Europe Aircraft Engine MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Aircraft Engine MRO Market is Segmented by Engine Type (Turbine Engine and Piston Engine), Application (Commercial Aviation, Military Aviation, and General Aviation), and Geography (UK, Germany, France, Italy, Switzerland, Spain, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Aircraft Engine MRO Market Size

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Europe Aircraft Engine MRO Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 10.19 Billion
Market Size (2029) USD 12.51 Billion
CAGR (2024 - 2029) 4.33 %
Market Concentration Medium

Major Players

Europe Aircraft Engine MRO Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Aircraft Engine MRO Market Analysis

The Europe Aircraft Engine MRO Market size is estimated at USD 10.19 billion in 2024, and is expected to reach USD 12.51 billion by 2029, growing at a CAGR of 4.33% during the forecast period (2024-2029).

The increasing orders and deliveries of new commercial aircraft due to increasing air traffic passenger numbers are anticipated to increase the demand for engine MRO services in aircraft during the forecast period. According to the latest updates from the International Air Transport Association (IATA), European air passenger traffic in 2023 accounted for 27.1% of the global traffic, while the annual RPKs grew by 20.2%.

Airlines in Europe have one of the oldest aircraft fleets in the world. In addition, several European countries' aging military aircraft fleets are also generating the demand for engine MRO. The replacement of aging aircraft and strict regulations for safety are other factors that fuel the market growth. Moreover, reconfigurations of cabin structures and systems installation offer MRO players market opportunities. In the military sector, several countries in the region are expanding their aircraft fleets, which is anticipated to further boost the growth of the aircraft engine MRO market during the forecast period.

Advanced technologies such as blockchain improve processes in MRO services. In the MRO market, there is enormous potential for blockchain. The adoption of blockchain technology has been low so far; however, soon, this technology will contribute a considerable share to the overall growth of the aircraft MRO market. It will allow companies to record the configuration information of MRO components. This also makes the documentation process effortless across component manufacturers and MRO service providers.

Moreover, the internal efficiency and maintenance of aircraft engines are a concern due to an alarmingly high incidence of recent airplane accidents caused by engine failure. This factor is fuelling the demand for aircraft engine MRO services, aiding the market's growth. However, the suspension of older commercial aircraft fleets is an obstacle to developing the European aircraft engine MRO market.

Europe Aircraft Engine MRO Market Trends

Commercial Aviation Segment is Projected to Dominate the Market During the Forecast Period.

The commercial aircraft segment currently dominates the market and is expected to continue its dominance during the forecast period. This was primarily due to increased worldwide airline purchases for newer aircraft to replace aging fleets and extend their service offering. The growing demand for commercial aviation results from increased global air passenger traffic, which has driven carriers to purchase new-generation aircraft to assure profitability. 

Airlines like Austrian Airlines, TAP Air Portugal, British Airways, Air France, Alitalia, Lufthansa, and KLM Royal Dutch Airlines are some airlines in the region with an average aircraft fleet age of more than 11 years, demanding higher aircraft engine MRO. Several airlines in Europe are adding newer aircraft to their fleets, which may further generate demand for the engine MRO over the next decade. For instance, in March 2023, The Lufthansa group ordered 22 more wide-body aircraft from Boeing and Airbus to replace older aircraft. In total, the order of 15 A350s from both variants and seven additional Boeing B787-9s is placed by Germany's Airlines Group. 108 long-haul orders, including the Airbus A350, the Boeing B787, and the Boeing B777X, are outstanding for this group. Such developments are expected to fuel the growth of the commercial segment in the market.

Europe Aircraft Engine MRO Market: Year-on-year Passenger Traffic Change of Commercial Airlines in Europe, 2018-2022

United Kingdom to Experience Significant Growth During the Forecast Period

The UK market is anticipated to register the highest CAGR during the forecast period owing to the robust procurement of commercial aircraft from the airlines due to the region's recovering passenger traffic. The UK military has more than 30 aircraft models in service for decades. Though the country is modernizing its aircraft fleet, several aircraft with the armed forces are over 30 years old. Rolls-Royce, one of the prominent players in the European aircraft engine MRO market, is based in the UK and is also a dominant player in the global aircraft engine MRO market. 

On the other hand, British Airways, the flag carrier of the UK, has an aircraft fleet with an average age of more than 17 years as of 2023. The airline is adding new aircraft to its fleet, which is expected to increase the demand for engine MRO in the country. For instance, In July 2022, IAG, the holding company of British Airways, ordered 37 A320neo family aircraft, including 12, by converting existing options to commercial orders for A321neos. IAG has planned to order 25 aircraft of the A320neo family, with the option of purchasing 50 additional aircraft. The orders will be delivered between 2025 and 2028 to replace A320ceo family aircraft in its short-haul fleet. Such contracts are expected to help the country's revenue growth during the forecast period.

In addition, the UK recorded the highest general aviation activity in the region, with business jet aviation and helicopter flying being the top activities in 2022. The region's higher general aviation flight activity is anticipated to generate a higher demand for engine MRO. All these factors are expected to bolster the market prospects of the UK in the years to come.

