Home > Aerospace and Defense > Aircraft Parts > commercial aircraft mro market
Get a free sample of Commercial Aircraft MRO Services Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Commercial Aircraft MRO Services Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
The global commercial aircraft MRO services market was valued at USD 110.7 billion in 2023 and is estimated to grow at a CAGR of 3.3% from 2024 to 2032. The market is growing due to increasing global air travel, especially in emerging markets, leading to fleet expansion and higher demand for maintenance services.
Aging aircraft require more frequent engine, airframe, and parts MRO, while modern aircraft with advanced systems are driving the need for specialized services, including avionics and fuel system maintenance. OEMs are expanding their presence in the MRO space, offering integrated solutions, while airlines are focusing on fuel-efficient upgrades to meet sustainability goals. Companies in the aircraft MRO market are forming strategic partnerships to capitalize on the growing demand for maintenance services and strengthen local capabilities. These collaborations aim to enhance operational efficiency, tap into expanding aviation markets, and meet the rising demand for servicing modern aircraft fleets globally.
For instance, in November 2023, Airbus partnered with Hindustan Aeronautics Limited (HAL) to boost India's aircraft Maintenance, Repair, and Overhaul (MRO) industry. This collaboration supports HAL's entry into commercial aircraft servicing, aligning with Airbus' commitment to India's aviation ecosystem. Airbus will help HAL meet the growing demand for MRO services, especially for the expanding A320 fleet, which has made air travel more accessible across India.
Airlines face pressure to boost fuel efficiency and cut emissions. To meet regulations and improve operations, they're upgrading engines, installing lighter parts, and retrofitting fuel systems and Auxiliary Power Units (APUs). These changes drive demand for MRO services. The sustainability push creates opportunities for fuel-efficient modifications, increasing needs for fuel system maintenance, engine upgrades, and airframe modifications.
The global market size for commercial aircraft MRO services was valued at USD 110.7 billion in 2023 and is expected to reach USD 146.9 billion by 2032, driven by a CAGR of 3.3% from 2024 to 2032.
The narrowbody segment generated over USD 65.5 billion in revenue in 2023, driven by the growth of low-cost carriers and increased demand for short to medium-haul routes.
The Asia Pacific region accounted for over 30% of the global market share in 2023, due to the growing demand for air travel and significant investments in MRO infrastructure in China.
Major players in the industry include AAR, Air France Industries, Ameco, Delta TechOps, GE Aviation, GMF AeroAsia, HAECO, Honeywell, Lufthansa Technik, MRO Holdings, MTU Aero Engines, and Rolls Royce.