Air Transport MRO Market Trends and Forecast
The future of the global air transport MRO market looks promising with opportunities in the civil air transport MRO and military air transport MRO markets. The global air transport MRO market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing air travel leading to higher demand for aircraft maintenance services and expansion of low-cost carriers and regional airlines increasing the demand for affordable MRO solutions.
• Lucintel forecasts that engine is expected to witness the highest growth over the forecast period.
• Within this market, civil air transport MRO is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Air Transport MRO Market
• United States: Boeing has announced the establishment of a new MRO facility in Atlanta, Georgia, focusing on servicing its fleet of 787 Dreamliner aircraft. This initiative aims to enhance maintenance efficiency and support for the North American airline operators.
• United Kingdom: Rolls-Royce has unveiled plans to invest in its Derby facility to expand capabilities in engine maintenance, aiming to support the growing demand for MRO services from global airline customers.
• China: Ameco Beijing has inaugurated a state-of-the-art hangar at Beijing Capital International Airport, equipped with advanced technology for servicing wide-body aircraft. This expansion underscores ChinaÄX%$%Xs commitment to becoming a hub for MRO activities in the Asia-Pacific region.
• Germany: Lufthansa Technik has introduced "Condition Analytics," a digital solution that uses AI and data analytics to predict maintenance needs and optimize operational performance for its airline customers worldwide.
• Singapore: ST Engineering has launched an additive manufacturing facility for aerospace components, enhancing its MRO capabilities by enabling faster and cost-effective repairs for complex engine parts and components.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Air Transport MRO Market by Segment
The study includes a forecast for the global air transport MRO market by type, aircraft type, service, application, and region.
Air Transport MRO Market by Type [Value from 2018 to 2030]:
• Engines
• Line
• Airframes
• Others
Air Transport MRO Market by Aircraft Type [Value from 2018 to 2030]:
• Narrow Body Aircrafts
• Wide-Body Aircrafts
• Regional Jets
• Turbo Props
• Others
Air Transport MRO Market by Service [Value from 2018 to 2030]:
• Heavy Maintenance Inspection
• Engine Service Check
• Component Maintenance
• Line Maintenance
• Avionic Standardization
• Aircraft Conversions
Air Transport MRO Market by Application [Value from 2018 to 2030]:
• Civil Air Transport MRO
• Military Air Transport MRO
Air Transport MRO Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Air Transport MRO Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air transport MRO companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air transport MRO companies profiled in this report include-
• AAR
• Delta Air Lines
• Deutsche Lufthansa
• John Swire & Sons Limited
• Airbus
Recent Development in the Air Transport MRO Market
• HAECO has expanded its aircraft interiors business, offering cabin reconfiguration services to meet changing airline requirements for passenger comfort and operational efficiency.
• Turkish Technic has developed a comprehensive engine maintenance program for CFM56 engines, focusing on enhancing reliability and optimizing maintenance costs for global airline customers.
• LATAM MRO has launched a new component repair capability for avionics and electronics, aiming to reduce turnaround times and improve service reliability for its regional and international clients.
• FL Technics has introduced a digital inventory management platform, optimizing spare parts inventory and procurement processes to reduce costs and improve operational efficiency for airlines and MRO providers globally.
Features of the Global Air Transport MRO Market
Market Size Estimates: Air transport MRO market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Air transport MRO market size by various segments, such as by type, aircraft type, service, application, and region in terms of value ($B).
Regional Analysis: Air transport MRO market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, aircraft types, services, applications, and regions for the air transport MRO market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air transport MRO market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for air transport MRO market?
Answer: The global air transport MRO market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the air transport MRO market?
Answer: The major drivers for this market are increasing air travel leading to higher demand for aircraft maintenance services and expansion of low-cost carriers and regional airlines increasing the demand for affordable MRO solutions.
Q3. What are the major segments for air transport MRO market?
Answer: The future of the air transport MRO market looks promising with opportunities in the civil air transport MRO and military air transport MRO markets.
Q4. Who are the key air transport MRO market companies?
Answer: Some of the key air transport MRO companies are as follows:
• AAR
• Delta Air Lines
• Deutsche Lufthansa
• John Swire & Sons Limited
• Airbus
Q5. Which air transport MRO market segment will be the largest in future?
Answer: Lucintel forecasts that engine is expected to witness the highest growth over the forecast period.
Q6. In air transport MRO market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the air transport MRO market by type (engine, line, airframes, and others), aircraft type (narrow body aircraft, wide-body aircraft, regional jet, turbo prop, and others), service (heavy maintenance inspection, engine service check, component maintenance, line maintenance, avionic standardization, and aircraft conversions), application (civil air transport MRO and military air transport MRO), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Air Transport MRO Market Market, Air Transport MRO Market Market Size, Air Transport MRO Market Market Growth, Air Transport MRO Market Market Analysis, Air Transport MRO Market Market Report, Air Transport MRO Market Market Share, Air Transport MRO Market Market Trends, Air Transport MRO Market Market Forecast, Air Transport MRO Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.