The United States Aircraft Maintenance Repair and Overhaul Market Size was valued at USD 8.9 Billion in 2022. The Aircraft Maintenance Repair and Overhaul Market industry is projected to grow from USD 9.3 Billion in 2023 to USD 13.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032). Increasing demand for air travel, fleet expansion, stringent regulations, and requirements for aircraft safety and maintenance are the main market drivers anticipated to propel the aircraft maintenance repair and overhaul market in the United States.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
One of the primary factors driving the growth of the Aircraft Maintenance Repair and Overhaul Market CAGR is the increasing demand for air transport. The aircraft MRO industry is primarily driven by increased demand for air transportation, both for passengers and cargo. As economies grow and disposable incomes rise, air travel becomes more accessible and affordable to a larger range of people. Also, emerging countries are rapidly urbanizing and becoming more connected, increasing demand for air travel. Airlines expand their fleets and schedule more flights to meet increased demand. As the number of operational aircraft grows, so does the demand for maintenance, repair, and overhaul services. MRO firms are critical to ensuring the safety and airworthiness of these rising fleets.
Airlines must comply to severe regulatory requirements established by aviation authorities in order to continue operations. Routine inspections, maintenance checks, and repairs are frequently required to ensure an aircraft's airworthiness. Airlines can meet these criteria with the support of MRO services, which also ensure that their aircraft are in top shape and safe to travel. The demand for air travel is increasing, resulting in more aircraft use and more frequent maintenance cycles. Airlines require MRO services to undertake routine inspections, deal with wear and tear, and handle any problems that may arise during operation. Service providers help to improve the overall safety, performance, and availability of aircraft in the continually evolving aviation industry by providing trustworthy and effective MRO solutions. Moreover, emerging technology and nondestructive testing for inspection and repair have recently become popular, as major service providers around the world want more technologically advanced testing. Non-Destructive Testing (NDT) is an effective approach for detecting tiny flaws or damage in aerospace materials or components over their operating life without jeopardizing the item's integrity. As a result, given the high testing benefits of cutting-edge technology, the market is predicted to expand significantly throughout the forecast period, driving the market revenue.
Aircraft Maintenance Repair and Overhaul Types Insights
The United States Aircraft Maintenance Repair and Overhaul Market segmentation, based on Types, includes Engine, Line, Airframe and Other Components. The engine category had the largest market share in 2023. OEM involvement in engine maintenance activity is a crucial driver in the expansion of the aircraft MRO market. Engine MRO involves both field and depot maintenance. Engines, parts, and sub-assemblies are extensively maintained, repaired, and completely rebuilt at the depot level. Field-level maintenance includes both shop work and on-site maintenance tasks.
Aircraft Maintenance Repair and Overhaul Applications Insights
The United States Aircraft Maintenance Repair and Overhaul Market segmentation, based on Applications, includes Commercial Aircraft and Military Aircraft. The commercial aircraft sector accounted for the greatest market share in 2022 and is expected to grow at the fastest CAGR over the forecast period, owing to increased aircraft deliveries and air travel. The expansion of the global air fleet is driving up demand for aircraft components in MRO.
Figure 1: United States Aircraft Maintenance Repair and Overhaul Market, Applications, 2023 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Aircraft Maintenance Repair and Overhaul Country Insights
The United States Aircraft Maintenance Repair and Overhaul (MRO) Market is a sizable and growing business. With a strong aviation sector and a big fleet of aircraft, demand for MRO services remains constantly high. Factors driving the market include the necessity for frequent maintenance and repairs to maintain aircraft safety and regulatory compliance. The United States is home to several large MRO service companies that provide a wide range of services, such as engine maintenance, component repair, and airframe maintenance. The market is very competitive, with an emphasis on technology developments and efficiency improvements to suit the expanding demands of the aviation industry.
