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Aviation Engine MRO (Maintenance, Repair, and Overhaul) Industry Research Report 2024: A $47.74 Billion Market by 2029, Airlines are Enhancing Operations with MRO Partnerships [Yahoo! Fina...
Last ge aerospace earnings: 4/30 04:02 pm
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US:NYSE Investor Relations: ge.com/investor-relations/overview
Dublin, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The "Aviation Engine MRO Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering. The Aviation Engine MRO Market was valued at USD 37.11 Billion in 2023, and is expected to reach USD 47.74 Billion by 2029, rising at a CAGR of 4.29% The aviation engine MRO (Maintenance, Repair, and Overhaul) sector plays a vital role in ensuring the operational efficiency and safety of aircraft worldwide. The market is driven by the increasing global aircraft fleet and the growing demand for fuel-efficient and technologically advanced engines. Airlines are focusing on outsourcing MRO services to specialized providers to reduce costs and enhance efficiency. This outsourcing trend, coupled with the growing complexity of modern engines, has led to increased reliance on third-party and OEM-authorized service providers, propelling market growth. Predictive maintenance powe
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