How big is the Business Jet MRO Market?

The Business Jet MRO Market size is expected to reach USD 29.20 billion in 2024 and grow at a CAGR of 3.20% to reach USD 34.18 billion by 2029. Read More

What is the current Business Jet MRO Market size?

In 2024, the Business Jet MRO Market size is expected to reach USD 29.20 billion. Read More

Who are the key players in Business Jet MRO Market?

Bombardier Inc., General Dynamics Corporation, Lufthansa Technik AG, RTX Corporation and Rolls-Royce PLC are the major companies operating in the Business Jet MRO Market. Read More

Which is the fastest growing region in Business Jet MRO Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Business Jet MRO Market?

In 2024, the North America accounts for the largest market share in Business Jet MRO Market. Read More

What years does this Business Jet MRO Market cover, and what was the market size in 2023?

In 2023, the Business Jet MRO Market size was estimated at USD 28.27 billion. The report covers the Business Jet MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Business Jet MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Business Jet MRO Market Share

Statistics for the 2023 & 2024 Business Jet MRO market share, created by Mordor Intelligence™ Industry Reports. Business Jet MRO share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Business Jet MRO Industry

The business jet MRO market remains consolidated, with a handful of players dominating the landscape. Key players include Bombardier Inc., General Dynamics Corporation, Rolls-Royce PLC, RTX Corporation, and Lufthansa Technik AG.

Lufthansa Technik AG and Bombardier Inc. lead the market, providing a comprehensive range of MRO services. Their offerings span routine checks to major overhauls, often including retrofitting and upgrades. As operators increasingly prefer a one-stop shop for maintenance, these firms are securing substantial contracts and fostering enduring relationships with fleet operators. Both companies are strategically launching new MRO facilities and acquiring local businesses to further solidify their market dominance.

For instance, ExecuJet MRO Services is establishing a state-of-the-art business aviation MRO facility at Al Maktoum International Airport (DWC). This facility, covering 15,000 sq. m, is designed to simultaneously service 18-24 business jets. It will provide line and base maintenance for various large jets, including the Falcon 6X and Falcon 10X.

In a notable development, Pratt & Whitney, a division of RTX Corporation, unveiled a USD 20 million investment in April 2024. Targeting the West Palm Beach Engine Center, this investment aims to boost its GTF maintenance, repair, and overhaul (MRO) capacity by 40%. The upgrades will be enhanced by cutting-edge technologies from NATA (North American Technology Accelerator). Continuing this trajectory, Pratt & Whitney expanded three of its GTF MRO facilities in 2023 and launched five new shops to bolster its GTF fleet support.

Additionally, many local players, valuing technical expertise, are collaborating with original equipment manufacturers (OEMs). These partnerships are designed to secure the essential certifications for on-site MRO services for business jets.