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Global Air Transport MRO Market Size, Share, Forecast: By Aircraft: Narrow Body Jet, Wide Body Aircraft, Turbo Prop, Regional Jet; By Application: Engine, Component, Line, Airframe; By MRO Provider: OEM, Non-OEM MRO; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Air Transport MRO Market Outlook
The global air transport MRO market size reached approximately USD 103.45 billion in 2023. The market is estimated to grow at a CAGR of 2.2% in the forecast period of 2024-2032, reaching a value of around USD 117.49 billion by 2032.
Key Trends in the Market
MRO is an acronym for maintenance, repair, and overhaul in the aviation sector and encompasses a set of operations that ensures the safety and reliability of an aircraft. Some of the common activities under MRO include aircraft maintenance, infrastructure repair, and routine inspections, among others.
- Increased integration of remote maintenance tools to conduct remote inspections as well as perform routine maintenance and troubleshoot issues without on-site visits is one of the crucial air transport MRO market trends. Such tools also facilitate the collection of real-time data, collaboration between onsite technicians and remote MRO experts, and the capturing of content for training and audits.
- Growing investments in MRO aviation software for work scheduling and tracking, paperless maintenance and repair operations, efficient cost analysis, and reduced turnaround time create new market prospects.
- Adoption of advanced technologies such as artificial intelligence, big data analytics, blockchain, and IoT to improve the efficiency and accuracy of MRO operations also provides impetus to the crucial air transport MRO market growth.
- Airline companies are seeking out MRO service providers' assistance to help them meet regulatory compliances regarding environmental regulations and safety standards. In the forecast period, the introduction of stringent regulations by governments worldwide to ensure the optimal health of aircraft is anticipated to fuel the air transport MRO market demand.
Market Analysis
Based on aircraft, the market is divided into narrow body jet, wide body aircraft, turbo prep, and regional jet. On the basis of application, the market is classified into engine, component, line, and airframe. The air transport MRO market segmentation, on the basis of MRO supplier, includes OEM and non-OEM MRO. The major regional markets of air transport MRO are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the air transport MRO market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- MTU Aero Engines AG
- Lufthansa Group
- Iberia Líneas Aéreas de Espana, S.A.
- John Swire & Sons (H.K.) Ltd.
- Delta Air Lines, Inc.
- British Airways Plc
- Air France-KLM Group
- HAECO Group
- AAR Corp.
- Others
Market Share by Aircraft
Narrow body jet occupies a sizeable portion of the air transport MRO market share due to the increased reliance on single-aisle aircraft as it provides a sustainable flying option. With the growing deployment of narrow-body aircraft, there is a burgeoning demand for regular inspection and maintenance of these aircraft and their components. Narrow aircraft providers are readily relying on MRO experts to ensure engine performance, detect any possibilities of failure, improve fuel efficiency, and retrofit components and materials.
Market Share by Application
As per the air transport MRO market analysis, engines account for a substantial share of the global market. Engines are the backbone of aircraft, which surges the requirement for their regular service, repair, and inspection. Partnership and collaboration between OEMs and MRO service providers to offer advanced technologies and innovative solutions that elongate the life cycle of engines positively influence the market segment. Additionally, many MRO providers are opening engine maintenance facilities in new countries to expand their presence and gain a competitive advantage.
Competitive Landscape
MTU Aero Engines AG is an aircraft engine manufacturer, founded in 1934 and headquartered in Munich, Germany. The company also provides maintenance services and innovative solutions for commercial and military engines.
Lufthansa Group is an aviation company that was incorporated in 1953 and has its headquarters in Cologne, Germany. The company owns several subsidiary airlines and provides aviation services such as MRO and logistics.
Iberia Líneas Aéreas de Espana, S.A., established in 1927, is an airline group, based in Madrid, Spain. The company also offers aircraft maintenance, in-flight catering, IT systems, and handling operations at airports.
Other air transport MRO market players include John Swire & Sons (H.K.) Ltd., Delta Air Lines, Inc., British Airways Plc, Air France-KLM Group, HAECO Group, and AAR Corp, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Aircraft |
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| Breakup by Application |
|
| Breakup by MRO Provider |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Air Transport MRO Market Analysis
8.1 Key Industry Highlights
8.2 Global Air Transport MRO Historical Market (2018-2023)
8.3 Global Air Transport MRO Market Forecast (2024-2032)
8.4 Global Air Transport MRO Market by Aircraft
8.4.1 Narrow Body Jet
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Wide Body Aircraft
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Turbo Prop
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Regional Jet
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Air Transport MRO Market by Application
8.5.1 Engine
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Component
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Line
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Airframe
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Air Transport MRO Market by MRO Provider
8.6.1 OEM
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-OEM MRO
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Air Transport MRO Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Air Transport MRO Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Air Transport MRO Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Air Transport MRO Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Air Transport MRO Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Air Transport MRO Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 MTU Aero Engines AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Lufthansa Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Iberia Líneas Aéreas de España S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 John Swire & Sons (H.K.) Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Delta Air Lines, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 British Airways Plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Air France-KLM Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HAECO Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 AAR Corp.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Air Transport MRO Market: Key Industry Highlights, 2018 and 2032
2. Global Air Transport MRO Historical Market: Breakup by Aircraft (USD Billion), 2018-2023
3. Global Air Transport MRO Market Forecast: Breakup by Aircraft (USD Billion), 2024-2032
4. Global Air Transport MRO Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Air Transport MRO Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Air Transport MRO Historical Market: Breakup by Provider (USD Billion), 2018-2023
7. Global Air Transport MRO Market Forecast: Breakup by Provider (USD Billion), 2024-2032
8. Global Air Transport MRO Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Air Transport MRO Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Air Transport MRO Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Air Transport MRO Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Air Transport MRO Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Air Transport MRO Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Air Transport MRO Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Air Transport MRO Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Air Transport MRO Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Air Transport MRO Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Air Transport MRO Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Air Transport MRO Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Air Transport MRO Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 103.45 billion.
The market is projected to grow at a CAGR of 2.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 117.49 billion by 2032.
The major market drivers are growing leisure and business travel, healthy economic growth in developing countries, and increased production of new aircraft.
The key trends of the market include increased integration of remote maintenance tools in MRO services, growing investments in MRO aviation software, and the introduction of stringent regulatory compliances aimed at ensuring the safety of aircraft.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various MRO providers considered in the market report are OEM and non-OEM MRO.
The key players in the market are MTU Aero Engines AG, Lufthansa Group, Iberia Líneas Aereas de España, S.A., John Swire & Sons (H.K.) Ltd., Delta Air Lines, Inc., British Airways Plc, Air France-KLM Group, HAECO Group, and AAR Corp., among others.
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