Global Aviation Engine MRO Market Growth (Status and Outlook) 2023-2029

Global Aviation Engine MRO Market Growth (Status and Outlook) 2023-2029

Product Code:572533

Published Date: Jan 04,2023

Pages: 123

Region: Global

Category: Service & Software

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Aircraft Engine MRO is the description of maintenance repair and overhaul to aircraft engine, maintenance, repair and overhaul (MRO) is a key activity in the lifecycle of its engines. Because of the typically long operational lifetimes expected from these costly assets, MRO is necessary to maintain these systems in a safe and functional condition, so that they can fulfill the operational role that they were designed for.

The MRO system can be understood as a complex socio-technical system organized and operated to achieve aircraft availability and operation safety at minimal cost. As a complex socio-technical system, it consists of various layers: The environmental context, organizational structure, management, infrastructure, workers and the technical core.

LPI (LP Information)' newest research report, the “Aviation Engine MRO Industry Forecast” looks at past sales and reviews total world Aviation Engine MRO sales in 2022, providing a comprehensive analysis by region and market sector of projected Aviation Engine MRO sales for 2023 through 2029. With Aviation Engine MRO sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aviation Engine MRO industry.

This Insight Report provides a comprehensive analysis of the global Aviation Engine MRO landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aviation Engine MRO portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Aviation Engine MRO market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aviation Engine MRO and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aviation Engine MRO.

The global Aviation Engine MRO market size is projected to grow from US$ 36530 million in 2022 to US$ 46690 million in 2029; it is expected to grow at a CAGR of 3.6% from 2023 to 2029.

Global Aircraft Engine MRO key players include GE, Rolls-Royce, MTU Maintenance, Lufthansa Technik, Pratt & Whitney, etc. Global top five manufacturers hold a share over 50%.

North America is the largest market, with a share over 35%, followed by Europe and Asia Pacific, both have a share over 40%.

In terms of product, Overhaul is the largest segment, with a share over 60%. And in terms of application, the largest application is Civil Aircraft, followed by Military Aircraft, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aviation Engine MRO market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Maintenance
    Repair
    Overhaul

Segmentation by application
    Civil Aircraft
    Military Aircraft

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    GE
    Rolls-Royce
    MTU Maintenance
    Lufthansa Technik
    Pratt & Whitney
    Air France/KLM
    Snecma
    Delta TechOps
    Standard Aero
    BBA Aviation
    Chromalloy
    ITP
    Air New Zealand
    Bet Shemesh
    IAI
    Wood Group Turbopower
    Sigma Aerospace
    Hellenic Aerospace
    Sabraliner
    Asia Pacific Aerospace