Aircraft Engine MRO Market Share

Market Share of Aircraft Engine MRO Industry

The prominent players in the aircraft engine MRO market are Lufthansa Technik, Rolls-Royce Holding PLC, Raytheon Technologies Corporation, General Electric Company, and Safran SA. The major engine MRO providers are entering into long-term partnerships or forming joint ventures to grow their engine MRO customers. For instance, in June 2022, ST Engineering announced that their Commercial Aerospace business had signed a five-year agreement with Safran Aircraft Engines, a global-leading aerospace engine manufacturer, for ST Engineering to provide engine maintenance (shop visit) offload for the CFM56-5B and -7B engines. This multi-year agreement may allow ST Engineering and Safran Aircraft Engines to meet the forecasted rise of engine MRO activities as air travel gradually recovers from the pandemic. Despite being an immense advantage for the players within the market in terms of economic stability, the long-term contracts of the established players with the armed forces and commercial airlines may act as a barrier for new players to enter the market.

Aircraft Engine MRO Market Leaders

1. Lufthansa Technik

2. Rolls-Royce Holding PLC

3. General Electric Company

4. Safran SA

5. Raytheon Technologies Corporation

*Disclaimer: Major Players sorted in no particular order