Aerospace MRO in North America

Aerospace MRO in North America

Summary

Aerospace MRO in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Aerospace MRO refers to the maintenance, repair, and overhaul of an aircraft or its parts. It includes all the actions that have the objective of retaining or restoring the items or components of an aircraft.
• The North American aerospace MRO market had total revenues of $45,447.2 million in 2023, representing a negative compound annual growth rate (CAGR) of 3.1% between 2018 and 2023.
• The civil aerospace segment accounted for the market's largest proportion in 2023, with total revenues of $29,547.2 million, equivalent to 65% of the market's overall value.
• The North American aerospace MRO market experiences robust growth driven by several interconnected factors, such as increasing defense spending, aging aircraft fleets, and stringent regulatory requirements. The upswing in defense spending enhances the need for MRO in military aviation assets, highlighting the market's resilience. For instance, according to GlobalData, Canadian government spending in the defense sector stood at $3.95 billion in 2023, an increase of 3.8% from the previous year.

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the aerospace mro market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace mro market in North America
• Leading company profiles reveal details of key aerospace mro market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America aerospace mro market with five year forecasts by both value and volume

• What was the size of the North America aerospace mro market by value in 2023?
• What will be the size of the North America aerospace mro market in 2028?
• What factors are affecting the strength of competition in the North America aerospace mro market?
• How has the market performed over the last five years?
• What are the main segments that make up North America's aerospace mro market?