Industry experts from CAVOK and AeroDynamic Advisory analyze the commercial MRO market at MRO Americas 2019.
ATLANTA–The commercial aftermarket’s positive state of health is tipped to continue for years to come, but analysts have warned factors such as access to labor and supply chain bottlenecks could present challenges.
Speaking at MRO Americas in Atlanta on Tuesday (April 9), Dave Marcontell, general manager at CAVOK, the technical consulting division of Oliver Wyman, describes the global MRO industry as being in a “strong and sound” state overall.
This year, Marcontell says the global fleet of just more than 27,000 aircraft will result in a total MRO spend of $82 billion, according to CAVOK research. With the global fleet predicted to climb to just below 40,000 by 2029, he believes this will climb further to $116 billion by that time – representing an annual growth rate of 3.5%. Kevin Michaels, managing director of AeroDynamic Advisory, says the consultancy estimates an MRO industry value of just over $74 billion, with engines accounting for around 40% of this.