North American Aerospace MRO Market is Forecasted to Reach USD 65.3 billion in 2032, Says Stratview Research

The global North American Aerospace MRO Market is projected to witness a growth rate of 1.6% annually from 2024 to 2032, with an anticipated size of USD 65.3 billion in 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American Aerospace MRO Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3736/north-american-aerospace-MRO-market.html#form

Report Highlights: `
Market Size in 2032: USD 65.3 billion
Growth (CAGR): 1.6% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the North American Aerospace MRO Market:

The global North American Aerospace MRO Market is segmented by aircraft type, MRO type and region

Based on aircraft type: The North American aerospace MRO market is segmented into commercial aircraft, turboprops, regional aircraft, military aircraft, and helicopters. Military aircraft are expected to remain dominant whereas commercial aircraft will be the fastest-growing aircraft type in the market during the forecast period.
North America's military aircraft fleet is the world's largest, with 14,096 aircraft across the Army, Navy, and Air Force. In addition to that, governments allocate substantial budgets for defense operations in North America. As a result, there is a consistent demand for maintenance, repair, and overhaul services for military aircraft to ensure operational readiness and safety.
The fastest growth for the MRO needs of commercial aircraft is primarily due to the expanding commercial aircraft fleet, increasing domestic and international air travel demand, growing aging aircraft fleet size, and investment in new aircraft.

Based on MRO type: The market is segmented into airframe MRO, engine MRO, component MRO, and line MRO. Engine MRO is expected to remain the dominant and fastest-growing MRO type in the market during the forecast period. The demand for engine MRO is propelled during the forecast period by the concurrent development of new engine technologies, fleet expansion initiatives, and the implementation of stringent safety regulations.
In addition to that, it is projected that the North American engine fleet will increase from 19,300 active engines in 2023 to 22,200 active engines in 2032. This will further strengthen the demand for engine MRO during the forecast period.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3736/north-american-aerospace-MRO-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that The USA is expected to maintain its reign over the forecast period, whereas Mexico is likely to grow at the fastest rate. This growth outlook is majorly attributed to the following-
• The USA's dominant position in the aviation industry is significantly bolstered by several key factors, including its expansive fleet size, robust aviation infrastructure, extensive network of airports, well-established maintenance facilities, and highly efficient logistics infrastructure.
• In addition to that, the presence of a huge number of MRO providers and airlines in the country is expected to fuel the market during the forecast period.
• Mexico, particularly driven by Growing investment projects by multinational aerospace companies, is expected to grow at the fastest rate during the forecast period.

North American Aerospace MRO Market Drivers:
The growth of the North American Aerospace MRO Market is driven by several factors.
Driven by recovery in air passenger traffic, rising aircraft fleet size, rising military expenditure, and aging aircraft fleet size.

Top 10 Companies in the North American Aerospace MRO Market:
Stratview Research has identified the following companies as the top market players:
• AAR Corp.
• Ametek MRO
• Airbus
• Aviation Technical Services, Inc.
• The Boeing Company
• Delta TechOps (Delta Air Lines, Inc.)
• General Electric Company (GE)
• Honeywell Aerospace
• RTX Corporation
• Safran Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the North American Aerospace MRO Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Aerospace MRO Raw Materials Market : https://www.stratviewresearch.com/2221/aerospace-mro-raw-materials-market.html
• Aircraft MRO Market: https://www.stratviewresearch.com/3920/aircraft-mro-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.