The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased air travel is likely to promote innovation in aviation MRO manufacturing, propelling the market during the forecast period.

The global aviation MRO market is expected to grow from $68.31 billion in 2022 to $73.34 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global aviation MRO market size is expected to reach $95.40 billion in 2027 at a CAGR of 6.8%.

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Global Aviation MRO Market Segments Include:

• By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Other Service Types
• By Aircraft Type: Narrow Body, Wide Body, Regional Jet, Other Aircraft Types
• By End User: Original Equipment Manufacturer (OEM), Aircraft Operator, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aviation MRO market in 2021.

Major Market Players in the aviation MRO market include Delta Airlines Inc., AAR Corp., Hong Kong Aircraft Engineering Company Limited, Airbus SE, Singapore Technologies Engineering Limited, KLM UK Engineering Limited, Lufthansa Technik AG.

Technological advancements are a crucial trend that is gaining traction in the aviation MRO sector. To maintain their market position, major industry players are offering innovative products such as Traxxall cloud-based MRO modules. For example, Traxxall, a US-based maintenance software business, will debut its new MRO module for aviation maintenance tracking, manpower, and accounting in September 2021. The new cloud-based module gives comprehensive insight for ongoing projects, resource allocation, labour expenses, and billing.

The Aviation MRO Global Market Report 2023  provides a aviation MRO market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aviation MRO market forecast analyzes aviation MRO market size, aviation MRO market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aircraft MRO (maintenance, repair, and overhaul) refers to services performed to aircraft to ensure that they are in good working order. It encompasses all aircraft repair and maintenance services.

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