Press release
Aviation MRO Market: Explosive Growth of $82.79 Billion by 2025, Driven by Aircraft Maintenance Outsourcing and Global Air Traffic
Focus on safety and reliability coupled with outsourcing trends and the global air traffic growth fueling the Aviation MRO market to a robust CAGR of 7.0%.
What Is The Projected Market Size Of The Global Aviation MRO Market And Its Growth Rate?
• Segmented by Service Type, the Aviation MRO market comprises Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, and Other Services.
• By Aircraft Type, the market includes Narrow Body, Wide Body, Regional Jet, among others.
• The End User segment is categorized into Original Equipment Manufacturer (OEM), Aircraft Operator, and Other End Users.
• Market growth from 2024 to 2025 is projected from $77.38 billion to $82.79 billion, with a CAGR of 7.0%.
What Is Driving The Growth In The Aviation MRO Market?
The surging demand for air travel has significantly accelerated the growth of the Aviation MRO Market. This demand propels the requisite for routine maintenance checks, timely access to spare parts, and materials required for maintenance and repairs on aircraft, essentially driving market growth forward. This growth is further stimulated by the aircraft fleet's growth, aging of aircraft maintenance, and a more concentrated focus on safety and reliability.
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Who Are the Key Players Driving Aviation MRO Market Growth?
• Aircraft demand increase is propelling the market growth of the Aviation MRO.
• As vehicles designed for air travel, aircraft play a crucial role in passenger and cargo transportation, military applications, aerial surveillance, and recreational activities.
• The Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based research agency, reported an increase in RPT (Regular Public Transport) aircraft trips to 50,318 in June 2023, representing a 1.7% increase from June 2022.
What Are The Key Trends In The Aviation MRO Market?
• Aviation MRO market size has witnessed substantial growth, projected to grow from $77.38 billion in 2024 to $82.79 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.
• The growth is linked to various trends and factors: aircraft fleet growth, aging aircraft maintenance, outsourcing trends, focus on safety and reliability, global air traffic growth.
What Are The Segments Of The Global Aviation MRO Market?
• Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, and other services comprise the various types of Aviation MRO.
• The aircraft types include narrow-body, wide-body, regional jet, and others used by End Users like the Original Equipment Manufacturers (OEM), Aircraft Operators, and other end users.
Which Region Leads The Aviation MRO Market?
In January 2023, Airbus Helicopters, a France-based manufacturer of commercial helicopters and airliners, acquired ZF Luftfahrttechnik, a Germany-based helicopter MRO services provider. This acquisition broadens the company's MRO capabilities and improves value propositions for stakeholders, positioning the European market as a leading player in the Aviation MRO Market.
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What Is Covered In The Aviation MRO Market Global Market Report?
Market Size Analysis: Analyze the Aviation MRO Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Aviation MRO 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 Aviation MRO Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Aviation MRO Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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