Global Aircraft Mro Market Size & Outlook, 2023-2030
Global aircraft mro market, 2018-2030 (US$M)
Related Markets
Global aircraft mro market highlights
- The global aircraft mro market generated a revenue of USD 84,982.3 million in 2023 and is expected to reach USD 120,963.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, engine overhaul accounted for a revenue of USD 35,330.0 million in 2023.
- Modification is the most lucrative type of mro service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 84,982.3 million |
| Market revenue in 2030 | USD 120,963.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Engine overhaul |
| Fastest growing segment | Modification |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine Overhaul, Wide-Body, Line Maintenance, Modification, Components |
Other key industry trends
- In terms of revenue, the North America accounted for 25.4% of the global aircraft mro market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 4,185.0 million by 2030.
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Aircraft MRO Market Scope
Aircraft MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aircraft mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aircraft mro market will help companies and investors design strategic landscapes.
Engine overhaul was the largest segment with a revenue share of 41.57% in 2023. Horizon Databook has segmented the Global aircraft mro market based on engine overhaul, wide-body, line maintenance, modification, components covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aircraft MRO Type of MRO Service Outlook (Revenue, USD Million, 2018-2030)
- Engine Overhaul
- Wide-Body
- Line Maintenance
- Modification
- Components
- Global Aircraft MRO Organisation Type Outlook (Revenue, USD Million, 2018-2030)
- Airline/Operator MRO
- Independent MRO
- OEM MRO
- Global Aircraft MRO Aircraft Type Outlook (Revenue, USD Million, 2018-2030)
- Narrow-Body
- Wide-Body
- Regional Jet
- Others
- Global Aircraft MRO Aircraft Gen. Outlook (Revenue, USD Million, 2018-2030)
- Old Gen
- Mid Gen
- New Gen
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Our clientele includes a mix of aircraft mro market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aircraft mro market , including forecasts for subscribers. This global databook contains high-level insights into Global aircraft mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aircraft mro market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aircraft mro market size, 2023 (US$M)
Global aircraft mro market share, by type of mro service, 2023 & 2030 (%, US$M)
Aircraft mro market: Opportunity assessment by country
Global aircraft mro market, by region, 2023 (US$M)
| Type of MRO Servic... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 20,347.6 | 20,568.4 | 7,796.8 | 12,607.2 | 20,042.4 | 21,562.7 | 22,819.8 | 23,851.9 | 24,831.6 | 25,777.8 | 26,706.4 | 27,642.1 | 28,605.0 | 4.1% |
| Europe | 19,995.6 | 20,231.8 | 7,676.5 | 12,424.5 | 19,770.9 | 21,290.9 | 22,118.3 | 22,694.1 | 23,192.2 | 23,633.7 | 24,035.4 | 24,420.5 | 24,807.1 | 2.2% |
| Asia Pacific | 23,586.4 | 24,081.4 | 9,220.1 | 15,058.1 | 24,178.9 | 26,273.9 | 28,696.4 | 30,914.3 | 33,130.1 | 35,362.1 | 37,627.7 | 39,958.7 | 42,384.4 | 7.1% |
| Latin America | 3,919.3 | 4,015.0 | 1,542.4 | 2,527.4 | 4,071.8 | 4,439.4 | 4,758.1 | 5,036.8 | 5,310.6 | 5,583.3 | 5,858.2 | 6,140.8 | 6,435.9 | 5.5% |
| MEA | 10,381.1 | 10,575.2 | 4,039.2 | 6,579.7 | 10,536.0 | 11,415.5 | 12,453.6 | 13,418.2 | 14,400.0 | 15,409.6 | 16,457.0 | 17,558.7 | 18,730.6 | 7.3% |
| Overall | 78,230.0 | 79,471.8 | 30,275.0 | 49,196.8 | 78,600.0 | 84,982.3 | 90,846.1 | 95,915.3 | 100,864.5 | 105,766.6 | 110,684.7 | 115,720.9 | 120,963.0 | 5.2% |
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