Overhaul Market Report 2025 (Global Edition)

Global Overhaul Market Report 2025 Market Size Split by Type Outlook: (Industrial MRO, Electrical MRO, Facility MRO), by Application Outlook: (Food and Beverage, Textile, Wood & Paper, Mining, Oil & G...

Overhaul Market Report Description

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Competitive Landscape of the Overhaul Market

The Overhaul Market refers to the industry focused on the comprehensive maintenance, repair, and upgrading of equipment, systems, or processes across various sectors, such as aerospace, automotive, manufacturing, and energy. This market encompasses services and products that extend the lifespan, efficiency, and reliability of assets through detailed inspections, repairs, replacements, and modernizations.

In April 2023, StandardAero was selected by the Brazilian Air Force (Força Aérea Brasileira or FAB) to provide comprehensive maintenance, repair and overhaul (MRO) services for the Rolls-Royce AE 3007 engines powering its fleet of Embraer ERJ-145 aircraft. (Source: https://standardaero.com/standardaero-to-provide-brazilian-air-force-with-comprehensive-ae-3007-maintenance-repair-and-overhaul-services-in-support-of-its-erj-145-fleet/) In September 2024, Dassault Aviation decided to establish a business solely focused on the maintenance, repair, and overhaul (MRO) of its military operations. A subsidiary of Dassault Aviation, Dassault Aviation MRO India (DAMROI) is an Indian corporation with its headquarters located in Noida, Uttar Pradesh. To ensure the best possible responsiveness and efficiency in meeting its requirements, it is dedicated to providing the Indian Air Force with customized products and services to support its Mirage 2000 fleet and, more generally, the fighter aircraft supplied by Dassault Aviation in India. (Source: https://www.dassault-aviation.com/en/group/press/press-kits/dassault-aviation-has-decided-to-create-a-company-dedicated-to-its-military-mro-activities/)

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

• Lufthansa Technik
• Safran Aircraft Engines
• Airbus Group
• ST Aerospace
• Honeywell International
• Delta TechOps
• Air France KLM Engineering & Maintenance
• GE Aviation
• Pratt & Whitney
• GMF AeroAsia
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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!

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Regional Analysis of the Overhaul Market

Which Region Dominates the Overhaul Market in 2024?

According to Cognitive Market Research, North America is expected to dominate the market during the forecast period. The regional expansion of the market is driven by the region’s robust industrial base, technological advancements, and focus on maintaining operational efficiency across various industries. The market spans sectors like aerospace, automotive, energy, healthcare, and manufacturing, with a growing emphasis on digital and sustainable overhaul solutions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific market is growing due to increasing industrialization, rising aviation activity, expanding automotive sectors, and growing investments in energy and healthcare infrastructure. Countries like China, India, Japan, and South Korea play pivotal roles in driving the market, supported by advancements in technology and regional government initiatives.

The current report Scope analyzes Overhaul 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 Overhaul

According to Cognitive Market Research, the global Overhaul market size was estimated at USD 33221.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 13288.60 million in 2024 and will grow at a compound annual growth rate (CAGR) 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Overhaul market with a market size of USD 10484.71 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The U.S. market's is growing owing to the presence of major players.
• The Canada Overhaul market had a market share of USD 1594.63 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada’s rising investment.
• The Mexico Overhaul market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1209.26 million in 2024.

Europe Overhaul

According to Cognitive Market Research, the global Overhaul market size was estimated at USD 33221.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 9966.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Overhaul market had a market share of USD 1674.36 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Overhaul sales witness an upswing due to the increasing technological advancements.
• The France Overhaul market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 916.91 million in 2024.
• According to Cognitive Market Research, the German Overhaul market size was valued at USD 1973.36 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Overhaul surged due to the growing product launch.
• The Italy Overhaul market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 857.11 million in 2024.
• The Russia Overhaul market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 1544.80 million in 2024.
• The Spain Overhaul market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 817.25 million in 2024
• The Luxembourg Overhaul market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 308.96 million in 2024.
• The Portugal Overhaul market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 209.30 million in 2024.
• The Greece Overhaul market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 119.60 million in 2024.
• The Rest of Europe's Overhaul market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 1544.80 million in 2024.

Asia Pacific Overhaul

According to Cognitive Market Research, the global Overhaul market size was estimated at USD 33221.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 7640.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Overhaul market size was valued at USD 3438.43 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Overhaul surged in China due to increasing investment.
• The Japan Overhaul market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 1054.45 million in 2024.
• The India Overhaul market had a market share of USD 916.91 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's rising industrialization.
• The South Korean Overhaul market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 764.09 million in 2024.
• The Australian Overhaul market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 397.33 million in 2024.
• The South East Asia Overhaul market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 527.23 million in 2024.
• The Rest of Asia Pacific Overhaul market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 542.51 million in 2024.

