Aircraft Maintenance, Repair and Overhaul (MRO) is the process of maintaining, repairing and overhauling aircraft components and systems. It is a critical part of ensuring safe and reliable aircraft for commercial, military and private use. Aircraft MRO is a multi-billion dollar global industry and is one of the most important sectors in the aviation industry.
MRO services can include maintenance, repair, inspection, modification, overhaul, and replacement of components and systems on an aircraft. This can range from routine maintenance checks, to more complex repairs and modifications such as engine re-builds, structural repairs and avionics upgrades. Aircraft MRO services are provided by a variety of providers including airlines, MRO companies and OEMs (Original Equipment Manufacturers).
The global aircraft MRO market is expected to grow at a CAGR of 3.2% between 2020 and 2027. The growth of the market is attributed to the increasing passenger traffic, growth of the commercial aircraft fleet, and increasing investments in the maintenance and repair of aircraft. The Asia Pacific region is expected to be the fastest-growing region in the market due to the increasing demand for air transport in the region.
The global Aircraft MRO market was valued at US$ 94160 million in 2022 and is anticipated to reach US$ 115080 million by 2029, witnessing a CAGR of 3.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Aircraft MROe Market available at: https://www.themarketreports.com/report/global-aircraft-mro-market-research-report
This report aims to provide a comprehensive presentation of the global market for Aircraft MRO, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aircraft MRO.
Global Aircraft MRO key players include GE Aviation, Rolls-Royce, Lufthansa Technik, AFI KLM E&M, etc. Global top four manufacturers hold a share over 30%.
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