Aircraft Engine MRO Market Research Report Information By Engine Type (Turbine Engine and Piston Engine), By Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft), Application (Civil Aviation, and Military Aviation) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030.

Global Aircraft Engine MRO Market Overview

Aircraft Engine MRO Market Size was valued at USD 23.5 billion in 2023. The aircraft engine MRO market industry is projected to grow from USD 24.1 Billion in 2024 to USD 34.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2024 - 2030). As airlines and military forces expand their fleets, they are expanding rapidly. These are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Aircraft Engine MRO Market Trends

• An increase in air travel is driving the market growth

Market CAGR for aircraft engine MRO is being driven by the rising number of air travel. A number of new MRO support centers have been opened in those countries in recent years. In the MRO market for aircraft engines, regional companies (Tier-II or Tier-III suppliers) have increased their presence. Growth in foreign trade between countries has also increased the frequency of cargo aircraft. Therefore, due to multiple factors, such as the development of next-generation engines and rapid expansion of fleets, timely inspections or repairs of airplanes are essential for optimal efficiency and safety. In addition to increased constraints on  flight regulations, the aircraft engine MRO industry is driven by the need to maintain aircraft engines and engine components effectively.

Additionally, in recent years, the most fuel-efficient engine on the market, the leading edge aviation propulsion (LEAP) engine, has propelled aircraft engine MRO. The aircraft engine MRO market is also anticipated to grow due to the need to maintain engines and components properly. The  aircraft fleet is expected to reach over 38,000 by 2028, which means the  aircraft maintenance market is projected to grow to $115 billion by 2028.

Aircraft engine MRO software (maintenance, repair and overhaul) investments are also expected to create new business opportunities. Maintenance tracking software, logbook tracking software, flight time tracking software, service bulletin management, maintenance schedule software, budget forecasting software, electronic task card management software, and work order management software are among the features of aircraft MRO software.

For instance, India observed significant foreign direct investments in different sectors in May 2021, including aircraft maintenance, repair, and overhaul industries. Thus, investment and acquisitions are expected to create lucrative opportunities for the market in future years. Thus, driving the aircraft engine MRO market revenue.

Aircraft Engine MRO Market Segment Insights

Aircraft Engine MRO Engine Type Insights

The  aircraft engine MRO market segmentation, based on engine type, includes turbine engines and piston engines. The turbine engine segment dominated the aircraft engine MRO market, accounting for 58% of market revenue. A turbine engine can be divided into three categories turboprops, turbofans, and turboshafts. The demand for turboprop and turboshaft aircraft and the aging turboprop fleet drive growth in the aircraft engine MRO market. A joint partnership between engine suppliers and local industries is creating a framework for providing fleet repair services to governments.

Aircraft Engine MRO Aircraft Type Insights

The  aircraft engine MRO market segmentation, based on aircraft type, includes fixed-wing aircraft and rotary-wing aircraft. The fixed-wing category generated the most income (73.5%). These aircraft have integrated control surfaces, such as ailerons, rudders, and elevators, rather than vertical lift rotors. As these aircraft offer several advantages over rotary-wing aircraft, such as endurance, wide area coverage, high flight speed, and greater passenger carrying capacity, they are typically used for long-distance travel by airlines and military forces. Furthermore, fixed-wing aircraft are in increasing demand ly due to a rapid increase in air passenger traffic. Therefore, the increasing demand for fixed-wing aircraft will also drive the growth of the fixed-wing aircraft segment in the  aircraft engine MRO market.

Aircraft Engine MRO Application Insights

The  aircraft engine MRO market data, based on application, includes civil aviation and military aviation. The civil aviation segment dominated the aircraft engine MRO market, accounting for 75.9% of market revenue (16.8 billion). There is a larger fleet of commercial aircraft than military aircraft, and second, maintenance costs are higher than for general aviation planes. Several new agreements have been signed in the last few years between airlines and MRO service providers for the maintenance of aircraft engines. For instance, SR Technics signed an agreement in November 2021 with Vietjet Air to provide MRO services to the engines onboard Vietjet's Airbus A320 and Airbus A321 aircraft. As part of a joint venture between Vietjet and SR Technics, the company will provide engine maintenance, component replacement, component repair, and technical training and set up a new aviation training center for USD 150 million.

Figure 1  Aircraft Engine MRO Market, by Application, 2022 & 2030 (USD billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Aircraft Engine MRO Regional Insights

By Region, the study provides aircraft engine MRO market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific aircraft engine MRO market area will dominate this market. As a third of the  aircraft fleet is operated in Asia Pacific, this figure is expected to grow during the forecast period. In addition, due to the advanced and widely available MRO options available in the Asia Pacific market, airlines in this region can extend the lifespan of their air fleets. MRO providers often target the region due to its more clients, attractive investment opportunities, and low labor costs.

