Europe Aircraft MRO Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 18.56 Billion |
| Market Size (2029) | USD 23.68 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Aircraft MRO Market Analysis
The Europe Aircraft MRO Market size is estimated at USD 18.56 billion in 2024, and is expected to reach USD 23.68 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).
Major European airlines are gearing up to revive their grounded aircraft, requiring maintenance, repair, or overhaul activities to ensure airworthiness. This surge in aircraft revival efforts is set to fuel a notable demand for MRO services in the coming years. Notably, carriers such as Air France, Eastern Airways, and Loganair boast aircraft fleets averaging over 14 years of age. The region has an impressive order book, tallying over 400 aircraft, with a dominant 80% share held by the A321, and a significant portion of these orders, around three-quarters, are attributed to Hungary's Wizz Air. Eastern Europe is poised to welcome nearly 800 aircraft deliveries, predominantly comprising narrowbodies, over the next decade.
Additionally, the region's armed forces are grappling with an aging rotorcraft and fixed-wing aircraft fleet, further amplifying the demand for MRO services. Industry increasingly turns to cutting-edge technologies like augmented and virtual reality to streamline maintenance operations, enhance decision-making, and expedite maintenance tasks.
Europe Aircraft MRO Market Trends
The Engine MRO Segment is Expected to Witness the Highest CAGR
Engine MRO encompasses both field and depot maintenance. Depot maintenance involves extensive tasks like material upkeep, major repairs, overhauls, and even complete rebuilds of engines, parts, and assemblies. It also covers part manufacturing, technical support, and testing. Moreover, field maintenance focuses on on-equipment activities, excluding the more comprehensive depot-level tasks. This includes limited repairs, software maintenance, and the fabrication of repair parts. Major players in the engine MRO sector, such as Safran, Rolls Royce, and MTU Aero Engines, cater to a diverse clientele spanning commercial, military, and general aviation. While OEMs dominate around half of the engine maintenance market, the rest is divided between independent shops and airline overhaul facilities.
Airlines, especially with newer engine generations, often opt for outsourced maintenance, sometimes opting for complete MRO-support programs. For instance, in June 2023, Pratt & Whitney, a subsidiary of RTX Corporation, inked significant engine and aftermarket deals with Croatia Airlines. These agreements revolve around Pratt & Whitney's cutting-edge Geared Turbofan (GTF) engines, which are slated to power Croatia Airlines' sizable fleet of 15 A220-100 and A220-300 aircraft. Such collaborations are poised to drive market growth in the coming years.
The United Kingdom is Expected to Lead the Market
The United Kingdom boasts one of the largest aircraft fleets globally, spanning commercial, military, and general aviation. Major carriers, including Jet2, British Airways, Eastern Airways, and Loganair, operate commercial fleets with average ages of 13.5, 13.6, 18, and 23.4 years. This aging fleet is fueling demand for new aircraft maintenance contracts. In a recent move, in May 2024, STS Aviation Services (STS), a global aircraft maintenance leader STS Aviation Group division, acquired GT Engine Services (GTES), a UK-based engine MRO.
Alongside modernizing its fleet, the UK Ministry of Defense (MoD) is prioritizing enhancing its existing aerial assets. The government has forged joint ventures to bolster this, notably with Singapore, focusing on F-35 aircraft and aviation technology exchange. These initiatives are poised to propel the UK military aviation MRO market in the coming years.
Europe Aircraft MRO Market Industry Overview
The European MRO market features a fragmented landscape characterized by the presence of numerous key players operating MRO facilities. Notable entities in this market include Rolls-Royce PLC, TAP Maintenance & Engineering (TAP Air Portugal), Lufthansa Technik AG, BAE Systems PLC, and Airbus SE.
