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市场调查报告书
商品编码
1938366
飞机发动机租赁市场-全球产业规模、份额、趋势、机会及预测(按发动机类型、租赁期限、飞机类型、应用、地区和竞争格局划分,2021-2031年)Aircraft Engine Leasing Market - Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Engine Type, By Leasing Period, By Aircraft Type, By Application, By Region & Competition, 2021-2031F |
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全球飞机引擎租赁市场预计将从 2025 年的 111.7 亿美元成长到 2031 年的 155.6 亿美元,复合年增长率为 5.68%。
该市场为营运商提供飞机推进系统的策略性租赁服务,使其无需直接购买所需的大量资本投入,即可实现财务柔软性和营运连续性。推动这一成长的关键因素包括:为应对更长的维护週期,对备用引擎的需求不断增长;以及航空公司倾向于透过经营租赁来控制资产负债表债务。此外,新飞机交付的持续延迟迫使航空公司延长老旧飞机的使用寿命,从而导致对租赁发动机的需求增加,以在繁忙的检修週期中维持航班时刻表。
| 市场概览 | |
|---|---|
| 预测期 | 2027-2031 |
| 市场规模:2025年 | 111.7亿美元 |
| 市场规模:2031年 | 155.6亿美元 |
| 复合年增长率:2026-2031年 | 5.68% |
| 成长最快的细分市场 | 涡轴 |
| 最大的市场 | 亚太地区 |
然而,维护、修理和大修(MRO)行业的供应链严重中断显着延长了引擎的周转时间,对市场扩张造成了重大障碍。这种瓶颈限制了可供翻新的引擎数量,导致供需严重失衡。根据国际航空运输协会(IATA)预测,供应链限制预计将在2025年对航空业造成约26亿美元的损失,主要原因是航班中断导致引擎租赁成本增加。这种严重的库存短缺最终将限制市场充分利用当前高需求的能力。
供应链受限导致现有租赁协议延期,这是影响全球飞机引擎租赁市场的关键因素。新飞机交付持续延迟和维修週转时间延长造成了结构性供不应求,迫使营运商在原始租赁期限之外继续维护老旧资产。这种短缺使租赁方占据优势,增强了其对可用库存的定价权,因为航空公司正在竞相争夺运力。事实上,根据Avolon 2025年1月发布的《快速展望》报告,这种严重的短缺导致过去两年现有技术资产的市场租赁价格上涨了近50%。因此,航空公司不得不优先考虑延长租赁期限以确保机队连续性,这实际上透过延长租赁期限和提高资产利用率,推动了租赁方的收入成长。
同时,为支援维修车间的维护、修理和大修 (MRO) 而对备用引擎的需求激增,活性化了市场活跃度的提升。与新一代推进系统相关的耐久性问题导致引擎更换週期提前,迫切需要备用引擎以确保飞机在延长维护期间的正常运作。这一趋势直接提升了主要售后市场公司的财务表现。例如,赛峰集团在其2025年2月发布的「2024财年全年业绩」新闻稿中指出,其2024年商业售后市场收入成长了24.9%,主要得益于备件和支援需求的成长。为了掌握这一趋势,租赁公司正积极扩大交易量。据AerCap公司称,截至2025年1月,该公司已签署了496份2024年全年租赁协议,凸显了当前市场强劲的流动性和高周转率。
严重的供应链中断影响了维护、修理和大修 (MRO) 行业,严重阻碍了全球飞机发动机租赁市场的成长。这种运作瓶颈显着延长了引擎的周转时间,导致引擎长时间停留在维修厂,而非投入使用创造收益。因此,可用的运作引擎数量急剧减少,造成资产短缺。这种实体短缺使得租赁公司无法满足航空公司激增的需求,儘管租赁能力的需求强劲,但交易量和市场扩张却受到限制。
库存紧张的严重程度从近期因技术延误而停飞的资产数据中可见一斑。根据国际航空运输协会(IATA)统计,截至2024年底,约有700架飞机(约占全球民航机总数的2%)因发动机检查和维修延误而停飞。这种关键推进设备的短缺直接阻碍了租赁市场掌握当前机会的能力,因为可交易库存的匮乏限制了新租赁协议的签订数量。
引擎「运作时间」的策略性货币化正逐渐成为一项关键的资产管理策略,使租赁公司能够从成熟的资产组合中获得溢价,同时避免维护和维修 (MRO) 瓶颈。租赁公司不再等待发动机完全恢復性能,而是越来越多地拆解老旧的推进装置并回收可用的模组,从而为运营商提供一种即时、低成本的解决方案,以维持飞机的运作状态。事实证明,这种方法盈利丰厚。根据FTAI Aviation于2025年2月发布的「2024年第四季及全年业绩」新闻稿,该公司航太产品部门2024年净利达3.46亿美元,较上年增长92%,这主要得益于其模组化工厂模式的成功。
同时,新兴亚洲市场租赁业务的扩张正在重塑全球备用引擎库存的分布模式。印度和东南亚等地区快速发展的航空公司正积极寻求透过租赁方式备用能力,以支持机队的快速扩张并降低技术性停飞的风险。随着现有租赁公司与印度航空合作的加深,这种地域性转变愈发明显。根据SMBC航空发动机租赁公司2024年4月发布的新闻稿,该公司与印度靛蓝航空(IndiGo Airlines)签订了一份干租协议,租赁三台LEAP-1A发动机,这是该公司首次直接为支持靛蓝航空的业务扩张而进行的交易。
The Global Aircraft Engine Leasing Market is projected to expand from USD 11.17 Billion in 2025 to USD 15.56 Billion by 2031, registering a Compound Annual Growth Rate (CAGR) of 5.68%. This market involves the strategic rental of aircraft propulsion systems to operators, providing financial agility and operational continuity without the heavy capital investment needed for direct purchases. Key drivers fueling this growth include the rising need for spare engines to manage extended maintenance periods and a financial preference among airlines to limit balance sheet liabilities through operating leases. Additionally, ongoing delays in new aircraft deliveries have forced carriers to prolong the service life of aging fleets, thereby increasing the demand for leased engines to sustain flight schedules during rigorous overhaul cycles.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 11.17 Billion |
| Market Size 2031 | USD 15.56 Billion |
| CAGR 2026-2031 | 5.68% |
| Fastest Growing Segment | Turboshaft |
| Largest Market | Asia Pacific |
However, market expansion faces a substantial hurdle due to severe supply chain disruptions within the Maintenance, Repair, and Overhaul (MRO) sector, which have significantly extended engine turnaround times. This bottleneck limits the pool of available serviceable assets, creating a distinct imbalance between supply and demand. According to the International Air Transport Association (IATA), supply chain constraints are expected to cost the airline industry approximately $2.6 billion in 2025 specifically due to increased engine leasing costs resulting from operational interruptions. These critical inventory shortages ultimately restrict the market's capacity to fully leverage the prevailing high demand.
