Aircraft Maintenance, Repair & Overhaul in Canada - Industry Market Research Report

Clear skies: Rising travelers bolster air traffic to key locations, which is expected to instigate demand for MRO services at air transportation hubs

The Aircraft Maintenance, Repair and Overhaul industry in Canada has been hindered by the COVID-19 pandemic. Industry performance is directly tethered to air traffic patterns, which increases wear and tear on existing aircraft. Since all aircraft require regular maintenance, an increase in the number of flight hours per aircraft facilitates an increase in demand for maintenance, repair and overhaul (MRO) services. Aircraft maintenance, repair and overhaul revenue has been inching downward at a CAGR of 0.6% over the past five years and is expected to total $9.5 billion in 2023, when revenue is projected to jump an estimated 0.6%. Profit has also been declining amid rising purchase costs. This industry services, repairs, overhauls and maintains aircraft, except on a factory basis, while also providing ancillary support services for air transportation operations including inspections and testing, among other activities. This does not include providing janitorial and cleaning services for airlines or providing food catering services for airlines. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.