Aircraft Maintenance, Repair and Operations (MRO) market size was estimated at USD 408.5146 billion in 2023 and is projected to reach USD 498.902 billion in 2030 at a CAGR of 2.53% during the forecast period to 2030.

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. Despite the Strides Taken in Safe Flying, Ever-Present Threat of Plane Crashes Drives Emphasis on Airworthiness & Plane Maintenance.

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The Ever-Present Threat of Air Accidents Reinforces the Importance of MRO. This presents as a great opportunity to enter the MRO market as currently it is in great demand because of the regulations being set-up by the governments. The market growth is fueled by several factors, including but not limited to the growing need to Reduce Operating Costs Drives Growth in MRO Outsourcing Services, the increasing adoption of Aircraft Maintenance, Repair for smooth operations, Low-Cost Carriers (LCCs) Expand MRO Opportunity in Asia-Pacific. These factors have led to the expansion of the market and increased demand for Aircraft Maintenance, Repair and Operations (MRO) solutions.

Competitive Landscape

·        AAR Corp.

·        Airgas Inc. (Air Liquide SA)

·        Applied Industrial Technologies Inc.

·        MSC Industrial Direct Co. Inc.

·        ERIKS N.V. (SHV Holdings)

·        W. W. Grainger Inc.

·        Rubix Limited

·        Motion Industries Inc. (Genuine Parts Company)

·        Airbus SE

·        Hayley Group Limited

·        Delta Airlines, Inc. (Delta TechOps)

·        Hong Kong Aircraft Engineering Company Limited

·        KLM U.K. Engineering Limited

·        Lufthansa Technik

·        MTU Aero Engines AG

·        RS Components

·        WESCO International Inc.

·        Sonepar SA

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Key Findings

·        The aircraft components MRO segment is expected to grow significantly during the forecast period. The growing demand for air travel increases the frequency of flights, resulting in increased aircraft maintenance, including components and spare parts.

·        The engine repair segment is expected to grow with the main market share in 2022. OEM involvement in engine maintenance activities is an important factor explaining the growth of the aircraft MRO market. Engine MRO includes field maintenance and pit maintenance.

·        The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is estimated to account for the largest market share during the forecast period.

Recent Developments

In January 2023: Applied Industrial Technologies released the fifth edition of its core product catalog for applied maintenance supplies and solutions, which includes more than 47,000 maintenance products specifically selected for maintenance, repair, operation and production (MROP) applications. The catalog features a diverse selection of products from transportation, fasteners, shop, electrical, welding, household, equipment and hoses, paints and chemicals to knives and abrasives, safety and more.

In November 2022: Sanad, a global aerospace and industrial service provider, signed a memorandum of understanding with Indonesian aircraft maintenance company GMF to establish an MRO center in Indonesia.

In January 2023, MSC Industrial Supply Co. acquired Buckeye Industrial Supply Co. and True-Edge Grinding Inc., two companies that specialize in custom tool manufacturing and the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. This acquisition will help MSC Industrial Supply Co. strengthen its position as a prominent multichannel supplier of MRO products and services.

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In addition to the market data for the Aircraft Maintenance, Repair and Operations (MRO) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.

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