Stately Paced Growth For Europe’s MRO

By Sean Broderick
Source: Aviation Week & Space Technology
September 30, 2013

Stagnation in Europe's airline industry will keep the region's aftermarket needs growing at below the world average for the next decade, even as Eastern Europe continues to blossom, analysts at last week's MRO Europe event in London projected.

Europe's MRO market—what is generated by its operators, as opposed to what is conducted in the region—will grow 2.9% annually, climbing to $21.8 billion in 2023 from $16.9 billion this year, says Chris Doan, CEO of consulting firm TeamSAI. This is a tad below the global figure of 3.1% per year through the decade as revenues move to $76 billion from $56.2 billion, he notes.

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