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There was a valuation of USD 22.19 billion for the aircraft engine MRO market in 2022. Forecasts indicate that the aviation engine MRO market will expand from $23.29B in 2023 to $31.59B in 2030, a CAGR (compound annual growth rate) of 7.20 percent from 2023 to 2030. The expansion of fleets is happening at a rapid pace, driven by both military units and airlines. These are the main factors that are propelling the industry forward.
Whenever an airplane needs maintenance, repair, or overhaul, the term "MRO" is typically employed. Aircraft engine MRO services refer to the repair, maintenance, and overhaul services offered by corporations to airlines to ensure the engines are in the best possible condition. In order to guarantee the safe transportation of passengers and cargo, aircraft engines must undergo maintenance, repair, and overhaul services.
In the years to come, the Aircraft Engine MRO Market is anticipated to be propelled by factors such as growing air travel in emerging nations, the need of properly maintaining engines and its components, and the increasing investment in MRO facilities. The research study offers a comprehensive analysis of the market for aircraft engine maintenance, repair, and overhaul. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
Engine MRO, which encompasses comprehensive maintenance, servicing, and refurbishing, is an essential part of the aviation industry. The engines are the lifeblood of every aircraft, ensuring the smooth and secure performance of flight operations. Maintaining, repairing, and overhauling (MRO) engines is crucial to extending their useful lives and improving aviation safety. To keep the engines in top shape, the market provides a variety of services, such as routine inspections, repairs, and overhauls.
Commercial airlines, private jet operators, and military organizations are among the many clients of aircraft engine MRO providers, who collaborate with them to guarantee compliance with rigorous safety and regulatory criteria. A major factor in the meteoric climb of the aircraft engine MRO market in the last several years has been the expanding worldwide aviation industry, which has witnessed a surge in the number of aircraft going into service. The market for engine repair services has become more competitive and innovative as a result of the rising demand. Furthermore, advancements in technology have allowed MRO companies to implement more cost-effective solutions, which in turn improve the overall performance and lifespan of aircraft engines. As air travel keeps growing, the aircraft engine MRO industry is expected to maintain its key role in the aviation ecosystem.
Forecast for the aircraft engine market The increasing volume of air travel is propelling MRO. In the past few years, those nations have seen the opening of several new MRO support facilities. There has been an uptick in the presence of regional enterprises, namely Tier-II and Tier-III providers, in the aircraft engine MRO sector. The frequency of cargo aircraft has also grown due to the growth in global trade between countries. Consequently, for best efficiency and safety, it is vital to check or repair airplanes promptly. This is due to a number of variables, including the development of next-generation engines and the rapid expansion of fleets. One of the key motivating factors in the aircraft engine MRO sector is the growing need of properly maintaining aircraft engines and engine components, which is further fueled by stricter flight restrictions.
Also, aircraft engine maintenance and repair has been driven forward in recent years by the most fuel-efficient engine available, the leading edge aviation propulsion (LEAP) engine. Due to the necessity of properly maintaining engines and components, the aircraft engine MRO market is also expected to expand. With an anticipated increase in the fleet size to more than 38,000 planes by 2028, the market for airplane maintenance is anticipated to reach $115 billion.
During the forecasted years, the Aircraft Engine MRO Market is anticipated to be driven by the increasing air traffic in emerging nations and the rising expenditure in maintenance, repair, and overhaul (MRO) facilities. In addition, the market is anticipated to experience growth in the coming years due to the increasing use of 3D printing technology and the importance of properly maintaining engines and their components. Another factor that is expected to drive market demand over the estimated period is the aging fleet of aircraft in both the military and commercial aviation industries. The expansion of the market could be impeded by specific obstacles and limitations. Aircraft engine maintenance, repair, and overhaul (MRO) services pose environmental risks, which can limit demand.
Report Coverage
Global Aircraft Engine MRO research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aircraft Engine MRO report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aircraft Engine MRO competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aircraft Engine MRO market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aircraft Engine MRO market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aircraft Engine MRO market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GE Aviation (U.S.), Pratt & Whitney (U.S.), Safran Aircraft Engines (Paris), Rolls-Royce (U.K.), ST Aerospace (Singapore), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), Lufthansa Technik (Germany), , MTU Aero Engines (Germany), , and Delta TechOps (U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aircraft Engine MRO market based on the below-mentioned segments:
Global Aircraft Engine MRO Market, By Engine Type
Turbine Engine
Piston Engine
Global Aircraft Engine MRO market, By Application
Civil Aviation
Military Aviation
Global Aircraft Engine MRO market, Regional Analysis
Whenever an airplane needs maintenance, repair, or overhaul, the term "MRO" is typically employed. Aircraft engine MRO services refer to the repair, maintenance, and overhaul services offered by corporations to airlines to ensure the engines are in the best possible condition. In order to guarantee the safe transportation of passengers and cargo, aircraft engines must undergo maintenance, repair, and overhaul services.
