Press release
Air Transport MRO Market Size, Share, Analysis, Report and Forecast 2024-2032
Air Transport MRO Market
According to the report by Expert Market Research (EMR), the global air transport MRO market size reached a value of USD 105.73 billion in 2023. Aided by the escalating demand for air travel, advancements in aviation technologies, and the stringent regulatory requirements governing aircraft maintenance and safety, the market is projected to further grow at a CAGR of 2.2% between 2024 and 2032 to reach a value of USD 128.18 billion by 2032.
The air transport MRO sector is on an upward trajectory, fuelled by the burgeoning global airline fleet size and the increasing complexity of modern aircraft. As airlines strive to meet the rising passenger demand while adhering to rigorous safety standards, the demand for comprehensive MRO services is anticipated to surge. This sector encompasses a wide range of services, including engine overhaul, avionics upgrade, airframe maintenance, and parts replacement, each essential for the optimal operation of aircraft.
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Technological advancements are significantly influencing the air transport MRO market share, introducing efficiencies and innovations that enhance service delivery. From predictive maintenance powered by big data analytics to the adoption of robotics and augmented reality for inspections and repairs, technology is reshaping the way MRO providers operate. Many airlines and aircraft operators are increasingly outsourcing their MRO needs to specialized service providers. This allows them to focus on their core operations while benefiting from the expertise, economies of scale, and advanced technologies offered by MRO companies.
One of the primary drivers of the air transport MRO market is the continuous growth of the global commercial airline fleet. According to the air transport MRO market analysis, the introduction of new aircraft models featuring advanced materials and systems necessitates specialised MRO expertise and facilities. Furthermore, the increasing focus on sustainability within the aviation industry is prompting MRO providers to adopt greener practices and solutions, such as more environmentally friendly aircraft dismantling and recycling processes.
Regulatory compliance remains a significant air transport MRO market growth driver, with aviation authorities worldwide mandating strict maintenance schedules and procedures to ensure aircraft safety. Compliance with these regulations is not optional but a fundamental requirement, compelling airlines and MRO providers to maintain the highest standards of service quality and documentation.
Looking ahead, the air transport MRO market is poised for sustained growth, driven by the expanding global airline fleet, technological innovations, and the ever-present imperative to ensure aircraft safety and performance. The integration of new technologies, along with a focus on training and development for the next generation of MRO professionals, will be key to addressing the sector's challenges and seizing its opportunities.
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Aviation authorities worldwide impose strict regulations and safety standards to ensure the safety and reliability of air transport. As per the air transport MRO market outlook, compliance with these regulations requires regular maintenance, inspections, and certification of aircraft, components, and systems, fostering the demand for MRO services. As aircraft age, they require more frequent and comprehensive maintenance to remain operational and meet stringent safety standards. The presence of older aircraft in service drives the demand for MRO services, especially for major overhauls, upgrades, and life extension programs.
There is a growing trend towards strategic partnerships and collaborations between airlines, MRO providers, and OEMs (Original Equipment Manufacturers). These alliances are aimed at improving service offerings, reducing costs, and enhancing operational efficiency which can support the air transport MRO market expansion. The MRO sector is closely monitoring regulatory changes, particularly those related to safety standards and environmental regulations. Compliance with these evolving standards is a key trend, as it directly impacts the services MRO providers can offer and the technologies they employ.
Air Transport MRO Market Segmentation
The market can be divided based on aircraft, application, MRO provider, and region.
Market Breakup by Aircraft
Narrow Body Jet
Wide Body Aircraft
Turbo Prop
Regional Jet
Market Breakup by Application
Engine
Component
Line
Airframe
Market Breakup by MRO Provider
OEM
Non-OEM MRO
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global air transport MRO market. Some of the major players explored in the report by Expert Market Research are as follows:
MTU Aero Engines AG
Lufthansa Group
Iberia Líneas Aéreas de España S.A.
John Swire & Sons (H.K.) Ltd.
Delta Air Lines, Inc.
British Airways Plc
Air France-KLM Group
HAECO Group
AAR Corp.
Others
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