Aircraft Engine MRO Market Size, Statistics & Industry Report Forecast-2028

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Aircraft Engine MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Engine (Turbine Engine and Piston Engine]), Application (Commercial Aviation, General Aviation, and Military Aviation), and Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft)

Publication Month: May 2022 | Report Code: TIPRE00025489 | No. of Pages: 188 | Category: Aerospace and Defense | Status: Published

The aircraft engine MRO market size was valued at US$ 32.04 Billion by 2028 from US$ 22.15 Billion in 2021; it is expected to grow at a CAGR of 5.7% during 2022-2028.

Aircraft engine MRO involves the service, repair, and inspection of engines to ensure that the aircraft is safe and airworthy as per international standards. Aircraft engine MRO services are offered for civil and military aircraft. The aircraft engine MRO market is developing at a fast rate due to rising MRO outsourcing activities and rapidly growing aircraft fleet expansion. Moreover, the advancement of next-generation aircraft engines is contributing to the growth of the aircraft engine MRO market. The utilization of the new ultra-high bypass ratio turbofan engines in aircraft also provoked the need to upgrade and work on the engine's frameworks and equipment.

Aircraft engine MRO providers are offering several services, such as routine engine maintenance. Some aircraft engine providers focus on manufacturing one or two engines, whereas others have large engine portfolios for multiple uses. All the aircraft engines require routine maintenance and daily check before aircraft fly. In transition, the aircraft fleet redefines the aircraft engine MRO market because of many permanent retirements of older aircraft. 

The aircraft engine MRO market players are implementing strategies to increase their market share. For instance, in May 2021, COOPESA, a Costa Rica-based MRO provider, partnered with Boeing to provide MRO service to Boeing's two new conversion lines for 737-800 converted freighters.

Strategic Insights

Report Coverage - Aircraft Engine MRO Market
Report CoverageDetails
Market Size Value inUS$ 22.15 Billion in 2021
Market Size Value byUS$ 32.04 Billion by 2028
Growth rateCAGR of 5.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
No. of Pages188
No. of Tables108
No. of Charts & Figures84
Historical data availableYes
Segments coveredEngine, Application, and Aircraft Type
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Aircraft Engine MRO Market Growth


The COVID-19 outbreak adversely affected the world and disrupted several countries' economic conditions. Before the outbreak, the aerospace industry was experiencing substantial growth in terms of production.

Furthermore, the reduction in commercial aircraft and general aviation deliveries due to the industry crisis caused by the COVID-19 pandemic declined the demand for aircraft engine MRO. Hence, there was no requirement for MRO, which negatively impacted the aircraft engine MRO market in 2020. About 22,950 fleets were in service at the beginning of 2020. More than 17,000 airliners were idled due to the COVID-19 pandemic in 2020. However, the number of single-engine piston aircraft witnessed an increase in the number of its deliveries during 2020.

The aircraft engine MRO market has been witnessing recovery since 2021. After being grounded for months, the aircraft required MRO before flying, which bolstered the growth of the market. Airbus delivered over 611 aircraft in 2021; most of them were A320neo and A321neo. Despite massive backlogs from aircraft manufacturers, the global aviation industry witnessed a significant rise in passenger count and aircraft procurement in 2021.

Lucrative Regions: Aircraft Engine MRO Market Share

Lucrative Regions: Aircraft Engine MRO Market Share

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Market Insight – Aircraft Engine MRO Market
Resuming of Grounded Aircraft After 2020 is Driving the Aircraft Engine MRO Market

More than 17,000 aircraft were grounded worldwide in 2020. During the COVID-19 recovery period, the aviation industry is witnessing a gradual recovery, which is increasing aircraft movements worldwide and thus driving the growth of the aircraft engine MRO market. Aircraft manufacturers and military forces are implementing strategies to increase fleet expansion is contributing to the growth of the aircraft engine MRO market.

Several airline companies implemented various strategies to increase their aircraft engine MRO market share, such as mergers & acquisitions and lining up new flights. For instance, in 2020, Textron Aviation acquired Australian MRO service provider Premiair Aviation Maintenance. In March 2022, Malaysian and Turkish airlines announced that they are resuming their passenger flights in India after two years; Emirates is also restoring its pre-pandemic schedule of 172 flights per week. Thus, the increasing number of flights is significantly driving the aircraft engine MRO market growth.