Further, the major countries studied in the aircraft engine MRO market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2  AIRCRAFT ENGINE MRO MARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

North American aircraft engine MRO market accounts for the second-largest market share due to sustainable goals achieved with advanced technologies. As the world's largest aircraft fleet, North America generates a sizeable demand for aircraft maintenance and repair services. As a result, entry into this market is significantly difficult because of high-level safety standards and laws. MROs are attracted to this market due to the ease of deployment of advanced technologies. Further, the U.S. aircraft engine MRO market held the largest market share, and the Canada aircraft engine MRO market was the fastest growing market in the North American region

The Europe aircraft engine MRO market is expected to grow at the fastest CAGR from 2023 to 2030. Growth in air traffic will fuel regional growth in Europe in the coming years. The reliance on advanced technologies for repair practices and OEMs will contribute to the growth of the European industry. Other factors, such as growing international trade and the need for new aircraft, may also drive regional growth. Moreover, the Germany aircraft engine MRO market held the largest market share, and the UK aircraft engine MRO market was the fastest-growing market in the European region.

For instance, As of September 2022, Air China plans to establish a Joint Venture (JV) MRO facility in China. With a contract, Air China and Rolls-Royce own 50% of the joint venture shares, worth around 2.61 billion yuan (about USD 378.2 million). The new facility will provide MRO support for Rolls-Royce Trent 700, Trent XWB-84, and Trent 1000 engines.

Aircraft Engine MRO Key Market Players & Competitive Insights

Leading market players are participating heavily in research and development to expand their product lines, which will help the aircraft engine MRO market, grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The aircraft engine MRO industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  aircraft engine MRO industry to benefit clients and increase the market sector. In recent years, the aircraft engine MRO industry has offered some of the most significant advantages to the aviation industry. Major players in the aircraft engine MRO market, including GE Aviation (U.S.), Rolls-Royce (U.K.), Pratt & Whitney (U.S.), Safran Aircraft Engines (Paris), ST Aerospace (Singapore), SIA Engineering Company (Singapore), Lufthansa Technik (Germany), Air France Industries KLM Engineering & Maintenance (France), MTU Aero Engines (Germany), , and Delta TechOps (U.S.).

MTU Aero Engines AG develops and manufactures engines and provides commercial engine maintenance and support services. The Company sells a wide range of engines and industrial gas turbines to manufacturers and operators around the world. As part of their partnership with Lufthansa Technik, MTU and Lufthansa Technik developed their overhaul shop for Pratt & Whitney PW1000G engines near Rzeszow. They focused on a modular architecture with optimal processes and material flows to avoid repeating past mistakes.

The SIA Engineering Co Ltd provides overhaul and technical ground handling services for airframes and components. The company also manufactures aircraft cabin equipment, aircraft galleys are renovated, and hydromechanical aircraft equipment is repaired and overhauled.

Key Companies in the Aircraft Engine MRO market include

• GE Aviation (U.S.)


• Rolls-Royce (U.K.)


• Pratt & Whitney (U.S.)


• Lufthansa Technik (Germany)


• Safran Aircraft Engines (Paris)


• SIA Engineering Company (Singapore)


• Air France Industries KLM Engineering & Maintenance (France)


• MTU Aero Engines (Germany)


• ST Aerospace (Singapore)


• Delta TechOps (U.S.)

Aircraft Engine MRO Market Segmentation

Aircraft Engine MRO Engine Type Outlook

• Turbine Engine


• Piston Engine

Aircraft Engine MRO Aircraft Type Outlook

• Fixed-Wing Aircraft


• Rotary-Wing Aircraft

Aircraft Engine MRO Application Outlook

• Civil Aviation


• Military Aviation

Aircraft Engine MRO Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Aircraft Engine MRO Industry Developments

For instance,September 2022 As part of a joint venture agreement, Rolls Royce Holding Plc and Air China will work together to develop a new repair and overhaul facility in Beijing, China. In its new location, BAESL (Beijing Aero Engine Services Company Limited) will handle MRO for Trent 700, Trent XWB-84, and Trent 1000 engines made by Rolls-Royce.

For instance,July 2022 As part of this agreement, Delta TechOps, a division of Delta Airlines engaged in maintenance and repair services, announced that it had signed with CFM International a CFM Branded Service Agreement (CBSA) to support LEAP-1B engines. In exchange for becoming part of CFM's maintenance, repair, and overhaul (MRO) network, Delta could become an MRO provider for LEAP-1B engines under the CBSA.