Depending on who you talk to, the global MRO market (engine and airframes combined) is currently worth anywhere from $50.0 billion (Frost & Sullivan) to upwards of $55 billion-$60 billion (FL Technics). What these experts agree on is that the market is definitely growing. For instance, Frost & Sullivan's Wayne Plucker (the company's industry manager, Aerospace & Defense) sees the global MRO market as "being worth $62 billion in five years time," up more than $10 billion from his current $50.0 billion estimate. Of course, some areas are growing faster than others. Specifically, "The North American and European markets are showing slow growth rates while the growth in Asia and the Middle East are accelerating," said Marcel Versteeg. He is owner and managing director of VZM Management Services, an aviation consultancy based in Sassenheim, The Netherlands.
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