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North America Aircraft MRO Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Aircraft Type, and End-User

  • ID: 5359787
  • Report
  • June 2021
  • Region: North America
  • 124 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
Engine MRO Segment to Dominate North America Aircraft MRO Market during 2020-2028



According to this research study titled “North America Aircraft MRO Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Component, Aircraft Type, and End-User,” the market is expected to reach US$ 18.29 billion by 2028 from US$ 13.51 billion in 2021. The market is estimated to grow at a CAGR of 4.4 % from 2021 to 2028. The report provides trends prevailing in the North America aircraft MRO market along with the drivers and restraints pertaining to the market growth. Increasing demand for MRO services and rise of digital technology for MRO industry are the major factor driving the growth of the North America aircraft MRO market. However, growing share of original equipment manufacturers (OEMs) in the aftermarket hinders the growth of North America aircraft MRO market.

In case of COVID-19, North America is highly affected specially the US, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders during 2020. The majority of the manufacturing plants were either temporarily shut or operating with minimum staff; the supply chain of components and parts is disrupted in 2020. Since the US has a larger density of aircraft OEMs, component manufacturers, and airports, the outbreak has severely affected the production and revenue generation of each. The lower number of manufacturing staff has resulted in lesser production quantity. On the other hand, the suspension of air travel resulted in loss for the airlines, which restricted the demand for airline associated services. This factor stalled the revenue generation stream of the aircraft MRO market. Thus, the factors mentioned above have had a negative impact on the aircraft MRO market.

The North America aircraft MRO market has been segmented on the basis on component, aircraft type, end-user, and country. Based on component, the market has been segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment dominated the North America aircraft MRO market in 2020 and is also expected to be fastest growing during forecast period. The market by aircraft type has been bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment dominated the North America aircraft MRO market in 2020 and rotary wing aircraft segment is expected to be fastest growing during forecast period. Further, based on end-user, it has been categorized into commercial and military. The commercial segment dominated the North America aircraft MRO market in 2020 and military segment is expected to be fastest growing during forecast period.

AAR; Barnes Group Inc.; Collins Aerospace; Delta TechOps; FLTechnics, UAB.; GE Aviation; Lufthansa Technik; Rolls-Royce plc.; and Singapore Technologies Engineering Ltd are among the leading companies in the North America aircraft MRO market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Barnes Aerospace is expanding its maintenance, repair, and overhaul facility in West Chester, Ohio. The West Chester MRO operation specializes in a variety of critical machining functions and extensive inspection applications for the global aviation industry.

North America Aircraft MRO Market, By Country, 2020 and 2028 (%)

Source: The Publisher's Analysis

The report segments the North America Aircraft MRO Market as follows:

North America Aircraft MRO Market - By Component
  • Engine MRO
  • Avionics MRO
  • Airframe MRO
  • Cabin MRO
  • Landing Gear MRO
  • Others
North America Aircraft MRO Market - By Aircraft Type
  • Fixed Wing Aircraft
  • Rotary Wing Aircraft
North America Aircraft MRO Market - By End-User
  • Commercial
  • Military
North America Aircraft MRO Market - By Country
  • US
  • Canada
  • Mexico
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • MORE
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Aircraft MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. North America Aircraft MRO Market - Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Demand for MRO Services
5.1.2 Rise of Digital Technology for MRO Industry
5.2 Restraints
5.2.1 Growing Share of Original Equipment Manufacturers (OEMs) In the Aftermarket
5.3 Opportunities
5.3.1 Growing Use of Retrofitting Technologies for Improved Aircraft
5.4 Future Trends
5.4.1 Blockchain Technology Changing the MRO Landscape
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft MRO Market - North America Analysis
6.1 North America Aircraft MRO Market Overview
6.2 North America Aircraft MRO Market Revenue Forecast and Analysis

7. North America Aircraft MRO Market Revenue and Forecast to 2028 - By Component
7.1 Overview
7.2 North America Aircraft MRO Market Breakdown, by Component, 2020 and 2028
7.3 Engine MRO
7.3.1 Overview
7.3.2 Engine MRO Market Forecast and Analysis
7.4 Avionics MRO
7.4.1 Overview
7.4.2 Avionics MRO Market Forecast and Analysis
7.5 Airframe MRO
7.5.1 Overview
7.5.2 Airframe MRO Market Forecast and Analysis
7.6 Cabin MRO
7.6.1 Overview
7.6.2 Cabin MRO Market Forecast and Analysis
7.7 Landing Gear MRO
7.7.1 Overview
7.7.2 Landing Gear MRO Market Forecast and Analysis
7.8 Others
7.8.1 Overview
7.8.2 Others Market Forecast and Analysis

8. North America Aircraft MRO Market Revenue and Forecast to 2028- By Aircraft Type
8.1 Overview
8.2 North America Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028
8.3 Fixed Wing
8.3.1 Overview
8.3.2 Fixed Wing Market Forecast and Analysis
8.4 Rotary Wing
8.4.1 Overview
8.4.2 Rotary Wing Market Forecast and Analysis

9. North America Aircraft MRO Market Revenue and Forecast to 2028- By End-User
9.1 Overview
9.2 North America Aircraft MRO Market Breakdown, by End-User, 2020 and 2028
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Forecast and Analysis
9.4 Military
9.4.1 Overview
9.4.2 Military Market Forecast and Analysis

10. North America Aircraft MRO Market - Country Analysis
10.1 Overview
10.1.1 North America: Aircraft MRO Market, by Key Country
10.1.1.1 US: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 US: Aircraft MRO Market, by Component
10.1.1.1.2 US: Aircraft MRO Market, by Aircraft Type
10.1.1.1.3 US: Aircraft MRO Market, by End-User
10.1.1.2 Canada: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Canada: Aircraft MRO Market, by Component
10.1.1.2.2 Canada: Aircraft MRO Market, by Aircraft Type
10.1.1.2.3 Canada: Aircraft MRO Market, by End-User
10.1.1.3 Mexico: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Mexico: Aircraft MRO Market, by Component
10.1.1.3.2 Mexico: Aircraft MRO Market, by Aircraft Type
10.1.1.3.3 Mexico: Aircraft MRO Market, by End-User

11. North America Aircraft MRO Market - COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition

13. Company Profiles
13.1 AAR
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Barnes Group Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GE Aviation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FLTechnics, UAB.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Singapore Technologies Engineering Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Lufthansa Technik
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Delta TechOps
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rolls-Royce plc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Collins Aerospace
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index

List of Tables
Table 1. North America Aircraft MRO Market Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: Aircraft MRO Market, by Country - Revenue and Forecast to 2028 (US$ Billion)
Table 3. US: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 4. US: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 5. US: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 6. Canada: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 7. Canada: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 8. Canada: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 9. Mexico: Aircraft MRO Market, by Component - Revenue and Forecast to 2028 (US$ Billion)
Table 10. Mexico: Aircraft MRO Market, by Aircraft Type - Revenue and Forecast to 2028 (US$ Billion)
Table 11. Mexico: Aircraft MRO Market, by End-User - Revenue and Forecast to 2028 (US$ Billion)
Table 12. List of Abbreviation

List of Figures
Figure 1. North America Aircraft MRO Market Segmentation
Figure 2. North America Aircraft MRO Market Segmentation - By Country
Figure 3. North America Aircraft MRO Market Overview
Figure 4. North America Aircraft MRO Market, by Component
Figure 5. North America Aircraft MRO Market, by Aircraft Type
Figure 6. North America Aircraft MRO Market, by End-User
Figure 7. North America Aircraft MRO Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. North America Aircraft MRO Market- Ecosystem Analysis
Figure 10. North America Aircraft MRO Market Impact Analysis of Driver and Restraints
Figure 11. North America Aircraft MRO Market Revenue Forecast and Analysis (US$ Billion)
Figure 12. North America Aircraft MRO Market Breakdown, by Component, 2020 and 2028(%)
Figure 13. North America Engine MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 14. North America Avionics MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 15. North America Airframe MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 16. North America Cabin MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 17. North America Landing Gear MRO Market Revenue and Forecast to 2028 (US$ Bn)
Figure 18. North America Others Market Revenue and Forecast to 2028 (US$ Bn)
Figure 19. North America Aircraft MRO Market Breakdown, by Aircraft Type, 2020 and 2028 (%)
Figure 20. North America Fixed Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 21. North America Rotary Wing Market Revenue and Forecast to 2028 (US$ Bn)
Figure 22. North America Aircraft MRO Market Breakdown, by End-User, 2020 and 2028(%)
Figure 23. North America Commercial Market Revenue and Forecast to 2028 (US$ Bn)
Figure 24. North America Military Market Revenue and Forecast to 2028 (US$ Bn)
Figure 25. North America: Aircraft MRO Market, by Key Country - Revenue (2020) (USD Billion)
Figure 26. North America: Aircraft MRO Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Canada: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Mexico: Aircraft MRO Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
Note: Product cover images may vary from those shown
  • AAR
  • Barnes Group Inc.
  • Collins Aerospace
  • Delta TechOps
  • FLTechnics, UAB.
  • GE Aviation
  • Lufthansa Technik
  • Rolls-Royce plc.
  • Singapore Technologies Engineering Ltd
Note: Product cover images may vary from those shown
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