In 2023, Germany led the European repair and maintenance market of aircraft and spacecraft with a turnover of 52.18 million Euros, reflecting a 6.3% increase year-on-year. The United Kingdom followed with 20.34 million Euros despite a 1.84% decline. Hungary saw a notable 12.4% rise to 8.14 million Euros. France witnessed a significant decline of 10.21%, with a turnover of 4.52 million Euros. Spain also saw a slight decrease of 1.15% to 2.27 million Euros.
Countries like Belgium, Portugal, Finland, and Lithuania experienced positive growth rates of 6.94%, 8.65%, 6.69%, and 5.81%, respectively. Poland showed an 8.98% increase, and Bulgaria had a remarkable growth of 20.58%. Conversely, Italy and Sweden had substantial reductions with 8.52% and 10.28% decreases. The smaller markets such as Slovakia, Slovenia, Austria, Cyprus, Iceland, and Croatia also saw varying degrees of turnover with both positive and negative trends.
Looking ahead, future trends to watch in the European repair and maintenance market for aircraft and spacecraft include digital transformation, the adoption of more sustainable and eco-friendly repair practices, and the potential impacts of geopolitical factors on market dynamics. Growth opportunities may arise from increased investment in these areas, potentially boosting economies with smaller current shares like Bulgaria and Poland.
Top countries in Repair and Maintenance of Aircraft and Spacecraft Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 52.18 | 2023 | +14.65% | +6.3% | View data |
| 2 | 2 United Kingdom | 20.34 | 2023 | +1.02% | -1.84% | View data |
| 3 | 3 Hungary | 8.14 | 2023 | +25.12% | +12.4% | View data |
| 4 | 4 France | 4.52 | 2023 | -4.6% | -10.21% | View data |
| 5 | 5 Spain | 2.27 | 2023 | +9.5% | -1.15% | View data |
| 6 | 6 Norway | 1.78 | 2023 | +0.19% | +0.49% | View data |
| 7 | 7 Belgium | 1.38 | 2023 | +4.54% | +6.94% | View data |
| 8 | 8 Portugal | 1.36 | 2023 | +6.5% | +8.65% | View data |
| 9 | 9 Finland | 1.31 | 2023 | +4.87% | +6.69% | View data |
| 10 | 10 Lithuania | 0.86 | 2023 | +13.42% | +5.81% | View data |
