Asia Pacific Aircraft Engine MRO Market

The aircraft engine MRO market in Asia Pacific is expected to grow from US$ 7.98 billion in 2022 to US$ 11.91 billion by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

ring the COVID-19 recovery period, the aviation industry witnessed a gradual recovery, which increased aircraft movements. Aircraft manufacturers and military forces are implementing strategies to increase fleet expansion, contributing to the aircraft engine MRO market growth. Several airline companies implemented various strategies to increase their aircraft engine MRO market share, such as mergers & acquisitions and lining up new flights. For instance, in 2020, Textron Aviation acquired Australian MRO service provider Premiair Aviation Maintenance. In 2022, Malaysian and Turkish airlines are resuming their passenger flights in India after two years; Emirates is also restoring its pre-pandemic schedule of 172 flights per week. Thus, the increased number of flights drives the aircraft engine MRO market significantly. Moreover, the alarmingly high number of recent aircraft accidents due to engine failure concerns internal efficiency and aircraft engine maintenance. This factor is fueling the demand for aircraft engine MRO services, aiding the market's growth. Governments are providing direct support to the aviation industry. Several developed and developing countries, such as China and India, are surfacing as profitable markets for aircraft engine MRO services. For instance, in March 2022, Hindustan Aeronautics Limited and Safran joined hands and opened a new Helicopter Engines MRO Pvt Ltd. facility in India. This MRO facility will be active by the end of 2023, with the capacity to repair 50 aircraft engines a year and a full capacity target of 150 engines in a couple of years. According to the Civil Aviation Administration of China, by 2035, the country's total number of air terminals is likely to double due to the government's financial support for the aviation industry.

 Asia Pacific Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)

Asia Pacific Aircraft Engine MRO Market Segmentation

The Asia Pacific aircraft engine MRO market is segmented by engine, application, aircraft type, and country. Based on engine, the Asia Pacific aircraft engine MRO market is bifurcated into turbine engine and piston engine. Turbine engine is expected to dominate the aircraft engine MRO market in 2022. The turbine engine segment is further sub-segmented into turboprop engine, turbofan engine, and turboshaft engine. Turbofan engine is expected to dominate the aircraft engine MRO market in 2022. On the basis of application, the Asia Pacific aircraft engine MRO market is segmented into commercial, general, and military. The commercial segment is expected to account for the largest share in 2022 in the Asia Pacific aircraft engine MRO market. On the basis of aircraft type, the Asia Pacific aircraft engine MRO market is categorized into fixed wing and rotary wing. Fixed wing is expected to dominate the market in 2022. Based on country, the Asia Pacific aircraft engine MRO market is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. China dominated the market in 2022.

Key players dominating the Asia Pacific aircraft engine MRO market are CFM International, Delta Air Line, GE Aviation, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce plc, Safran, SIA Engineering Company, and Sigma Aerospace.

Asia Pacific Aircraft Engine MRO Strategic Insights

Strategic insights for the Asia Pacific Aircraft Engine MRO provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Aircraft Engine MRO Report Scope

Asia Pacific Aircraft Engine MRO Regional Insights

The geographic scope of the Asia Pacific Aircraft Engine MRO refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.