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Commercial aircraft engine manufacturers: global MRO market share 2020-2029

Between 2020 and 2029, General Electric Aviation is expected to account for over 30 percent of the aircraft engine maintenance, repair and overhaul (MRO) market. During the same period, CFM International will most likely provide 28 percent of commercial aircraft MRO market supply.

Aircraft engine MRO market

To sustain decent functioning of a highly complex aircraft, it must be constantly checked and repaired. MRO market firms provide various services including aircraft engine and components maintenance, airframe modifications and repair. Globally, the aircraft engine MRO market is expected to reach 64.2 billion U.S. dollars by 2030. In Western Europe, the market for aircraft MRO is estimated to reach around 20.7 billion U.S. dollars. From 2017 to 2026, engine maintenance will account for 34 percent of the aircraft MRO demand in North America. Over the upcoming decade, in emerging market economies, the MRO services are expected to grow at a comparatively higher rate than in developed market economies. In Africa, for instance, the maintenance of aircrafts components composed 27 percent of the aircraft MRO demand in 2017.

Firms providing aircraft MRO services

Since the total engine MRO market is projected to be worth 43.5 billion U.S. dollars in 2020, the profit attracts many competing firms. Yet, performing maintenance or overhaul of an aircraft is highly technical and skill intensive. In addition, around the globe, this market is highly regulated by the government to facilitate the safe and sound functioning of the airline industry. Therefore, there are a few companies providing MRO services. Between 2019 and 2020, CFM international will most likely generate over 96 billion U.S. dollars by providing engine MRO services. Besides CFM International, there are many other companies providing MRO activities, such as Lufthansa Technik, Rolls-Royce and General Electric Aviation.

Projected world commercial aircraft engine MRO market share between 2020 and 2029, by manufacturer

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Source

Release date

January 2020

Region

Worldwide

Survey time period

2019

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Statistics on "Global aircraft engine market"

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