openPR Logo
Press release

Aircraft Engine MRO Market Is Expected To Grow At A CAGR Of 6.43% By 2023

07-17-2017 10:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Aircraft Engine MRO Market

Aircraft Engine MRO Market

Market Research Future published a cooked research report on global aircraft engines MRO market. The global aircraft engines MRO market is expected to grow over the CAGR of around 6.43% during the period 2017 to 2023

Market Highlights:
Air travel in emerging countries is growing, thus increasing the demand for aircraft engine MRO service providers. Many new MRO service centres have been setup in such countries in recent years. This increases the participation of regional companies (tier-II or tier-III suppliers) in the field of aircraft engine MRO. Rapid fleet expansion is the factor driving the demand of the market. As of 2016, there were more than 22,000 active widebody and narrowbody aircraft across the globe. The existing fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years, and the global fleet is likely to reach 45,000 aircraft by 2036. Additionally, The expansion of the existing aircraft fleets along with the launch of new airlines would result in increased manufacture of engines, which would further undergo maintenance, repair, and overhaul services.

On the basis of application, the global aircraft engines MRO market is segmented as commercial air transport and business and general aviation. Commercial Air Transport accounted for the largest market share of 76.70% in 2016, with a market value of USD 21,342.7 million and is projected to grow at the highest CAGR of 6.84% during the forecast period. Business & General Aviation was the second-largest market in 2016, valued at USD 6,483.5 million in 2015; it is projected to grow at a CAGR of 4.97%.

The global aircraft engines MRO market is expected reach to USD 42,736.7 Million with a CAGR of 6.43% by 2023.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/1556

Key Players of Aircraft Engine MRO Market:
• GE Aviation (U.S.)
• Rolls-Royce (U.K.)
• Pratt & Whitney (U.S.)
• Lufthansa Technik (Germany)
• Safran Aircraft Engines (Paris)
• SIA Engineering Company (Singapore)
• Air France Industries KLM Engineering & Maintenance (France)
• MTU Aero Engines (Germany)
• ST Aerospace (Singapore)
• Delta TechOps (U.S.)

Market Research Analysis:
On the basis of aircraft type, the global aircraft engines MRO market is segmented as widebody aircraft, narrowbody aircraft and others. Narrow body Aircraft accounted for the largest market share of 53.30% in 2016, with a market value of USD 14,831.4 million. Narrowbody aircraft has lesser capacity than the widebody aircraft, they are larger in number. Some major narrowbody aircrafts are the Airbus A318, A319, A320, and A321; the Boeing B727s, and B737s. These aircrafts fly over short routes and are thus suited to cater the budget travelers. As of 2016, there were over 15,000 narrowbody planes, across the globe, which would be replaced by approximately 12,000 such planes by 2035. Turboprops & Regional Jets was the second-largest market, valued at USD 7,540.9 million in 2016. Widebody aircraft is expected to grow at a CAGR of 4.39%, during the forecast period.

Scope of the Report:
This study provides an overview of the global aircraft engines MRO market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, South Americas, Europe, Asia-Pacific, and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aircraft engines MRO market as material, type, and application.

Global Aircraft Engine MRO Market, By Type
• Widebody Aircraft
• Narrowbody Aircraft
• Others

Global Aircraft Engine MRO Market, By Application
• Commercial Air Transport
• Business & General Aviation

Brief TOC:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Development of next-generation engines
4.1.2 Rapid Fleet Expansion
4.2 Challenges
4.2.1 Environmental Hazards
4.2.2 Retirement of Maintenance-Intensive Aircraft
4.3 Opportunities
4.3.1 MRO Outsourcing
4.3.2 IT Integration in MRO
4.3.3 Increased Focus of OEMs on Aircraft Engine MRO
Continue…

Access Report Details @ https://www.marketresearchfuture.com/reports/aircraft-engine-mro-market-1556

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Akash Anand,
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aircraft Engine MRO Market Is Expected To Grow At A CAGR Of 6.43% By 2023 here

News-ID: 626821 • Views:

