In 2023, Italy led the European Sold Production of Overhaul and Conversion Services of Aircraft and Aircraft Engines with significant market value, followed by Germany and Romania. Notably, Italy experienced an 11.21% year-on-year increase, whereas Germany and Romania saw modest growth at 1.74% and 4.53%, respectively. Croatia and Lithuania registered positive growth, though from a smaller base, while Hungary and other smaller markets like Estonia and Denmark remained stagnant or declined.
Future trends to watch include continued growth in Italy, driven by its strong aerospace sector, and possible market expansion in Eastern Europe. Investments in sustainable aviation solutions might reshape service demand dynamics across the region.
Top countries in Sold Production of Overhaul and Conversion Services of Aircraft and Aircraft Engines by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 975,950,000 | 2023 | +16.81% | +11.21% | View data |
| 2 | 2 Germany | 124,380,000 | 2023 | -0.76% | +1.74% | View data |
| 3 | 3 Romania | 27,875,000 | 2023 | +6.92% | +4.53% | View data |
| 4 | 4 Croatia | 8,301,800 | 2023 | +5.54% | +1.67% | View data |
| 5 | 5 Lithuania | 109,150 | 2023 | -40.06% | +39.23% | View data |
| 6 | 6 Hungary | 105,720 | 2023 | +0.66% | -19.92% | View data |
| 7 | 7 Denmark | 75,040 | 2023 | +3.14% | View data | |
| 8 | 8 Estonia | 441 | 2023 | 0% | View data |
