Aviation Week data points to approximately 30, 608 MRO events over the next decade. 5,044 engines are forecast to be in-service by the year 2027. Given the maturity of the engine, and new orders taking a backseat to newer models such as the LEAP and PW1000G, the global V2500 fleet is forecast to decline by 2.4% over 10 years.
High Volumes Of V2500s Will Leave The Global Fleet
Aviation Week estimates that approximately 1,432 engines will leave the global fleet over the next decade to be retired. An estimated 6,304 engines are flying in 2018, but by 2027, this will decrease to 5,785.
The Market Will Peak In 2021
Despite being nearly 30 years' old as a program, and with retirements anticipated, the V2500 engine won't reach its peak until 2021. Aviation Week data says the engine's MRO value will reach $3.7 billion three years from now.
North America Will Be The Largest V2500 Region
North America is expected to be the largest MRO market for the V2500 up to 2027. Aviation Week estimates its market value will stand at $22.1 billion. Following North America is Western Europe, which will be worth an estimated $17.6 billion.