The air transport mro market size has grown strongly in recent years. It will grow from $84.68 billion in 2023 to $89.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed during the historical period in the field of Air Transport Maintenance, Repair, and Overhaul (MRO) can be attributed to several factors. These include economic cycles and market demand dynamics, a heightened focus on safety and risk mitigation within the aviation industry, the trend towards outsourcing for efficient cost management, continuous technological innovations in MRO practices, and adherence to regulatory standards that drive industry practices. These factors collectively contributed to the development and evolution of the air transport MRO sector.
The air transport mro market size is expected to see strong growth in the next few years. It will grow to $114.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period for Air Transport Maintenance, Repair, and Overhaul (MRO) can be attributed to factors such as the emphasis on supply chain resilience, the impact of global regulatory changes, the adoption of sustainable MRO practices, and market shifts driven by the impact of COVID-19. Major trends expected in the forecast period include a heightened focus on sustainability practices, ensuring regulatory compliance, addressing challenges related to an aging aircraft fleet, managing an increased fleet size, and embracing digitalization and automation within the MRO industry.
The air transport MRO market is poised for growth owing to the escalating air travel rates. MRO, essential for enhancing aircraft readiness and durability, is expected to benefit from increased air travel. Notably, the International Air Transport Association (IATA) reported in April 2022 a substantial surge in air travel demand by 78.7% compared to April 2021, signaling a continuous upward trend. This rise, particularly witnessed in European carriers with a staggering 480.0% increase in international traffic, reflects the driving force behind the expanding air transport MRO market.
The growth trajectory of the air transport MRO market is anticipated to be bolstered by the ongoing trend of urbanization. As urban areas witness a rapid surge in population and economic activities, there is a consequent upsurge in air travel demand and infrastructure development. According to the World Bank's 2022 report, over half of the global population resides in urban regions, projected to escalate to 6 billion by 2045, resulting in a 1.5-fold increase. With urban land consumption projected to outpace population growth by up to 50% by 2030, this burgeoning urbanization serves as a catalyst for the expansion of the air transport MRO market.
A prevailing trend reshaping the air transport MRO market landscape revolves around technological advancements. Major entities in this domain are heavily investing in innovative technologies. For instance, in May 2022, Jet Support Services, Inc. (JSSI) launched the JSSI Maintenance Software, featuring a comprehensive suite of aircraft maintenance tracking and MRO software solutions. JSSI's emphasis on integrating and leveraging cutting-edge technologies signifies a strategic move to deliver enhanced value propositions to its clientele within the air transport MRO market.
Leading enterprises in the air transport MRO sector are spearheading the development of pioneering solutions, particularly technology platforms, aimed at broadening customer outreach, driving sales growth, and augmenting revenue streams. These technology platforms serve as foundational infrastructures facilitating the implementation of diverse technologies, applications, and services. Notably, in June 2023, Capgemini SE collaborated with Amazon Web Services (AWS) to introduce 'Lifecycle Optimization for Aerospace.' This platform stands out for its specialized functionalities, designed to accelerate the integration of circular economy practices within the aviation industry. Its key features include the automation of inspection processes, the optimization of lifecycle analyses for aircraft components, and the provision of guidance for extending their operational longevity. By ensuring secure data collection and analysis of in-service operations, the Lifecycle Optimization for Aerospace platform furnishes a comprehensive, evolving perspective on each component's usage history. This robust historical data collection significantly bolsters the potential reusability of aircraft components, fostering collaboration among aerospace stakeholders - owners, operators, and original equipment manufacturers (OEMs) - for collectively enhancing the global utilization of existing products.
In March 2023, AAR Corp, a prominent US-based aviation entity, acquired Trax for a substantial $120 million. AAR underscores that this acquisition underscores its unwavering commitment to delivering digital solutions to aftermarket customers. Moreover, the strategic acquisition opens new avenues for AAR to cross-promote products and services to Trax's complementary customer base. Trax, a US-based provider specializing in aircraft MRO and fleet management software, aligns seamlessly with AAR's vision to fortify its digital offerings within the aviation MRO domain.
Major companies operating in the air transport mro market report are AAR Corp., Delta Air Lines Inc., Deutsche Lufthansa AG, John Swire & Sons Limited, Airbus SE, Collins Aerospace, Air France Industries and KLM Engineering & Maintenance, HAECO Group, MTU Aero Engines AG, British Airways, Turkish Technic Inc., General Electric Company, Iberia Líneas Aéreas de España S.A., SIA Engineering Company Limited, Bombardier Inc., Lufthansa Technik AG, Safran SA, Raytheon Technologies Corporation, Singapore Technologies Engineering Ltd., Guangzhou Aircraft Maintenance Engineering Company Limited, StandardAero, Air Works Group, AJW Group, Gama Aviation, Erickson Inc., Hong Kong Aircraft Engineering Company Limited, ST Engineering Aerospace, The Boeing Company, Rolls-Royce Holdings, Honeywell International Inc.
