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Feature: Growth starts returning to MROs
23 July 2010
There are few other industries where after-sales activity is as well developed as in aviation.
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maintenance repair and overhaul (MRO)
AeroStrategy
David Stewart
Lufthansa Technik
Peter Jansen
It is a market with an estimated value of $42 billion. The maintenance repair and overhaul (MRO) of commercial aircraft is big business. AeroStrategy, a management consultancy, says that at its peak, in 2008, the MRO industry was worth about $45 billion. Moreover, the firm projects that, by 2019, it will reach about $58 billion. This recession has effectively cost three years of growth.
North America and western Europe are the largest markets and between them account for more than 60% of the business by value. AeroStrategy forecasts that the fastest-growing regions for MRO will be China and the Middle East. In terms of activity, engine maintenance is the largest sector and looks set to increase its significance, with the highest predicted growth rate (4%) of all sectors except modifications (7.2%), which starts from a much lower base.
The consultancy suggests there are two major factors that influence the...
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