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Aerospace MRO in North America

Publisher GlobalData
Published Jan 12, 2024
SKU # GBDT19139348

Description

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.
Scope
  • 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
Reasons to Buy
  • 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?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. Has there been any recent development in the market?
8 Company Profiles
8.1. Delta Air Lines Inc
8.2. Bombardier Inc
8.3. Triumph Group Inc
8.4. American Airlines Group Inc.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
About GlobalData
List of Tables
Table 1: North America aerospace mro market value: $ million, 2018-23
Table 2: North America aerospace mro market category segmentation: % share, by value, 2018-2023
Table 3: North America aerospace mro market category segmentation: $ million, 2018-2023
Table 4: North America aerospace mro market geography segmentation: $ million, 2023
Table 5: North America aerospace mro market value forecast: $ million, 2023-28
Table 6: Delta Air Lines Inc: key facts
Table 7: Delta Air Lines Inc: annual financial ratios
Table 8: Delta Air Lines Inc: key employees
Table 9: Delta Air Lines Inc: key employees Continued
Table 10: Bombardier Inc: key facts
Table 11: Bombardier Inc: annual financial ratios
Table 12: Bombardier Inc: key employees
Table 13: Bombardier Inc: key employees Continued
Table 14: Triumph Group Inc: key facts
Table 15: Triumph Group Inc: annual financial ratios
Table 16: Triumph Group Inc: key employees
Table 17: Triumph Group Inc: key employees Continued
Table 18: American Airlines Group Inc.: key facts
Table 19: American Airlines Group Inc.: annual financial ratios
Table 20: American Airlines Group Inc.: key employees
Table 21: American Airlines Group Inc.: key employees Continued
Table 22: North America exchange rate, 2019-23
List of Figures
Figure 1: North America aerospace mro market value: $ million, 2018-23
Figure 2: North America aerospace mro market category segmentation: $ million, 2018-2023
Figure 3: North America aerospace mro market geography segmentation: % share, by value, 2023
Figure 4: North America aerospace mro market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the aerospace mro market in North America, 2023
Figure 6: Drivers of buyer power in the aerospace mro market in North America, 2023
Figure 7: Drivers of supplier power in the aerospace mro market in North America, 2023
Figure 8: Factors influencing the likelihood of new entrants in the aerospace mro market in North America, 2023
Figure 9: Factors influencing the threat of substitutes in the aerospace mro market in North America, 2023
Figure 10: Drivers of degree of rivalry in the aerospace mro market in North America, 2023

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