MRO Outlook – Significant Activity Ahead

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MRO Industry Update

The Aircraft Maintenance, Repair, and Overhaul (“MRO”) industry has experienced slow, but steady growth of roughly 3.0%, per year, over the past decade, growing from $43.0 billion in 2004 to $57.0 billion in 2014[1]. Growth was driven primarily by a continued increase in global air traffic demand, OCO spending in the Middle East and an aging fleet dependent on maintenance and repair programs. The outlook will remain steady, with global growth increasing roughly 4.0%, per year, through 2024 to $83 billion1. The growth will stem from an increase in global fleet capacity and new technological advances, …read more

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