The turnover for Repair and Maintenance of Aircraft and Spacecraft in Italy has experienced significant fluctuations from 2013 to 2023. Between 2013 and 2019, the industry saw overall growth, peaking in 2019. However, this was followed by sharp declines in 2020 and 2021 due to the pandemic's impact, with a slight recovery trend emerging by 2022. In 2023, the turnover stood at 175.5 million euros, showing a marginal decline of 1.35% compared to the previous year. Over the last five years, the industry has faced a compound annual growth rate (CAGR) decline of 8.52%. The forecast for 2024 to 2028 anticipates continued downturns, with an annual average decline rate of 6.2%, resulting in a significant cumulative decrease over the coming five years.
Future trends to watch for include the adoption of advanced maintenance technologies, shifts in airline fleet sizes and compositions, and potential regulatory changes impacting the aerospace sector. Market recovery will also be influenced by economic conditions and the pace of technological innovations in the repair and maintenance landscape.