Several airlines in the region have dedicated MRO verticals to support their fleets. MRO providers are adopting advanced technology for maintenance inspections, aiming to streamline and expedite maintenance tasks. This efficiency not only reduces execution time but also enables maintenance providers to cut down on aircraft turnaround times significantly. In October 2023, Airbus inaugurated its Wunstorf MRO site, specifically tailored for the German A400M fleet. This move signifies a significant enhancement in in-service support for the German Air Force's A400M tactical airlift fleet, as they've initiated construction on a new facility at the Wunstorf air base.
Europe Aircraft MRO Market Leaders
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Lufthansa Technik AG
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Airbus SE
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TAP Maintenance & Engineering (TAP Air Portugal)
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BAE Systems plc
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Rolls-Royce plc
*Disclaimer: Major Players sorted in no particular order
Europe Aircraft MRO Market News
- September 2023: Air France and Airbus initiated exclusive talks to form a 50-50 joint venture focusing on component maintenance services for the Airbus A350. The venture's primary goal is to address the A350's escalating long-term maintenance demands, especially as its global fleet expands.
- September 2023: Scandinavian Airlines enlisted Magnetic Creative's services, a Magnetic Group subsidiary, for an interior modification project on its Embraer E190 aircraft.
Europe Aircraft MRO Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 MRO Type
5.1.1 Engine MRO
5.1.2 Components MRO
5.1.3 Airframe MRO
5.1.4 Other MRO Types
5.2 Aircraft Type
5.2.1 Commercial Aircraft
5.2.2 Military Aircraft
5.2.3 General Aviation Aircraft
5.3 Geography
5.3.1 United Kingdom
5.3.2 Germany
5.3.3 France
5.3.4 Russia
5.3.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Airbus SE
6.1.2 Rolls-Royce PLC
6.1.3 TAP Maintenance & Engineering (TAP Air Portugal)
6.1.4 Lufthansa Technik AG
6.1.5 BAE Systems PLC
6.1.6 Safran SA
6.1.7 Kongsberg Gruppen ASA
6.1.8 Rostec
6.1.9 Bombardier Inc.
6.1.10 StandardAero
6.1.11 Sabena technics SA
6.1.12 MTU Aero Engines AG
6.1.13 Comlux
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Aircraft MRO Market Industry Segmentation
Aircraft MRO encompasses tasks that maintain an aircraft's airworthiness. Service providers conduct overhauls, inspections, replacements, defect rectifications, and modifications, adhering to airworthiness directives.
The market is segmented by MRO type and aircraft type. By MRO type, the market is segmented into engine MRO, components MRO, airframe MRO, and other MRO types. By aircraft type, the market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. By country, the market is segmented into United Kingdom, France, Germany, Italy, and the Rest of Europe. For each segment, the market size is provided in terms of value (USD).
| MRO Type | |
| Engine MRO | |
| Components MRO | |
| Airframe MRO | |
| Other MRO Types |
| Aircraft Type | |
| Commercial Aircraft | |
| Military Aircraft | |
| General Aviation Aircraft |
| Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Russia | |
| Rest of Europe |
Europe Aircraft MRO Market Research FAQs
How big is the Europe Aircraft MRO Market?
The Europe Aircraft MRO Market size is expected to reach USD 18.56 billion in 2024 and grow at a CAGR of 5% to reach USD 23.68 billion by 2029.
What is the current Europe Aircraft MRO Market size?
In 2024, the Europe Aircraft MRO Market size is expected to reach USD 18.56 billion.
Who are the key players in Europe Aircraft MRO Market?
Lufthansa Technik AG, Airbus SE, TAP Maintenance & Engineering (TAP Air Portugal), BAE Systems plc and Rolls-Royce plc are the major companies operating in the Europe Aircraft MRO Market.
What years does this Europe Aircraft MRO Market cover, and what was the market size in 2023?
In 2023, the Europe Aircraft MRO Market size was estimated at USD 17.63 billion. The report covers the Europe Aircraft MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Aircraft MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Aircraft MRO Industry Report
Statistics for the 2024 Europe Aircraft MRO market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Aircraft MRO analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
