How big is the Aircraft Engine MRO Market?

The Aircraft Engine MRO Market size is expected to reach USD 40.15 billion in 2024 and grow at a CAGR of 6.37% to reach USD 54.68 billion by 2029. Read More

What is the current Aircraft Engine MRO Market size?

In 2024, the Aircraft Engine MRO Market size is expected to reach USD 40.15 billion. Read More

Who are the key players in Aircraft Engine MRO Market?

Lufthansa Technik, Rolls-Royce Holding PLC, General Electric Company, Safran SA and Raytheon Technologies Corporation are the major companies operating in the Aircraft Engine MRO Market. Read More

Which is the fastest growing region in Aircraft Engine MRO Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Engine MRO Market?

In 2024, the North America accounts for the largest market share in Aircraft Engine MRO Market. Read More

What years does this Aircraft Engine MRO Market cover, and what was the market size in 2023?

In 2023, the Aircraft Engine MRO Market size was estimated at USD 37.75 billion. The report covers the Aircraft Engine MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Engine MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the latest trends in Aircraft Engine MRO Market?

Key Trends in the Aircraft Engine MRO Market are: a) Adoption of predictive maintenance through big data and analytics b) Increased use of sustainable material c) Integration of advanced technologies like 3D printing Read More

How is the Aircraft Engine MRO Market segmented?

The Aircraft Engine MRO Market is segmented by engine type (turbofan, turboprop, etc.), application (commercial aviation, military aviation), and geography (North America, Europe, Asia-Pacific, etc.). Read More

Aircraft Engine MRO Market - Size, Share - Industry Analysis & Growth

Aircraft Engine MRO Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Aviation Engine MRO Companies & Manufacturers. The Market is segmented by Engine Type (Turbine Engine (Turboprop, Turbofan, Turboshaft) and Piston Engine), Application (Commercial Aviation, Military Aviation, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

Aircraft Engine MRO Industry Overview

The prominent players in the aircraft engine MRO market are Lufthansa Technik, Rolls-Royce Holding PLC, Raytheon Technologies Corporation, General Electric Company, and Safran SA. The major engine MRO providers are entering into long-term partnerships or forming joint ventures to grow their engine MRO customers. For instance, in June 2022, ST Engineering announced that their Commercial Aerospace business had signed a five-year agreement with Safran Aircraft Engines, a global-leading aerospace engine manufacturer, for ST Engineering to provide engine maintenance (shop visit) offload for the CFM56-5B and -7B engines. This multi-year agreement may allow ST Engineering and Safran Aircraft Engines to meet the forecasted rise of engine MRO activities as air travel gradually recovers from the pandemic. Despite being an immense advantage for the players within the market in terms of economic stability, the long-term contracts of the established players with the armed forces and commercial airlines may act as a barrier for new players to enter the market.