China Aircraft Maintenance, Repair, and Overhaul Market
China is expected to become the world’s largest maintenance, repair and overhaul (MRO) market with a projected value of $23 billion by the end of 2030.
China is projected to become the world’s largest market for air travel by 2030, with a forecasted 10.5% annual compound growth rate. The competition in China’s MRO space is intensifying as firms from emerging economies in the region such as Thailand and Indonesia begin entering the market. In addition, several Chinese airlines have developed their own MRO departments.
Although no longer required by law, many foreign MRO suppliers have chosen to remain in joint ventures with local MRO facilities in the belief that this will help them compete more effectively and obtain orders from domestic airlines and state-owned aircraft manufacturers.
While growth is expected across the MRO market in China, the component, engine repair, and line and airframe segments are expected to experience the most growth and present the greatest opportunity for U.S. MRO firms. This growth will be driven by the entry of newer aircraft with more technologically-sophisticated engines into China’s air fleet.
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