The MRO market is facing a growth and major transformations

Created on 31.08.2021 08:52

The MRO global market (Maintenance and Repair Operations) of commercial aircrafts will exceed $ 95 billion by 2027 that is almost 36% over than its volume in 2020 ($ 70 billion), according to Global Market Insights research. The average annual growth will be approximately 4.5%. Moreover, the Data Bridge Market Research predicts even more optimistic growth rates of 4.7% per year, as reported by the news agency ATO.

At the same time, the MRO industry will face radical transformations despite the positive financial indicators. The main source of stress is the rising costs associated with airline's maintenance. According to analysts, air carriers are currently spending more funds on MRO than they spend on fuel or staff that traditionally are the largest items of expenditure. The airworthiness is a major contributor to the cost-effectiveness along with costs associated with delays and cancellations.

Operators are focused on cost reduction and aircraft downtime by accelerating and automating the diagnostics, optimization and supply of spare parts. The growth include the increasing demand for modernization programs, demand for older aircrafts along with the formation of a new generation fleet, recovery growth in air traffic. Serious challenges are created by the greater involvement of aircraft manufacturers in the maintenance market, as well as an aggravating shortage of qualified staff against the backdrop of rapid technological changes.

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