North America is projected to account for 20% of the worldwide engine MRO market over the next decade, according to Aviation Week’s 2023 Commercial Aviation Fleet & MRO Forecast.

This is based on the North American engine fleet increasing to more than 22,200 in 2032 from just 19,300 active engines in 2023, a 7% increase in fleet strength during the period. Over the decade, Aviation Week expects more than 26,000 engine servicing events, which represent a 0.5% compound annual growth rate (CAGR). While this CAGR is modest, MRO spending over the 10-year period should grow by more than 5%, largely due to expansion of the market overall.

 

The forecast projects that the CFM International CFM56 will account for the majority of engine MRO expenditures, capturing 24.3% of the total market, followed by General Electric’s CF6 and CF34, both with 14%.