Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 25.7 Billion | USD 38.8 Billion | 4.2% | 2024 |
The global wide body aircraft MRO market size was worth around USD 25.7 billion in 2024 and is predicted to grow to around USD 38.8 billion by 2034, with a compound annual growth rate (CAGR) of roughly 4.2% between 2025 and 2034.
MRO refers to the spectrum of services needed to keep wide-body aircraft—large planes with two passenger aisles, typically used for long-haul international flights—safe, working properly, and ready to fly. The market has services for wide-body planes such as the Boeing 777, 787, Airbus A330, A350, and A380. These services include maintenance on the airframe, engine, components, and lines/bases, as well as repairs and overhauls.
Wide-body planes are becoming increasingly significant as more people and cargo need to fly between countries. The need for both scheduled and unexpected MRO activities grows as the number of planes in use grows.
Aging aircraft fleet drives market growth
The maintenance, repair, and overhaul (MRO) of the wide body aircraft market is rising since the fleet of planes is getting older and more people are utilizing MRO. Several airlines and operators still operate older planes, as it takes a lot of money to change the fleet.
To make sure these old planes are safe and work well, they need more regular and thorough maintenance. Regular inspections, repairs, and part replacements are also part of MRO services that help these planes last longer.
Additionally, improved MRO materials and methods make it easier to repair older planes at a fair price. This is ideal for airlines that want to maximize their investments while still complying with strict safety requirements.
The high cost of MRO services hinders market growth
The high cost of maintenance, repair, and overhaul (MRO) services is a big problem for the wide body aircraft MRO sector. This affects both the demand from airlines and MRO providers and the decisions they make about how to run their businesses.
Wide-body aircraft, like the Boeing 787 and Airbus A350, have bigger parts, more advanced systems, and newer materials, such as composites and avionics. It costs more to maintain them since they need more specialized tools, more hours of work, and more knowledge.
Wide-body aircraft also need big hangars, strong cranes, and repair bays that are made just for them. There are significant expenses up front to build the facility, and there are also ongoing costs for calibrating and updating the equipment.
Rising expansion of the business by the key market player offers a lucrative opportunity for market growth
The growing expansion of the business by the key market players is expected to offer a lucrative opportunity for the wide body aircraft MRO market over the analysis period.
For instance, in July 2024, with an emphasis on servicing wide-body aircraft and entering new foreign markets, GMR Group announced that it is expanding its MRO business. In response to growing air traffic and new aircraft orders, the business intends to build hangars that are capable of servicing larger aircraft.
By improving its service offerings, the expansion will help GMR draw in more foreign clients and broaden its client base. This action is in keeping with the global aviation industry's recovery and the trend of airlines purchasing larger aircraft.
Shortage of skilled labor poses a major challenge to market expansion
The Wide Body Aircraft MRO Market is severely hampered by the lack of competent workers, which has an effect on service providers' long-term viability, turnaround times for maintenance, and operational efficiency. Advanced technology is found in wide-body aircraft such as the Airbus A350 and Boeing 787 (composite fuselages, fly-by-wire systems, next-generation engines).
Many of the highly qualified, certified technicians and engineers needed to maintain modern aircraft are retiring from the field. Compared to narrow-body aircraft, labor-intensive procedures like C-checks and D-checks require additional technician hours and certain skill sets.
Additionally, a sizable section of the MRO workforce is getting close to retirement age, particularly in North America and Europe. According to industry projections, between 30 and 40 percent of aircraft maintenance technicians are expected to retire in the upcoming ten years. This gap cannot be filled by the rate at which new talent is entering the field.
