North America Aircraft
Maintenance Repair Overhaul (MRO) Market is growing due to increasing trend
toward aircraft fleets and maintenance industry. Aircraft Maintenance,
repair, and overhaul (MRO) services are a necessary and unavoidable component
of any airline organization. A properly maintained aircraft or one of its
components can assist businesses in avoiding serious threats to their sustainability.
Therefore, in order to support industry growth, participants in the aviation
sector concentrate primarily on developing suitable business processes and
infrastructure. Globally aircraft sales have increased by 9.4% in 2021 over
2020 reaching 2646 units. Aircraft producers like Airbus and Boeing are being
encouraged to improve their production levels and provide maintenance services
for these aircraft by the increased demand for air travel across North America.
In North America 968 general
aviation piston aircrafts sold in 2021 contributing to nearly 69% of overall
piston aircraft sold globally. Also, North America turboprop aircrafts sales
increased to 277 in 2021. To provide better MRO services, governments
in North America are heavily investing on aviation
infrastructure. Many aircraft operators are developing the airports
into MRO facilities by integrating all the available resources, facilities, and
warehouses in order to provide fast and high-quality services. Due to rising
costs for aircraft upgrading as per rules and regulations, and
environmental concerns for the retirement of aging fleets, several engine
development initiatives are being implemented.
North American nation’s economic expansion has
slowed down as a result of the COVID-19 outbreak. The aviation industry was
significantly impacted by this economic downturn. Due to the COVID-19 pandemic,
countries in North America, have greatly constrained economic activity as well
as the movement of people and goods, which has slowed the expansion of the
North American aviation MRO business. North America commercial
activity decreased in 2020 as a result of the pandemic, but it has since
increased and is expected to continue to rise in the upcoming years, according
to the aviation industry.