What Might We See In Regional MRO In 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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Middle East

About 30 aircraft will retire from Middle Eastern airline fleets in 2021

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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