The turnover for the repair and maintenance of aircraft and spacecraft in Germany has shown fluctuating growth over the years. In 2023, the sector stood at 13.74 billion Euros. Notably, year-on-year growth rates have varied significantly, with strong growth observed between 2017 and 2019, disrupted by a sharp decline in 2020 due to the global pandemic. Recovery started in 2021, followed by steady growth through 2023. Over the last two years, the turnover increased by 35% from 2021 to 2022 and by 14.65% from 2022 to 2023. The five-year CAGR up to 2023 was 6.3%. Forecasts predict a growth trajectory from 2024 with a 4.52% CAGR over the next five years.
Future trends to watch for include technological advancements in maintenance practices, shifts in the global aircraft industry impacting service demand, and regulatory changes influencing operational standards. The sector's resilience in adapting to these changes will be crucial for sustained growth.