South America Overhaul

According to Cognitive Market Research, the global Overhaul market size was estimated at USD 33221.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1661.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Overhaul market size was valued at USD 710.94 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Overhaul flourished in Brazil due to increasing investment.
• Argentina's Overhaul market had a market share of USD 279.06 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's rising collaboration among key players.
• Colombia Overhaul market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 147.84 million in 2024.
• Peru Overhaul market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 136.21 million in 2024.
• Chile Overhaul market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 119.60 million in 2024.
• The Rest of Latin America's Overhaul market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 267.43 million in 2024.

Middle East and Africa Overhaul

According to Cognitive Market Research, the global Overhaul market size was estimated at USD 33221.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 664.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Overhaul market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 284.38 million in 2024. The country's growth is driven by the presence of major market players.
• The Egypt Overhaul market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 69.77 million in 2024.
• The South Africa Overhaul market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 104.98 million in 2024. Overhaul sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Overhaul market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 57.14 million in 2024.
• The Nigeria Overhaul market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 69.77 million in 2024.
• The Rest of the MEA Overhaul market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 78.40 million in 2024.

Overhaul Market Analysis

How are Segments Performing in the Global Overhaul Market?

Overhaul Market Type Segment Analysis

According to Cognitive Market Research, Industrial MROs are likely to dominate the Overhaul Market over the forecast period. Many industrial facilities are operating with ageing equipment, necessitating regular overhauls to maintain functionality and prevent breakdowns. Moreover, the adoption of IoT, AI, and predictive maintenance tools enhances the accuracy of identifying overhaul needs, driving demand for sophisticated MRO solutions. Also, growth in manufacturing, construction, and mining industries, particularly in emerging economies, creates a sustained demand for MRO overhauls.

Facility MRO is the fastest-growing segment in the Overhaul Market. Facility Maintenance, Repair, and Overhaul (MRO) involves services aimed at maintaining the functionality, safety, and efficiency of infrastructure and equipment within facilities such as factories, offices, hospitals, and educational institutions. The facility MRO market has experienced steady growth driven by increasing demand for preventive maintenance, technological advancements, and an emphasis on sustainability.

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 Overhaul Industry. Request a Free Sample PDF!

Overhaul Market Application Segment Analysis

According to Cognitive Market Research, the Transportation segment holds the largest share of the market. As many automobiles, airplanes, and railroad systems approach or beyond their planned lifespans, extensive renovations are required to increase usability. Furthermore, to comply with regulatory requirements, particularly in the shipping and aviation industries, more stringent safety and environmental regulations necessitate frequent inspections and overhauls. Furthermore, the need to update outdated fleets with contemporary features is driven by advancements in propulsion systems, navigational aids, and fuel efficiency technology.

In the Overhaul Market, Construction has been expanding at a rapid pace. Regular renovations are necessary for many older structures and infrastructure to meet updated codes, improve safety, and handle wear and tear from prolonged use. Furthermore, the need for overhaul services that concentrate on insulation, HVAC systems, and renewable energy systems like solar panels is driven by the rising demand for energy-efficient buildings and sustainable retrofits. Additionally, more effective planning, management, and execution of renovations in building projects are made possible by the integration of digital twins, smart building technologies, and Building Information Modeling (BIM).

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

Overhaul Division Outlook: Segment Analysis

Overhaul Market Division Segment Analysis

According to Cognitive Market Research, the Engine segment holds the largest market share. Numerous sectors, particularly maritime, automotive, and aviation, depend on outdated engines that need to be overhauled frequently to maintain performance and safety requirements. Additionally, upgrading an engine is frequently less expensive than replacing it completely. Demand for overhaul services is fueled by this financial advantage, especially in the industrial, heavy machinery, and automotive sectors. Additionally, businesses are compelled to engage in routine engine overhauls due to tighter safety rules, emissions standards, and efficiency requirements in a variety of industries, including aviation, automotive, and marine.

In the Overhaul market, the rapidly growing sector is the Cabin Interior category. The increasing demand for more comfortable and luxurious travel experiences pushes transportation companies to invest in cabin interior overhauls. This includes modernizing seating, adding advanced entertainment systems, and improving lighting and climate control systems.

• Engine
• Cabin Interior
• Airframe
• Avionics
• Others

Overhaul Service Outlook: Segment Analysis

Overhaul Market Service Segment Analysis

According to Cognitive Market Research, the Engineering Services segment holds the largest market share. The need for specialized engineering services is being driven by the development of cutting-edge technology like artificial intelligence (AI), automation, and predictive maintenance. By increasing overhaul accuracy and efficiency, these technologies lower operating expenses and downtime. Furthermore, engineering services are being used for continuous maintenance and lifecycle management as there is a growing emphasis on minimizing downtime and prolonging the life of assets. Using predictive analytics to foresee the need for overhauls before system faults is part of this.

In the Overhaul market, the rapidly growing sector is the Inventory Management category. One of the primary goals of inventory management in overhaul projects is to reduce downtime. Ensuring that the right parts and materials are available when needed minimizes the time equipment is out of service, which is essential in industries where operational availability is critical, such as aviation and rail.

• Engineering Services
• Line Maintenance Services
• Inventory Management
• Technical Training
• Freight Conversion
• Others

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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