Aircraft Engine MRO Market Key Manufacturers Development Trends and Competitive Analysis 2028

The "Aircraft Engine MRO Market" size was valued at US$ 32.04 million by 2028 from US$ 22.15 million in 2021; it is expected to grow at a CAGR of 5.7% during 2022-2028.

Aircraft engine MRO providers are offering several services, such as routine engine maintenance. Some aircraft engine providers focus on manufacturing one or two engines, whereas others have large engine portfolios for multiple uses. All the aircraft engines require routine maintenance and daily check before aircraft fly. In transition, the aircraft fleet redefines the aircraft engine MRO market because of many permanent retirements of older aircraft.

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Companies Profiled in this report includes:

• Delta Airlines, Inc.
• GE Aviation
• CFM International
• Lufthansa Technik
• MTU Aero Engines AG
• SIA Engineering Company
• Sigma Aerospace
• Safran S.A.
• Raytheon Technologies Corporation
• Rolls-Royce PLC

The popularity of narrow-body aircraft has been growing since 2021 due to the European Union Aviation Safety Agency and Federal Aviation Administration's decisions to recertify Boeing 737 MAX commercial use. In 2021, more than 23,700 aircraft flew, out of which more than 14,000 were narrow-body aircraft, owing to this the narrow body segment accounted for a significant share in the global aircraft engine MRO market share.

The COVID-19 outbreak adversely affected the world and disrupted the economic conditions of several countries. Flights remained idle in the Middle East and Africa (MEA) due to the COVID-19 pandemic, which declined the demand for MRO services. The crisis resulted in a loss of business among the aircraft engine MRO market players offering their services to respective airlines in the Middle East and Africa. According to the International Air Transport Association, airlines' revenue got negatively impacted due to the temporary shutdown of flights. The worst-affected aviation market in the Middle East and Africa was Saudi Arabia, followed by the UAE. More than 16,000 general aviation aircraft were cancelled in the Middle East and Africa in 2020. Reduced flight activities in the Middle East and Africa hindered the market growth in 2020.

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Aircraft Engine MRO Market Segmentation:

By Engine:
• Turbine Engine
• Piston Engine
• Piston Engine

By Application:
• Commercial
• Commercial
• General
• Military

By Aircraft Type:
• Fixed Wing
• Rotary Wing

Recently, many patients infected by Omicron (new COVID-19 variant) were found in South African countries, which became one of the key concerns worldwide. The outbreak led to the closure of international borders and halted African flights worldwide. The COVID-19 outbreak led manufacturers to suspend their operations or operate with a minimal workforce temporarily. This weakened the demand for aircraft components, which negatively impacted the aircraft engine MRO market in the region. However, in 2022, the Middle East is expected to receive about 1,211 aircraft and Africa is expected to get 1,043 aircraft. By 2031, the number of aircraft deliveries is expected to increase to 2,382 and 1,328 in the Middle East and Africa, respectively. The Middle East and Africa have a limited number of MRO providers that can perform all types of MRO operations. Thus, international MRO providers are trying to increase their footprint in the region. This is expected to propel the aircraft engine MRO market growth in the Middle East and Africa during the forecast period.

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