North America Aircraft Engine MRO Market Forecast to 2028 – COVID-19 Impact and Analysis – by Engine (Turbine Engine and Piston Engine), Application (Commercial, General, and Military), and Aircraft Type (Fixed Wing and Rotary Wing)
The aircraft engine MRO market in North America is expected to grow from US$ 5.80 billion in 2022 to US$ 7.73 billion by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
Aircraft engines produce fossil–fuel combustion-like emissions. These aircraft emissions are increasing environmental concerns concerning their impact and effect on the ground-level air quality. Emissions that are regulated, including raw fuel vented to the environment during engine shutdown and hydrocarbons (HC), smoke (SN), oxides of nitrogen (NO x), and carbon monoxide (CO), are the products of combustion in engine exhaust for particular classes of engines. The aviation industry accounts for only 2.5% of CO2. MRO reduces the negative impact on the environment by reducing carbon emissions from aircraft. In 2021, the US government announced its aim for a 20% reduction in aircraft emissions by 2030. Several regulatory authorities are implementing strategies to reduce carbon emissions. Companies such as Honeywell Aerospace are committed to achieving net-zero carbon emissions by 2035. In November 2021, Bell Textron Inc. announced that Bell 525 completed its first flight utilizing sustainable aviation fuel. Boeing and Airbus have recently announced that by 2030, their aircraft will fly 100% on SAF. The US government is encouraged to produce SAFs. These factors are propelling the aircraft engine MRO market substantially.
North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
North America Aircraft Engine MRO Market Segmentation
The North America aircraft engine MRO market is segmented by engine, application, aircraft type, and country.Based on engine, the North America aircraft engine MRO market is bifurcated into turbine engine and piston engine. Turbine engine is expected to dominate the aircraft engine MRO market in 2022. The turbine engine segment is further sub-segmented into turboprop engine, turbofan engine, and turboshaft engine. Turbofan engine is expected to dominate the aircraft engine MRO market in 2022. On the basis of application, the North America aircraft engine MRO market is segmented into commercial, general, and military. The commercial segment is expected to account for the largest share in 2022 in the North America aircraft engine MRO market. On the basis of aircraft type, the North America aircraft engine MRO market is categorized into fixed wing and rotary wing. Fixed wing is expected to dominate the market in 2022. The North American aircraft engine MRO market, based on country, is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Key players dominating the North America aircraft engine MRO market are CFM International, Delta Air Line, GE Aviation, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce plc, Safran, and SIA Engineering Company.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Resuming of Grounded Aircraft Post–Pandemic
5.1.2 Stringent Government Regulations Related to Carbon Emissions
5.2 Market Restraints
5.2.1 Suspension of Older Aircraft Fleets
5.3 Market Opportunities
5.3.1 Expected Future Delivery of Aircraft
5.4 Future Trends
5.4.1 The Increasing Demand for Fuel–Efficient Aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine MRO Market – North America Analysis
6.1 North America Aircraft Engine MRO Market Overview
6.2 North America Aircraft Engine MRO Market Forecast and Analysis
7. North America Aircraft Engine MRO Market Analysis By Engine
7.1 Overview
7.2 North America Aircraft Engine MRO Market, By Engine (2021 and 2028)
7.3 Turbine Engine
7.3.1 Overview
7.3.2 Turbine Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.1 Turboprop Engine
7.3.2.1.1 Overview
7.3.2.1.2 Turboprop Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.2 Turbofan Engine
7.3.2.2.1 Overview
7.3.2.2.2 Turbofan Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.3 Turboshaft Engine
7.3.2.3.1 Overview
7.3.2.3.2 Turboshaft Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Piston Engine
7.4.1 Overview
7.4.2 Piston Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8. North America Aircraft Engine MRO Market Analysis By Application
8.1 Overview
8.2 North America Aircraft Engine MRO Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.4 General
8.4.1 Overview
8.4.2 General: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.5 Military
8.5.1 Overview
8.5.2 Military: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9. North America Aircraft Engine MRO Market Analysis By Aircraft Type
9.1 Overview
9.2 North America Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
10. North America Aircraft Engine MRO Market – Country Analysis
10.1 Overview
10.1.1 North America: Aircraft Engine MRO Market, by Key Country
10.1.1.1 US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 US: Aircraft Engine MRO Market, by Engine
