Frost & Sullivan analysts identify top MRO companies

Business consulting firm Frost & Sullivan reveals that the maintenance, repair, and overhaul (MRO) market experienced substantial growth in line with global fleet expansion. As the market worth $75 billion continues to increase for aircraft maintenance, MROs are adjusting capacity to meet the surging demand through the adoption of digital transformation, technology innovation, efficiencies, mergers, consolidations, buy-outs, and alliances. Airlines are spinning off their maintenance divisions into separate MRO entities to produce fresh revenue streams as original equipment manufacturers (OEMs) jockey for additional market share.

The recently released “Commercial Aircraft Maintenance, Repair, and Overhaul Market Frost Radar” provides results from an in-depth analysis that evaluated more than 100 companies in the MRO industry.

The Frost Radar team’s goals:

• Identify the most cutting-edge, innovative platforms, including those most poised for growth and ripe for investment

• Understand how companies benchmark against each other in their ability to expand against a backdrop of industry transformation and evolution

• Help end users and industry leaders responsible for making technology solution decisions and selecting providers to build long-term relationships

The team of industry analysts identified 17 industry leaders excelling at innovation, poised for growth, and ripe for investment, recognizing their strengths and opportunities for the future:

• AAR Corp.

• Aeroman

• AFI KLM E&M

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• Aviation Technical Services

• Etihad Airways Engineering

• Evergreen Aviation Technologies Corp. (EGAT)

• Flightstar

• GAMECO

• GMF AeroAsia

• HAECO

• Lufthansa Technik

• Mexicana MRO

• Sabena Technics

• SR Technics

• ST Engineering

• TAP M&E

• Turkish Technic