Market Size of North America Aircraft Engine MRO Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 9.87 Billion |
| Market Size (2029) | USD 13.26 Billion |
| CAGR (2024 - 2029) | 6.09 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Aircraft Engine MRO Market Analysis
The North America Aircraft Engine MRO Market size is estimated at USD 9.87 billion in 2024, and is expected to reach USD 13.26 billion by 2029, growing at a CAGR of 6.09% during the forecast period (2024-2029).
The North America region has one of the world's largest fleets of commercial and military aircraft. The aging fleet of aircraft in the military and commercial sectors and the growing use of retrofitting technologies for aircraft improvement are expected to drive the market. With the introduction of new aircraft in commercial aviation, several new long-term aircraft engine maintenance contracts will be signed shortly between the airlines and aircraft engine MRO providers. Such contracts are anticipated to further boost the growth of the market during the forecast period.
The growth of emission regulations for the airspace by various regulatory bodies, like FAA, IATA, and ICAO, will lead to generating greater demand for better engine maintenance for older aircraft, as their emissions are higher compared to the newer generation aircraft engines, which in turn will be a significant factor driving the market during the forecast period. On the other hand, supply chain issues and shortage of skilled workforce and engine components hinder the market growth.
