Asia-Pacific Engine MRO Demand To Pass $101 Billion Through 2033

Commercial engine MRO demand for the Asia-Pacific region is projected to pass $101 billion, with more than 22,000 engine service events through 2033.

The 2024 Aviation Week Network Commercial Aviation Fleet & MRO Forecast projects how the world’s aircraft fleet and aftermarket will evolve over the next 10 years. The region’s commercial aircraft fleet is expected to grow to over 7,600 in 2033 from just over 4,900 aircraft in 2024—a nearly 56% rise in fleet strength. This translates to a jump in engine MRO demand over the same period. Required engine MRO demand for the region is projected to grow at a respectable compound annual growth rate of 1.7%.

The forecast projects the Asia-Pacific market to be split closely, with Rolls-Royce engines accounting for the largest portion of engine MRO demand at 27.1% of the market, followed closely by CFM International (26.9%) and General Electric (26.5%).