Vertical: AnD
Market Size (2018)
$36.32B
Projected (2026)
$54.68B
CAGR (2019–2026)
6.0%
Key Players
10+
Aviation engine MRO includes maintenance, repair, and overhaul services of aircraft engines. The aviation engine MRO market is expected to gain traction during the forecast period owing to increasing MRO outsourcing activities. Furthermore, fleet expansion of various airlines has led to a rise in demand for MRO services of aircraft engines. The market is expected to register a 6.06% CAGR during the forecast period, 2020 to 2026. In 2019, the market was dominated by North America with a 34.52% share, followed by Europe and Asia-Pacific with shares of 27.64% and 17.16%, respectively.
The Aviation Engine MRO Market market is projected to grow at a CAGR of 6.0% from 2019 to 2026.
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View Subscription PlansAviation engine MRO includes maintenance, repair, and overhaul services for turbine engines and piston engines. Turbine engines include turboprop, turbofan, and turboshaft engines. Furthermore, these services are offered for fixed-wing aircraft and rotary-wing aircraft. Aviation engine MRO services are offered in both civil and military aviation.
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View Subscription PlansResearch Process
Wantstats analysis is based on interviews with industry experts who offer insights into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a more in-depth insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global aviation engine MRO market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographic markets, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the sizes of various other dependent sub-markets of the overall aviation engine MRO market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Wantstats are added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for this study.
Base Year
—
Historical Period
2019 – 2026
Forecast Period
2019 – 2026
Primary Interviews
150+
Historical performance and future projections
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
The global aircraft engine MRO market is likely to grow significantly in the coming years due to the increasing demand for aircraft engine MRO services by the military and civil aircraft operators. The global aircraft engine MRO market is characterized by the presence of several global and regional vendors. The global market is highly competitive, with all the players trying to gain maximum market share. Frequent changes in government policies, intense competition, and aviation regulations are the key factors that impact the global market growth. The vendors compete based on cost, service offerings, and reliability. The players must offer cost-efficient and high-quality aircraft engine MRO services to succeed in an intensely competitive market environment.
Market Share Analysis
The leading players, as mentioned above, are dominating the global market due to their advanced product offerings, vast industry experience, and wide geographic reach. These players may establish their presence worldwide through strategic partnerships and acquisitions during the study period. Players with access to better technologies can develop unique and innovative services, which could render the competitors’ offerings obsolete. The competitive environment in the global market is likely to intensify further due to the rising number of contracts and expansions.
Major Growth Strategies In The Global Aircraft Engine Mro Market
Threat Of New Entrants
The global aircraft engine MRO market is expected to grow at a significant rate during the forecast period. However, factors such as the need for high initial investments, less profit margins, and the formation of a client base could deter new players from entering the market. There are several established market players with a wide regional presence and advanced technological capabilities that make it difficult for new entrants to attain economies of scale. Therefore, new entrants are expected to present a low threat to the major stakeholders in the market.
Bargaining Power Of Suppliers
In this market, suppliers include providers of spare parts of aircraft engines. The supplier concentration in the market in low. For certification, all sub-components of the aircraft engine go through stringent regulatory and review processes, which limits the number of certified suppliers in the market. Moreover, engine MRO service providers tend to form long-term agreements with suppliers of spare parts, which decreases switching costs. Thus, the bargaining power of suppliers in the market is expected to be low.
Bargaining Power Of Buyers
The buyers in the global aircraft engine MRO market are civil and military aircraft operators. There are several buyers in the global aircraft engine MRO market. However, these buyers mainly rely on successful and established aircraft engine MRO service providers. Moreover, there is moderate differentiation in MRO service offerings in the market. Hence, the bargaining power of buyers in the global aircraft engine MRO market is projected to be low.
Threat Of Substitutes
There are no direct alternatives to the engine MRO services for the aircraft engine. Engine MRO is essential to ensure the optimal functioning of the aircraft engine. So, the threat of substitutes in the global aircraft engine MRO market is expected to be low.
Rivalry
There is intense competition among the existing players in the market, with manufacturers investing heavily in the R&D of high-quality, advanced, and cost-effective components. Likewise, service providers are focused on providing low-cost services. Moreover, some of these service providers are collaborating with prominent players to provide combined solutions and increase their presence and market share. Furthermore, due to the development of next-generation engines and rapid fleet expansion, the rivalry is set to increase. Thus, the rivalry in the market is projected to be high during the review period.
Market estimates by geography (2026)
InsightNorth America leads with $19.02B by 2026, while Asia Pacific is projected to grow fastest at a 7.1% CAGR.
