Global Aviation Maintenance, Repair and Overhaul (MRO) Markets, 2021-2022 & 2026: Analysis by Type, Aircraft Type, Aircraft Generation, End User, & Region - ResearchAndMarkets.com
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Monday, August 1, 2022
Aerospace, Manufacturing, Aircraft, Foam, MRO, Acquisition, Original equipment manufacturer, Aviation, Pleasure, CAAS, GE Aviation, Industry, USM, Maintenance, FL Technics, ST Engineering, Civil aviation, Growth, Travel, GE90, Air travel, US, Engineering, COVID-19, 777, Adoption, CAGR, A320, GE, Boeing, Maintenance (technical), Ministry of Transport (Singapore), ST, AI, GVI, Airline, Overhaul, Etihad Airways
The aviation maintenance, repair and overhaul market is projected to grow at a CAGR of 6.3%, during the forecast period of 2022-2026.
Key Points:
- The aviation maintenance, repair and overhaul market is projected to grow at a CAGR of 6.3%, during the forecast period of 2022-2026.
- In 2021, the global aviation maintenance, repair and overhaul market, was valued at US$71.82 billion, and is probable to reach US$106.64 billion by 2026.
- Individuals' increased air travel for business and pleasure would increase aircraft production in the future, significantly impacting the aviation maintenance, repair and overhaul market.
- Global Aviation Maintenance, Repair and Overhaul Market Dynamics:
Growth Drivers: Aviation Maintenance, Repair and Overhaul industry is mounting due to the increase in global defense spending.