Dublin, Nov. 07, 2024 (GLOBE NEWSWIRE) — The “Air Transport MRO Market Report and Forecast 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The air transport MRO market size reached a value of USD 105.30 billion in 2023. Aided by the increasing demand for maintenance, repair, and overhaul (MRO) services in the aviation sector and the growing emphasis on maintaining operational efficiency and safety, the market is projected to further grow at a CAGR of 2.2% between 2024 and 2032 to reach a value of USD 128.18 billion by 2032.
The increasing demand for MRO services in the aviation sector is driving the market growth. With the rising air traffic and expanding fleet size, there is a significant need for regular maintenance and repair services to ensure the safety and reliability of aircraft. MRO services help airlines maintain their operational efficiency, reduce downtime, and comply with regulatory requirements, driving their demand in the global market.
The growing emphasis on maintaining operational efficiency and safety also plays a significant role in the market’s growth. Airlines and aircraft operators are increasingly focusing on preventive maintenance and timely repairs to avoid unexpected failures and ensure the safety of passengers and crew. MRO services provide comprehensive maintenance solutions, including routine inspections, component repairs, and engine overhauls, ensuring the optimal performance of aircraft, consequently driving up the air transport MRO market share.
The expanding applications of MRO services in various segments of the aviation sector significantly contribute to the market’s growth. In the commercial aviation sector, MRO services are widely used for the maintenance and repair of commercial aircraft, including narrow-body, wide-body, and regional jets. The increasing number of commercial flights and the growing demand for air travel have driven the adoption of MRO services in the commercial aviation sector.
In the military aviation sector, MRO services are employed to maintain and repair military aircraft, including fighter jets, transport aircraft, and helicopters. The increasing focus on defence modernisation and the need to maintain the readiness of military aircraft have driven the demand for MRO services in the military aviation sector, thus boosting the air transport MRO market development.
In the general aviation sector, MRO services are used for the maintenance and repair of private jets, business aircraft, and helicopters. The growing demand for private and business aviation, coupled with the increasing focus on safety and reliability, has boosted the adoption of MRO services in the general aviation sector.
As per the air transport MRO market analysis, North America holds a significant share in the global air transport MRO market, driven by the presence of leading MRO service providers and a well-established aviation sector in the region. The increasing air traffic and the expanding fleet size have boosted the demand for MRO services in North America. Moreover, the region’s strong focus on safety regulations and compliance further supports market growth.
Narrow-body aircraft represent the largest segment, driven by the high number of narrow-body aircraft in service and the increasing demand for short-haul flights. Wide-body aircraft and regional aircraft are also significant segments, catering to the maintenance and repair needs of long-haul and regional flights.
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global air transport MRO market. Some of the major players explored in the report are as follows:
- MTU Aero Engines AG
- Lufthansa Group
- Iberia Lineas Aereas de Espana, SA
- John Swire & Sons (H.K.) Ltd.
- Delta Air Lines, Inc.
- British Airways PLC
- Air France-KLM Group
- HAECO Group
- AAR Corp.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2024-2032 |
| Estimated Market Value (USD) in 2024 | $107.7 Billion |
| Forecasted Market Value (USD) by 2032 | $128.18 Billion |
| Compound Annual Growth Rate | 2.2% |
| Regions Covered | Global |
Key Topics Covered
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Air Transport MRO Market Analysis
8.1 Key Industry Highlights
8.2 Global Air Transport MRO Historical Market (2018-2023)
8.3 Global Air Transport MRO Market Forecast (2024-2032)
8.4 Global Air Transport MRO Market by Aircraft
8.5 Global Air Transport MRO Market by Application
8.6 Global Air Transport MRO Market by MRO Provider
8.7 Global Air Transport MRO Market by Region
9 North America Air Transport MRO Market Analysis
9.1 United States of America
9.2 Canada
10 Europe Air Transport MRO Market Analysis
10.1 United Kingdom
10.2 Germany
10.3 France
10.4 Italy
10.5 Others
11 Asia Pacific Air Transport MRO Market Analysis
11.1 China
11.2 Japan
11.3 India
11.4 ASEAN
11.5 Australia
11.6 Others
12 Latin America Air Transport MRO Market Analysis
12.1 Brazil
12.2 Argentina
12.3 Mexico
12.4 Others
13 Middle East and Africa Air Transport MRO Market Analysis
13.1 Saudi Arabia
13.2 United Arab Emirates
13.3 Nigeria
13.4 South Africa
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.2 Porter’s Five Forces Analysis
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
16 Key Trends and Developments in the Market
For more information about this report visit https://www.researchandmarkets.com/r/nvtyfx
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- Global Air Transport MRO Market
