing, helicopters, etc.)
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