Taking wing: Increased air travel and aircraft use will raise demand for industry services

Over the past five years, the Aircraft Maintenance, Repair and Overhaul (MRO) industry has steadily gained altitude, climbing out of the recession and reaching new heights. Improving economic conditions led to a pickup in air travel; the resulting rise in aircraft wear and tear and mandatory checkups have led to increased demand for industry services. Over the five years to 2022, continued economic growth is anticipated to lead to increased air travel and aircraft usage. As a result, demand for industry services will continue to rise...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Continued economic growth will lead to increased air travel and aircraft usage
  • Operators have had to cope with shrinking parts of the US aircraft fleet
  • The business and general aviation market is anticipated to improve
  • Industry Report - Industry Products Chapter

    Maintenance, repair and overhaul (MRO) services are essential for the safe operation of aircraft. MRO services can be typically classified into four segments: components MRO, engines overhaul, heavy airframe maintenance and line maintenance. However, this industry excludes MRO work conducted at factories, which means most work conducted by original equipment manufacturers (OEMs) is not counted.Civil MROComponent MRO accounts for 23.3% of industry revenue. This product segment includes work done on components such as avionics, auxiliary power units, furnishings, electrical parts, propellers, structures, fuel systems, hydraulics, tires, pneumatics and so on. Like in most other segments, regular MRO is required on components. How...purchase to read more.

    Additional Insights for the Aircraft Maintenance, Repair & Overhaul Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aircraft Maintenance, Repair & Overhaul Industry are

  • Proximity to key markets
  • Effective cost controls
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and International trips by US residents in the Aircraft Maintenance, Repair & Overhaul industry impact industry performance..

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    What's in this report

    What is the Aircraft Maintenance, Repair & Overhaul Industry?

    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.

    Industry Products
  • Civil airframe MRO
  • Civil engine MRO
  • Civil component MRO
  • Civil line maintenance
  • Military aircraft MRO
  • Industry Activities
  • Maintenance, repair and overhaul (MRO) of aircraft and parts
  • Ferrying aircraft between departure gates and taxiways
  • Inspection and testing of aircraft
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • International trips by US residents
  • Federal funding for defense
  • Regulation for the Aircraft Maintenance, Repair and Overhaul industry

  • Current Performance
  • Slow growth
  • Profit and competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Air travel lifts demand
  • Headwinds remain
  • Profit and competition
  • Table: Aircraft Maintenance, Repair & Overhaul Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aircraft Maintenance, Repair & Overhaul Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • International Airlines
  • Domestic Airlines
  • Charter Flights
  • National Security and International Affairs

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Engine & Turbine Manufacturing
  • Gasoline & Petroleum Wholesaling
  • Wind Turbine Manufacturing

  • Products & Services
  • Civil engine MRO
  • Civil component MRO
  • Civil line maintenance
  • Civil airframe MRO
  • Military aircraft MRO
  • Chart: Aircraft Maintenance, Repair & Overhaul Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mainline carriers
  • Regional carriers and general aviation
  • Department of Defense
  • Chart: Major Market Segmentation for the Aircraft Maintenance, Repair & Overhaul Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Aircraft Maintenance, Repair & Overhaul

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aircraft Maintenance, Repair & Overhaul Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Aircraft Maintenance, Repair & Overhaul Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aircraft Maintenance, Repair & Overhaul Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic trips by US residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Fixed Base Operators (Fbo)
  • Service centers at an airport that may be a private enterprise or a department of the municipality that the airport serves.
  • Hub-And-Spoke
  • An approach in which an airline routes all of its traffic through one central hub.
  • Maintenance, Repair And Overhaul (Mro)
  • The main industry services, which include aircraft maintenance, repair and parts overhaul.
  • Point-To-Point
  • A flight that travels nonstop from point of origin to destination.
  • What Our Customers Say

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    This report on Aircraft Maintenance, Repair & Overhaul:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aircraft Maintenance, Repair & Overhaul market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aircraft Maintenance, Repair & Overhaul, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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