Atherstone-based ANT Industries, a leading manufacturer of aero engine and gas turbine engine components, discusses the current aerospace aftermarket trend which has helped propel the firm to a record order book this year. As the industry experiences unprecedented demand for maintenance, repair, and overhaul (MRO) services, ANT Industries is capitalising on its expertise in producing high-quality components for Rolls-Royce Trent engines for wide-body aircraft, as well as Pratt & Whitney engines for the private jet industry. MRO (Maintenance, Repair, and Overhaul) firms are reaping significant benefits from the production challenges faced by Airbus and Boeing.
With fewer new aircraft being manufactured in the back end of 2024, airlines are relying more on older jets, which require increased maintenance and shop visits. In Boeing’s case, the IAM strike directly impacted its production of new planes. According to Aviation sources, the strike has led to a reduction in annual deliveries, with an estimated loss of one aircraft for every 1.75 to 2 days of the strike. So far in 2024, this has resulted in approximately 15 fewer deliveries, hence the growing demand for aftermarket parts.
Shaun Rowley, Managing Director of ANT Industries, attributes this milestone to the company’s agility in aligning with market needs. “The aerospace aftermarket is undergoing significant transformation,” Rowley remarked. “With resilient air travel demand and increased reliance on older aircraft, the industry is experiencing a surge in MRO activities. This environment has enabled us to strengthen partnerships with OEMs like Rolls-Royce and Pratt & Whitney, delivering components that meet the highest standards of precision and reliability.”
The commercial aerospace aftermarket has gained momentum as production delays at Airbus and Boeing have driven airlines to keep older fleets operational for longer periods. MRO demand is projected to grow by 3.2% annually from 2025-2034, with engine-focused services dominating the sector. Over this period, engine shop visits are expected to reach 150,000, generating $685.8 billion in revenue.
“The heightened focus on engine maintenance aligns perfectly with our capabilities,” Rowley explained. “We’ve strategically positioned ourselves to support the increasing number of shop visits and overhaul requirements. Our components are integral to extending the lifecycle and performance of these critical assets.”
Regionally, the Asia-Pacific and China markets are set to lead MRO growth, accounting for 29% of the forecasted demand, followed by Europe at 24% and North America at 22%. Despite this, Europe remains a cornerstone for ANT Industries, as it continues to meet the rigorous demands of European and transatlantic operators.
“We’re witnessing significant opportunities across both mature and emerging markets,” noted Rowley. “Our focus on innovation and quality ensures we’re well-equipped to cater to evolving global needs, from private aviation to commercial fleets.”
As the aerospace aftermarket shows no signs of slowing, ANT Industries plans to reinvest its record earnings into advanced manufacturing capabilities and workforce development. “This growth isn’t just about numbers; it’s about building a resilient and future-ready organisation,” Rowley stated. “Our commitment to excellence and adaptability has positioned us as a trusted partner in an industry undergoing rapid evolution.”