Market Driver
Supply chain limitations leading to the extension of existing lease agreements act as a dominant force shaping the Global Aircraft Engine Leasing Market. Persistent delays in new aircraft deliveries combined with prolonged maintenance turnaround times have established a structural supply deficit, compelling operators to keep older assets well beyond their original lease terms. This shortage has shifted leverage in favor of lessors, resulting in greater pricing power for available inventory as airlines compete for lift capacity; indeed, Avolon's '2025 Outlook: Fast Forward' report from January 2025 indicates that market lease rates for current-technology assets have risen nearly 50% over the last two years due to this acute scarcity. Consequently, airlines must prioritize lease extensions to guarantee fleet continuity, effectively driving revenue growth for lessors through extended rental periods and higher asset utilization.
Simultaneously, market activity is being intensified by a surging demand for spare engines to support MRO shop visits. Durability issues associated with next-generation propulsion systems have necessitated removals earlier than scheduled, creating an urgent need for spare units to keep aircraft operational during extended maintenance stops. This trend has directly bolstered the financial performance of major aftermarket players. For instance, Safran reported in its 'Full-year 2024 results' press release in February 2025 that civil aftermarket revenue grew by 24.9% in 2024, largely driven by this elevated demand for spares and support. To capitalize on these dynamics, lessors have aggressively increased transaction volumes; according to AerCap in January 2025, the company signed 496 lease agreements during the full year 2024, highlighting the robust liquidity and high turnover characterizing the current market.
Market Challenge
Severe supply chain disruptions impacting the Maintenance, Repair, and Overhaul (MRO) sector represent a formidable barrier to the growth of the Global Aircraft Engine Leasing Market. This operational bottleneck has drastically extended engine turnaround times, resulting in power plants remaining in repair facilities for significantly longer periods rather than generating revenue on the wing. As a result, the pool of serviceable spare engines has contracted sharply, causing a scarcity of available assets. This physical shortage prevents lessors from fulfilling the surging requests from airlines, effectively placing a ceiling on transaction volumes and market expansion despite the robust appetite for leased capacity.
The gravity of this inventory constraint is illustrated by recent industry data regarding assets grounded by technical delays. According to the International Air Transport Association (IATA), in late 2024, approximately 700 aircraft-representing roughly 2% of the global commercial fleet-remained parked specifically due to engine inspections and maintenance backlogs. This unavailability of essential propulsion units directly hampers the leasing market's ability to capitalize on current opportunities, as the lack of tradable inventory limits the number of new lease agreements that can be executed.
Market Trends
The strategic monetization of green-time engines has emerged as a vital asset management strategy, allowing lessors to generate premium value from mature portfolios while bypassing MRO bottlenecks. Instead of waiting for full performance restoration, lessors are increasingly dismantling older propulsion units to recover serviceable modules, offering operators immediate, lower-cost solutions to maintain fleet serviceability. This approach has proven highly lucrative; according to FTAI Aviation's 'Fourth Quarter and Full Year 2024 Results' press release in February 2025, the company's Aerospace Products segment achieved a net income of $346 million in 2024, marking a 92% year-over-year increase largely due to the success of its module factory model.
Concurrently, the expansion of leasing activity in emerging Asian markets is reshaping the global distribution of spare engine inventories. High-growth carriers in regions like India and Southeast Asia are aggressively securing leased spare capacity to support rapid fleet augmentation and mitigate technical grounding risks. This geographical pivot is evidenced by established lessors deepening their exposure to Indian operators. According to an April 2024 press release from SMBC Aero Engine Lease, the firm commenced dry operating leases of three LEAP-1A engines to IndiGo, establishing its first direct transaction with the airline to support its expanding operations.
Report Scope
In this report, the Global Aircraft Engine Leasing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Aircraft Engine Leasing Market.
Global Aircraft Engine Leasing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: