Aviation Engine MRO Market Outlook and Opportunities in Grooming Regions with Forecast 2030

Aviation Engine MRO Market Outlook and Opportunities in Grooming Regions with Forecast 2030

Global Aviation Engine MRO Market is predicted to reach USD 26.52 billion at a CAGR of 6.06% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Aviation Engine MRO Market” that contains information from 2020 to 2030. The Global Aviation Engine MRO Market is estimated to register a CAGR of 6.06% during the forecast period of 2020 to 2030.


MRFR recognizes the following companies as the key players in the Global Aviation Engine MRO Market— Air France Industries KLM Engineering & Maintenance, Singapore Technologies Engineering Ltd, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce PLC, Safran, SIA Engineering Company Limited, and Honeywell International Inc.


Market Highlights


Global Aviation Engine MRO Market is accounted to register a CAGR of 6.06% during the forecast period and is estimated to reach USD 26.52 Billion by 2030.


Aviation Engine MRO (Maintenance, Repair, and Overhaul) refers to the comprehensive activities and processes undertaken to ensure the continued operational reliability, safety, and efficiency of aircraft engines. It encompasses a range of maintenance and repair tasks, including inspections, component replacement, testing, and overhauls, aimed at maintaining engines in optimal condition throughout their operational lifespan. Aviation Engine MRO involves regular inspections to identify and address wear and tear, as well as the replacement or refurbishment of components that have reached the end of their operational life. This maintenance work helps prevent engine failures, ensures compliance with regulatory standards, and contributes to the overall safety and performance of aircraft.


Segment Analysis


The Global Aviation Engine MRO Market has been segmented based on Engine Type, Aircraft Type, and Application.


Based on Engine Type, the market is segmented into Turbine Engines and Piston engines. The Turbine Engine category dominates the Aviation Engine MRO market due to its widespread use in commercial and military aviation, driving significant demand for maintenance, repair, and overhaul services.


Based on Aircraft Type, the market is segmented into Fixed-Wing Aircraft and Rotary-Wing Aircraft. The Fixed-Wing Aircraft category dominates the Aviation Engine MRO market due to its larger presence in commercial, military, and general aviation, resulting in higher demand for maintenance, repair, and overhaul services for their engines.


Based on Application, the market is segmented into Civil Aviation and Military Aviation. The Civil Aviation category dominates the Aviation Engine MRO market due to the extensive fleet of commercial and private aircraft requiring regular maintenance, repair, and overhaul services for their engines.


Regional Analysis


The Global Aviation Engine MRO Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Aviation Engine MRO Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Aviation Engine MRO Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Aviation Engine MRO Market comprises of Middle East, Africa, and Latin America.


North America captured the largest market share and is poised to maintain its leadership in the aviation engine MRO market throughout the projected period. This dominance is chiefly attributed to heightened service demand from entities headquartered in the United States and Canada. The anticipation of approximately 10,000 operational aircraft in the region by 2035 is set to open further avenues for market participants in North America's aviation engine MRO sector. Additionally, the ascending revenues of regional airlines are expected to fortify market expansion. However, the ongoing impact of the COVID-19 pandemic is predicted to impede regional market growth. As per IATA, due to travel restrictions and the global economic downturn stemming from the pandemic, North America's air transport revenue is projected to decline by USD 50 million in 2020. Consequently, the North American aviation engine market is estimated to experience a Compound Annual Growth Rate (CAGR) of 6.18% during the forecast period.


Key Findings of the Study



  • The Global Aviation Engine MRO Market is expected to reach USD 26.52 Billion by 2030, at a CAGR of 6.06% during the forecast period.

  • North America secured the largest market share and is poised to maintain its dominance in the aviation engine MRO sector throughout the forecast period. This regional growth is primarily propelled by robust demand for services from entities based in the United States and Canada.

  • Based on the Engine Type, the Market has been segmented into Turbine engines holding the largest market in 2020.

  • Air France Industries KLM Engineering & Maintenance, Singapore Technologies Engineering Ltd, GE Aviation, Hong Kong Aircraft Engineering Company Limited, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce PLC, Safran, SIA Engineering Company Limited, and Honeywell International Inc.

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