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View Subscription Plans| REGION | 2019 | 2018 | 2026 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $12.54B | $15.83B | $19.02B | 6.1% | 35% |
| Europe | $10.04B | $12.51B | $14.87B | 5.8% | 27% |
| Asia Pacific | $6.23B | $8.15B | $10.06B | 7.1% | 18% |
| Rest of the World | $7.51B | $9.17B | $10.73B | 5.2% | 20% |
| Total | $36.32B | $45.67B | $54.68B | 6.0% | 100% |
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View Subscription PlansTotal Market Size
$54.68B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Turbine Engine | $42.11B | 6.1% | 77% |
| Piston Engine | $12.57B | 5.6% | 23% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Aviation Engine MRO Market covering market dynamics, competitive landscape, and strategic outlook.
The Aviation Engine MRO Market market is projected to reach $54.68B by 2026, growing at 6.0% CAGR. The Turbine Engine segment holds the largest share.
The global aircraft engine MRO market is growing at a rapid rate due to the increasing MRO outsourcing activities and rapid fleet expansion. In addition, the development of next-generation aircraft engines is also expected to drive the growth of the market. However, the high cost associated with aircraft engine MRO and their growing environmental hazards are expected to hamper the growth of the market during the forecast period.
There has been an increase in the outsourcing of MRO activities by MRO service providers to small companies specialized in the engine, engine-related systems, or component maintenance. The outsourcing of aircraft engine MRO to third-party companies is a significant driver for the growth of the global aircraft engine MRO market. Outsourcing helps MRO service providers reduce expenses, with more than 10%–20% in cost savings.
There has been an increase in the outsourcing of MRO due to the benefits such as low labor rates and the availability of adequate spare parts. For example, engine maintenance involves high costs due to the need for specialized infrastructure and skilled workforce. The outsourcing of inventory and infrastructure required to carry out maintenance reduces the overall cost for the MRO service providers.These factors are expected to drive the growth of the global aircraft engine MRO market during the forecast period.
In recent years, aircraft manufacturers have been using new technologies such as 3D printing to manufacture complex aircraft parts. Additive manufacturing or 3D printing is a developing technology that assists users in creating and designing innovative objects, surpassing conventional methods such as computerized numerical control (CNC) cutting, canvas printing, or mold manufacturing. Companies are using 3D printed parts as they are economical and allow for quick design and rapid changes of internal features in engine and components, which is not possible in conventional manufacturing methods. This has helped reduce the size and weight of the entire aircraft while increasing customization and overall maintenance efficiency. Thus, the use of 3D printed aircraft parts would reduce the overall MRO costs and would act as substitutes for conventionally manufactured aircraft parts. Key companies, such as Honeywell International Inc. and Airbus SAS, are implementing 3D printed components for aircraft MRO services. This would offer significant growth opportunities to the engine MRO service providers.
Maintenance costs of an aircraft engine vary according to the type of engine, for example, turbine engines such as turboprop, turbofan, and turboshaft, or piston engines. It also varies with the size and capacity of the aircraft engine. However, irrespective of the engine type, size, or capacity, the engine MRO costs can range from 30 to 40 percent of the total maintenance cost. This is too high as compared to a component, line, and airframe maintenance.
Moreover, the engine MRO cost tends to increase with the aging of aircraft or flight hours and cycles performed. Thus, the high cost associated with the aircraft engine MRO is restraining the growth of the market to some extent.
The COVID-19 pandemic has forced the governments of several countries worldwide to declare either complete or partial lockdowns. As a result, many airline companies have grounded their aircraft fleet. From a 100,000 commercial aircraft moving average, the numbers have fallen by over 50% within a month from February to March. This trend is expected to continue over the coming months as various countries, such as India and the UAE, are shutting down air travel services, and the skies are emptier with very less air traffic. With a large number of aircraft grounded, airline companies are expected to face heavy losses in the next few months. Airlines that are currently operating during this crisis have fewer passengers, which has raised the operating costs for these companies.
Engines being the most complex and important component of an aircraft, airline companies are required to upkeep engine maintenance for airworthiness of the aircraft once the lockdown are lifted. Furthermore, MRO services are required to prevent the engines from corrosion due to prolonged grounding of the aircraft. Furthermore, depending on the lockdown duration, airline companies have to decide upon deep storage of aircraft which would require additional MRO services. As airline company expenses witness a significant rise due to Aircraft on Ground (AOG), the demand for aircraft engine MRO services expected to remain moderate as the pandemic continues.
The defense industry is expected to have less impact on engine MRO services due to the COVID-19 pandemic owing to allocated budgets by respective governments. Fleet readiness is a crucial requirement for militaries which enables these establishments to have components and parts readily available. However, due to movement restrictions during the pandemic, a mild disruption in the supply chain is anticipated for sourcing of components from OEMs. Due to the ongoing pandemic, engine MRO would be primarily required for storage of military aircraft to prevent any component malfunction and maintain airworthiness.
