Report : South & Central America Airframe MRO Market Forecast to 2030 - Regional Analysis - by Aircraft Type (Fixed-Wing Aircraft and Rotary-Wing Aircraft) and Component (Fuselage, Wings and Rotors, Landing Gear, and Others)

At 2.5% CAGR, South & Central America Airframe MRO Market is Projected to be Worth US$ 1,406.68 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America airframe MRO market was valued at US$ 1,155.48 million in 2022 and is expected to reach US$ 1,406.68 million by 2030, registering a CAGR of 2.5% from 2022 to 2030. Increasing adoption of sustainable aviation fuel (SAF) and retrofitting of older aircraft fleet are among the critical factors attributed to the South & Central America airframe MRO market expansion.

The aviation industry is intensifying its efforts to reduce carbon emissions and achieve sustainability goals, compelling MRO companies to adopt sustainable aviation fuel (SAF). By offering SAF-related services and technologies, MRO providers can position themselves as leaders in environmental sustainability and contribute to the industry's commitment to greener aviation practices. This opportunity aligns with the growing demand for eco-friendly aviation solutions and can open new revenue streams while fostering a more sustainable future for the sector. In February 2023, Boeing entered into agreements to acquire 5.6 million gallons (equivalent to 21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, a global leader in SAF production. As airlines increasingly prioritize eco-friendly operations, MRO companies can offer services related to SAF integration and usage. This includes retrofitting aircraft to accommodate SAF, conducting SAF-related maintenance, and ensuring compliance with SAF standards and regulations. Thus, the increasing adoption of sustainable aviation fuels (SAFs) and related services is likely to present a significant opportunity for airframe MRO providers during the forecast period.

On the contrary, entry of OEMs in aftermarket hampers the growth of South & Central America airframe MRO market.

Based on aircraft type, the South & Central America airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 78.7% share of the South & Central America airframe MRO market in 2022, amassing US$ 909.94 million. It is projected to garner US$ 1,123.52 million by 2030 to expand at 2.7% CAGR during 2022-2030.

In terms of component, the South & Central America airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held 47.2% share of the South & Central America airframe MRO market in 2022, amassing US$ 545.62 million. It is estimated to garner US$ 654.26 million by 2030 to expand at 2.3% CAGR during 2022-2030.

Based on country, the South & Central America airframe MRO market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 40.8% share of South & Central America airframe MRO market in 2022, amassing US$ 470.97 million. It is projected to garner US$ 576.74 million by 2030 to expand at 2.6% CAGR during 2022-2030.

Key players operating in the South & Central America airframe MRO market are AAR CORP, Barnes Group Inc, GE Aviation, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Lufthansa Technik, Delta TechOps, Rolls-Royce Holdings Plc, and Collins Aerospace, among others.

2023: FL Technics, a leading aircraft maintenance solutions company, has started the establishment of new MRO infrastructure in Punta Cana International Airport (PUJ), the second-busiest airport in the Caribbean. Once the first stage of the development is finished, facilities will include 5 bays for base maintenance operations including a complex of full-fledged supporting shops.

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