Engine-based Insights

Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. According to the market research study, the turbine engine segment dominated the global aircraft MRO market in 2021 due to a higher preference for turbine engines for the most popular aircraft fleet worldwide, as most piston engines are used by small-sized general aviation aircraft. Also, the turbine engine segment is expected to grow faster than the piston engine segment. In June 2021, Duncan Aviation, and MRO service provider, provided MRO for Honeywell’s TFE731 aircraft engines.

Players operating in the market are mainly focused on the development of advanced and efficient products.

  • In January 2022, Delta TechOps MRO Achieved Engine Test Certification for PW1500G Engines. On its new engine test cell, the largest MRO test cell globally, Delta TechOps received Engine Test Certification for the PW1500G engine in Atlanta. 
  • In 2021, Standard Aero and Mint Turbines were chosen by GE Aviation as their recommended MRO and limited scope service providers for the restricted category and public use T700 engine operators in the US, respectively.

The aircraft engine MRO market analysis is based on engine, application, and aircraft type. Based on engine, the aircraft engine MRO market is segmented into turbine engine and piston engine. In 2020, the turbine engine segment led the aircraft engine MRO market with a larger share. Based on application, the market is segmented into commercial aviation, general aviation, and military aviation. In 2020, the commercial segment accounted for the largest share in the global aircraft engine MRO market. Based on aircraft type, the market is segmented into fixed wing aircraft and rotary wing aircraft.

The fixed wing aircraft dominated the aircraft engine MRO market in 2020 with a larger share. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Asia Pacific accounted for a significant share of the aircraft engine MRO market.

The key aircraft engine MRO market players profiled in the study are Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC

Frequently Asked Questions

More than 60% of the countries worldwide have announced a net-zero carbon emission. Companies, such as Honeywell Aerospace, are also committed to achieving net-zero carbon emissions by 2035. In November 2021, Bell Textron Inc. announced that Bell 525 completed its first flight utilizing sustainable aviation fuel. Boeing and Airbus have recently announced that by 2030, their aircraft will fly 100% on SAF. The US and Europe governments are encouraged to produce SAFs. These factors are propelling the aircraft engine MRO market substantially.
With the increase in air traffic and aircraft demand, air carriers are boosting their aircraft delivery. The demand for new airlines is not just coming from existing aircraft re-establishing their fleet but also from new low–cost aircraft entering the market. A repressed interest of leisure travelers being more cost-sensitive post-pandemic, decreased interest for business travel, and the adaptability of the minimal expense aircraft plan of action are surging the demand for MRO services.
On the basis of application, the commercial segment accounted for the largest share in 2020 in the global aircraft engine MRO market and is expected to retain its dominance over the forecast period as well. Moreover, general segment is expected to be the fastest growing segment during the forecast period according to the market research study.
The increasing demand of fuel efficient aircraft. Fuel-efficient aircraft is important due to the increasing price of oil, and airline manufacturers can save a significant amount of money by utilizing less fuel through better fuel–efficiency. If an aircraft uses less fuel, it will produce less CO2 emissions. Aircraft manufacturers are focusing on delivering more fuel-efficient aircraft in upcoming years. Aircraft manufacturers, such as Boeing and Airbus, are taking several initiatives, such as replacing old aircraft with new fuel–efficient aircraft and improving flight operations.
Asia Pacific dominated the aircraft engine MRO market in 2020 and it would continue to dominate the market during the forecast period. The Asia Pacific aircraft engine MRO market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. Significant military expenditure and defense R&D investments, and favorable government initiatives boost the growth of the aerospace and defense sector across emerging nations in Asia Pacific.
Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation and Rolls–Royce PLC are among the leading manufacturers in the aircraft engine MRO market.

The List of Companies - Aircraft Engine MRO Market

  1. Delta Airlines, Inc.
  2. GE Aviation
  3. CFM International
  4. Lufthansa Technik
  5. MTU Aero Engines AG
  6. SIA Engineering Company
  7. Sigma Aerospace
  8. Safran S.A.
  9. Raytheon Technologies Corporation
  10. Rolls–Royce PLC
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