Nearly three years after a historic period of crisis began and following a clear stretch of recovery, the global commercial aftermarket world is in another distinct phase: execution. And while key underlying factors such as robust demand suggest it should be easier than the previous two years, the reality may prove different."We are not so much limited and concerned about the demand side," MTU Chief Program Officer Michael Schreyoegg said at the company's investor day in November. "We are currently more concerned about the fulfillment side-spare part availability and our own capacity."Concerns over pre-pandemic-like sustained growth are gone. The global aftermarket sector has rattled off several consecutive quarters of impressive sequential growth in the high single-digit to low double-digit range. Third-quarter 2022 MRO provider survey data compiled by RBC Capital Markets points to growth of about 13% in 2023, as demand continues to rise and the few remaining weak links such as international long-haul begin to strengthen.Providers large and small report full shops. Lufthansa Technik is among them, and the company sees the trend continuing for the next 3-4 years, says Marcus Motschenbacher, the company's vice president and chief commercial officer for aircraft maintenance services.
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