Precision Business Insights has published a report on the global aircraft MRO market, estimating its value at USD 91,224.8 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/aircraft-mro-market
The Aircraft MRO (Maintenance, Repair, and Overhaul) Market is the global industry that offers services to keep aircraft airworthy, safe, and operational throughout their life cycle. This includes planned inspections, repairs, component replacements, engine overhauls, and modifications for commercial, military, and general aviation aircraft.
Drivers:
- Increased flight frequency and passenger volumes—especially in emerging markets—drive higher wear and tear, boosting demand for regular maintenance.
- Pressure to reduce carbon emissions and adopt green technologies is prompting innovation in materials, processes, and energy-efficient maintenance.
The global aircraft MRO market segmentation:
1) By Service: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, and Components
2) By Aircraft Type: Narrow-Body, Wide-Body, Regional Jet, and Others
3) By Aircraft Generation: Old Generation, Mid Generation, and New Generation
4) By Organisation Type: Airline MRO, Independent MRO, and Original Equipment Manufacturer MRO
5) By End User: Airlines, Aircraft Operators, MRO Service Providers, Original Equipment Manufacturers, and Government and Military
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Regional Overview:
The report also examines the current concerns and their Future Effects on the aircraft MRO market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the aircraft MRO market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like ABB, PARKER HANNIFIN CORP, Rockwell Automation, Inc., Schneider Electric, Siemens, FANUC, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, Bosch Rexroth AG, General Electric, MKS Instruments
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