Asia-Pacific was the largest region in the air transport MRO market in 2023. The regions covered in the air transport mro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air transport mro market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of air transport MRO include engines, lines, airframes, and other associated services. An engine is a device converting energy into mechanical force or motion. The services provided encompass heavy maintenance inspection, engine service checks, component maintenance, line maintenance, avionic standardization, and aircraft conversions. These services cater to a range of aircraft, including narrow-body, wide-body, regional jets, turbo prop, and others. The applications span civil air transport MRO and military air transport MRO.
The air transport MRO market research report is one of a series of new reports that provides air transport MRO market statistics, including air transport MRO industry global market size, regional shares, competitors with an air transport MRO market share, detailed air transport MRO market segments, market trends, and opportunities, and any further data you may need to thrive in the air transport MRO industry. This air transport MRO market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The air transport mro market size is expected to see strong growth in the next few years. It will grow to $114.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period for Air Transport Maintenance, Repair, and Overhaul (MRO) can be attributed to factors such as the emphasis on supply chain resilience, the impact of global regulatory changes, the adoption of sustainable MRO practices, and market shifts driven by the impact of COVID-19. Major trends expected in the forecast period include a heightened focus on sustainability practices, ensuring regulatory compliance, addressing challenges related to an aging aircraft fleet, managing an increased fleet size, and embracing digitalization and automation within the MRO industry.
The air transport MRO market is poised for growth owing to the escalating air travel rates. MRO, essential for enhancing aircraft readiness and durability, is expected to benefit from increased air travel. Notably, the International Air Transport Association (IATA) reported in April 2022 a substantial surge in air travel demand by 78.7% compared to April 2021, signaling a continuous upward trend. This rise, particularly witnessed in European carriers with a staggering 480.0% increase in international traffic, reflects the driving force behind the expanding air transport MRO market.
The growth trajectory of the air transport MRO market is anticipated to be bolstered by the ongoing trend of urbanization. As urban areas witness a rapid surge in population and economic activities, there is a consequent upsurge in air travel demand and infrastructure development. According to the World Bank's 2022 report, over half of the global population resides in urban regions, projected to escalate to 6 billion by 2045, resulting in a 1.5-fold increase. With urban land consumption projected to outpace population growth by up to 50% by 2030, this burgeoning urbanization serves as a catalyst for the expansion of the air transport MRO market.
A prevailing trend reshaping the air transport MRO market landscape revolves around technological advancements. Major entities in this domain are heavily investing in innovative technologies. For instance, in May 2022, Jet Support Services, Inc. (JSSI) launched the JSSI Maintenance Software, featuring a comprehensive suite of aircraft maintenance tracking and MRO software solutions. JSSI's emphasis on integrating and leveraging cutting-edge technologies signifies a strategic move to deliver enhanced value propositions to its clientele within the air transport MRO market.
Leading enterprises in the air transport MRO sector are spearheading the development of pioneering solutions, particularly technology platforms, aimed at broadening customer outreach, driving sales growth, and augmenting revenue streams. These technology platforms serve as foundational infrastructures facilitating the implementation of diverse technologies, applications, and services. Notably, in June 2023, Capgemini SE collaborated with Amazon Web Services (AWS) to introduce 'Lifecycle Optimization for Aerospace.' This platform stands out for its specialized functionalities, designed to accelerate the integration of circular economy practices within the aviation industry. Its key features include the automation of inspection processes, the optimization of lifecycle analyses for aircraft components, and the provision of guidance for extending their operational longevity. By ensuring secure data collection and analysis of in-service operations, the Lifecycle Optimization for Aerospace platform furnishes a comprehensive, evolving perspective on each component's usage history. This robust historical data collection significantly bolsters the potential reusability of aircraft components, fostering collaboration among aerospace stakeholders - owners, operators, and original equipment manufacturers (OEMs) - for collectively enhancing the global utilization of existing products.
In March 2023, AAR Corp, a prominent US-based aviation entity, acquired Trax for a substantial $120 million. AAR underscores that this acquisition underscores its unwavering commitment to delivering digital solutions to aftermarket customers. Moreover, the strategic acquisition opens new avenues for AAR to cross-promote products and services to Trax's complementary customer base. Trax, a US-based provider specializing in aircraft MRO and fleet management software, aligns seamlessly with AAR's vision to fortify its digital offerings within the aviation MRO domain.
