Air Transport MRO Market Report 2024 (Global Edition)

Global Air Transport MRO Market Report 2024 Market Size Split by Service Type (Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components), by Application (Civil Air Transport M...

Air Transport MRO Market Report Description

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Competitive Landscape of the Air Transport MRO

Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their Worldwide footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.

• June 2022: Ghana's Aerojet and Jordan's Joramco, a significant MRO supplier in the MEA area, came to a deal. Due to the increase in MRO in West Africa, the Aerojet Aviation Training Academy was constructed to provide advanced studies in aircraft maintenance in Ghana's subregions.

(Source:avitrader.com/2023/04/20/joramco-expands-academy-to-ghana-via-partnership-with-aerojet-aviation/)

• December 2022: According to the international aircraft manufacturer Embraer, two maintenance service agreements were signed through EAMS in Georgia. Contracts for Embraer's structural repairs and upkeep have been inked with JSX and Envoy Air Inc.

(Source:www.sps-aviation.com/news/?id=979&catId=62&h=Embraer-Signs-Heavy-Maintenance-Services-Agreements-for-Macon-Facility)

• In April 2023, Azul Airlines debuted its brand-new division dedicated to providing routine maintenance, overhaul, and repair services. MRO services are available on several aircraft, including the Boeing 737-400F, Embraer E1/E2, and A321.

(Source:aviationweek.com/mro/services-support/azul-becomes-new-player-south-american-mro)

Top Companies Market Share in Air Transport MRO Industry: (In no particular order of Rank)

• Boeing Global Services
• Airbus S.A.S
• Lufthansa Technik AG
• GE Aviation
• SIA Engineering Company Ltd.
• ST Engineering Aerospace
• Delta TechOps
• AAR Corp
• Rolls-Royce plc
• Safran Aircraft Engines
• United Technologies Corporation
• Honeywell Aerospace
• HAECO Group
• MTU Aero Engines AG
• Turkish Technic Inc. 
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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North America dominated the market in 2023 and accounted for around 40% of the Worldwide revenue

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the Worldwide revenue; because of a thriving aviation sector, a sizable and diversified fleet of commercial aircraft, and notable technology breakthroughs, North America leads the world in the air transport MRO business. The area is home to significant OEMs, MRO suppliers, and an established infrastructure that supports aircraft repair. Furthermore, a solid footing is facilitated by strict safety standards and a high degree of knowledge of the need for routine maintenance. North America is a major center for air transport maintenance, repair, and overhaul (MRO) operations because of the region's top airlines, progressive laws, and emphasis on innovation.

APAC is the fastest-growing category due to the region's increasing influence of social media and consumers' growing understanding of the many advantages of Air Transport MRO, including less oil usage. The dynamic lifestyle of people in this region and growing unhealthy practices of food eating lead to hospitalization or chronic diseases, and this has resulted in consumers shifting from cooking in oil to Air Transport MRO that requires less or no oil usage. The market for Air Transport MRO is rising due to various causes, including rising disposable income, increasing the number of people moving to cities, and the growing impact of healthier diets among younger consumers.

The current report Scope analyzes Air Transport MRO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Air Transport MRO

According to Cognitive Market Research, the Worldwide Air Transport MRO market size was estimated at USD 78154.2 Million, out of which North America held the major market of more than 40% of the Worldwide revenue with market size of USD 31261.68 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030 Because of a thriving aviation sector, a sizable and diversified fleet of commercial aircraft, and notable technology breakthroughs, North America leads the world in the air transport MRO business. The area is home to significant OEMs, MRO suppliers, and an established infrastructure that supports aircraft repair. Furthermore, a solid footing is facilitated by strict safety standards and a high degree of knowledge of the need for routine maintenance. North America is a major center for air transport maintenance, repair, and overhaul (MRO) operations because of the region's top airlines, progressive laws, and emphasis on innovation. According to Cognitive Market Research, Engine overhaul Air Transport MRO held the major market share over the forecast period. A significant portion of the air transport MRO business is engine overhaul, which entails thoroughly repairing and restoring aircraft engines. By addressing wear and tear, this service prolongs engine life and performance. A move towards predictive maintenance utilizing sophisticated analytics and data-driven insights is reflected in the trend in engine overhaul. In conclusion, the North American Air Transport MRO market thrives due to the thriving aviation sector and a sizable and diversified commercial aircraft fleet.

Europe Air Transport MRO

According to Cognitive Market Research, with a market value of USD 78154.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030, Europe accounted for a share of over 30% of the Worldwide market size of USD 23446.26 million due to increase in air traffic and Additional variables, such growing overseas commerce, and the demand for new aircraft, are expected to drive regional growth. The emphasis on cutting-edge technology for OEMs and maintenance tasks is a key element driving the growth of the European industry. Component Air Transport MRO is the fastest-growing category over the forecast period due to the upkeep and repair of specific aircraft components, such as aircraft electronics, landing gear, engines, and other crucial equipment, referred to as the component segment in the air transport MRO business. Component-focused MRO providers are responding to these developments by providing creative ways to improve dependability, reduce downtime, and satisfy the changing demands of the contemporary aviation sector. In conclusion, the European Air Transport MRO market is thriving due to growing overseas commerce and the demand for new aircraft.

