Visiongain has published a new report: Aviation Maintenance, Repair & Overhaul (MRO) Market Report 2023-2033: Forecast by Organisation Type (SME, Non-SME), by Aircraft Type (Narrowbody, Widebody, Regional Jet, Turboprop), by Service Type (Engine, Airframe, Line Maintenance, Component), by Type (Airline, Independent Maintenance, Repair & Overhaul (MRO), OEM) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global aviation maintenance, repair & overhaul (MRO) market was valued at more than US$78 billion in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period 2023-2033.

COVID Impact on the Industry
The COVID-19 pandemic has had a significant impact on the aviation industry, including the aviation maintenance, repair, and overhaul (Maintenance, Repair & Overhaul (MRO)) sector. The aviation maintenance, repair & overhaul (MRO) industry, which is responsible for maintaining and repairing aircraft, has been affected by the decline in air travel demand, flight cancellations, and grounding of aircraft. The decline in air travel demands due to travel restrictions and lockdowns has led to a decrease in demand for maintenance, repair & overhaul (MRO) services. Airlines have had to reduce their fleet sizes, leading to a decrease in the number of aircraft requiring maintenance. As airlines have been forced to reduce their operations, some have cancelled or postponed their maintenance contracts with maintenance, repair & overhaul (MRO) providers, leading to a reduction in revenue.

How will this Report Benefit you?
Visiongain’s 254-page report provides 102 tables and 145 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global aviation maintenance, repair & overhaul (MRO) market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for aviation maintenance, repair & overhaul (MRO). Get financial analysis of the overall market and different segments including aircraft type, type, organisation type, and capture higher market share.

We believe that there are strong opportunities in this fast-growing aviation maintenance, repair & overhaul (MRO) market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

Competitive Landscape
The global aviation maintenance, repair & overhaul (MRO) industry is competitive in nature as large number of well-established companies are operating in this industry. Some key players operating in this market are AAR Corp, Airbus, Delta TechOps, Hong Kong Aircraft Engineering Company Limited, KLM UK Engineering Limited, Lufthansa Technik, MTU Aero Engines AG, Singapore Technologies Engineering Ltd, TAP Maintenance & Engineering, Raytheon Technologies, MRO Japan Co., Ltd., SGS Société Générale de Surveillance SA, and Manitoba Aerospace. Companies operating in this sector are adopting actions such as partnerships, defense contracts, new product development, and research and development to form different strategies in order to stay competitive in this industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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