Aviation Maintenance, Repair and Overhaul (MRO) Logistics Global Market Report 2024

The aviation maintenance, repair and overhaul (MRO) logistics market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.71 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed in the historic period can be attributed to several factors, including increased investments in aircraft MRO software development, which has driven market expansion. Additionally, the rising demand for air travel has been a significant growth driver for the industry, with increased air travel being a primary factor propelling market growth. Furthermore, adherence to regulatory compliance standards and the integration of data have played crucial roles in fostering industry growth during this period.

The aviation maintenance, repair and overhaul (MRO) logistics market size is expected to see strong growth in the next few years. It will grow to $7.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The projected growth in the forecast period can be attributed to several factors, including a surge in air travel which is expected to drive market expansion, along with the continuous increase in aircraft fleet size and utilization rates. Additionally, the focus on asset tracking and the management of aging aircraft fleets are anticipated to contribute to market growth during this period. Key trends expected in the forecast period include advancements in technology aimed at encouraging market expansion, disruptions in the supply chain, challenges related to aging infrastructure, adoption of blockchain technology for improved operational efficiency, and the increasing uptake of predictive maintenance practices within the aviation MRO sector.

The surge in air travel is poised to drive the expansion of the aviation maintenance, repair, and overhaul (MRO) logistics market in the coming years. This upsurge in demand for air travel is fueled by escalating business activities and burgeoning global trade, necessitating frequent air transit for various purposes such as business engagements, conferences, and tourism. MRO logistics serves a pivotal role in ensuring that aircraft undergo regular maintenance and repairs to adhere to stringent aviation safety standards. Moreover, it facilitates proactive identification of potential issues, thereby mitigating the risk of unexpected failures. Notably, recent data from the Bureau of Transportation Statistics reveals a substantial increase in the number of original passengers flying on American airlines, reaching 317.9 million in 2022 from 243.8 million in 2021 and 130.8 million in 2020.

Key players within the aviation maintenance, repair, and overhaul (MRO) logistics market are actively engaged in the development of innovative solutions, such as aviation suites, aimed at enhancing usability and optimizing efficiency in MRO logistic services. These aviation suites encompass modules or features specifically tailored for managing MRO inventory, including spare parts tracking, stock level management, and inventory distribution optimization across multiple sites. For instance, in July 2023, Ramco Systems, an India-based software company, unveiled Aviation Suite V5.9.6, a groundbreaking solution designed to revolutionize aviation MRO logistics operations. This advanced product is geared towards enhancing efficiency through improved usability and leveraging cutting-edge digital capabilities, offering a range of innovative features to drive operational excellence within the aviation sector.

In December 2021, Jet Support Services Inc (JSSI), a US-based company offering financial services and support for aircraft maintenance in the aviation industry, successfully acquired TRAXXALL for an undisclosed sum. The strategic intent behind JSSI's acquisition of Traxxall is to expedite its digital strategy and augment its suite of products in the aircraft maintenance tracking market. TRAXXALL, headquartered in Canada, is recognized for providing Software-as-a-Service (SaaS) solutions focused on inventory control and tracking aircraft maintenance.

Major companies operating in the aviation maintenance, repair and overhaul (mro) logistics market are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, CMA CGM S.A., The Boeing Company, Deutsche Bahn AG, Kuehne + Nagel International AG, Honeywell Aerospace, DSV Panalpina A/S, BAE Systems plc, DB Schenker, Nippon Express Co. Ltd., Bell Helicopter Textron Inc., Air France Industries KLM Engineering & Maintenance, Delta TechOps, AAR Corporation, SEKO Logistics, Duncan Aviation, FL Technics, Denel Aeronautics, CAMP Systems International Inc., Barfield Inc.

North America was the largest region in the aviation maintenance, repair, and overhaul (MRO) logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation maintenance, repair and overhaul (mro) logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aviation maintenance, repair and overhaul (mro) logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aviation maintenance, repair, and overhaul (MRO) logistics encompass the strategic planning, coordination, and oversight of all activities related to the upkeep, repair, and overhaul of aircraft and their various components. This comprehensive approach ensures that aircraft maintenance operations are executed efficiently, safely, and cost-effectively, minimizing downtime and optimizing aircraft operational readiness.

The primary categories of aviation MRO logistics include order fulfillment and inventory management. Order fulfillment entails the seamless processing and delivery of customer orders, covering a range of services such as engine overhaul, airframe maintenance, line maintenance, modifications, and component procurement. These services cater to diverse aviation sectors including civil, military, and business aviation applications.

The aviation maintenance, repair and overhaul (MRO) logistics market research report is one of a series of new reports that provides aviation maintenance, repair and overhaul (MRO) logistics market statistics, including aviation maintenance, repair and overhaul (MRO) logistics industry global market size, regional shares, competitors with an aviation maintenance, repair and overhaul (MRO) logistics market share, detailed aviation maintenance, repair and overhaul (MRO) logistics market segments, market trends and opportunities, and any further data you may need to thrive in the aviation maintenance, repair and overhaul (MRO) logistics industry. This aviation maintenance, repair and overhaul (MRO) logistics 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 aviation maintenance, repair, and overhaul (MRO) logistics market includes revenues earned by entities by providing services such as maintenance and repairs, logistics and supply chain management, component repair and overhaul, aircraft painting and refurbishment, and warranty management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.


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