Over the past five years, the Aircraft Maintenance, Repair and Overhaul (MRO) industry has steadily gained altitude, climbing out of the recession and reaching new heights. Improving economic conditions led to a pickup in air travel; the resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. Over the five years to 2022, continued economic growth is anticipated to lead to increased air travel and aircraft usage. As a result, demand for industry services will continue to rise.
Companies in this industry provide support services to air transportation operators, such as aircraft inspection and testing, ferrying aircraft between departure gates and taxiways, aircraft maintenance and repair and aircraft and parts overhaul. The main industry services are commonly referred to as maintenance, repair and overhaul (MRO). This industry only includes specialized MRO operations and excludes work conducted in factories.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.