Global spending on maintenance of commercial aircraft in 2019 will be $81.9 billion, according to an Oliver Wyman forecast prepared for the U.S.’s Aeronautical Repair Station Association. The total spend will break down into $21.1 billion for airframes and modifications, 33.4 billion for engine work, $13.8 for component maintenance and $13.7 billion for line maintenance.
These spending totals are driven by a 4.5% growth in commercial fleets, to nearly 27,500 aircraft in service during 2019. About 1,250 aircraft will be removed from service between 2018 and 2019, and a little over 2,400 will be added to fleets. More than 1,000 aircraft will be sent to storage, versus 665 removed from storage, according to the consultancy. During 2019, 25 aircraft will be stored for conversion to freighters and 69 freighter conversions will be completed.
Wyman sees fleet growth remaining strong, averaging 3.6% annually over the next ten years over the
This is an industry with a strong international flavor. Regionally, North American companies provides $10.6 billion of MRO currently supplied. Western Europe accounts $15.5 billion in MRO supply. Asia Pacific, excluding China, represents $7.9 billion in maintenance supply.
And, at least in a very mature market, MRO relies on many independent companies. Within the U.S. Oliver Wyman estimates 11% of maintenance workers are employed by airlines, 24% by part manufacturers and distributors and 65% by Part 145 repair stations.