Narrowbody Fleet Growth Drives Asia-Pacific MRO Demand

Credit: AirAsia

Aviation Week’s 2023 Commercial Aviation Fleet and MRO Forecast projects that the Asia-Pacific region will account for 13% of the global narrowbody MRO market over the next decade, with more than 16,000 MRO events anticipated by 2032 and a healthy 8.8% compound annual growth rate.

The Asia-Pacific narrowbody fleet is forecast to climb to more than 5,000 active aircraft in 2032 from just over 2,400 in 2023—a 113% increase. This fleet expansion and commensurate utilization are projected to drive MRO spending up more than 61% by 2032.

The Airbus A320 will capture the of largest share of narrowbody MRO expenditures with 29.4% of the total market, according to the forecast, followed by the Boeing 737-800 with 25.4% and the Airbus A321neo with 11.1%.