In 2023, Italy significantly led the European market for aircraft and aircraft engine overhaul and conversion services, showing an 11.21% year-on-year growth. Germany and Romania are other key players, with small but positive growths of 1.74% and 4.53%, respectively. Croatia, while smaller, showed a modest increase. Conversely, countries like Hungary experienced a notable decline of 19.92%. Lithuania showed the most impressive growth at 39.23% but remains one of the smaller players in absolute terms. Smaller markets like Denmark and Estonia remained static or negligible.
Looking ahead, key trends to watch include potential shifts in market share due to advancements in sustainable aviation technologies and geopolitical factors impacting supply chains and partnerships. Italy is poised to maintain its dominance, but evolving repair technologies and cost efficiencies in emerging markets could reshape geographic balances within Europe.
Top countries in Sold Production of Overhaul and Conversion Services of Aircraft and Aircraft Engines Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 81.69 | 2023 | +16.81% | +11.21% | View data |
| 2 | 2 Germany | 10.41 | 2023 | -0.76% | +1.74% | View data |
| 3 | 3 Romania | 2.33 | 2023 | +6.92% | +4.53% | View data |
| 4 | 4 Croatia | 0.69 | 2023 | +5.54% | +1.67% | View data |
| 5 | 5 Lithuania | 0.009 | 2023 | -40.06% | +39.23% | View data |
| 6 | 6 Hungary | 0.009 | 2023 | +0.66% | -19.92% | View data |
| 7 | 7 Denmark | 0.006 | 2023 | +3.14% | View data | |
| 8 | 8 Estonia | 0 | 2023 | 0% | View data |
