Pratt’s PW1000 Poised To Drive Nearly $20 Billion In MRO Demand

Pratt & Whitney PW1000 engine MRO is projected to account for 4% of the worldwide engine aftermarket with more than 5,200 engine service events through 2032. MRO spending for the platform likely will display a very aggressive 37.8% compound annual growth rate.

The 2023 Aviation Week Commercial Fleet & MRO Forecast projects how the world’s aircraft fleet and aftermarket will evolve over the next 10 years. The active PW1000 engine fleet is projected to increase to more than 14,200 in 2032 from just over 4,000 active engines in 2023—a 245% increase in fleet strength during the period. This fleet growth and the expected commensurate utilization are forecast to drive MRO spending upward by nearly 1,700% over 10 years.

The forecast projects that engines powering the Airbus A320neo will account for the majority of engine MRO expenditures, capturing about 47% of the total market, followed by the A321neo (around 31%) and A220-300 (approximately 10%).