Industry Analysis & Industry Trends
Over the past five years, the Aircraft Maintenance, Repair and Overhaul (MRO) industry has slowly climbed out of the recession and reached new heights. Improving economic conditions led to a pickup in air travel. As a result, airlines increased their use of their aircraft fleets. The resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. In the five years to 2021, continued economic growth is anticipated to lead to increased air travel and aircraft usage. Moreover, lower oil prices might keep older aircraft flying for longer, thus increasing the need for MRO... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of establishments in the Aircraft Maintenance, Repair and Overhaul industry is skewed. For instance, during 2016, the Southwest is estimated to have 17.9% of industry establishments but only 12.1% of the US population. Meanwhile, the West is anticipated to have 19.9% of establishments and 17.1% of the US population; the Southeast is forecast to be home to 30.5% of industry businesses and 25.4% of the population; and the Rocky Mountains represents 5.1% of companies and 3.5% of the US population. On a state-by-state basis, significant proportions of industry establishments are located in Florida (14.4%), California (11.8%) and Texas (11.2%).
Low population density explains the higher number of industry establishments on a per capita basis in these regions... purchase to read more