
North America Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034
Description
The North America maintenance, repair, and operations (MRO) market size was valued at USD 116.75 Billion in 2024. The market is further projected to grow at a CAGR of 2.30% between 2025 and 2034, reaching a value of USD 146.56 Billion by 2034.
A key trend in the North America maintenance, repair, and operations (MRO) market is the adoption of smart technology to track performance and maintenance needs of equipment. Predictive maintenance, unlike traditional preventive maintenance uses sensors and smart technology to overcome inefficiencies of the traditional approach, such as unnecessary replacement of parts, excessive downtime and inaccurate inventory levels. With the advancement in technology, sensors and the Internet of Things (IoT) has become more accessible and inexpensive. This technological adoption allows manufacturers to efficiently track equipment performance and maintenance needs and identify and plan for maintenance, repair and replacement before visible defects occur.
According to the North America maintenance, repair, and operations (MRO) market analysis, MRO services are crucial in the aerospace and defence sector. The main activities of MRO providers include the maintenance, servicing and repairing of engines, components, and other systems. Additionally, services providers also engage in aircraft line maintenance, aircraft ferrying services, as well as inspection and testing services. In 2022, the Canadian aerospace manufacturing and MRO sectors contributed USD 9,220 million to the Canadian economy. The defence sector accounts for more than 25% of Canada’s MRO activities.
Market Segmentation
North America Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Provider
OEM
Aftermarket
Market Breakup by End Use
Manufacturing
Construction
Mining
Aerospace and Defence
Automotive
Food and Beverages
Pharmaceuticals
Chemical
Oil and Gas
Others
Market Breakup by Country
United States of America
Canada
Competitive Landscape
The key players in the maintenance, repair, and operations (MRO) market in North America are providing high-quality MRO services to increase the operational efficiency of the end use industries.
General Electric Company
Johnson Controls International plc
Safran SA
Rolls-Royce plc
Caterpillar Inc.
AAR Corp.
Ferguson Enterprises, LLC
Singapore Technologies Engineering Ltd.
WESCO International, Inc.
Sonepar SAS
MRC Global Inc.
Others
A key trend in the North America maintenance, repair, and operations (MRO) market is the adoption of smart technology to track performance and maintenance needs of equipment. Predictive maintenance, unlike traditional preventive maintenance uses sensors and smart technology to overcome inefficiencies of the traditional approach, such as unnecessary replacement of parts, excessive downtime and inaccurate inventory levels. With the advancement in technology, sensors and the Internet of Things (IoT) has become more accessible and inexpensive. This technological adoption allows manufacturers to efficiently track equipment performance and maintenance needs and identify and plan for maintenance, repair and replacement before visible defects occur.
According to the North America maintenance, repair, and operations (MRO) market analysis, MRO services are crucial in the aerospace and defence sector. The main activities of MRO providers include the maintenance, servicing and repairing of engines, components, and other systems. Additionally, services providers also engage in aircraft line maintenance, aircraft ferrying services, as well as inspection and testing services. In 2022, the Canadian aerospace manufacturing and MRO sectors contributed USD 9,220 million to the Canadian economy. The defence sector accounts for more than 25% of Canada’s MRO activities.
Market Segmentation
North America Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Provider
OEM
Aftermarket
Market Breakup by End Use
Manufacturing
Construction
Mining
Aerospace and Defence
Automotive
Food and Beverages
Pharmaceuticals
Chemical
Oil and Gas
Others
Market Breakup by Country
United States of America
Canada
Competitive Landscape
The key players in the maintenance, repair, and operations (MRO) market in North America are providing high-quality MRO services to increase the operational efficiency of the end use industries.
General Electric Company
Johnson Controls International plc
Safran SA
Rolls-Royce plc
Caterpillar Inc.
AAR Corp.
Ferguson Enterprises, LLC
Singapore Technologies Engineering Ltd.
WESCO International, Inc.
Sonepar SAS
MRC Global Inc.
Others
Table of Contents
138 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Maintenance, Repair, and Operations (MRO) Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Maintenance, Repair, and Operations (MRO) Historical Market (2018-2024)
- 5.3 Global Maintenance, Repair, and Operations (MRO) Market Forecast (2025-2034)
- 5.4 Global Maintenance, Repair, and Operations (MRO) Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Maintenance, Repair, and Operations (MRO) Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Maintenance, Repair, and Operations (MRO) Historical Market (2018-2024)
- 6.3 North America Maintenance, Repair, and Operations (MRO) Market Forecast (2025-2034)
- 7 North America Maintenance, Repair, and Operations (MRO) Market by Provider
- 7.1 OEM
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Aftermarket
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 North America Maintenance, Repair, and Operations (MRO) Market by End Use
- 8.1 Manufacturing
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Construction
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Mining
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Aerospace and Defence
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Automotive
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Food and Beverages
- 8.6.1 Historical Trend (2018-2024)
- 8.6.2 Forecast Trend (2025-2034)
- 8.7 Pharmaceuticals
- 8.7.1 Historical Trend (2018-2024)
- 8.7.2 Forecast Trend (2025-2034)
- 8.8 Chemical
- 8.8.1 Historical Trend (2018-2024)
- 8.8.2 Forecast Trend (2025-2034)
- 8.9 Oil and Gas
- 8.9.1 Historical Trend (2018-2024)
- 8.9.2 Forecast Trend (2025-2034)
- 8.10 Others
- 9 North America Maintenance, Repair, and Operations (MRO) Market by Country
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 General Electric Company
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Johnson Controls International plc
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Safran SA
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Rolls-Royce plc
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Caterpillar Inc.
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 AAR Corp.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Ferguson Enterprises, LLC
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Singapore Technologies Engineering Ltd.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 WESCO International, Inc.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Sonepar SAS
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 MRC Global Inc.
- 11.5.11.1 Company Overview
- 11.5.11.2 Product Portfolio
- 11.5.11.3 Demographic Reach and Achievements
- 11.5.11.4 Certifications
- 11.5.12 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.