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

Europe Maintenance, Repair, & Operations (MRO) Industry Overview

The MRO market in Europe comprises several global and regional players vying for attention in a somewhat contested market space. Acquisitions, partnerships with industry participants, and new product/service rollouts have been key competitive strategies exhibited by vendors in the market. Partnerships and alliances with suppliers are part of a competitive strategy in the industry, which is fragmented, and even prominent vendors command lower market share and gain from higher margins. Such developments are expected to increase in respective end-user verticals as prominent industry players are expected to expand their market presence. Vendors in the market are expected to focus on forming alliances with technology providers to enhance their integrated service offerings further.

In October 2022, TUI and Joramco expanded their maintenance collaboration, under which Joramco will thoroughly inspect TUI's Boeing 787 aircraft. Before this, Joramco had completed maintenance inspections on TUI's narrowbody 737s and Embraers. The CEO of Joramco, Fraser Currie, made the following statement about the event: "We at Joramco are proud to continue building on our strong relationship with TUI Group, who has been a valued customer for many years and has put their trust in us to perform maintenance on aircraft flown into our facilities in Jordan from both the UK and Sweden.