Report Attributes | Report Details |
---|---|
Report Name | Wide Body Aircraft MRO Market |
Market Size in 2024 | USD 25.7 Billion |
Market Forecast in 2034 | USD 38.8 Billion |
Growth Rate | CAGR of 4.2% |
Number of Pages | 213 |
Key Companies Covered | Safran, Boeing, MTU Aero Engines, Pratt and Whitney, MRO Holdings, ST Aerospace, Airbus, Northrop Grumman, Textron, Honeywell, Air France Industries, KLM Engineering and Maintenance, Lufthansa Technik, Lockheed Martin, General Electric, Rolls-Royce, and others. |
Segments Covered | By Service Type, By Maintenance Type, By End User, By Component Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2019 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global Wide Body Aircraft MRO industry is segmented based on service type, maintenance type, end user, component type, and region.
Based on the service type, the global market is bifurcated into airframe maintenance, engine maintenance, component maintenance, modification, and upgrade. The airframe maintenance segment is expected to hold the largest market share over the forecast period.
Examining, fixing, overhauling, and maintaining the fuselage, wings, empennage (tail section), landing gear, flight controls, and related components are all considered forms of airframe maintenance. This increases the potential profitability for wide-body aircraft by requiring a large number of labor hours, hangar space, and specialized tooling.
Wide-body aircraft need specific structural repair methods and employ cutting-edge materials like titanium alloys and composites. This raises the revenue from airplane maintenance by increasing billable labor hours and requiring premium charges.
Based on the maintenance type, the global Wide Body Aircraft MRO industry is bifurcated into line maintenance, base maintenance, and heavy maintenance. The line maintenance segment is expected to dominate the market over the projected period. Real-time aircraft health monitoring systems (AHMS) are improving line maintenance. Pre-positioned maintenance teams are made possible by fault detection before arrival, which maximizes turnaround time and boosts chargeable efficiency. Thus, driving the industry growth.
Based on the end-user, the global Wide Body Aircraft MRO market is bifurcated into commercial operators, cargo operators, and military operators. The commercial operators segment is expected to capture the largest market share over the forecast period. The increasing number of flights traveling across the globe is expected to foster industry expansion.
Based on the component type, the global market is bifurcated into avionics, landing gear, fuel systems, and electrical systems. The avionics segment is expected to hold the largest market share over the projected period due to the digital evolution of aircraft systems.
North America dominates the market over the projected period
North America is expected to dominate the global wide body aircraft MRO market during the forecast period. In order to maximize operational efficiency, the North American market is progressively utilizing cutting-edge technology like data analytics and predictive maintenance. MRO companies invest in worker training and certifications because of the emphasis on safety standards and regulatory compliance.
Furthermore, MROs are adopting greener methods and minimizing their environmental impact as a result of the growing significance of sustainability programs. However, the Asia Pacific is expected to grow at the highest CAGR over the projected period, owing to the increasing number of fleets and the growing number of flight travel.
The global Wide Body Aircraft MRO market is dominated by players like:
By Service Type
By Maintenance Type
By End User
By Component Type
By Region
FrequentlyAsked Questions
MRO refers to the spectrum of services that are needed to keep wide-body aircraft—large planes with two passenger aisles that are typically used for long-haul international flights—safe, working properly, and ready to fly.
The Wide Body Aircraft MRO market is driven by several factors, including the increasing aerospace sector, the growing expansion of the business by key market players, rising investment, and others.
According to the report, the global wide body aircraft MRO market size was worth around USD 25.7 billion in 2024 and is predicted to grow to around USD 38.8 billion by 2034.
The global Wide Body Aircraft MRO market is expected to grow at a CAGR of 4.2% during the forecast period.
The global wide body aircraft MRO market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the rising aviation sector and the presence of major players.
The global Wide Body Aircraft MRO market is dominated by players like Safran, Boeing, MTU Aero Engines, Pratt and Whitney, MRO Holdings, ST Aerospace, Airbus, Northrop Grumman, Textron, Honeywell, Air France Industries KLM Engineering and Maintenance, Lufthansa Technik, Lockheed Martin, General Electric, and Rolls-Royce among, others.
The wide body aircraft MRO market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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