Press release
Global Aircraft Maintenance Market: Soaring High with $59.43 Billion Valuation by 2029
Escalating at a Compound Annual Growth Rate (CAGR) of 5.2%, the global aircraft maintenance market is positioned for strong growth, spurred by factors such as fleet expansion, regulatory changes, predictive maintenance, and burgeoning low-cost carriers.
What Is The Projected Market Size Of The Global Aircraft Maintenance Market And Its Growth Rate?
• The aircraft maintenance market exhibited significant growth, escalating from `$46.13 billion in 2024 to $48.46 billion in 2025, signifying a Compound Annual Growth Rate (CAGR) of 5.1%.
• Grounded in trends such as lifecycle extension of aircraft, emphasis on safety, and the shift to predictive maintenance, this robust growth is anticipated to continue.
• By 2029, the aircraft maintenance market is expected to hit a staggering $59.43 billion, driven by regulatory changes, fleet expansion, transition to predictive maintenance, rise in low-cost carriers, and outsourcing trends.
What Is Driving The Growth In The Aircraft Maintenance Market?
An influx in the number of air passengers is the principal driver propelling the growth of the aircraft maintenance market. The primary focus of ongoing aircraft maintenance is the safety of passengers, making it a top priority for any aircraft owner. According to Eurostat, during the first three months of 2024, 198 million air passengers were carried across the EU, indicating an 11.5% increase compared to the same period in 2023. Consequently, the rise in air passenger numbers is igniting the growth of the aircraft maintenance market.
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Who Are the Key Players Driving Aircraft Maintenance Market Growth?
Key players propelling the growth of the aircraft maintenance market include:
• General Electric Aerospace
• Lufthansa Technik AG
• AAR Corp.
• Delta TechOps
• Singapore Technologies Engineering Ltd
• Rolls-Royce Limited
• MTU Maintenance Hannover GmbH
• Hong Kong Aircraft Engineering Co. Ltd.
• Aviation Technical Services Inc.
• Boeing Company
• Bombardier Inc.
• British Airways Engineering
• SIA Engineering Company
• Safran Aircraft Engines
• Pratt & Whitney
• Honeywell International
• GMF AeroAsia
• Airbus SE
• Air France KLM Engineering & Maintenance
• Raytheon Technologies Corporation
• TAP Maintenance & Engineering
• Air India Engineering Services Limited
• Emirates Engineering
• StandardAero
• Avia Solutions Group Public Limited Company
• Flightstar Aircraft Services
• Jet Aviation
• Turkish Technic
• Mexicana Aerospace
What Are The Key Trends In The Aircraft Maintenance Market?
Key trends reshaping the aircraft maintenance market include:
• Adoption of predictive maintenance
• Utilization of advanced technologies
• Focus on cost-efficiency
• Transition to digital records
• Outsourcing maintenance services
What Are The Segments Of The Global Aircraft Maintenance Market?
• By Service Type: Engine Overhaul, Line Maintenance, Modification, Components, APU
• By Aircraft Type: Narrow-Body, Wide-Body
• By Organization Type: Independent MRO, Original Equipment Manufacture MRO, Other Organization Types
• By End-User: Commercial Aircraft, Military Aircraft
Which Region Leads The Aircraft Maintenance Market?
Asia-Pacific took the pole position in the aircraft maintenance market in 2024, with the report also covering regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Maintenance Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Maintenance Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Maintenance Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Maintenance Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Maintenance Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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