With more providers looking to take advantage of the global surge in aircraft modifications, the segment will account for 6% of MRO demand in North America.
Heavy airframe maintenance work will account for 7% of MRO demand over the next decade. With spend expected to be in excess of $15 billion, aircraft such as the 737 MAX will become increasingly prominent in the North American fleet as more enter into service.
Line maintenance will account for 21% of the overall market in North America from this year through to 2027.
Engine Maintenance Will Perform Strongly Over A 10-Year Period
Credit: MTU Maintenance
Despite COVID-19 setbacks on the aftermarket, engine maintenance will still be a strong driver of 10-year growth. From 2021-2030, Aviation Week data predicts engine MRO demand will be $405 billion with the fastest CAGR growth of any segment at 4.9%.
Repair of components will lead MRO demand in the North America region over the next decade. From now until 2027, it will generate in excess of 82 billion, which accounts for 36% of the regional market.
Aviation Week Network's MRO Americas will take place in Orlando from Apr. 10-12.