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市場調查報告書
商品編碼
1938366
飛機引擎租賃市場-全球產業規模、佔有率、趨勢、機會及預測(按引擎類型、租賃期限、飛機類型、應用、地區和競爭格局分類,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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全球飛機引擎租賃市場預計將從 2025 年的 111.7 億美元成長到 2031 年的 155.6 億美元,複合年成長率為 5.68%。
該市場為營運商提供飛機推進系統的策略性租賃服務,使其無需直接購買所需的大量資本投入,即可實現財務柔軟性和營運連續性。推動這一成長的關鍵因素包括:為應對更長的維護週期,對備用引擎的需求不斷成長;以及航空公司傾向於透過經營租賃來控制資產負債表債務。此外,新飛機交付的持續延遲迫使航空公司延長老舊飛機的使用壽命,從而導致對租賃引擎的需求增加,以在繁忙的檢修週期中維持航班時刻表。
| 市場概覽 | |
|---|---|
| 預測期 | 2027-2031 |
| 市場規模:2025年 | 111.7億美元 |
| 市場規模:2031年 | 155.6億美元 |
| 複合年成長率:2026-2031年 | 5.68% |
| 成長最快的細分市場 | 渦軸 |
| 最大的市場 | 亞太地區 |
然而,維護、修理和大修(MRO)行業的供應鏈嚴重中斷顯著延長了引擎的周轉時間,對市場擴張造成了重大障礙。這種瓶頸限制了可供翻新的引擎數量,導致供需嚴重失衡。根據國際航空運輸協會(IATA)預測,供應鏈限制預計將在2025年對航空業造成約26億美元的損失,主要原因是航班中斷導致引擎租賃成本增加。這種嚴重的庫存短缺最終將限制市場充分利用當前高需求的能力。
供應鏈受限導致現有租賃協議延期,這是影響全球飛機引擎租賃市場的關鍵因素。新飛機交付持續延遲和維修週轉時間延長造成了結構性供不應求,迫使營運商在原始租賃期限之外繼續維護老舊資產。這種短缺使租賃方佔據優勢,增強了其對可用庫存的定價權,因為航空公司正在競相爭奪運力。事實上,根據Avolon 2025年1月發布的《快速展望》報告,這種嚴重的短缺導致過去兩年現有技術資產的市場租賃價格上漲了近50%。因此,航空公司不得不優先考慮延長租賃期限以確保機隊連續性,這實際上透過延長租賃期限和提高資產利用率,推動了租賃方的收入成長。
同時,為支援維修車間的維護、修理和大修 (MRO) 而對備用引擎的需求激增,活性化了市場活躍度的提升。與新一代推進系統相關的耐久性問題導致引擎更換週期提前,迫切需要備用引擎以確保飛機在延長維護期間的正常運作。這一趨勢直接提升了主要售後市場公司的財務表現。例如,賽峰集團在其2025年2月發布的「2024會計年度全年業績」新聞稿中指出,其2024年商業售後市場收入成長了24.9%,主要得益於備件和支援需求的成長。為了掌握這一趨勢,租賃公司正積極擴大交易量。據AerCap公司稱,截至2025年1月,該公司已簽署了496份2024年全年租賃協議,凸顯了當前市場強勁的流動性和高周轉率。
嚴重的供應鏈中斷影響了維護、修理和大修 (MRO) 行業,嚴重阻礙了全球飛機引擎租賃市場的成長。這種運作瓶頸顯著延長了引擎的周轉時間,導致引擎長時間停留在維修廠,而非投入使用創造收益。因此,可用的運作引擎數量急劇減少,造成資產短缺。這種實體短缺使得租賃公司無法滿足航空公司激增的需求,儘管租賃能力的需求強勁,但交易量和市場擴張卻受到限制。
庫存緊張的嚴重程度從近期因技術延誤而停飛的資產數據中可見一斑。根據國際航空運輸協會(IATA)統計,截至2024年底,約有700架飛機(約佔全球民航機總數的2%)因引擎檢查和維修延誤而停飛。這種關鍵推進設備的短缺直接阻礙了租賃市場掌握當前機會的能力,因為可交易庫存的匱乏限制了新租賃協議的簽訂數量。
引擎「運作時間」的策略性貨幣化正逐漸成為一項關鍵的資產管理策略,使租賃公司能夠從成熟的資產組合中獲得溢價,同時避免維護和維修 (MRO) 瓶頸。租賃公司不再等待引擎完全恢復性能,而是擴大拆解老舊的推進裝置並回收可用的模組,從而為運營商提供一種即時、低成本的解決方案,以維持飛機的運作狀態。事實證明,這種方法盈利豐厚。根據FTAI Aviation於2025年2月發布的「2024年第四季及全年業績」新聞稿,該公司航太產品部門2024年淨利達3.46億美元,較上年成長92%,這主要得益於其模組化工廠模式的成功。
同時,新興亞洲市場租賃業務的擴張正在重塑全球備用引擎庫存的分佈模式。印度和東南亞等地區快速發展的航空公司正積極尋求透過租賃方式備用能力,以支持機隊的快速擴張並降低技術性停飛的風險。隨著現有租賃公司與印度航空合作的加深,這種地域性轉變愈發明顯。根據SMBC航空引擎租賃公司2024年4月發布的新聞稿,該公司與印度靛藍航空(IndiGo Airlines)簽訂了一份乾租協議,租賃三台LEAP-1A引擎,這是該公司首次直接為支持靛藍航空的業務擴張而進行的交易。
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: