MRO sector sees growth continuing throughout 2023, according to survey

A survey of maintenance, repair and overhaul (MRO) businesses shows them looking forward to double-digit growth in 2023. Published by RBC Capital Markets, the survey findings had MRO companies suggesting their growth prospects depended on them acquiring enough parts and spares, with the wider aviation industry warning of supply chain hold-ups and production backlogs. But the overall outlook” remains robust,” according to RBC analyst Ken Herbert, discussing the latest quarterly survey findings in a report sent to clients, in which RBC projected MRO sales and parts purchases to have climbed by 18% in the first quarter of 2023.