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
North America Aircraft MRO Market - By Aircraft Type
North America Aircraft MRO Market - By End-User
North America Aircraft MRO Market - By Country
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
Table of Contents
1. Introduction
3. Research Methodology
4. North America Aircraft MRO Market Landscape
5. North America Aircraft MRO Market - Key Market Dynamics
6. Aircraft MRO Market - North America Analysis
7. North America Aircraft MRO Market Revenue and Forecast to 2028 - By Component
8. North America Aircraft MRO Market Revenue and Forecast to 2028- By Aircraft Type
9. North America Aircraft MRO Market Revenue and Forecast to 2028- By End-User
10. North America Aircraft MRO Market - Country Analysis
11. North America Aircraft MRO Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AAR
- Barnes Group Inc.
- Collins Aerospace
- Delta TechOps
- FLTechnics, UAB.
- GE Aviation
- Lufthansa Technik
- Rolls-Royce plc.
- Singapore Technologies Engineering Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 13.51 Million |
| Forecasted Market Value ( USD | $ 18.29 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | North America |
