At 3.7% CAGR, North America Airframe MRO Market is Projected to be Worth US$ 8,428.64 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America airframe MRO market was valued at US$ 6,316.44 million in 2022 and is expected to reach US$ 8,428.64 million by 2030, registering a CAGR of 3.7% from 2022 to 2030. Increasing air travel and growing integration of digital technology in MRO Industry are among the critical factors attributed to the North America airframe MRO market expansion.

Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. As a result, aircraft spend more time in the air and require frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency leads to greater demands for aircraft maintenance services to ensure safe and reliable operations. The surge in passenger numbers highlights the growing demand for air travel and the subsequent need for more frequent and efficient maintenance and repair services to ensure the safety and reliability of aircraft. As air travel continues to rise, MRO providers play a crucial role in meeting the maintenance demands of airlines, contributing to the growth of the North America airframe MRO market.

On the contrary, entry of OEMs in aftermarket hampers the growth of North America airframe MRO market.

Based on aircraft type, the North America airframe MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 70.0% share of the North America airframe MRO market in 2022, amassing US$ 4,418.91 million. It is projected to garner US$ 5,716.84 million by 2030 to expand at 3.3% CAGR during 2022-2030.

In terms of component, the North America airframe MRO market is segmented into fuselage, wings and rotors, landing gear, and others. The fuselage segment held 43.9% share of the North America airframe MRO market in 2022, amassing US$ 2,775.48 million. It is estimated to garner US$ 3,514.53 million by 2030 to expand at 3.0% CAGR during 2022-2030.

Based on country, the North America airframe MRO market is categorized into US, Canada, and Mexico. The US held 64.1% share of North America airframe MRO market in 2022, amassing US$ 4,047.58 million. It is projected to garner US$ 5,461.76 million by 2030 to expand at 3.8% CAGR during 2022-2030.

Key players operating in the North America airframe MRO market are AAR CORP; Barnes Group Inc; GE Aviation; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace, among others.

2023: AAR CORP, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has acquired Trax USA Corp., a leading independent provider of aircraft MRO and fleet management software.

2023: Barnes Group Inc announced that it has completed the acquisition of MB Aerospace, a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers.

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