North American Aerospace MRO Market is Forecasted to Reach US$ 65.3 Billion by 2032, Says Stratview Research

The global north american aerospace MRO market is projected to witness a growth rate of 1.6% annually from 2024 to 2032, with an anticipated size of US$ 65.3 billion by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global north american aerospace MRO market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Market Size in 2024: 65.3 billion

Growth (CAGR): 1.6% during 2024-2032

Leading Aircraft Type: Military aircraft

 Leading MRO Type: Engine MRO

Leading Region: USA

Forecast Period: 2024-2032

Trend Period: 2017-2021

Base Year: 2024

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the North American Aerospace MRO Market:

The global north american aerospace MRO market is segmented based on aircraft type, MRO type and region.

Based on Aircraft type –

• The North American aerospace MRO market is segmented into commercial aircraft, turboprops, regional aircraft, military aircraft, and helicopters. Military aircraft are expected to remain dominant whereas commercial aircraft will be the fastest-growing aircraft type in the market during the forecast period.
• North America's military aircraft fleet is the world's largest, with 14,096 aircraft across the Army, Navy, and Air Force. In addition to that, governments allocate substantial budgets for defense operations in North America. As a result, there is a consistent demand for maintenance, repair, and overhaul services for military aircraft to ensure operational readiness and safety.
• The fastest growth for the MRO needs of commercial aircraft is primarily due to the expanding commercial aircraft fleet, increasing domestic and international air travel demand, growing aging aircraft fleet size, and investment in new aircraft.

Based on the MRO type –

• The market is segmented into airframe MRO, engine MRO, component MRO, and line MRO. Engine MRO is expected to remain the dominant and fastest-growing MRO type in the market during the forecast period. The demand for engine MRO is propelled during the forecast period by the concurrent development of new engine technologies, fleet expansion initiatives, and the implementation of stringent safety regulations.
• In addition to that, it is projected that the North American engine fleet will increase from 19,300 active engines in 2023 to 22,200 active engines in 2032. This will further strengthen the demand for engine MRO during the forecast period.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

"The USA is expected to maintain its reign over the forecast period, whereas Mexico is likely to grow at the fastest rate".

• In terms of countries, the USA is expected to remain the largest market for North American aerospace MRO during the forecast period. The USA's dominant position in the aviation industry is significantly bolstered by several key factors, including its expansive fleet size, robust aviation infrastructure, extensive network of airports, well-established maintenance facilities, and highly efficient logistics infrastructure.
• In addition to that, the presence of a huge number of MRO providers and airlines in the country is expected to fuel the market during the forecast period. Mexico, particularly driven by Growing investment projects by multinational aerospace companies, is expected to grow at the fastest rate during the forecast period.

North American Aerospace MRO Market Drivers:

Some of the key drivers listed in the report are given below

• Aging commercial aircraft fleet requiring extensive maintenance and upgrades
• Increasing air passenger traffic across North American aviation networks
• Stringent FAA safety regulations mandating regular aircraft maintenance checks
• Growing military aircraft modernization and readiness enhancement programs
• Rising adoption of predictive maintenance technologies improving MRO efficiency

Competitive Landscape: Top Companies in the North American Aerospace MRO Market:

The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the North American aerospace MRO market. Some of the major players are providing a complete range of services including engine and airframe.

• AAR Corp.
• Ametek MRO
• Airbus
• Aviation Technical Services, Inc.
• The Boeing Company
• Delta TechOps (Delta Air Lines, Inc.)
• General Electric Company (GE)
• Honeywell Aerospace 
• RTX Corporation
• Safran Group

Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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