Narrowbody Fleet Drives Australian MRO Growth
The Australian narrowbody MRO market is projected to account for nearly 5% of the total Asia-Pacific region narrowbody MRO market over the next decade. Australia is expected to receive 160 new aircraft by 2032, which equates to a compound annual growth rate (CAGR) of 0.9%, according to the 2023 Aviation Week Commercial Aviation Fleet & MRO Forecast.
The active Australian narrowbody engine fleet will increase to just over 660 active engines in 2032, the forecast indicates.
Australian single-aisle engine MRO expenditures are expected to increase at a 2.4% CAGR by 2032, with total demand reaching $3.1 billion in constant U.S. dollar terms, driven by more than 900 engine maintenance events.
The forecast projects that Boeing-built aircraft will be responsible for the majority of the narrowbody MRO expenditures, capturing 49% of the total market, followed by Airbus (47%).