The maintenance, repair, and overhaul (MRO) market in India was estimated to be worth around 1.4 billion U.S. dollars in 2023. Engines had the highest MRO market size of around 600 million U.S dollars and was expected to increase to over 2.5 billion dollars in 2033. The total MRO market size was expected to reach 4.5 billion U.S dollars in 2033. The reason for this spike was the increased fleet size in the country. In order to boost and support this sector, the government reduced the goods and service tax from 18 percent to five percent, since March 2020.
Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category
(in billion U.S. dollars)
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Oliver Wyman. (March 3, 2023). Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/
Oliver Wyman. "Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category (in billion U.S. dollars)." Chart. March 3, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/
Oliver Wyman. (2023). Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/
Oliver Wyman. "Maintenance, Repair and Overhaul (Mro) Market Size in India from 2020 to 2023 with Estimate of 2033, by Category (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Mar 2023, https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/
Oliver Wyman, Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/ (last visited November 21, 2024)
Maintenance, repair and overhaul (MRO) market size in India from 2020 to 2023 with estimate of 2033, by category (in billion U.S. dollars) [Graph], Oliver Wyman, March 3, 2023. [Online]. Available: https://www.statista.com/statistics/1189827/india-estimated-mro-market-size-by-category/
