Air Transport MRO: Total Market Size & Growth, Market by Region, and Market by Type of MRO
As illustrated by the chart to the right, the size of the global air transport MRO market is expected to reach $53.5 billion in 2012.
This compares to $50.9 billion in 2011.
Engine MRO makes up 39% of all MRO or $19.9 billion followed by component, airframe, and line MRO.
North America is the biggest air transport MRO market at $16.6 billion or 32.6% of global MRO followed by Western Europe at 21.8%.
MRO by Type
The Global Air Transport MRO Market By Type of MRO - 2011 ($50.9 Billion)
The Global Air Transport MRO Market By World Region - 2011 ($50.9 Billion)
Air Transport MRO | Future Growth
The global air transport MRO market is expected to grow
from $50.9 billion in 2011 to $76.6 billion by 2021. This is equal to a 4% average annual rate of growth.
In 2012, it is estimated that the size of the global air transport MRO market will reach $53.5 billion, an increase of 5.1% from 2011.
The chart below shows how much the MRO business is expected to grow in different world regions. The highest growth will be in
China (9.6%) and the Middle East (8.5%). Current MRO strongholds, North America
and Western Europe, will grow at a more modest 0.6% and 1.4%, respectively.
As the chart below illustrates, modifications are expected to grow at an annual rate of 7.6% from 2011 to 2021
followed by engine MRO and component MRO at 4.3% and 4.2% respectively.
As illustrated by the charts above, modifications currently only make up 7% of the global air transport MRO market
while engine and component MRO together have more than 60%.