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Profiles of 102 companies operating in the Aviation Engine MRO Market market, including revenue, employee count, and market positioning where available.
Showing 102 of 102 companies
Company Headquarters: Singapore Founded: 1992 Workforce: ~3,060 Company Working: SIA Engineering Company Limited, a subsidiary of Singapore Airlines, operates through two business segments, namely, airframe and line maintenance segment and engine and component segment. Through the airframe and line maintenance segment, SIA Engineering Company Limited offers fleet management services, line maintenance, and airframe maintenance services. Under the engine and component segment, the company offers engine MRO services and component repair services. SIA Engineering Company Limited has its subsidiaries located in the US, Japan, Hong Kong, the Philippines, Indonesia, and Singapore.
Company Headquarters: Hamburg, Germany Founded: 1995 Workforce: ~26,000 Company Working: Lufthansa Technik, a subsidiary of the Lufthansa Group, provides aircraft maintenance, repair, and overhaul services for the global aviation industry. It offers engine services and landing gear services to the airlines, charter carriers, and operators of VIP aircraft. The firm has a substantial customer base, especially in regions such as the Americas, Asia-Pacific, and Europe. It mainly operates through its eight main business segments, namely, aircraft maintenance, aircraft overhaul, component service, engine maintenance, aircraft systems, the development and manufacture of cabin products, the outfitting and support of VIP aircraft, and creation of digital products. It has 30 subsidiaries, including Lufthansa Technik Logistik GmbH and Lufthansa Technik Philippines Inc.
Company Headquarters: Hong Kong International Airport, Hong Kong Founded: 1950 Workforce: ~16,000 Company Working: Hong Kong Aircraft Engineering Company Limited (HAECO) is one of the leading independent aircraft engineering and maintenance service groups. The firm mainly operates through its 17 subsidiaries and joint venture firms in Asia-Pacific and North America. It offers private jet solutions, inventory technical management, and fleet management services. The key business operations of the company include airframe services, line services, component services, and engine services. Other operations of the company include inventory technical management, fleet technical management, cabin solutions, private jet solutions, freighter conversion, and parts manufacturing, among others. HAECO ITM Limited, Singapore HAECO Pte. Limited, and HAECO Private Jet Solutions, LLC are some of the subsidiaries of the company.
Company Headquarters: Cincinnati, Ohio, US Founded: 1917 Workforce: ~52,000 Company Working: GE Aviation is an operating unit of General Electric (GE). GE is a multinational conglomerate that operates through five business segments, namely, power, renewable energy, aviation, healthcare, and capital. GE Aviation is a global provider of turboprop and jet engines, integrated systems, and components for general, military, commercial, and business aviation aircraft. The company also provides MRO services for commercial and military aircraft.
Company Headquarters: Paya Lebar, Singapore Founded: 1975 Workforce: ~22,000 Company Working: Singapore Technologies Engineering Ltd specializes in the repair and overhaul of aircraft avionics, systems, and components. It operates through five segments, namely aerospace, electronics, land system, marine, and others. It provides landing gear repair, overhaul, and exchange services through its aerospace segment. ST Aerospace Engineering Pte Ltd, VT Aerospace Mobile, ST Aerospace Systems, and Pacific Flight Services Pte Ltd (PFS) are the subsidiaries of the company. It has its offices in 44 countries worldwide, and it predominantly operates in Asia-Pacific, Europe, and North America.
Company Headquarters: Munich, Germany Founded: 1934 Workforce: ~ 11,000 Company Working: MTU Aero Engines AG (MTU Aero Engines) is an engine manufacturer that produces low-pressure turbines, high-pressure compressors, and turbine centre frames. The company creates, develops, manufactures, and sells engines for commercial and military aircraft. MTU Aero Engines manufactures commercial engines, such as propulsion systems for business jets and engines for narrow body aircraft, using geared turbofan technology and producing the world's most powerful engines. MTU offers commercial engine maintenance for jet and military engines, as well as industrial gas turbines. In addition, the company offers maintenance, repair, and overhaul services. It provides services to the aviation, military, and power industries. North America, Europe, Asia-Pacific, and other regions are served by the company.
5 interactive charts drawn from the Aviation Engine MRO Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Aviation Engine MRO Market Middle East And Africa and South America Of Rest Of The World By Region
Global Aviation Engine MRO Market China, India, Japan, South Korea and Rest Of Asia Pacific By Country
Global Aviation Engine MRO Market Germany, France, United Kingdom, Italy and Rest Of Europe By Country
Global Aviation Engine MRO Market United States and Canada Of North America By Country
Global Aviation Engine MRO Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
