Commercial Aircraft MRO Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2026

The commercial aircraft MRO market is set to observe heavy growth in the coming years owing to increasing deliveries of aircraft across the world. Rapidly growing air travel owing to tourists and business travel are expected to further complement overall market growth through 2026.

The aforementioned increase in air passenger is being attributed to the increasing income levels of people across developed as well as developing economies. As disposable income levels keep rising, people are more willing to spend on leisure activities with traveling being one of the most preferred activities, this is turning out to be a key factor responsible for commercial aircraft MRO market development.

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As per MRO service type, the components segment is expected to hold 20% share in the overall market by the year 2026. Rising adoption of components such as electricals, landing gear, fuel systems and wheels & brakes has increased the frequency of component wear and tear which in turn may negatively impact the aircraft performance. In order to avoid the same, component manufacturers are providing long term service packages to consumers in order to ensure efficient and effective servicing without any delays, which is likely to bolster the segmental growth.

According to estimates, the independent service provider segment is presumed to hold 60% share by the year 2026. These type of service providers not only offer business flexibility but also provide with varied overhaul service, repair and maintenance alternatives. Adding to this, independent service providers offer superior machinery, equipment and tools as well as high skilled technicians, thereby aiding the business scenario.

In terms of aircraft type, the regional jets segment will witness a growth rate of 4.8% during the period of 2020-2026. This type of aircraft is ideal for connecting carrier hubs and airports. Furthermore, various aircraft manufacturers are focusing on R&D activities in order to develop lightweight materials and advanced technologies, which in turn is contributing towards popularity of regional jets across the globe. 

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Elaborating on the geographical landscape, North America is poised to acquire more than a quarter of the market share during the study period. There has been an upsurge in backlogs for demand and supply of aircrafts. Adding to this, increasing production of aircrafts and booming tourism industry are favoring the market outlook in North America.

The prominent companies operating in the commercial aircraft MRO market are ST Aerospace, United Technologies Corp., GE Aviation and AAR Corp. These market majors are conducting various business strategies such as mergers and acquisitions in order to expand their operations as well as to gain a competitive edge in the overall industry. In January 2019 for instance, Dassault Aviation joined forces with ExecuJet MRO operations in order to strengthen its position in Middle Eastern and Asia-Pacific regions.

Major Key Points from Table of Content:

Chapter 5.    Commercial Aircraft MRO Market, By Service Provider

5.1.    Global commercial aircraft MRO market, service provider insights

5.2.    OEM

5.2.1. Global market estimates and forecasts, 2016 – 2026

5.2.2. Market estimates and forecast, by region, 2016 – 2026

5.3.    Operator/Airline In-House

5.3.1. Global market estimates and forecasts, 2016 – 2026

5.3.2. Market estimates and forecast, by region, 2016 – 2026

5.4.    Airline Third Party

5.4.1. Global market estimates and forecasts, 2016 – 2026

5.4.2. Market estimates and forecast, by region, 2016 – 2026

5.5.    Independent

5.5.1. Global market estimates and forecasts, 2016 – 2026

5.5.2. Market estimates and forecast, by region, 2016 – 2026

Chapter 6.    Commercial Aircraft MRO Market, By Aircraft

6.1.    Global commercial aircraft MRO market, aircraft insights

6.2.    Narrowbody

6.2.1. Global market estimates and forecasts, 2016 – 2026

6.2.2. Market estimates and forecast, by region, 2016 – 2026

6.3.    Widebody

6.3.1. Global market estimates and forecasts, 2016 – 2026

6.3.2. Market estimates and forecast, by region, 2016 – 2026

6.4.    Regional Jet

6.4.1. Global market estimates and forecasts, 2016 – 2026

6.4.2. Market estimates and forecast, by region, 2016 – 2026

6.5.    Turboprop

6.5.1. Global market estimates and forecasts, 2016 – 2026

6.5.2. Market estimates and forecast, by region, 2016 – 2026

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