Aircraft MRO Market Report 2024 (Global Edition)

Global Aircraft MRO Market Report 2024 Market Size Split by Service (Engine Overhaul , Airframe Maintenance , Line Maintenance , Modification , Components ), by Organization (Airline/Operator MRO...

Aircraft MRO Market Report Description

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Competitive Landscape of the Aircraft MRO Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Aircraft MRO Industry News

In August 2023, The Samaon government declared that it will fund Samoa Airways' replacement program. A fleet replacement program is intended to be planned by the Ministry of Public Enterprises. The program's primary goal is to replace the outdated fleet that has been grounded because of corrosion problems. 

(Source: https://www.ch-aviation.com/news/131205-samoa-airways-mulls-fleet-replacement-program-report)

Top Companies Market Share in Aircraft MRO Industry: (In no particular order of Rank)

• AAR Corp
• Airbus SE
• Delta Airlines  Inc (Delta TechOps)
• Hong Kong Aircraft Engineering Company Limited
• KLM U K Engineering Limited
• Lufthansa Technik
• MTU Aero Engines AG
• Raytheon Technologies Corporation (Previously United Technologies Corporation)
• Singapore Technologies Engineering Ltd
• TAP Maintenance & Engineering (TAP Air Portugal)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Aircraft MRO Market

Which Region Will Dominate the Aircraft MRO Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The need for aviation maintenance, repair, and overhaul (MRO) is rising significantly in North America. Strong demand for air travel, technical developments, and a sizable current fleet in need of maintenance are the key drivers of this expansion. With a robust network of OEMs, suppliers, and MRO providers, the area is well-positioned to serve as a major hub for aviation maintenance services that serve both domestic and foreign markets.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase, in the sales of reagents. A rising fleet of aircraft, stricter safety laws, and an increase in air traffic are all contributing to the growth of the European market for aviation maintenance, repair, and overhaul (MRO). The area attracts investments and promotes innovation in MRO technology and services thanks to its modern infrastructure, competent workforce, and well-established aerospace sector. Europe is now positioned as a top location for aircraft maintenance services due to this growth trajectory.

The current report Scope analyzes Aircraft MRO Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Aircraft MRO Market

According to Cognitive Market Research, the global Aircraft MRO market size was estimated at USD 79154.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 31661.68  million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. A large fleet, sophisticated infrastructure, and technological innovation are some of the drivers driving the robust airplane maintenance, repair, and overhaul (MRO) market in North America. With the region's wide network of aerospace manufacturers and service providers, the engine overhaul segment stands out in this industry. The need for engine maintenance services is only increasing as airlines place an increasing emphasis on operational dependability and efficiency. North America is still a major hub for airplane maintenance and repair (MRO) operations, with a robust industry ecosystem and a growing focus on sustainability and digitalization. It is also well-positioned for continued growth and innovation in the years to come.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Aircraft MRO market with a market size of USD 24981.07  million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The demand is amplified by the nation's commercial aircraft. 
• The Canada Aircraft MRO market had a market share of USD 3799.40 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's rising military aircraft.
• The Mexico Aircraft MRO market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 2881.21 million in 2024.

Europe Aircraft MRO Market

According to Cognitive Market Research, with a market value of USD 79154.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 23746.26 million. Europe has a thriving market for aviation maintenance, repair, and overhaul (MRO) thanks to a strong aerospace sector, strict safety laws, and a varied fleet. Notably, due to the region's emphasis on operational excellence and safety, airframe maintenance emerges as a key area. Airline companies are investing in aircraft repair to maintain efficiency and compliance, which is driving up demand for comprehensive services in this industry. Europe is a top choice for aircraft maintenance solutions because to its advanced technology capabilities, highly experienced personnel, and well-established infrastructure. The airplane maintenance and repair (MRO) market in Europe is expected to grow steadily and continue to play a significant role in the global aerospace industry with continued investments in innovation and sustainability.

• The United Kingdom Aircraft MRO market had a market share of USD 3989.37 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Aircraft MRO sales witness an upswing due to the nation's robust aviation sector,. 
• The France Aircraft MRO market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 2184.66 million in 2024.
• According to Cognitive Market Research, the Germany Aircraft MRO market size was valued at USD 4701.76 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Aircraft MRO sales surge due to the government initiatives. 
• The Italy Aircraft MRO market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD 2042.18 million in 2024.
• The Russia Aircraft MRO market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD 3680.67 million in 2024.
• The Spain Aircraft MRO market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 1947.19 million in 2024.
• The Luxembourg Aircraft MRO market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 736.13 million in 2024.
• The Portugal Aircraft MRO market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 498.67 million in 2024.
• The Greece Aircraft MRO market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 284.96 million in 2024.
• Rest of Europe Aircraft MRO market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 3680.67 million in 2024.

