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Business Jets Boost Asia’s Engine MRO Market
Business aircraft engine MRO demand for the Asian region is projected to surpass $2.1 billion, with more than 2,850 service events through 2033. Aviation Week Network included Asia-Pacific, China, India and the Middle East in these figures.
The 2024 Aviation Week Network Business Aviation Fleet & MRO Forecast projects how the world’s aircraft fleet and aftermarket will evolve over the next 10 years. The business aircraft engine fleet is expected to grow from just over 4,360 engines in 2024 to at least 5,200 in 2033. This growth in engine fleet will translate directly to an increase in MRO demand in the region. Required MRO demand for business aircraft engines will grow at a healthy compound annual growth rate of 3.9%.
The forecast projects that the engine MRO market in this region will be dominated by Pratt & Whitney Canada with the PT6 and PW300, and by Rolls-Royce with the BR700 and Tay engines. Business aircraft in the region that will drive the largest amount of engine MRO demand are expected to be Textron Aviation with its Citation family of aircraft and Bombardier with the Global family of jets.
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