$7.7bn
$XXX.Xm
33,198
1,948
$X.Xbn
The Aircraft Maintenance, Repair and Overhaul industry in Canada has been hindered in this period. Industry performance is directly tethered to air traffic patterns, which increases wear and tear on existing aircraft. Since all aircraft require regular maintenance, an increase in flight hours per aircraft helps this industry greatly. But, industry revenue has plunged at a CAGR of 4.9% over the past five years and is expected to total $7.7 billion in 2024, when revenue will increase by an estimated 1.5%. Profit has slightly increased over the past five years amid lower purchase costs.
Industry revenue has declined at a CAGR of 4.9 % over the past five years, to reach an estimated $7.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Pratt & Whitney Canada | 2,248.4 | -76.8 | -3.4 | |
Rolls-Royce | 538.2 | 72.1 | 13.4 | |
Safran | 444.4 | 62.3 | 14.0 |
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Industry revenue is measured across several distinct product and services lines, including Airframe repair and maintenance, Modifications and Engine repair and maintenance. Airframe repair and maintenance is the largest segment of the Aircraft Maintenance, Repair & Overhaul in Canada.
Engines are the most important and expensive component of an aircraft
This industry services, repairs, overhauls and maintains aircraft, except on a factory basis, while also providing ancillary support services for air transportation operations including inspections and testing, among other activities. This does not include providing janitorial and cleaning services for airlines or providing food catering services for airlines.
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NAICS 488190 - Aircraft Maintenance, Repair & Overhaul in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rebounds in travel cushioning drop in this industry. MRO services remain necessary for various aircraft as more individuals fly again.
Learn about an industry's products and services, markets and trends in international trade.
Engine repair and maintenance remain the industry’s largest service. Components and part maintenance also account for a significant portion of demand.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Aircraft repairers locate themselves near upstream manufacturers, making Ontario a popular choice to set up establishments. This enables companies to have more direct access ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Starting an MRO service isn’t a cheap expense. The number of materials, the cost of workers and the various compliance costs make it a very pricey expenditure for startups.
Learn about the performance of the top companies in the industry.
Pratt & Whitney Canada Corp. is the top company. Recent decisions are helping it maintain a high market share as it enhances its operations.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Aircraft repairers are under heavy environmental and safety regulations. Aircraft repairers must produce environmentally conscious and safe aircrafts while maintaining worker...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the largest cost for aircraft repairers. Purchases primarily include engine components, navigational instruments, avionics systems, paint, TVs, electrification ...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aircraft Maintenance, Repair & Overhaul industry in Canada is $7.7bn in 2024.
There are 1,948 businesses in the Aircraft Maintenance, Repair & Overhaul industry in Canada, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Aircraft Maintenance, Repair & Overhaul industry in Canada has been declining at a CAGR of 4.9 % between 2019 and 2024.
Over the next five years, the Aircraft Maintenance, Repair & Overhaul industry in Canada is expected to grow.
The biggest companies operating in the Aircraft Maintenance, Repair & Overhaul market in Canada are Pratt & Whitney Canada, Rolls-Royce and Safran
Maintenance, repair and overhaul (MRO) of aircraft, rotorcraft and individual parts and Ferrying services between departure gates and taxiways for aircraft and rotorcraft are part of the Aircraft Maintenance, Repair & Overhaul industry.
The company holding the most market share in Canada is Pratt & Whitney Canada.
The level of competition is moderate and steady in the Aircraft Maintenance, Repair & Overhaul industry in Canada.