Industry Analysis & Industry Trends
Over the past five years, the Aircraft Maintenance, Repair and Overhaul (MRO) industry has slowly climbed out of the recession and reached new heights. Improving economic conditions led to a pickup in air travel. As a result, airlines increased their use of their aircraft fleets. The resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. In the five years to 2021, continued economic growth is anticipated to lead to increased air travel and aircraft usage. Moreover, lower oil prices might keep older aircraft flying for longer, thus increasing the need for MRO... purchase to read more
Industry Report - Industry Products Chapter
Maintenance, repair and overhaul (MRO) services are essential for the safe operation of aircraft. MRO services can be typically classified into four segments: components MRO, engines overhaul, heavy airframe maintenance and line maintenance. However, this industry excludes MRO work conducted at factories, which means most work conducted by original equipment manufacturers (OEMs) is not counted.
Component MRO accounts for about 35.9% of industry revenue. This product segment includes work done on components such as avionics, auxiliary power units, furnishings, electrical parts, propellers, structures, fuel systems, hydraulics, tires, pneumatics and so on. Like in most other segments, regular MRO is required on components... purchase to read more