Asia Pacific Air Transport MRO

According to Cognitive Market Research, the Worldwide Air Transport MRO market size was estimated at USD 78154.2 Million, out of which Asia Pacific held the market of more than 22% of the Worldwide revenue with market size of USD 111.83 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030 due to Because of the aviation industry's fast development, rising demand for air travel, and an expanding fleet of aircraft. Economies like China and India have undergone tremendous economic expansion, pushing investments in airline infrastructure and MRO services. Its strategic location as a global transportation hub further enhances the area's position in the air transport maintenance and repair (MRO) sector. It draws major business from local and international airlines looking for high-quality maintenance services for their increasing fleets. According to Cognitive Market Research, Independent MROs hold a prominent market share due to the rising preference of airlines for independent maintenance, repair, and overhaul (MRO) providers because of their flexible scheduling, affordable rates, and specialized knowledge is a noteworthy trend in this industry that is propelling the independent MRO market's growth as an essential component of the aviation maintenance ecosystem. In conclusion, the Asia Pacific Air Transport MRO market shows significant growth due to rising disposable income and strategic location as a global transportation hub. This draws major business from local and international airlines looking for high-quality maintenance services for their increasing fleets.

South America Air Transport MRO

According to Cognitive Market Research, the Worldwide Air Transport MRO market size was estimated at USD 78154.2 Million, out of which the Latin America market of more than 5% of the Worldwide revenue with market size of USD 24.31 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030 With the help of government initiatives and legislation, the Latin America market is prepared to accept new technology trends and advances. Factors such as global flying rules and the requirement for meticulous engine and engine component maintenance drive growth. According to Cognitive Market Research, a Narrow body holds a prominent market share as single-aisle commercial aircraft that can normally fit one row of seats on each side of the fuselage and are referred to as narrow-body aircraft. In conclusion, the Latin American Air Transport MRO market exhibits steady growth, driven by government initiatives and legislation to accept new technology trends and advances.

Middle East and Africa Air Transport MRO

According to Cognitive Market Research, the Worldwide Air Transport MRO market size was estimated at USD 78154.2 Million, out of which the Middle East and Africa held the major market of more than 2% of the Worldwide revenue with market size of USD 9.72 million, 2023 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030 due to Older aircraft technology combined with an increasing number of aging aircraft fleets present a positive picture for the industry as a whole. Along with the availability of cutting-edge, next-generation wide-body aircraft, rising tourism is also helping industry sales in the area. Wide body is the fastest-growing category over the forecast period. Large, twin-aisle aircraft intended for long-haul flights are considered wide-body aircraft in the air transport MRO sector. Maintenance prediction, data analytics, and digitization are some cutting-edge technologies prioritized in wide-body airplane maintenance. In conclusion, the MEA (Middle East and Africa) Air Transport MRO market exhibits growth potential due to the increasing number of aging aircraft fleets presenting a positive picture for the industry.

Air Transport MRO Market Analysis

Air Transport MRO Service Type Segment Analysis

According to Cognitive Market Research, Engine overhaul Air Transport MRO held the major market share over the forecast period. A significant portion of the air transport MRO business is engine overhaul, which entails thoroughly repairing and restoring aircraft engines. By addressing wear and tear, this service prolongs engine life and performance. A move towards predictive maintenance utilizing sophisticated analytics and data-driven insights is reflected in the trend in engine overhaul.

Component Air Transport MRO is the fastest-growing category over the forecast period due to the upkeep and repair of specific aircraft components, such as aircraft electronics, landing gear, engines, and other crucial equipment, referred to as the component segment in the air transport MRO business. Component-focused MRO providers are responding to these developments by providing creative ways to improve dependability, cut down on downtime, and satisfy the changing demands of the contemporary aviation sector.

• Engine Overhaul
• Airframe Maintenance
• Line Maintenance
• Modification
• Components

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Air Transport MRO Industry. Request a Free Sample PDF!

Application Segment Analysis of Air Transport MRO Market

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Air Transport MRO from 2019 to 2031. This will also help to analyze the demand for Air Transport MRO across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.

Some of the key Application of Air Transport MRO are:

• Civil Air Transport MRO
• Military Air Transport MRO

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Air Transport MRO Organization Type Segment Analysis

According to Cognitive Market Research, Independent MROs hold a prominent market share due to the rising preference of airlines for independent maintenance, repair, and overhaul (MRO) providers because of their flexible scheduling, affordable rates, and specialized knowledge is a noteworthy trend in this industry that is propelling the independent MRO market's growth as an essential component of the aviation maintenance ecosystem.

OEMs are the fastest-growing category over the forecast period as OEMs are becoming more prevalent in the MRO market by providing comprehensive services and solutions for the whole life of an aircraft. By offering airlines one-stop shopping for all maintenance, repair, and overhaul needs, OEMs are demonstrating a strategic approach to customer engagement by moving towards complete support services. This strategy streamlines operations and builds long-term relationships with airlines.

• Airline/Operator MRO
• Independent MRO
• Original Equipment Manufacturer (OEM) MRO

Air Transport MRO Aircraft Type Segment Analysis

According to Cognitive Market Research, a Narrow body holds a prominent market share as single-aisle commercial aircraft that can normally fit one row of seats on each side of the fuselage and are referred to as narrow-body aircraft. Popular planes like the Airbus A320 and Boeing 737 fall within this group. The narrow-body market has grown significantly recently because of its versatility, fuel economy, and operating effectiveness on various routes. The growing fleets and adaptability of narrow-body aircraft in the aviation sector have increased demand for maintenance services, which benefits MRO suppliers servicing these aircraft.

Wide body is the fastest-growing category over the forecast period. Large, twin-aisle aircraft intended for long-haul flights are considered wide-body aircraft in the air transport MRO sector. Maintenance prediction, data analytics, and digitization are some cutting-edge technologies prioritized in wide-body airplane maintenance. In the global aviation scene, MRO suppliers are using these solutions to satisfy the changing demands of airlines running long-range, wide-body fleets while improving operational efficiency and minimizing downtime.

• Narrow-body
• Wide-body
• Regional Jet
• Others

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

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