Air Transport MRO Market Statistics, Trends, Size, Growth, Share, Demand and Forecast to 2028
The air transport M.R.O. market is projected to grow at a CAGR of 4.30%, with an estimated
market size of USD 72.1 billion in 2021 to USD 92.8 billion by 2028. The increase in air
passenger traffic, fleet iterations, the need to improve operability & efficiency, and the
necessity for disassembling, inspecting, and repairing various aircraft parts are anticipated to
propel the air transport M.R.O. market. One of the factors driving the growth of the air
transport M.R.O. industry is the ongoing emphasis on cost reduction via maintenance. The
market is also being fueled by weak economic growth in established and developing
economies and low worldwide investments in the aviation sector. However, a shortage of
experienced manpower and higher maintenance cost is projected to hinder the air transport
M.R.O. market growth.
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Drivers: Rising number of airline passengers
Due to the increasing number of middle-class travelers worldwide, the aviation business is
expanding and will likely continue. By 2037, the number of passengers flying internationally
could quadruple, increasing the number of flying hours for aircraft fleets. As a result, in the
years to come, there will be a greater need for the maintenance and repair of aircraft
components. More aviation sector growth would occur in APAC, particularly in China and
India. To meet the rising demand for air travel, the Civil Aviation Administration of China
(CAAC) plans to construct 216 new airports by 2035. This will have a direct positive impact
on the aircraft M.R.O. market during the forecast period.
Restraints: COVID-19 restrictions
The COVID-19 pandemic is slowing down the number of people going internationally,
limiting market expansion. Additionally, the hampered economic expansion of nations has
resulted in the closure of small airline firms in 2020. All the major nations in Europe, Asia,
and North America have severely limited economic operations and the movement of people
and products due to the ongoing COVID-19 pandemic. All of these elements limit the
availability and demand for airplane maintenance services, impeding the expansion of the
global air transport M.R.O. market's revenue.
Opportunities: Introduction of blockchain
Utilizing blockchain technology in aviation has created the potential for M.R.O. providers
and organizations concerning maintenance, data security, and passenger information,
assisting enterprises in increasing efficiency and accuracy levels. In the aviation sector,
blockchain is quickly becoming one of the more advanced connective technologies, assisting
businesses in redefining their operations while reducing costs and enhancing maintenance
procedures. With this technology, the precise real-time location of important assets may be
reliably tracked. Important details, including passenger information, flight path, luggage
onboarding, and tracking of lost objects, can assist management in taking the appropriate
emergency action. However, M.R.O. service providers can use blockchain to give verifiable
paperwork for components they have installed and serviced, in addition to a host of other
advantages. These trends are predicted to be positive for the air transport M.R.O. industry
during the evaluation period.
The engine category is estimated to be the largest growth in the steam engine market
during the forecast period
The engine category dominated the market. One important element contributing to the
expansion of the air transport M.R.O. market is O.E.M.'s involvement in engine maintenance
activities. Field maintenance and depot maintenance are included in engine M.R.O. Engines,
parts, and subassemblies are thoroughly maintained, repaired, and rebuilt as part of depot-
level maintenance. As opposed to shop-style work and on-equipment repair activities at the
field level. Additionally, the Engine segment will get more active and competitive in the
coming years. More O.E.M.s and M.R.O. suppliers are collaborating to enhance engine
manufacturing technology, expanding engine lifecycle and maintenance parameters.
Compared to other aircraft parts and equipment, engines are seeing more uses of M.R.O.
services due to these considerations.
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Military air transport M.R.O. is estimated to be the largest growing market category
during the forecast period
The military air transport M.R.O. segment is projected to grow fastest during the forecast
period. Since M.R.O. businesses are transitioning from centralized maintenance diagnostic
operations to prescriptive maintenance operations due to advancements in A.I. and analytics,
the military sector has a higher stake. The global armed forces are putting more emphasis on
routine engine maintenance and periodic inspections due to the complexity of engine parts
and the rise in military aircraft crash caused by engine breakdowns.
The North American segment is estimated to be the largest growing market during the
forecast period
North America is the largest air transport M.R.O. market and is projected to grow at the
highest CAGR during the forecast period since the regional government is trying to create
zero-emission automobiles. The North American aviation sector is incredibly important to the
nation's economy. The U.S. has the largest military and commercial aircraft fleet worldwide,
making M.R.O. services very important. The United States is a desirable market due to the
presence of top O.E.M.s and M.R.O. providers. It anticipates growth in the North American
air transport M.R.O. market. Due to severe government regulations for timely aircraft
inspection, long-term contracts and agreements for necessary services are being signed by
airlines and M.R.O. suppliers. Demand for air transport M.R.O. will continue to be driven by
introducing new aircraft models and technologically advanced onboard services.
Key Market Players
The air transport M.R.O. market is dominated by a few global players and comprises several
regional players. Some key manufacturers operating in the market are Aerospace Industries
(I.A.I.), United Technologies Corporation (Pratt and Whitney division), A.A.R. Corporation,
Deutsche Lufthansa AG, John Swire & Sons (H.K.) Ltd., TIMCO Aviation Services, Inc.,
Delta TechOps, Airbus S.A.S.
View More Information : https://www.globenewswire.com/en/news-
release/2022/11/10/2553415/0/en/Global-Air-Transport-MRO-Market-to-Garner-92-8-
Billion-by-2028-at-4-30-CAGR-Markets-N-Research.html
Key Market Players
The maintenance repair and operations (MRO) market is dominated by a few global players
and comprises several regional players. Some key manufacturers operating in the market are
Electrocomponents plc (U.K.), Airgas, Inc. (U.S.), Adolf Würth GmbH & Co. KG
(Germany), Applied Maintenance Supplies & Solutions (U.S.), WESCO (U.S.), W.W.
Grainger, Inc. (U.S.), Graybar Electric Company Inc. (U.S.), MSC Industrial Direct Co., Inc
(U.S.), KAMAN CORPORATION (U.S.), RUBIX (U.K.), Sonepar (France), Rexel (France),
Motion Industries, Inc (U.S.), Anixter Inc (U.S.), ERIKS Group (U.S.), and Lawson
Products, Inc (U.S.
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