Following the MRO forecast that over 8,800 shop visits and engine overhauls are expected in 2024, and nearly 9,000 for 2025 the aviation sector gears up for an era of extended asset life.
The surge in overhauls anticipated further highlights the significance of efficient MRO in asset management. Almost 7,700 engine overhauls are anticipated globally in 2023, and even greater numbers are projected for 2024 and 2025, totaling over 8,800 and nearly 9,000 shop visits, respectively. Engine MRO is expected to be worth roughly 45% of the entire commercial aftermarket. Global engine shop visits are still below pre-COVID-19 levels despite attempts to increase capacity, with the industry seeking to reach pre-pandemic levels by the second half of 2024. The engine MRO supply chain has seen ongoing difficulties, such as OEM manufacturing limitations, protracted lead times, and material shortages made worse by international events. The aftermarket must increase efficiency and cost containment to meet demand into 2024 and 2025.