Aircraft Maintenance, Repair and Operations (MRO) market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period.
The global Aircraft Maintenance, Repair and Operations (MRO) market size was estimated at USD 408.5146 billion in 2023 and is projected to reach USD 498.902 billion in 2030 at a CAGR of 2.53% during the forecast period 2023-2030.
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Aircraft Maintenance, Repair and Operations (MRO) can be described as all the steps and procedures required to maintain an aircraft to keep it running smoothly. In addition, there is an increasing focus on sustainability, which has led to parts being repaired rather than replaced, which has contributed to the growth of the MRO market, creating demand for MRO products. The emergence of new technologies and the need to improve competitiveness have also changed the MRO industry, and suppliers in the market now offer a wide range of products to meet different customer needs.
The growth of the global Aircraft Maintenance, Repair and Operations (MRO) market is mainly driven Rapid urbanization and acceleration of economic growth in developing countries along with increasing business and tourism travel is expected to boost market growth. The market is significantly affected by various external factors such as air traffic volume, global fleet size and aircraft utilization.
Competitive Landscape
· AAR Corp.
· Airgas Inc. (Air Liquide SA)
· Applied Industrial Technologies Inc.
· MSC Industrial Direct Co. Inc.
· ERIKS N.V. (SHV Holdings)
· W. W. Grainger Inc.
· Rubix Limited
· Motion Industries Inc. (Genuine Parts Company)
· Airbus SE
· Hayley Group Limited
· Delta Airlines, Inc. (Delta TechOps)
· Hong Kong Aircraft Engineering Company Limited
· KLM U.K. Engineering Limited
· Lufthansa Technik
· MTU Aero Engines AG
· RS Components
· WESCO International Inc.
· Sonepar SA
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Key Findings
· The aircraft components MRO segment is expected to grow significantly during the forecast period. The growing demand for air travel increases the frequency of flights, resulting in increased aircraft maintenance, including components and spare parts.
· The engine repair segment is expected to grow with the main market share in 2022. OEM involvement in engine maintenance activities is an important factor explaining the growth of the aircraft MRO market. Engine MRO includes field maintenance and pit maintenance.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is estimated to account for the largest market share during the forecast period.
Recent Developments
In January 2023: Applied Industrial Technologies released the fifth edition of its core product catalog for applied maintenance supplies and solutions, which includes more than 47,000 maintenance products specifically selected for maintenance, repair, operation and production (MROP) applications. The catalog features a diverse selection of products from transportation, fasteners, shop, electrical, welding, household, equipment and hoses, paints and chemicals to knives and abrasives, safety and more.
In November 2022: Sanad, a global aerospace and industrial service provider, signed a memorandum of understanding with Indonesian aircraft maintenance company GMF to establish an MRO center in Indonesia.
In January 2023, MSC Industrial Supply Co. acquired Buckeye Industrial Supply Co. and True-Edge Grinding Inc., two companies that specialize in custom tool manufacturing and the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. This acquisition will help MSC Industrial Supply Co. strengthen its position as a prominent multichannel supplier of MRO products and services.
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In addition to the market data for the Aircraft Maintenance, Repair and Operations (MRO) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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