 

Asia Pacific Aircraft MRO Market

According to Cognitive Market Research, the global Aircraft MRO market size was estimated at USD 79154.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 18205.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. The growing aviation industry, growing fleets, and rising demand for air travel in Asia Pacific are driving the region's aircraft maintenance, repair, and overhaul (MRO) market's rapid rise. With the region's large airline network and growing need for maintenance solutions to support fleet expansion, engine overhaul services stand out among the other divisions. A increasing focus on efficiency, safety, and regulatory compliance makes Asia Pacific a great region for MRO providers to meet airlines' and operators' changing needs. Infrastructure, technology, and people investments are fostering innovation and accelerating the expansion of the airplane maintenance and repair (MRO) sector in Asia Pacific as the area continues to establish itself as a major participant in the global aviation market.

• According to Cognitive Market Research, the China Aircraft MRO market size was valued at USD 8192.46 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Aircraft MRO sales surge in China due to the nation's rapid expansion in investments in aerospace infrastructure.
• The Japan Aircraft MRO market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 2512.35 million in 2024.
• The India Aircraft MRO market had a market share of USD 2184.66 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. The demand is augmented by India's increasing technology bolster.
• The South Korea Aircraft MRO market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 1820.55 million in 2024.
• The Australia Aircraft MRO market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 946.68 million in 2024.
• The South East Asia Aircraft MRO market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 1256.18 million in 2024.
• The Rest of Asia Pacific Aircraft MRO market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 1292.59 million in 2024.

South America Aircraft MRO Market

According to Cognitive Market Research, the global Aircraft MRO market size was estimated at USD 79154.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3957.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. The region's growing aviation industry and rising demand for air travel are driving Latin America's market for aircraft maintenance, repair, and overhaul (MRO) to sustained growth. Notwithstanding obstacles including limited infrastructure and unstable economies, the economy appears promising, with airframe repair rising as a significant subsector. The need for aircraft maintenance services is still growing as airlines in the area try to maximize operating efficiency while ensuring safety and compliance. Latin America offers MRO providers great opportunity to enhance their footprint and support the region's aviation industry's continued expansion and development with continuous investments in infrastructure development and regulatory alignment.

• According to Cognitive Market Research, the Brazil Aircraft MRO market size was valued at USD 1693.90 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Aircraft MRO sales flourish in Brazil due to the nation's aerospace engineering.
• The Argentina Aircraft MRO market had a market share of USD 664.90 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The demand is augmented by Argentina's commitment to aerospace engineering.
• The Colombia Aircraft MRO market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 352.24 million in 2024.
• The Peru Aircraft MRO market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 324.53 million in 2024.
• The Chile Aircraft MRO market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 284.96 million in 2024.
• The Rest of Latin America Aircraft MRO market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 637.19 million in 2024.

 

Middle East and Africa Aircraft MRO Market

According to Cognitive Market Research, the global Aircraft MRO market size was estimated at USD 79154.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1583.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The Middle East and Africa region's strategic location as a worldwide aviation hub and rising air traffic demand are driving the market's promising growth prospects for airplane maintenance, repair, and overhaul (MRO). Notwithstanding obstacles including limited infrastructure and unpredictability in geopolitics, the business is steadily growing. Because of the region's large fleet of wide-body aircraft and the requirement for specialized maintenance services to support long-haul operations, the engine overhaul market stands out in particular. The Middle East and Africa are set to become major players in the worldwide aircraft maintenance, repair, and overhaul (MRO) market with investments in infrastructure, regulatory frameworks, and workforce development. This presents prospects for growth and innovation in the years to come.

• According to Cognitive Market Research, the GCC Countries Aircraft MRO market size was valued at USD 677.56 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Aircraft MRO sales flourish in the GCC Countries due to the region's strategic investments in aerospace.
• The Egypt Aircraft MRO market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 166.22 million in 2024.
• The South Africa Aircraft MRO market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 250.13  million in 2024. Aircraft MRO sales flourish in the South Africa due to the region's strategic investments in aerospace.
• The Turkey Aircraft MRO market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 136.15 million in 2024.
• The Nigeria Aircraft MRO market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD 166.22 million in 2024.
• The Rest of MEA Aircraft MRO market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 186.80 million in 2024.

