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By Bryan Corliss

April 12, 2023, © Leeham News: – MRO operators foresee double-digit growth in the rest of 2023 – as long as they can get the spare parts they need.

That’s the finding from RBC Capital Market’s latest quarterly survey of commercial aerospace MRO companies.

“The outlook remains robust,” RBC analyst Ken Herbert wrote, in a report sent to clients this week. Based on the survey results, RBC projected overall MRO sales and parts purchases increased 18% in the first quarter, with the strongest growth in Asia and Europe. 

Much of that was driven by the engine market, where demand is up 20%, he wrote. 

However, “spare part availability and material lead times, followed by ongoing labor shortages, remain the key risks to the 2023 outlook,” Herbert wrote.

The survey gathered responses from about 40 global MRO companies, parts distributors and OEMs in early April.

• Engines powering confidence
• Six-month outlook ‘bullish’ for spare parts
• Supply chain, labor remain key risks