North America Aircraft Maintenance Repair Overhaul (MRO) Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, General Aviation), By Country, Competition Forecast & Opportunities, 2018-2030
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNorth America Aircraft Maintenance Repair Overhaul (MRO) Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, Others), By End User (Commercial, Military, General Aviation), By Country, Competition Forecast & Opportunities, 2018-2030
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 4.50 Billion |
| CAGR (2023-2028) | 9.78% |
| Fastest Growing Segment | Commercial |
| Largest Market | United States |
North America Aircraft Maintenance Repair Overhaul (MRO) Market is growing due to increasing trend toward aircraft fleets and maintenance industry.
In North America 968 general aviation piston aircrafts sold in 2021 contributing to nearly 69% of overall piston aircraft sold globally. Also, North America turboprop aircrafts sales increased to 277 in 2021. To provide better MRO services, governments in North America are heavily investing on aviation infrastructure. Many aircraft operators are developing the airports into MRO facilities by integrating all the found at resources, facilities, and warehouses in order to provide fast and high-quality services. Due to rising costs for aircraft upgrading as per rules and regulations, and environmental concerns for the retirement of aging fleets, several engine development initiatives are being implemented.
North American nation’s economic expansion has slowed down as a result of the COVID-19 outbreak. The aviation industry was significantly impacted by this economic downturn. Due to the COVID-19 pandemic, countries in North America, have greatly constrained economic activity as well as the movement of people and goods, which has slowed the expansion of the North American aviation MRO business.
Increasing Demand from Aging Aircraft Fleet
The size of the aircraft fleet in North America is one of the largest in the world. With the advancement of design and manufacturing technologies, aircraft are becoming more dependable. Faster plane adoption is also being driven by airline firms' desire to utilize more fuel-efficient planes, which has increased fleet size and increased demand for used aircraft parts. Because older aircraft require greater MRO services in a shorter timeframe, the MRO market in North America is expanding. Moreover, the demand for aircraft MRO services is anticipated to be driven by the need for maintenance and repair of aircraft in developed regional markets such as North America.
Development in Digital Technology
The aircraft MRO industry has seen a significant transformation as a result of digital technology such as
Rising Overall Cost of MRO Service
In the coming years, high maintenance costs are anticipated for commercial aircraft MRO. Component maintenance is a crucial aspect of the sector and occurs more frequently than other categories of maintenance work. Because of the price increases, there is now more competition in the market and less profit for the existing players. Leading industry companies are facing increased component cost, such as aircraft parts and replacement parts, as well as wages for aircraft technicians. These excessive expenditures are slowing down the expansion of the North American Aircraft MRO business.
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Market Segmentation
Company Profiles
Safran SA, Lockheed Martin Corporation, GE Aviation, Delta TechOps, Rolls-Royce plc, Collins Aerospace, Bombardier Inc., Lufthansa Technik, AAR Corp., and Collins Aerospace are the key players developing advanced technologies to stay competitive in the market and enhance their product portfolio in the region to increase their customer outreach.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2030 |
|
Quantitative Units |
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2030 |
|
Report Coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments Covered |
By Aircraft Type By Component By End User By Country
|
|
Country Scope |
United States,
Mexico, Canada |
|
Key Companies Profiled |
Safran SA, Lockheed Martin Corporation, GE Aviation, Delta
TechOps, Rolls-Royce plc., Collins Aerospace, Bombardier Inc., Lufthansa
Technik, AAR Corp., Collins Aerospace |
|
Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/pdf format on
special request) |
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