Aircraft Maintenance, Repair and Overhaul (MRO) Services Market to Hit USD 78.9 BILLION by 2029- MarkNtel

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Research Report: Forecast (2024–2029). This report provides a detailed assessment of the Aircraft Maintenance, Repair and Overhaul (MRO) Services, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22

• Base Year: 2023

• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Outlook

The Global Aircraft Maintenance, Repair and Overhaul (MRO) Services Market size in the year 2022 was around USD 78.9 billion and it is estimated to grow at a CAGR of around 7.32% during the forecast period, i.e., 2024-29. The factors attributing to the growth of aircraft MRO services across the globe have been the extensive usage of the aircrafts for the air travel & cargo shipping, aging aircraft and stringent government regulations that mandate the Maintenance, services of the airliner at regular time intervals.

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Drivers:

Extensive Air Cargo Delivery & Air Travel Driving Market Growth – Over the past few years, air traffic has consistently increased due to the surge in the transportation of goods via air and the rising tourism across the globe. Air cargo is crucial for perishable goods transportation like pharmaceuticals, seafood, vaccines, etc., since it provides timely delivery of these goods and ensures the preservation of the quality & shelf life of the goods.

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Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Trends:

Rising Inclination Towards Sustainable Maintenance Boosting Market Growth – In recent years, aircraft emissions have marginally increased due to extensive aircraft usage for reasons like travel & transportation. According to the International Energy Agency (IEA), in 2022, aircraft emissions accounted for approximately 2% of the total CO2 emissions, and the emissions are growing at a relatively faster rate than the other modes of transportation such as rail, road, and ships. As a result, countries like the US, India, etc., are laying out policies such as Civil Aviation Policy 2020-2050, National Green Aviation Policy, etc., encouraging aircraft operators to imbibe sustainable practices.

Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Segmentation

The study categorizes the Aircraft Maintenance, Repair and Overhaul (MRO) Services into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type of MRO

• Independent MRO- Market Size & Forecast 2019-2029F, USD Million

• Original Equipment Manufacturer (OEM) MRO- Market Size & Forecast 2019-2029F, USD Million

• Airline/Operator MRO- Market Size & Forecast 2019-2029F, USD Million

By Service Type

• Airframe Maintenance- Market Size & Forecast 2019-2029F, USD Million

• Engine Overhaul- Market Size & Forecast 2019-2029F, USD Million

• Modification- Market Size & Forecast 2019-2029F, USD Million

• Component repair & Maintenance- Market Size & Forecast 2019-2029F, USD Million

• Line Maintenance- Market Size & Forecast 2019-2029F, USD Million

By Type of Aircraft

• Commercial Aviation

  • Narrow body Jet- Market Size & Forecast 2019-2029F, USD Million

  • Widebody Jet- Market Size & Forecast 2019-2029F, USD Million

  • Regional Jet- Market Size & Forecast 2019-2029F, USD Million

  • Cargo- Market Size & Forecast 2019-2029F, USD Million

• General Aviation

  • Single-Engine Piston Aircraft

  • Twin-Engine Piston Aircraft

  • Turboprop Aircraft

  • Business Jets

  • Amphibious Aircrafts

  • Others (Rotorcraft, Aerobatic Aircraft, etc.)

• Military Aviation

  • Fighter Aircraft

  • Bomber Aircraft

  • Reconnaissance Aircraft

  • Special Mission Aircraft

  • Others (Transport Aircraft, Trainer Aircraft, etc.)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific.

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Leading Companies in Aircraft Maintenance, Repair and Overhaul (MRO) Services Market Worldwide: Players, Analysis & Future Outlook

• Delta TechOps

• Lufthansa Technik AG

• Financial Details

• Air France Industries KLM Engineering & Maintenance

• Hong Kong Aircraft Engineering Company Limited (HAECO)

• PT GMF Aeroasia TBK

• Avia Solutions Group PLC

• StandardAero

• Emirates Engineering

• MTU Aero Engines AG

• Singapore Technologies Engineering Ltd

• Tap Maintenance & Engineering Ltd.

• AAR Corporation

• Textron Aviation, Inc.

• Euravia Engineering & Supply Co. Ltd

• Air India Engineering Services Ltd.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2029.

• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.

• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.

• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/aircraft-mro-services-market.html  

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Aircraft Maintenance, Repair and Overhaul (MRO) Services?

   
   

    2. What are the major factors driving this market’s growth?

   
   

    3. Which regions are expected to lead the Aircraft Maintenance, Repair and Overhaul (MRO) Services?

   
   

    4. Who are the prominent players in the Aircraft Maintenance, Repair and Overhaul (MRO) Services?

   
   

    5. How is the competition structured in this market?

   
   

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About Us

MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.

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