How big is the Business Jet MRO Market?

The Business Jet MRO Market size is expected to reach USD 24.71 billion in 2024 and grow at a CAGR of 5.42% to reach USD 32.18 billion by 2029. Read More

What is the current Business Jet MRO Market size?

In 2024, the Business Jet MRO Market size is expected to reach USD 24.71 billion. Read More

Who are the key players in Business Jet MRO Market?

Bombardier Inc., Rolls-Royce plc, General Dynamics Corporation, Lufthansa Technik AG and RTX Corporation are the major companies operating in the Business Jet MRO Market. Read More

Which is the fastest growing region in Business Jet 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 Business Jet MRO Market?

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

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

In 2023, the Business Jet MRO Market size was estimated at USD 23.37 billion. The report covers the Business Jet MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Business Jet MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Business Jet MRO Market - Companies, Size & Manufacturers

Business Jet MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Business Jet MRO Market is Segmented by MRO Type (Engine MRO, Component MRO, Interior MRO, Airframe MRO, and Field Maintenance) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

Business Jet MRO Industry Overview

The business jet MRO market is consolidated, with few players controlling most of the market share. Some prominent players in the market are Bombardier Inc., General Dynamics Corporation, Rolls-Royce PLC, RTX Corporation, and Lufthansa Technik AG.

Leading the charge, Lufthansa Technik AG and Bombardier Inc. stand out as key players, offering a broad spectrum of MRO services. These services, from routine checks to extensive overhauls, often encompass retrofitting and upgrades. Operators increasingly favor a one-stop-shop approach, turning to these firms for maintenance. By providing comprehensive solutions, these companies are securing significant contracts and cultivating lasting relationships with fleet operators, cementing their market leadership. Both entities strategically establish new MRO facilities and acquire local counterparts to bolster their market presence.

For example, ExecuJet MRO Services is in the process of setting up a cutting-edge business aviation MRO facility at Al Maktoum International Airport (DWC), capable of simultaneously servicing 18-24 business jets. Spanning 15,000 sq. m, this facility is geared to offer line and base maintenance services for a range of large jets, including the Falcon 6X and Falcon 10X.

In a significant move, Pratt & Whitney, a division of RTX Corporation, announced a USD 20 million investment in April 2024. This investment, slated for the West Palm Beach Engine Center, will amplify its GTF maintenance, repair, and overhaul (MRO) capacity by a notable 40%. These upgrades will be further bolstered by integrating state-of-the-art technologies from NATA (North American Technology Accelerator). Building on this momentum, Pratt & Whitney expanded three of its existing GTF MRO facilities in 2023 and introduced five new shops to reinforce its GTF fleet support.

Moreover, recognizing the value of technical expertise, several local players are teaming up with original equipment manufacturers (OEMs). These collaborations aim to equip them with the necessary certifications to conduct on-site MRO services for business jets.