From 2013 to 2023, the turnover in the repair and maintenance of aircraft and spacecraft in Finland has seen significant fluctuations. The sector experienced a dramatic drop in 2017 followed by a substantial recovery, peaking in 2023 at 342.1 million Euros, with notable year-on-year growth fluctuating substantially due to various market influences. Key points include a historic peak year-on-year increase in 2018 (+313.19%) and a sharp decline in 2020 (-20.34%) likely linked to global disruptions. The latest data from 2023 showed a more moderate year-on-year increase of 4.87%.
Future trends to watch for include improved stability with forecasted annual growth rates pointing to a more controlled and steady increase. The forecasted CAGR for 2024-2028 is expected at 3.41%, indicating a more conservative yet positive trend. Factors such as technological advancements, regulatory changes, and economic conditions will be critical to monitor moving forward.
