Asia-Pacific Aircraft MRO Market Share

Market Share of Asia-Pacific Aircraft MRO Industry

ST Engineering, SIA Engineering Company, Hong Kong Aircraft Engineering Company Limited (HAECO), AAR, and Lufthansa Technik are some of the prominent players in the market. Players from Singapore and Hong Kong dominate the MRO market in Asia. In recent years, several players from other Asian countries have increased their investment in MRO facilities to replicate the success of players from Singapore and Hong Kong in this sector. Simultaneously, companies from Indonesia and Thailand are entering the market to challenge the dominance of established Singapore-based players, which is expected to change the region's competitive landscape in the years to come. In addition, due to the huge potential of the Asia-Pacific aviation market, several global players are establishing new centers in the region to cater to the growing demand. For instance, AAR recently obtained several new maintenance contracts with customers from China, Japan, and India and is looking to increase its presence in the region with the help of partnerships and joint ventures. Moreover, with the growing dominance of OEMs, small and independent MRO facilities have had to rework their business models to sustain themselves in the increasing competition in the Asia-Pacific MRO market.

Asia Aircraft MRO Market Leaders

1. Hong Kong Aircraft Engineering Company Limited (HAECO)

2. ST Engineering

3. SIA Engineering Company

4. AAR

5. Lufthansa Technik

*Disclaimer: Major Players sorted in no particular order