In the years to come, the Aircraft Engine MRO Market is anticipated to be propelled by factors such as growing air travel in emerging nations, the need of properly maintaining engines and its components, and the increasing investment in MRO facilities. The research study offers a comprehensive analysis of the market for aircraft engine maintenance, repair, and overhaul. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
Engine MRO, which encompasses comprehensive maintenance, servicing, and refurbishing, is an essential part of the aviation industry. The engines are the lifeblood of every aircraft, ensuring the smooth and secure performance of flight operations. Maintaining, repairing, and overhauling (MRO) engines is crucial to extending their useful lives and improving aviation safety. To keep the engines in top shape, the market provides a variety of services, such as routine inspections, repairs, and overhauls.
Commercial airlines, private jet operators, and military organizations are among the many clients of aircraft engine MRO providers, who collaborate with them to guarantee compliance with rigorous safety and regulatory criteria. A major factor in the meteoric climb of the aircraft engine MRO market in the last several years has been the expanding worldwide aviation industry, which has witnessed a surge in the number of aircraft going into service. The market for engine repair services has become more competitive and innovative as a result of the rising demand. Furthermore, advancements in technology have allowed MRO companies to implement more cost-effective solutions, which in turn improve the overall performance and lifespan of aircraft engines. As air travel keeps growing, the aircraft engine MRO industry is expected to maintain its key role in the aviation ecosystem.
Forecast for the aircraft engine market The increasing volume of air travel is propelling MRO. In the past few years, those nations have seen the opening of several new MRO support facilities. There has been an uptick in the presence of regional enterprises, namely Tier-II and Tier-III providers, in the aircraft engine MRO sector. The frequency of cargo aircraft has also grown due to the growth in global trade between countries. Consequently, for best efficiency and safety, it is vital to check or repair airplanes promptly. This is due to a number of variables, including the development of next-generation engines and the rapid expansion of fleets. One of the key motivating factors in the aircraft engine MRO sector is the growing need of properly maintaining aircraft engines and engine components, which is further fueled by stricter flight restrictions.
Also, aircraft engine maintenance and repair has been driven forward in recent years by the most fuel-efficient engine available, the leading edge aviation propulsion (LEAP) engine. Due to the necessity of properly maintaining engines and components, the aircraft engine MRO market is also expected to expand. With an anticipated increase in the fleet size to more than 38,000 planes by 2028, the market for airplane maintenance is anticipated to reach $115 billion.
During the forecasted years, the Aircraft Engine MRO Market is anticipated to be driven by the increasing air traffic in emerging nations and the rising expenditure in maintenance, repair, and overhaul (MRO) facilities. In addition, the market is anticipated to experience growth in the coming years due to the increasing use of 3D printing technology and the importance of properly maintaining engines and their components. Another factor that is expected to drive market demand over the estimated period is the aging fleet of aircraft in both the military and commercial aviation industries. The expansion of the market could be impeded by specific obstacles and limitations. Aircraft engine maintenance, repair, and overhaul (MRO) services pose environmental risks, which can limit demand.
Report Coverage
Global Aircraft Engine MRO research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aircraft Engine MRO report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aircraft Engine MRO competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aircraft Engine MRO market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | GE Aviation (U.S.), Pratt & Whitney (U.S.), Safran Aircraft Engines (Paris), Rolls-Royce (U.K.), ST Aerospace (Singapore), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), Lufthansa Technik (Germany), , MTU Aero Engines (Germany), , and Delta TechOps (U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aircraft Engine MRO Market from 2021 to 2030.
- Market Forecast for Aircraft Engine MRO Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aircraft Engine MRO competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aircraft Engine MRO
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aircraft Engine MRO market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aircraft Engine MRO market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GE Aviation (U.S.), Pratt & Whitney (U.S.), Safran Aircraft Engines (Paris), Rolls-Royce (U.K.), ST Aerospace (Singapore), SIA Engineering Company (Singapore), Air France Industries KLM Engineering & Maintenance (France), Lufthansa Technik (Germany), , MTU Aero Engines (Germany), , and Delta TechOps (U.S.).
Primary Target Market
- Market Players of Aircraft Engine MRO
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aircraft Engine MRO market based on the below-mentioned segments:
Global Aircraft Engine MRO Market, By Engine Type
Turbine Engine
Piston Engine
Global Aircraft Engine MRO market, By Application
Civil Aviation
Military Aviation
Global Aircraft Engine MRO market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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