What Has Been the Growth of the Aviation Maintenance Repair And Overhaul MRO Logistics Market So Far?
The aviation maintenance repair and overhaul mro logistics market has seen considerable growth due to a variety of factors.
• The market size for logistics in aviation maintenance, repair, and overhaul (MRO) has seen a robust growth in recent times. It is projected to rise from $5.71 billion in 2024 to $6.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%.
The growth observed in previous years can be linked to increased investments in aircraft MRO software development, which is propelling market growth. Other factors contributing to the industry's growth include the growing demand for air travel, regulatory compliance, and data integration.
How Will the Aviation Maintenance Repair And Overhaul MRO Logistics Market?
The aviation maintenance repair and overhaul mro logistics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of aviation maintenance, repair, and overhaul (MRO) logistics is anticipated to witness substantial growth in the coming years, reaching $7.79 billion by 2029, at a compound annual growth rate (CAGR) of 6.1%.
The expansion during the forecast period can be attributed to factors such as a surge in air travel, increase in the size of aircraft fleets, aircraft usage, asset tracking, and aging aircraft fleets. Key trends during the forecast period include technological advancements fostering market growth, disruptions in the supply chain, deteriorating infrastructure, the application of blockchain technology, and the implementation of predictive maintenance.
Which Factors Are Boosting Growth In The Aviation Maintenance Repair And Overhaul MRO Logistics Market?
The anticipated increase in air travel is set to fuel the expansion of the aviation maintenance, repair, and overhaul (MRO) logistics market in the future. This surge in air travel demand is primarily attributed to the growing business activities and international trade that often require frequent air journeys for conducting business meetings, conferences, and negotiations, as well as the surge in travel and tourism. MRO logistics plays a vital role in ensuring that the airplanes are routinely maintained and repaired in accordance with aviation safety regulations, and allows for the early detection of possible issues, thereby decreasing the probability of unforeseen malfunctions. For example, the International Air Transport Association, a trade association based in Canada, reported in October 2024 that total demand in August 2024 rose by 8.6% compared to August 2023, propelled by a 10.6% escalation in international demand and a 5.6% growth in domestic demand from the year before. Hence, the upward trend in air travel is catalyzing the expansion of the aviation maintenance, repair, and overhaul (MRO) logistics market.
What Key Areas Define The Segmentation Of The Global Aviation Maintenance Repair And Overhaul MRO Logistics Market?
The aviation maintenance, repair and overhaul (MRO) logistics market covered in this report is segmented –
1) By Type: Order Fulfillment, Inventory Management
2) By Service Type: Engine Overhaul, Airframe Maintenance, Line Maintenance, Modification, Components
3) By Application: Civil Aviation, Military Aviation, Business Aviation
Subsegments:
1) By Order Fulfillment: Parts Procurement And Distribution, Just-In-Time Delivery Services
2) By Inventory Management: Stock Level Monitoring, Predictive Inventory Analytics, Warehouse Management Solutions
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Which Emerging Market Trends Are Altering The Aviation Maintenance Repair And Overhaul MRO Logistics Industry?
Leading corporations in the aviation maintenance, repair, and overhaul (MRO) logistics market are advancing their product offerings with innovative solutions like aviation suite to optimize MRO logistic services. The aviation suite comprises modules or capabilities specifically catered to manage MRO inventory, including tracking spare parts, controlling stock levels, and harmonizing inventory distribution across various sites. For example, Ramco Systems, a software firm from India, introduced Aviation Suite V5.9.6 in July 2023. This software significantly boosts the optimization and streamlining of aviation MRO logistic processes. This revolutionary product seeks to augment efficiency by enhancing usability and integrating sophisticated digital capacities, thus providing novel features to propel operational supremacy in the aviation sector.
Who Are the Key Players In The Aviation Maintenance Repair And Overhaul MRO Logistics Market?
Major companies operating in the aviation maintenance
• repair and overhaul (MRO) logistics market are:
• Deutsche Post AG
• United Parcel Service Inc.
• FedEx Corporation
• CMA CGM S.A.
• The Boeing Company
• Deutsche Bahn AG
• Kuehne + Nagel International AG
• Honeywell Aerospace
• DSV Panalpina A/S
• BAE Systems plc
• DB Schenker
• Nippon Express Co. Ltd.
• Bell Helicopter Textron Inc.
• Air France Industries KLM Engineering & Maintenance
• Delta TechOps
• AAR Corporation
• SEKO Logistics
• Duncan Aviation
• FL Technics
• Denel Aeronautics
• CAMP Systems International Inc.
• Barfield Inc
What Is The Most Dominant Region In The Aviation Maintenance Repair And Overhaul MRO Logistics Market?
North America was the largest region in the aviation maintenance, repair, and overhaul (MRO) logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation maintenance, repair and overhaul (MRO) logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
