The North American aircraft engine MRO market, based on country, is segmented into the US, Canada, and Mexico. North America is the largest aerospace market globally due to the presence of various military and commercial aircraft manufacturers and MRO service providers. Positive outlook towards adopting new technologies, skilled workforce presence, favorable economic policies, and high GDP per capita drive in the North American aerospace industry. Thus, the growing aerospace industry would increase the engine demand, which would bolster the aerospace engine MRO market in the coming years.
Northrop Grumman, Gulfstream Aerospace, Boeing, Textron, Bombardier, and Lockheed Martin are among the major aircraft manufacturers in North America. The aircraft OEMs have various manufacturing facilities in the region. Each manufacturing facility produces significant volumes of aircraft models, which need maintenance and repair. Thus, all these factors drive the growth of the aircraft engine MRO market and are projected to offer growth opportunities for the market players during the forecast period. In addition, the presence of the significant aircraft engine MRO market players in North America, such as Delta Air Lines, Inc.; Raytheon Technologies Corporation; and General Electric, is propelling the market growth.
Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation; and Rolls–Royce PLC
According to the General Aviation Manufacturers Association (GAMA), the general aviation industry contributes more than US$ 247 billion in the US economy annually and employed more than 1.2 million people in 2018. In the US, every year, general aviation aircraft log 25.5 million flight hours of which two-thirds of this traffic is for business purposes. Moreover, in 2020, there were more than 440,000 general aviation aircraft in the worldwide fleet, ranging from small training aircraft and helicopters to intercontinental business jets, which are propelling the demand for aircraft engines MRO services. Canadian and the US-based airlines, such as Delta Air Lines, American Airlines, Air Canada, United Airlines, and Southwest Airlines, have placed numerous orders for commercial aircraft scheduled to be delivered between 2021 and 2025. For instance, Delta Airlines placed an order of 95 A220 aircraft, out of which 12 A220 aircraft were supplied by May 2020, and the rest are scheduled to be delivered by the end of 2023. United Airlines focuses on replacing some of its aging Boeing 767s and 757s with new aircraft, such as the Boeing 787 or long-range A321LR, which increases the repair and maintenance of an aircraft. Thus, the increasing number of aircraft orders and rising production of aircraft for commercial and military applications would drive the growth of the aerospace engine MRO market in the region in the coming years. Further, with the rising aircraft fleet, the MRO service providers are also expanding their presence across North America to cater to the growing demand for commercial aircraft engine MRO services.
The top five companies in the market are Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation and Rolls–Royce PLC. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current general aviation portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | MTU Maintenance and the Nayak Group has entered into the collaborative agreement to provide a larger range of services to each of their distinct target groups. | APAC |
| 2022 | SIA Engineering (SIAEC) has opened its new aircraft engine services facility in Singapore, to provide maintenance to French aerospace engine manufacturer Safran Aircraft Engines (SAE). | APAC |
| 2021 | Standard Aero and Mint Turbines have been chosen by GE Aviation as its recommended MRO and limited scope service providers for restricted category and public use T700 engine operators in the United States, respectively. | North America |