More Releases from Market Research Future

Denim Market Size By 2035 with 5.25 USD Billion in 2025 to 132.4 USD Billion, Due To Due to increasing popularity of Denim jeans, Denim jackets, and other denim apparel.
Denim Market Size By 2035 with 5.25 USD Billion in 2025 to 132.4 USD Billion, Du …
Denim Market Size Grow at a 75.25 USD Billion in 2025 to 132.4 USD Billion by 2035, CAGR of 5.81% By 2025 - 2035 Global Denim Market is entering a new phase of transformation as consumer demand, fashion cycles, and sustainable innovation continue to reshape the industry. Denim, once considered a classic wardrobe staple, has evolved into a versatile, fashion-driven category supported by innovations in fabric technology, eco-friendly production, and shifting
Humanoid Robots Market Size to Reach USD 13.8 Billion by 2032, Growing at 50.2% CAGR from 2024
Humanoid Robots Market Size to Reach USD 13.8 Billion by 2032, Growing at 50.2% …
The global Humanoid Robots Market is projected to reach USD 13.8 Billion by 2032, growing at a robust CAGR of 50.2% during the forecast period from 2024 to 2032. Driven by advancements in artificial intelligence, machine learning, and machine vision, humanoid robots-designed with human-like characteristics-are witnessing widespread adoption across healthcare, education, space exploration, and service industries. These robots are enhancing operational efficiency, performing complex tasks, and improving customer engagement across multiple
Vertical Farming Market Expansion: USD 9.023 Billion in 2025 Growing to USD 58.83 Billion by 2035
Vertical Farming Market Expansion: USD 9.023 Billion in 2025 Growing to USD 58.8 …
The Vertical Farming Market was estimated at USD 7.48 Billion in 2024 and is projected to grow from USD 9.023 Billion in 2025 to USD 58.83 Billion by 2035, exhibiting a robust CAGR of 20.62% during the forecast period from 2025 to 2035. Driven by increasing demand for sustainable agriculture, urbanization, and technological advancements in controlled-environment farming, vertical farming solutions are seeing widespread adoption across commercial, industrial, and urban agriculture sectors. Key
Robotics Market Trends and Forecast: USD 74,120.70 Million in 2024 Expected to Hit USD 476,019.67 Million by 2035
Robotics Market Trends and Forecast: USD 74,120.70 Million in 2024 Expected to H …
The Robotics Market was valued at USD 74,120.70 Million in 2024 and is projected to reach USD 476,019.67 Million by 2035, growing at a robust CAGR of 18.4% during the forecast period from 2024 to 2035. Driven by advancements in medical robots, growing industrial robotics adoption, and the development of AI technologies, robotics solutions are witnessing widespread adoption across healthcare, manufacturing, logistics, and service sectors. Despite challenges like high initial costs

All 5 Releases


More Releases for MRO

Aircraft MRO Market Accelerates Toward 2031
New York, US - October 22, 2025 - The global aircraft MRO (maintenance, repair, and operations) market is on the cusp of remarkable change. Leading aviation stakeholders, from service providers to airlines, are responding rapidly to post-pandemic recovery, technological innovations, and growth in global aviation traffic. As air travel surges and regulatory demands intensify, the Aircraft MRO Market emerges as an indispensable backbone for sustainable, safe, and efficient aviation. Download Sample
Global Commercial Aero Engine MRO Market Size by Application, Type, and Geograph …
According to Market Research Intellect, the global Commercial Aero Engine MRO market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The global recovery of air travel and the increasing number of commercial aircraft in operation are the
Digital MRO :- Strategic Developments & Key Insights
The Digital MRO Market is expected to register a CAGR of 10.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031. The report is segmented by Technology (AR and VR, Big Data and IoT, Blockchain, Digital Twin, Robotics and Drones, Others), Application (Inspection, Maintenance, Monitoring, Training, Others), End User (Commercial Airline Operator, MRO Service Provider, Others). The global analysis
Emerging Trends Influencing The Growth Of The Air Transport MRO Market:Technolog …
The Air Transport MRO Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. How Big Is the Air Transport MRO Market Size Expected to Be by 2034? Recently, there has been significant growth in the air transport MRO market. It is projected to increase from $88.11 billion
Aircraft Engine MRO Market : An Overview
Introduction: Aircraft Engine Maintenance, Repair, and Overhaul (MRO) is a vital segment of the aviation industry, ensuring the safety, reliability, and performance of aircraft engines. This sector supports commercial, military, and general aviation fleets by offering regular maintenance, advanced diagnostics, and complete overhauls. With the global aviation industry continuously expanding, the demand for MRO services is witnessing substantial growth. Aircraft engine MRO involves activities like routine checks, component replacement, and engine
Air Transport MRO Market Report 2024 - Air Transport MRO Market Size, Share And …
"The Business Research Company recently released a comprehensive report on the Global Air Transport MRO Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The air transport mro