Narrowbody Aircraft MRO Market Prognosticated To Escalate With a Staggering CAGR

Narrowbody Aircraft MRO Market is predicted to reach USD 118.80 billion at a CAGR of 5.24% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Global Narrowbody Aircraft MRO Market” that contains information from 2018 to 2030. The Narrowbody Aircraft MRO market is estimated to register a CAGR of 5.24% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Narrowbody Aircraft MRO market— AAR  (US), AIR FRANCE KLM (France), Delta TechOps (US), Hong Kong Aircraft Engineering Company Limited (Hong Kong), Iberia Maintenance (Spain), Lufthansa Technik (Germany), SIA Engineering Company (Singapore), Singapore Technologies Engineering Ltd (Singapore), TAP Maintenance & Engineering (Spain), Turkish Technic Inc. (Turkey), and Indamer Aviation Private Limited (India).

Market Highlights

The global Narrowbody Aircraft MRO market is accounted to register a CAGR of 5.24% during the forecast period and is estimated to reach USD 118.80 billion by 2030.

The Narrowbody Aircraft MRO (Maintenance, Repair, and Overhaul) Market involves the servicing and upkeep of single-aisle or narrowbody commercial aircraft. This market encompasses various maintenance tasks, repairs, and overhauls to ensure the airworthiness, safety, and operational efficiency of these aircraft, which are commonly used for short to medium-haul flights by airlines worldwide.

Segment Analysis

The global Narrowbody Aircraft MRO market has been segmented based on MRO type and application.

On the basis of MRO type, the market is segmented into airframe & modification, component, engine, and line maintenance. In 2018 the engine segment dominated the market, and throughout the projected period it is anticipated to grow at the greatest CAGR. Government restrictions that are strict about engine maintenance are anticipated to fuel market expansion.

Based on application, the global Narrowbody Aircraft MRO market has been segmented into commercial air transport and business & general aviation. The commercial air transport segment dominated the segment is 2018 and is expected to grow at the highest CAGR during the forecast period. Increasing air travel in developing countries is expected to drive the growth of the market.

Regional Analysis

The global Narrowbody Aircraft MRO market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Narrowbody Aircraft MRO market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Narrowbody Aircraft 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 Narrowbody Aircraft MRO market comprises of Middle East, Africa, and Latin America.

The North America Narrowbody Aircraft MRO Market dominated this market in 2022. With a 38.36% market share in 2018, North America held the top spot. However, throughout the projected period, the market in Asia-Pacific is anticipated to develop at the greatest CAGR. It is anticipated that rising air passenger traffic in nations like China and India will fuel regional market expansion.

Additionally, North America leads due to a high concentration of airlines and MRO facilities, supported by robust aviation regulations. Europe follows suit with established MRO capabilities and a diverse airline landscape. The Asia-Pacific region is expanding rapidly as air travel demand surges, leading to increased MRO needs. The Middle East witnesses growth due to its strategic location for connecting flights, driving MRO activities.

Latin America displays steady growth with rising air traffic, while Africa's market is evolving with improving infrastructure. Eastern Europe shows potential with emerging MRO facilities. Overall, factors like airline expansion, fleet modernization, and regulatory compliance influence regional dynamics in the Narrowbody Aircraft MRO Market.

Key Findings of the Study

• The global Narrowbody Aircraft MRO market is expected to reach USD 118.80 billion by 2030, at a CAGR of 5.24% during the forecast period.


• The North America Narrowbody Aircraft MRO Market dominated this market in 2022. With a 38.36% market share in 2018, North America held the top spot.


• Based on MRO type, In 2018 the engine segment dominated the market, and throughout the projected period it is anticipated to grow at the greatest CAGR.


• AAR (US), AIR FRANCE KLM (France), Delta TechOps (US), Hong Kong Aircraft Engineering Company Limited (Hong Kong), Iberia Maintenance (Spain), Lufthansa Technik (Germany), SIA Engineering Company (Singapore), Singapore Technologies Engineering Ltd (Singapore), TAP Maintenance & Engineering (Spain), Turkish Technic Inc. (Turkey), and Indamer Aviation Private Limited (India).