Commercial Wide Body Narrow Body Aircraft MRO Market

Based on MRO Type, the Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been segmented into Airframe Heavy Maintenance MRO, Engine MRO, Component MRO, Line Maintenance, Modifications MRO. In the year 2023, “Engine MRO” account for the largest market share with 50.07%. The engine MRO segment is experiencing a great deal of activity as global airline traffic nears 2019 levels. This increase however has some problems. Now it is obvious that there are more requests for engine services after three slow years since the beginning of pandemic.

There are many types of business that engine makers want airlines to bring their business for – large work as well as small work, such as quick turn and hospital shop work. But things are not as easy for the engine MRO providers. Some of them has been totally busy over the past year and they are struggling to find ways of dealing with all the workload.

Based on aircraft Type, the Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been segmented into wide-body aircraft and narrow-body aircraft. Wide-body aircraft segment is further classified in . In 2023, narrow-body segment accounted for the largest market share. Narrow body aircraft category is growing rapidly and has led to a rising demand on MRO services. At present, there are 3000 small NB aircraft in service and many of them are on the process of fleet renewal in the next five to ten years.

Key factors that can affect decision of introducing additional aircraft into a fleet include the aircraft economic factors, trends in demand for passengers and operation models. The E2 is the newest generation of small NB aircraft that can provide airlines with certain features and performance no other aircraft can provide. Nevertheless, the trend of traveling has not been down by the global economic downturn. 

Based on vehicle type, the Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been segmented into Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, and Others. Passenger Cars account for the largest market share in 2023. The growth in the passenger car segment is driven by increased consumer demand for personal vehicles, combined with ongoing improvement in automotive technologies. In passenger cars, pumps are applied in a number of ways, including the supply of fuel, cooling systems, and distribution of oil.

The developing trend of using electric vehicles will have an impact on the market since these cars require specialized pumps to suit the various cooling needs and fluid management involved. Also, strict regulations about fuel efficiency and emissions encourage manufacturers to develop and integrate an effective pumping solution. Growing urbanization and increasing disposable incomes will raise passenger car demand and drive the growth of the Commercial Wide-Body and Narrow-Body Aircraft MRO market further in the segment

Based on Service Provider, the Commercial Wide-Body and Narrow-Body Aircraft MRO Market has been segmented into Third Party/Independent MRO, and OEM-Affiliated MRO. In the year 2023, third party/independent MRO, account for the largest market share. The current independent MROs are therefore more careful when undertaking new capabilities or capacity in their business due to lessons learnt from covid19. The pandemic revealed the importance of maintaining cash flow as Fraser Currie, Joramco’s Chief Commercial Officer said.

In the past a big investment in facilities or ‘hangars’ was one of the choices however in the current scenario it is not a feasible idea as the market is volatile and unpredictable. The same point was made by Sercan Toper, the vice president of Turkish Technic; this is still a huge investment even if the kind of operations are low-margin. This financial problem forces the independent MROs to outsource more with the OEMs and the independent MROs to develop new capabilities and offers more services.