Ok, so just a quick history lesson. Over the past twenty years, fleet growth and, consequently, MRO growth has been driven by emerging economies, far less than by North America or Western Europe. The composition of the fleet, the operator types, the way they purchase maintenance, the level of MRO outsourcing, inventory in the supply chain, the role of the OEMs in the aftermarket, etc. have continued to evolve since 9/11 and the 2008 Financial Crisis.
As you can see below, North America and Europe’s share of the air transport fleet (active & stored) has fallen from 71% in 2001 to 52% in 2020.
Why does this matter? Because we should pay attention to how airlines and MROs are performing in growth economies, and, how traffic is returning – since it’s these regions that have significant new aircraft backlogs and are driving the aftermarket growth going forward #Aerospace #Aviation #MRO #NAVEO
