Overview

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

IBISWorld’s Aircraft Maintenance, Repair & Overhaul market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$19bn
Annual Growth
11-16
2.5%
Annual Growth
16-21
Profit
Employment
89,818
Business
3,806

Industry Threats & Opportunities

  • Continued economic growth will lead to increased air travel and aircraft usage
  • Airlines have been replacing older aircraft with newer models, which require less MRO work
  • Aging military aircraft will increase demand for industry services

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    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...

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    Industry Report - Industry Key Buyers Chapter

    The Aircraft Maintenance, Repair and Overhaul (MRO) industry has a low level of market concentration. In 2016, the four largest industry players are expected to account for just over 10.0% of industry revenue. Most industry operators are relatively small and focus on regional markets and niche services. However, there are a number of larger companies that focus on nationwide coverage over multiple services. Nonetheless, in order to gain such size, these companies often offer more than just MRO services and are part of larger aftermarket suppliers of even airlines.

    Over the past five years, industry players have had to compete with original equipment manufacturers (OEMs) that have sought to win orders and increase profitability through added value services such as MRO. OEM..

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    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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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 component MRO
  • Civil engine MRO
  • Civil airframe MRO
  • Civil line maintenance
  • 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Aircraft Maintenance, Repair & Overhaul

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Aircraft Maintenance, Repair & Overhaul Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Domestic trips by US residents (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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