$24.2bn
$X.Xbn
95,892
3,578
$X.Xbn
Recently, the Aircraft Maintenance, Repair and Overhaul industry has been unable to gain revenue because of inflationary pressures and their effects on downstream markets. Rising costs and high interest rates have weighed on this industry as its profit has been scaling down. While this industry can rely on its usual suspects of downstream markets like consumers and commercial industries, slumps in the freight transportation index have also been hurting this industry. Because of these factors, revenue has been falling at a CAGR of 0.6% to an estimated $24.1 billion over the past five years, despite a 1.1% gain in 2024.
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $24.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Aar Corp | 1,221.2 | 40.1 | 3.3 |
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Industry revenue is measured across several distinct product and services lines, including Airframe MRO, Engine MRO and Component MRO. Airframe MRO is the largest segment of the Aircraft Maintenance, Repair & Overhaul in the US.
Consistent need for aircraft safety strengthens growth among engine MRO services
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.
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NAICS 48819 - Aircraft Maintenance, Repair & Overhaul in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Inflation is biting into the MRO industry’s profit. Even though companies pass costs to downstream markets, continued high inflation and interest rates force them to operate ...
Learn about an industry's products and services, markets and trends in international trade.
Engine MRO services are booming in handling aircraft safety. With more planes in the skies, safety remains critical. Airlines prioritize scheduled maintenance to avoid traged...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is a hot spot for MRO services. With bustling cities like Miami and Atlanta, constant high travel volumes because of tourism make this region a prime territory ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Handling MRO activities in-house puts airlines in the driver's seat. By conducting their operations in-house, airlines keep control over their maintenance services, which ali...
Learn about the performance of the top companies in the industry.
No company owns more than a 5.0% share of the industry. Aar Corporation is the only major player in this industry. Localized markets and various types of clients contribute t...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The FAA ensures airlines fly safely in the skies. By enforcing strict rules on operations, such as airworthiness and training, the FAA helps keep passengers safe and this ind...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Volatility keeps purchase costs high. Fluctuations in commodities raise the price of essential MRO items like lubricants and fuel. Inflation is a major culprit for these fluc...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aircraft Maintenance, Repair & Overhaul in the US industry in United States is $24.2bn in 2024.
There are 3,578 businesses in the Aircraft Maintenance, Repair & Overhaul in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Aircraft Maintenance, Repair & Overhaul in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
Over the next five years, the Aircraft Maintenance, Repair & Overhaul in the US industry in United States is expected to grow.
The biggest company operating in the Aircraft Maintenance, Repair & Overhaul market in United States is Aar Corp
Maintenance, repair and overhaul of aircraft components, engines and airframes and Line maintenance are part of the Aircraft Maintenance, Repair & Overhaul in the US industry.
The company holding the most market share in United States is Aar Corp.
The level of competition is high and increasing in the Aircraft Maintenance, Repair & Overhaul in the US industry in United States.