The North America maintenance, repair, and operations (MRO) market size was valued at USD 116.75 Billion in 2024. The market is further projected to grow at a CAGR of 2.30% between 2025 and 2034, reaching a value of USD 146.56 Billion by 2034.
A key trend in the North America maintenance, repair, and operations (MRO) market is the adoption of smart technology to track performance and maintenance needs of equipment. Predictive maintenance, unlike traditional preventive maintenance uses sensors and smart technology to overcome inefficiencies of the traditional approach, such as unnecessary replacement of parts, excessive downtime and inaccurate inventory levels. With the advancement in technology, sensors and the Internet of Things (IoT) has become more accessible and inexpensive. This technological adoption allows manufacturers to efficiently track equipment performance and maintenance needs and identify and plan for maintenance, repair and replacement before visible defects occur.
According to the North America maintenance, repair, and operations (MRO) market analysis, MRO services are crucial in the aerospace and defence sector. The main activities of MRO providers include the maintenance, servicing and repairing of engines, components, and other systems. Additionally, services providers also engage in aircraft line maintenance, aircraft ferrying services, as well as inspection and testing services. In 2022, the Canadian aerospace manufacturing and MRO sectors contributed USD 9.22 billion to the Canadian economy. The defence sector accounts for more than 25% of Canada's MRO activities.
A key trend in the North America maintenance, repair, and operations (MRO) market is the adoption of smart technology to track performance and maintenance needs of equipment. Predictive maintenance, unlike traditional preventive maintenance uses sensors and smart technology to overcome inefficiencies of the traditional approach, such as unnecessary replacement of parts, excessive downtime and inaccurate inventory levels. With the advancement in technology, sensors and the Internet of Things (IoT) has become more accessible and inexpensive. This technological adoption allows manufacturers to efficiently track equipment performance and maintenance needs and identify and plan for maintenance, repair and replacement before visible defects occur.
According to the North America maintenance, repair, and operations (MRO) market analysis, MRO services are crucial in the aerospace and defence sector. The main activities of MRO providers include the maintenance, servicing and repairing of engines, components, and other systems. Additionally, services providers also engage in aircraft line maintenance, aircraft ferrying services, as well as inspection and testing services. In 2022, the Canadian aerospace manufacturing and MRO sectors contributed USD 9.22 billion to the Canadian economy. The defence sector accounts for more than 25% of Canada's MRO activities.
Market Segmentation
North America Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.Market Breakup by Provider
- OEM
- Aftermarket
Market Breakup by End Use
- Manufacturing
- Construction
- Mining
- Aerospace and Defence
- Automotive
- Food and Beverages
- Pharmaceuticals
- Chemical
- Oil and Gas
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The key players in the maintenance, repair, and operations (MRO) market in North America are providing high-quality MRO services to increase the operational efficiency of the end use industries.- General Electric Company
- Johnson Controls International plc
- Safran SA
- Rolls-Royce plc
- Caterpillar Inc.
- AAR Corp.
- Ferguson Enterprises, LLC
- Singapore Technologies Engineering Ltd.
- WESCO International, Inc.
- Sonepar SAS
- MRC Global Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Maintenance, Repair, and Operations (MRO) Market Overview
6 North America Maintenance, Repair, and Operations (MRO) Market Overview
7 North America Maintenance, Repair, and Operations (MRO) Market by Provider
8 North America Maintenance, Repair, and Operations (MRO) Market by End Use
9 North America Maintenance, Repair, and Operations (MRO) Market by Country
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- General Electric Company
- Johnson Controls International plc
- Safran SA
- Rolls-Royce plc
- Caterpillar Inc.
- AAR Corp.
- Ferguson Enterprises, LLC
- Singapore Technologies Engineering Ltd.
- WESCO International, Inc.
- Sonepar SAS
- MRC Global Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 116.75 Billion |
| Forecasted Market Value ( USD | $ 146.56 Billion |
| Compound Annual Growth Rate | 2.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