Europe Aircraft Engine MRO Market: Passenger seat occupancy of available airlines seats, United Kingdom, 2022

Europe Aircraft Engine MRO Industry Overview

The Europe aircraft engine MRO market is semi-consolidated with the presence of prominent players such as Safran, Rolls-Royce plc, Lufthansa Technik AG, Pratt & Whitney (RTX Corporation), Honeywell International Inc., and the General Electric Company are some of the prominent players in the market. The primary engine MRO providers are entering into long-term partnerships or forming joint ventures to grow their business presence and customer base. For instance, Lufthansa Technik formed joint ventures with various engine manufacturers, like Rolls-Royce plc, General Electric Company, and MTU Aero Engines AG, to provide engine MRO operations for customers in the European region. For instance, in September 2023, Air France and Airbus launched exclusive negotiations on a 50% Joint Undertaking in Component Maintenance Services to deal more effectively with the increasing longer-term maintenance needs of the Airbus A350. The agreement will provide supply chain management, repair, and the creation of a global pool of aircraft components. This agreement would bring together the expertise of AFI KLM E&M and Airbus. 

Forming partnerships also ensures that certain players maintain specific components with the proper knowledge. Players are focusing on utilizing advanced technologies like automation and artificial intelligence in their maintenance units, which help them increase productivity while reducing their maintenance costs, thereby boosting their profits in the long run. As per Statista, over 30 % of the aircraft engine servicing, repair, and overhaul MRO market from 2020 to 2029 is expected to be covered by General Electric Aviation. During the same period, CFM International will most likely supply 28 % of the MRO market for commercial aircraft.

Europe Aircraft Engine MRO Market Leaders

  1. Lufthansa Technik AG

  2. Rolls-Royce plc

  3. General Electric Company

  4. Safran

  5. Honeywell International Inc.

*Disclaimer: Major Players sorted in no particular order

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Europe Aircraft Engine MRO Market News

June 2023: TEISAS and GE Aerospace agreed to extend TEISAS's license to provide F110 depot-level maintenance services for several countries operating F16 and F15 fighter aircraft. The collaboration will further strengthen the relationship between TEI and its long-term partner, GE Aerospace, in the field of military engine services. TEI and GE Aerospace have successfully collaborated for many years and are now poised to play a critical role in supporting F110 engine support globally.

March 2023: GE Aerospace extended the service contract with aircraft engine and component manufacturer ITP Aero to perform MRO services for CT7 engines. Through the 5-year MRO service contract, ITP Aero will likely provide maintenance, repair, and overhaul services to the following GE-made engines: CT7-2A series, CT7-2E1 series, CT7-8A series, CT7-8E series, CT7-8F5 series, CT7-9B engines, and CT7-9C/9C3 engines series engines.

Europe Aircraft Engine MRO Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Engine Type

      1. 5.1.1 Turbine Engines

      2. 5.1.2 Piston Engines

    2. 5.2 Application

      1. 5.2.1 Commercial Aviation

      2. 5.2.2 Military Aviation

      3. 5.2.3 General Aviation

    3. 5.3 Geography

      1. 5.3.1 United Kingdom

      2. 5.3.2 Germany

      3. 5.3.3 France

      4. 5.3.4 Italy

      5. 5.3.5 Switzerland

      6. 5.3.6 Spain

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Lufthansa Technik AG

      2. 6.1.2 Rolls-Royce plc

      3. 6.1.3 Pratt & Whitney (RTX Corporation)

      4. 6.1.4 General Electric Company

      5. 6.1.5 Safran

      6. 6.1.6 IAG

      7. 6.1.7 MTU Aero Engines AG

      8. 6.1.8 Honeywell International Inc.

      9. 6.1.9 AIR FRANCE-KLM

      10. 6.1.10 TAP Maintenance & Engineering (TAP M&E)

      11. 6.1.11 Aero Norway

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Aircraft Engine MRO Industry Segmentation

The aircraft engine MRO study includes the engine maintenance, repair, and overhaul (MRO) operations of turbine and piston engine aircraft in the commercial, military, and general aviation industries. The market also includes component-level maintenance checks for engines. The study also considers helicopter engine MRO.

The European aircraft engine MRO market is segmented by engine type, application, and geography. By engine type, the market is segmented into turbine engines and piston engines. By application, the market is segmented into commercial aircraft, military aircraft, and general aviation aircraft. The report also offers the market size and forecasts for six countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Engine Type
Turbine Engines
Piston Engines
Application
Commercial Aviation
Military Aviation
General Aviation
Geography
United Kingdom
Germany
France
Italy
Switzerland
Spain
Rest of Europe
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Europe Aircraft Engine MRO Market Research FAQs

The Europe Aircraft Engine MRO Market size is expected to reach USD 10.19 billion in 2024 and grow at a CAGR of 4.33% to reach USD 12.51 billion by 2029.

In 2024, the Europe Aircraft Engine MRO Market size is expected to reach USD 10.19 billion.

Lufthansa Technik AG, Rolls-Royce plc, General Electric Company, Safran and Honeywell International Inc. are the major companies operating in the Europe Aircraft Engine MRO Market.

In 2023, the Europe Aircraft Engine MRO Market size was estimated at USD 9.75 billion. The report covers the Europe Aircraft Engine MRO Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Aircraft Engine MRO Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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Europe Aircraft Engine MRO Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)