What Might We See In Regional MRO In 2021?

January 12, 2021

Aviation Week forecasts indicate that about half of the aircraft stored during the early stages of the COVID-19 pandemic will return to service by 2023.

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North America

Total MRO demand for the region in 2021 should be $17.4 billion.

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Latin America

Engine MRO will constitute 42% of the region’s MRO demand in 2021

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Europe

Expect Europe to accept 432 new aircraft deliveries in 2021

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Africa

MRO demand in Africa should be about $2.4 billion in 2021

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Sanad Aerotech

Sanad Aerotech operates from Abu Dhabi and repairs several commercial engine types including the GEnx, Trent 700, V2500 and more recently, the LEAP engine.

China

Line maintenance will generate $1.6 billion in 2021, but then increase 
to $1.7 billion in 2022

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India

Aviation Week predicts the MRO growth rate to be 10.4% over the next decade

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Asia-Pacific

Expect MRO demand to be $12 billion in 2021

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All eyes are on the rate of recovery for airlines—and their fleet plans. Expect airlines to retire less efficient aircraft or those that do not fit into their long-term plans. This will lead to increased teardowns and more used serviceable material on the market in 2021 and 2022.

Read the full article - Worldwide 2021 Outlook For MRO By Region, by Lee Ann Shay