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Air Transport MRO Market to expand at a CAGR of 4.8% in future

Future Market Insights (FMI), an ESOMAR-certified consulting organization, estimates that the worldwide air transport MRO market will reach $72.6 billion in 2021. The market is expected to grow at a 4.8 percent CAGR during the assessment period, thanks to steadily rising air travel and freight transit rates.

Due to travel limitations established to combat the new coronavirus outbreak, sales of air transport MRO services decreased in 2020. However, with the restart of movement, the market grew by 5.0 percent year over year between 2020 and 2021.

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