Aircraft MRO Market Analysis

Aircraft MRO Market Service Segment Analysis

According to Cognitive Market Research, Engine Overhaul, held the major market share over the forecast period. A growing sector of the aviation maintenance, repair, and overhaul (MRO) market is engine overhaul services, which is being driven by the need for more engine maintenance as a result of aging fleets and increased air traffic. Reliability and operational efficiency are becoming more important to airlines, which increases the demand for complete engine overhaul solutions. This pattern encourages investment in specialist engine maintenance and repair facilities and capabilities, establishing it as a major sector for industry growth.

Airframe Maintenance is the fastest-growing category over the forecast period. Because of aging aircraft fleets and increasing air traffic, airframe maintenance is a growing sector of the aircraft maintenance, repair, and overhaul (MRO) market. In order to maintain operating effectiveness, safety, and compliance, airlines give priority to airframe maintenance. Due to the rising need for thorough airframe maintenance services, such as structural changes, repairs, and inspections, the industry is expanding.

• Engine Overhaul 
• Airframe Maintenance 
• Line Maintenance 
• Modification 
• Components 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft MRO Industry. Request a Free Sample PDF!

Aircraft MRO Market Organization Segment Analysis

According to Cognitive Market Research, Airline/Operator MRO, hold a prominent market share. Within the aviation maintenance, repair, and overhaul (MRO) business, the airline/operator segment is growing at a rapid pace. Airline companies and operators are depending more and more on their own maintenance departments to boost productivity, cut expenses, and keep control over the airworthiness of their fleets. This pattern encourages spending on specialized infrastructure, education, and technology, which supports the growth of the airline/operator maintenance market.

Independent MRO is the fastest-growing category over the forecast period. The market for independent maintenance, repair, and overhaul (MRO) companies servicing airplanes is expanding significantly. Independent MROs provide specialized knowledge, competitive pricing, and customized services, which airlines are looking for as they search for flexible and cost-effective solutions. This tendency is encouraging the growth of this market sector and adding to the overall expansion of the aircraft maintenance and repair (MRO) industry by pushing an increase in the outsourcing of maintenance services to independent providers.

• Airline/Operator MRO 
• Independent MRO 
• Original Equipment Manufacturer (OEM) MRO 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Aircraft MRO Aircraft Segment Analysis

According to Cognitive Market Research, Narrow-Body held the major market share over the forecast period. The aviation maintenance, repair, and overhaul (MRO) business is seeing notable growth in the narrow-body segment. This is driven by the growing need for narrow-body aircraft because of their adaptability in the field, economy on fuel, and fit for short- to medium-distance travel. The narrow-body maintenance and repair (MRO) industry is growing due to airlines' increasing fleet expansion and the demand for maintenance services specifically designed for smaller aircraft.

Wide-Body is the fastest-growing category over the forecast period. The market for aviation maintenance, repair, and overhaul (MRO) is growing due to the wide-body segment's contribution to both the expansion of global air traffic and the growing use of wide-body aircraft for long-haul routes. Significant development prospects exist in the wide-body market as a result of airlines investing in their wide-body fleets to fulfill passenger demand and the growing requirement for specialist MRO services to support these larger aircraft.

• Narrow-Body 
• Wide-Body 
• Regional Jet 
• Others 

Aircraft MRO Aircraft Generation Segment Analysis

According to Cognitive Market Research, Old Generation, held the major market share over the forecast period. Because older fleets are becoming more in need of affordable ways to prolong their operating lives, the market for maintenance, repair, and overhaul (MRO) for older aircraft is growing. The demand for specialist MRO services designed to meet the particular needs of these aging platforms is rising as airlines look to maximize the performance and airworthiness of their older aircraft, which is propelling expansion in this market.

Mid Generation is the fastest-growing category over the forecast period. As mid-generation aircraft get older and need more maintenance to stay airworthy, the market for MRO for these types of aircraft is expanding. There is an increasing need for specialist MRO services designed for mid-generation aircraft because airlines are using a large number of these aircraft. The mid-generation aircraft maintenance and repair (MRO) industry is growing as a result of this trend, providing providers with chances to offer complete maintenance solutions.

• Old Generation 
• Mid Generation 
• New Generation

Author's Detail

Anjali Lawand

Research Associate at Cognitive Market Research

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Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.

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