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 five years to 2019, the Aircraft Maintenance, Repair and Overhaul industry has steadily gained altitude. During the current period, improving economic conditions led to a pickup in air travel and, in turn, aircraft usage. The resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. Furthermore, domestic trips by US residents have steadily increased since the beginning of the five-year period. As aircraft usage increases, demand for maintenance, repair and overhaul services is expected to rise as well. However, while demand remains strong for the industry, competition has intensified as original equipment manufacturers have been increasing their presence in the market. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to grow. Continued economic growth is anticipated to lead to increased air travel and aircraft usage.

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.

MAJOR COMPANIES

Aar Corp