Recent News:
Heli-One, a global provider of rotor-wing maintenance, repair, and overhaul (MRO) services, announced in 2023 that it is expanding its partnership with ITP Aero, a global leader in the rotor-wing engine market, to provide novel and additional MRO products and services to their joint global customer base. The companies provide a wide range of complementary services and have a history of collaborating extensively to support Heli-One's sister company, CHC Helicopter. This current arrangement will broaden their collaboration to assist military, para-public, and private aircraft fleets in North America, Europe, the Middle East, and the Asia-Pacific region.
In 2023, AAR CORP., a leading provider of aviation services to commercial and government operators, MROs, and OEMs, will purchase Triumph Product Support for $725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits worth around $80 million. Including the estimated tax savings, the effective purchase price multiple is expected to be 11.7x FY2024 EBITDA and 9.9x with $10 million in estimated run-rate synergies. Triumph Product Support is a prominent global provider of specialist maintenance, repair, and overhaul services for important aircraft components in both commercial and defense markets. The company offers MRO services for structural components, engine and airframe accessories, interior refurbishment, and wheels.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aircraft Maintenance Repair and Overhaul Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Aircraft Maintenance Repair and Overhaul industry must offer cost-effective items.
Major players in the Aircraft Maintenance Repair and Overhaul Market are attempting to increase market demand by investing in research and development operations, including Aar Corporation, Delta TechOps (delta Corporation ltd), Mexicana MRO Services, TAECO, LufthansaTechnik, Ameco, Turkish Technik AG, United Technologies Corporation, Aeroman, GAMECO, Air France Industries, SR Technics, Sabena Technics, Aviation Technical Service, Singapore Technologies Aerospace Ltd
Key Companies in the Aircraft Maintenance Repair and Overhaul Market include
In November 2021, Safran Landing Systems secured a five-year contract with Chinese airline China Eastern to maintain the landing gear on 31 Airbus A330 aircraft. These operations will take done in Safran's Singapore workshop.
In October 2021, AAR, a leading provider of MRO services to commercial and government operators, said that it has inked an agreement with flydubai to replenish its power-by-the-hour (PBH) component pool and offer repair support for the airline's Boeing 737NG fleet. The new five-year contract continues a cooperation that began in 2016 to offer comprehensive rotating component support for flydubai's 737NG fleet.
In December 2021, Frontier Airlines chose Lufthansa Technik to repair and overhaul 21 CFM56-5B engines and provide Mobile Engine Services. Over the next five years, Lufthansa Technik will execute engine overhauls and surgical repairs on Frontier's 112 Airbus A320 family aircraft. Lufthansa Technik will refurbish the engines in Hamburg, Germany, while surgical repairs will be performed locally at the company's facility in Tulsa, Oklahoma.
Aircraft Maintenance Repair and Overhaul Type Outlook
Aircraft Maintenance Repair and Overhaul Applications Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 8.9 Billion |
| Market Size 2023 | USD 9.3 Billion |
| Market Size 2032 | USD 13.8 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Applications, and Region |
| Countries Covered | United States |
| Key Companies Profiled | Aar Corporation, Delta TechOps (delta Corporation ltd), Mexicana MRO Services, TAECO, LufthansaTechnik, Ameco, Turkish Technik AG, United Technologies Corporation, Aeroman, GAMECO, Air France Industries, SR Technics, Sabena Technics, Aviation Technical Service, Singapore Technologies Aerospace Ltd |
| Key Market Opportunities | Adoption of advanced technologies like predictive maintenance and data analytics for more efficient MRO operations |
| Key Market Dynamics | Growing air travel demand and the expansion of airline fleets. |
Frequently Asked Questions (FAQ) :
The United States Aircraft Maintenance Repair and Overhaul Market size was valued at USD 9.3 Billion in 2023.
The market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.
The key players in the market are Aar Corporation, Delta TechOps (delta Corporation ltd), Mexicana MRO Services, TAECO, LufthansaTechnik, Ameco, Turkish Technik AG, United Technologies Corporation and others.
The engine overhaul category dominated the market in 2023.
The commercial aircraft category had the largest share of the market.
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