Top 10 Asia-Pacific MRO Countries

The Philippines will generate $6.4 billion over a 10-year period, with engine and component work generating the most spend.

Thailand, which is vying to become a growing destination for MRO in Asia-Pacific, is projected to have an overall aftermarket value of $8.9 billion over the next decade.

Malaysia, which is looking to boost its MRO industry, has a market value of $10.7 billion.

From 2019-2028, Australia is expected to have an MRO industry spend of $12.7 billion as the Asia-Pacific fleet grows.

Among the fastest growing countries in Asia-Pacific is Indonesia, home to the domestic-based GMF AeroAsia and European companies such as FL Technics. Aviation Week forecasts a $14.8billion MRO value over the next decade.

Korea is home to a number of MROs, airlines and OEMs. Aviation Week values its aftermarket at $15.3 billion over the next decade.

Singapore, a regional hub of MRO and aircraft leasing, will generate an MRO demand of $15.9 billion over the next 10 years. The country is a hotbed of Western-Eastern joint ventures, while its two largest MRO providers, SIA Engineering and ST Aerospace have looked westward for new opportunities.

Hong Kong, home to one of the world's largest MROs in HAECO, has an overall MRO spend value of $16.9 billion from now to 2028. It is increasingly becoming a repair center for neighbouring China's fleet.

Japan, a hub of manufacturing including its foray back into commercial aviation in the Space Jet, is also a hive of MRO activity. With an estimated $22.8 billion MRO demand, the country is expected to see a lot of engine repairs over the next decade.