Press release
Growth In Aviation Maintenance, Repair, And Overhaul (MRO) Logistics Market Due To Air Travel Boom: An Emerging Driver Transforming The Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Landscape
Aviation Maintenance, Repair And Overhaul (MRO) Logistics
What Is the Projected Growth of the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
In recent years, the market size for aviation maintenance, repair, and overhaul (MRO) logistics has seen significant growth. The market is projected to increase from $5.71 billion in 2024 to $6.16 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to historical growth include increased investment in aircraft MRO software development, a heightened demand for air travel - the primary driver of the industry, regulatory compliance, and data integration.
In the forthcoming years, it is anticipated that the aviation maintenance, repair and overhaul (MRO) logistics market will experience substantial growth, escalating to a value of $7.79 billion in 2029 with a compound annual growth rate (CAGR) of 6.1%. The projected growth during this period is driven by factors such as an increase in air travel demand, expansion of aircraft fleet size, aircraft usage, asset monitoring, and the aging of aircraft fleets. Key trends likely to shape this period include advancements in technology for market expansion, disruptions in supply chain, deteriorating infrastructure, the advent of blockchain technology as well as the employment of predictive maintenance.
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What Are the Different Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market Segments?
The aviation maintenance, repair and overhaul (MRO) logistics market covered in this report is segmented -
1) By Type: Order Fulfillment, Inventory Management
2) By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components
3) By Application: Civil Aviation, Military Aviation, Business Aviation
Subsegments:
1) By Order Fulfillment: Parts Procurement And Distribution, Just-In-Time Delivery Services
2) By Inventory Management: Stock Level Monitoring, Predictive Inventory Analytics, Warehouse Management Solutions
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What Are the Primary Drivers Shaping the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
Anticipated growth in the aviation maintenance, repair, and overhaul (MRO) logistics market is fueled by the increasing trend in air travel. Business engagements and escalating global commerce, prompting frequent air trips for discussions, conferences, and negotiations, coupled with the expansion in travel and tourism, facilitates the surge in air travel. MRO logistics plays a pivotal role in maintaining critical aviation safety standards by necessitating routine aircraft maintenance and repairs. Additionally, it enables early detection of possible complications, thereby minimizing the risk of unforeseen malfunctions. For instance, the International Air Transport Association, a trade association based in Canada, highlighted in October 2024 that total demand experienced an 8.6% uptick from August 2023 to August 2024 due to a 10.6% escalation in international demand and a 5.6% expansion in domestic demand. As a result, the aviation maintenance, repair, and overhaul (MRO) logistics market is being propelled by the rise in air travel.
Which Companies Are Leading in the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
Major companies operating in the aviation maintenance, repair and overhaul (MRO) logistics market are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, CMA CGM S.A., The Boeing Company, Deutsche Bahn AG, Kuehne + Nagel International AG, Honeywell Aerospace, DSV Panalpina A/S, BAE Systems plc, DB Schenker, Nippon Express Co. Ltd., Bell Helicopter Textron Inc., Air France Industries KLM Engineering & Maintenance, Delta TechOps, AAR Corporation, SEKO Logistics, Duncan Aviation, FL Technics, Denel Aeronautics, CAMP Systems International Inc., Barfield Inc
What Trends Are Expected to Dominate the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market in the Next 5 Years?
Leading firms in the aviation maintenance, repair, and overhaul (MRO) logistics sector are striving for innovation, creating products like aviation suites that enhance user-friendliness and boost effectiveness of MRO logistic tasks. Such suites come with tailor-made modules or functions created specifically to oversee MRO inventory, from spare parts tracking to stock level management and optimizing inventory allocation across several locations. For instance, in July 2023, India's software firm Ramco Systems introduced Aviation Suite V5.9.6, a crucial tool for refining and optimizing aviation MRO logistics tasks. This pioneering product targets productivity enhancement via increased usability and state-of-the-art digital features, providing groundbreaking traits to propel operational superiority in the aviation sector.
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What Are the Top Revenue-Generating Geographies in the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
North America was the largest region in the aviation maintenance, repair, and overhaul (MRO) logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation maintenance, repair and overhaul (MRO) logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
2. What is the CAGR expected in the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
3. What Are the Key Innovations Transforming the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Industry?
4. Which Region Is Leading the Aviation Maintenance, Repair And Overhaul (MRO) Logistics Market?
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