10.1.1.1.1.1 US: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.1.2 US: Aircraft Engine MRO Market, by Application
10.1.1.1.3 US: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.2 Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Canada: Aircraft Engine MRO Market, by Engine
10.1.1.2.1.1 Canada: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.2.2 Canada: Aircraft Engine MRO Market, by Application
10.1.1.2.3 Canada: Aircraft Engine MRO Market, by Aircraft Type
10.1.1.3 Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Mexico: Aircraft Engine MRO Market, by Engine
10.1.1.3.1.1 Mexico: Aircraft Engine MRO Market, by Turbine Engine
10.1.1.3.2 Mexico: Aircraft Engine MRO Market, by Application
10.1.1.3.3 Mexico: Aircraft Engine MRO Market, by Aircraft Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Delta Air Line
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GE Aviation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 CFM International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lufthansa Technik
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MTU Aero Engines AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Safran
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SIA Engineering Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rolls-Royce plc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Raytheon Technologies Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 3. US: Aircraft Engine MRO Market, by Engine–Revenue and Forecast to 2028 (US$ Billion)
Table 4. US: Aircraft Engine MRO Market, by Application–Revenue and Forecast to 2028 (US$ Billion)
Table 5. US: Aircraft Engine MRO Market, by Aircraft Type –Revenue and Forecast to 2028 (US$ Billion)
Table 6. Canada: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 7. Canada: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 8. Canada: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 9. Canada: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Mexico: Aircraft Engine MRO Market, by Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Mexico: Aircraft Engine MRO Market, by Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 12. Mexico: Aircraft Engine MRO Market, by Application – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Mexico: Aircraft Engine MRO Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aircraft Engine MRO Market Segmentation
Figure 2. North America Aircraft Engine MRO Market Segmentation – By Country
Figure 3. North America Aircraft Engine MRO Market Overview
Figure 4. Turbine Engine Segment held the Largest Share of North America Aircraft Engine MRO Market
Figure 5. Turbofan Engine Segment held the Largest Share of North America Aircraft Engine MRO Market
Figure 6. Commercial Segment held the Largest Share of North America Aircraft Engine MRO Market
Figure 7. Fixed Wing Segment held the Largest Share of North America Aircraft Engine MRO Market
Figure 8. US to Show Great Traction During Forecast Period
Figure 9. North America Aircraft Engine MRO Market– Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis: North America Aircraft Engine MRO Market
Figure 11. Expert Opinion
Figure 12. North America Aircraft Engine MRO Market: Impact Analysis of Drivers and Restraints
Figure 13. North America Aircraft Engine MRO Market Forecast and Analysis (US$ Billion)
Figure 14. North America Aircraft Engine MRO Market, By Engine (2021 and 2028)
Figure 15. Turbine Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Turboprop Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Turbofan Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Turboshaft Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Piston Engine: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. North America Aircraft Engine MRO Market, By Application (2021 and 2028)
Figure 21. Commercial: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. General : North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Military: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. North America Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
Figure 25. Fixed Wing: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Rotary Wing: North America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. North America: Aircraft Engine MRO Market, by key Country – Revenue (2021) (US$ Billion)
Figure 28. North America: Aircraft Engine MRO Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. US: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Canada: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Mexico: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
- CFM International
- Delta Air Line
- GE Aviation
- Lufthansa Technik
- MTU Aero Engines AG
- Raytheon Technologies Corporation
- Rolls-Royce plc
- Safran
- SIA Engineering Company
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Aircraft Engine MRO Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Aircraft Engine MRO Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Aircraft Engine MRO Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution