North America Commercial Aircraft MRO Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the North America Commercial Aircraft MRO Market

North America Commercial Aircraft MRO Market is witnessing development as on 22 April 2021, VSE stated that it has been awarded new contracts by the United States Air Force and a foreign ally of the United States government. Both contracts call for maintenance and repair work to begin in the second quarter of this year. On 30 July 2021 it was announced that under a two-year deal, PAE's aviation and technical services division will assist the US Navy in maintaining F-5F Tiger II and F-5N Freedom fighter aircraft. The industry is also witnessing infrastructural growth as The City of Pensacola and ST Engineering North America celebrated the groundbreaking for a new aircraft maintenance hangar at the Pensacola International Airport on July 01, 2021.

Mergers And Acquisition:

• On 22 Dec 2020, Monocle Acquisition Corp., a special purpose acquisition company, and AerSale Corp., an integrated, diversified global leader in aviation aftermarket goods and services, announced today that their business combination has been completed.
• On 06 Dec 2020, AAR CORP. announced that it has agreed to buy Summa Technology, Inc. in a formal merger agreement.
• On 01 Sept 2020, Private investment firm Architect Equity completed the acquisition of global firm AAR’s aerospace composites business.

North America Commercial Aircraft MRO Market Synopsis

North America commercial aircraft MRO (Maintenance, Repair, and Overhaul) market is the leading region in global commercial aircraft MRO market and is further expected to grow due to rise in government budget allocated to the aviation industry to approximately $10 million in 2018 which would pave the way for MRO market to expand. Growing awareness regarding recycling and repairing parts from existing aircraft to reduce costs would give a boost to the MRO market.

According to 6Wresearch, the North America Commercial Aircraft MRO Market size is projected to witness significant growth during 2019-25. According to the Federal Aviation Administration of the US, the aviation industry grew by 3% approximately in 2017 augmenting the growth of the MRO market. The United States government has also introduced various initiatives to encourage the MRO market, such as ensuring that adequate space is allocated at various airports within the country for MRO and this might lead to an enhancement of the commercial aircraft MRO market in the years to come.

Based on type, engine maintenance would account for the largest commercial aircraft MRO market share. Although engines which are fuel-efficient, are operating at higher temperatures and pressures, resulting in more expenditure to restore and replace increasingly exotic and expensive materials. Airframe maintenance holds the second largest share as, though it has a lower unit cost, but requires heavy maintenance with intervals stretching to 12 years.

The North America Commercial Aircraft MRO market report thoroughly covers the market by types and countries including the US and Canada. The North America Commercial Aircraft MRO market outlook report provides an unbiased and detailed analysis of the ongoing North America Commercial Aircraft MRO market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

In North America, the aircraft MRO market has described the maintenance of the repair and overhaul to aircraft, repair, and overhaul (MRO) as the key activity in the lifecycle of aircraft it helps in increasing the economic condition. As long as the operational lifetimes are to increase the cost of living also increases. The MRO is to maintain a safe system and functional condition so that they can able to fulfil the operational role they will design easily. The report is covered four market factors such as line, component, airframe, and engine.

The North America aircraft MRO Market Report Scope

According to the research report the North American market, Mexico, Canada, United States. The report categorizes the market based such as manufacturers, types, applications, and countries.

The North America commercial aircraft MRO market is anticipated to witness increased growth in the coming years on the back of rising technical advancements in the aircraft industries in the developed economies across the region. Further, rising efforts to increase fuel efficiency, expansion of existing airlines, increase in air fleets, and launch of new airlines are the expected drivers of the North America commercial aircraft MRO market and are expected to proliferate potential growth of the market in the foreseeable future. Since the cost of expansion and increasing the effectiveness of the existing air fleets is cheaper than the purchase of new air fleets, the demand for commercial aircraft MRO’s demand is fuelling at a faster pace and is anticipated to register sound market growth in the coming years.

Key Highlights of the Report:

• North America Commercial Aircraft MRO Market Overview
• North America Commercial Aircraft MRO Market Outlook
• North America Commercial Aircraft MRO Market Forecast
• Historical Data of North America Commercial Aircraft MRO Market Revenues & Volume for the Period 2015-2018
• North America Commercial Aircraft MRO Market Size and North America Commercial Aircraft MRO Market Forecast of Revenues & Volume, Until 2025
• Historical Data of North America Commercial Aircraft MRO Market Revenues and Volume, By Types, for the Period 2015-2018
• Market Size & Forecast of North America Commercial Aircraft MRO Market Revenues and Volume, By Types, Until 2025
• Historical Data of The United States Commercial Aircraft MRO Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the United States Commercial Aircraft MRO Market Revenues and Volume, Until 2025
• Historical Data of Canada Commercial Aircraft MRO Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Canada Commercial Aircraft MRO Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• North America Commercial Aircraft MRO Market Price Trends
• North America Commercial Aircraft MRO Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Commercial Aircraft MRO Market Share, By Countries
• North America Commercial Aircraft MRO Market Share, By Players
• North America Commercial Aircraft MRO Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America Commercial Aircraft MRO Market report provides a detailed analysis of the following market segments:

By Types:

• Engine
• Airframe
• Component
• Line
• Others

By Countries:

• United States
• Canada
• Rest of North America

Frequently Asked Questions About the Market Study (FAQs):