Aircraft Maintenance, Repair & Overhaul in the US - Industry Market Research Report

Aircraft Maintenance, Repair & Overhaul in the US - Industry Market Research Report

Aircraft Maintenance, Repair & Overhaul in the US

Over the past five years, the Aircraft Maintenance, Repair and Overhaul industry exhibited positive revenue performance due to a sharp increase in consumer air travel toward the end of the period. Industry servicers deliver support services to aircraft operators. Key services include aircraft inspection and testing; ferrying aircraft between departure gates and taxiways; aircraft maintenance and repair; and aircraft and parts overhaul. As a result, industry demand is directly linked to performance within the broader group of air traffic industries. Sharply reduced air travel due to the negative effects of the COVID-19 pandemic on consumer activity and reduced revenue in 2020. Nonetheless, improving economic conditions led to a pickup in air travel and, in turn, aircraft usage. As a result, industry revenue grew at a CAGR of 8.9% to $33.2 billion over the past five years, including a 4.7% gain in 2023.

Companies in this industry provide support services to air transportation operators, such as aircraft inspection and testing, ferrying aircraft between departure gates and taxiways, aircraft maintenance and repair and aircraft and parts overhaul. The main industry services are commonly referred to as maintenance, repair and overhaul (MRO). This industry only includes specialized MRO operations and excludes work conducted in factories.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."