Global Aircraft Component Mro Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Wide-Body Aircraft , Narrow-Body Aircraft, and Regional Transport Aircraft.

By Application ;

Commercial Air Transport , Business And General Aviation, and Military Aviation.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn697041104 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aircraft Component Mro Market (USD Million), 2021 - 2031

In the year 2024, the Global Aircraft Component Mro Market was valued at USD 20,951.13 million. The size of this market is expected to increase to USD 29,284.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The Global Aircraft Component MRO (Maintenance, Repair, and Overhaul) Market is a vital sector within the aviation industry, encompassing a wide array of services aimed at ensuring the safety, reliability, and efficiency of aircraft components. This market segment plays a crucial role in sustaining the airworthiness of commercial, military, and general aviation fleets worldwide. Aircraft component MRO involves the inspection, repair, and replacement of various parts and systems, ranging from engines and avionics to landing gear and interiors.

With the continuous expansion of the global air transport network and the increasing demand for air travel, the need for efficient MRO services has become paramount. Factors such as stringent safety regulations, aging aircraft fleets, and the rising complexity of aviation technologies further drive the growth of this market.

Moreover, advancements in materials, technologies, and predictive maintenance solutions are reshaping the landscape of aircraft component MRO, offering enhanced reliability, cost-effectiveness, and minimized downtime for operators. As airlines and aircraft operators strive to optimize their operational efficiency and maintain their competitive edge, the Global Aircraft Component MRO Market continues to evolve, presenting opportunities for service providers, OEMs (Original Equipment Manufacturers), and aftermarket suppliers alike.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, BY Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aircraft Component Mro Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Air Traffic and Fleet Expansion
        2. Stringent Regulatory Requirements for Safety and Compliance
        3. Aging Aircraft Fleets and Maintenance Needs
        4. Technological Advancements in MRO Solutions
      2. Restraints
        1. High Capital Investment and Operational Costs
        2. Supply Chain Disruptions and Component Availability
        3. Skilled Labor Shortages and Workforce Challenges
        4. Environmental Regulations and Sustainability Concerns
      3. Opportunities
        1. Adoption of Predictive Maintenance and Data Analytics
        2. Growth in Outsourcing and Offshoring MRO Activities
        3. Emerging Markets and Regional Expansion
        4. Collaborations and Partnerships for Innovation and Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Global Aircraft Component Mro Market, By Product Type, 2021 - 2031 (USD Million)
      1. Wide-Body Aircraft
      2. Narrow-Body Aircraft
      3. Regional Transport Aircraft
    2. Global Aircraft Component Mro Market, By Application, 2021 - 2031 (USD Million)
      1. Commercial Air Transport
      2. Business And General Aviation
      3. Military Aviation
    3. Global Aircraft Component Mro Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lufthansa Technik AG
      2. AAR Corp.
      3. ST Engineering Aerospace
      4. HAECO Group
      5. Boeing Global Services
      6. Airbus Services
      7. Delta TechOps
      8. GE Aviation
      9. Safran Aircraft Engines
      10. Collins Aerospace
  7. Analyst Views
  8. Future Outlook of the Market