Major companies operating in the air transport mro market report are AAR Corp., Delta Air Lines Inc., Deutsche Lufthansa AG, John Swire & Sons Limited, Airbus SE, Collins Aerospace, Air France Industries and KLM Engineering & Maintenance, HAECO Group, MTU Aero Engines AG, British Airways, Turkish Technic Inc., General Electric Company, Iberia Líneas Aéreas de España S.A., SIA Engineering Company Limited, Bombardier Inc., Lufthansa Technik AG, Safran SA, Raytheon Technologies Corporation, Singapore Technologies Engineering Ltd., Guangzhou Aircraft Maintenance Engineering Company Limited, StandardAero, Air Works Group, AJW Group, Gama Aviation, Erickson Inc., Hong Kong Aircraft Engineering Company Limited, ST Engineering Aerospace, The Boeing Company, Rolls-Royce Holdings, Honeywell International Inc.
Asia-Pacific was the largest region in the air transport MRO market in 2023. The regions covered in the air transport mro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air transport mro market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of air transport MRO include engines, lines, airframes, and other associated services. An engine is a device converting energy into mechanical force or motion. The services provided encompass heavy maintenance inspection, engine service checks, component maintenance, line maintenance, avionic standardization, and aircraft conversions. These services cater to a range of aircraft, including narrow-body, wide-body, regional jets, turbo prop, and others. The applications span civil air transport MRO and military air transport MRO.
The air transport MRO market research report is one of a series of new reports that provides air transport MRO market statistics, including air transport MRO industry global market size, regional shares, competitors with an air transport MRO market share, detailed air transport MRO market segments, market trends, and opportunities, and any further data you may need to thrive in the air transport MRO industry. This air transport MRO market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Air Transport MRO Market Characteristics3. Air Transport MRO Market Trends and Strategies31. Global Air Transport MRO Market Competitive Benchmarking32. Global Air Transport MRO Market Competitive Dashboard33. Key Mergers and Acquisitions in the Air Transport MRO Market
4. Air Transport MRO Market - Macro Economic Scenario
5. Global Air Transport MRO Market Size and Growth
6. Air Transport MRO Market Segmentation
7. Air Transport MRO Market Regional and Country Analysis
8. Asia-Pacific Air Transport MRO Market
9. China Air Transport MRO Market
10. India Air Transport MRO Market
11. Japan Air Transport MRO Market
12. Australia Air Transport MRO Market
13. Indonesia Air Transport MRO Market
14. South Korea Air Transport MRO Market
15. Western Europe Air Transport MRO Market
16. UK Air Transport MRO Market
17. Germany Air Transport MRO Market
18. France Air Transport MRO Market
19. Italy Air Transport MRO Market
20. Spain Air Transport MRO Market
21. Eastern Europe Air Transport MRO Market
22. Russia Air Transport MRO Market
23. North America Air Transport MRO Market
24. USA Air Transport MRO Market
25. Canada Air Transport MRO Market
26. South America Air Transport MRO Market
27. Brazil Air Transport MRO Market
28. Middle East Air Transport MRO Market
29. Africa Air Transport MRO Market
30. Air Transport MRO Market Competitive Landscape and Company Profiles
34. Air Transport MRO Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Air Transport MRO Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on air transport more market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for air transport more? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Type: Engine; Line; Airframes; Other Types
2) By Service: Heavy Maintenance Inspection; Engine Service Check; Component Maintenance; Line Maintenance; Avionic Standardization; Aircraft Conversions
3) By Aircraft Type: Narrow Body Aircraft; Wide-Body Aircraft; Regional Jet; Turbo Prop; Other Aircraft Types
4) By Application: Civil Air Transport MRO; Military Air Transport MRO
Companies Mentioned: AAR Corp.; Delta Air Lines Inc.; Deutsche Lufthansa AG; John Swire & Sons Limited; Airbus SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- AAR Corp.
- Delta Air Lines Inc.
- Deutsche Lufthansa AG
- John Swire & Sons Limited
- Airbus SE
- Collins Aerospace
- Air France Industries and KLM Engineering & Maintenance
- HAECO Group
- MTU Aero Engines AG
- British Airways
- Turkish Technic Inc.
- General Electric Company
- Iberia Líneas Aéreas de España S.A.
- SIA Engineering Company Limited
- Bombardier Inc.
- Lufthansa Technik AG
- Safran SA
- Raytheon Technologies Corporation
- Singapore Technologies Engineering Ltd.
- Guangzhou Aircraft Maintenance Engineering Company Limited
- StandardAero
- Air Works Group
- AJW Group
- Gama Aviation
- Erickson Inc.
- Hong Kong Aircraft Engineering Company Limited
- ST Engineering Aerospace
- The Boeing Company
- Rolls-Royce Holdings
- Honeywell International Inc.
Methodology
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