Europe Aircraft MROCompanies (2024 - 2029)

Europe Aircraft MRO Market Companies Summary

The Europe Aircraft MRO Market has been significantly impacted by the COVID-19 pandemic, leading to a reduction in air passenger traffic and grounding of aircraft fleets. This has resulted in a decrease in demand for maintenance activities for these aircraft. However, as passenger traffic is expected to restore to pre-pandemic levels, major airlines are planning to restore their grounded aircraft. These aircraft will require maintenance, repair, or overhaul activities to be deemed airworthy for operations, driving demand for MRO activities. Several airlines and armed forces in the region operate aircraft fleets with an average age of more than 14 years, generating a high demand for aircraft maintenance, repair, and overhaul (MRO). Advanced technologies like augmented and virtual reality are being used to facilitate decision-making processes and reduce execution time for maintenance tasks, supporting the growth of the aircraft MRO market in Europe. Engine MRO is a crucial part of MRO, with increasing complexity of engine parts and increased number of military aircraft crashes due to engine failures. Engine manufacturers are major engine MRO providers in the region and support commercial, military, and general aviation customers. They are expanding their facilities to increase their capacity and efficiencies for customers.