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North America, Boeing Dominate Western Hemisphere MRO Forecast
Although North America commands nearly 80% of the Western Hemisphere’s MRO demand, Latin America is expected to grow at a faster rate of 3.7% CAGR compared with North America’s 1.7% CAGR.
Aviation Week’s 2025 Commercial Aviation Fleet & MRO Forecast projects that North and Latin American commercial MRO demand over the next 10 years will account for nearly 27% of the worldwide commercial MRO demand. The Latin American commercial MRO market is projected to grow more than 38%, while North America is expected to grow nearly 17%.
The active commercial jet aircraft fleet for Latin America is anticipated to grow to more than 3,100 aircraft in 2034 from just over 2,400 aircraft in 2025. This fleet expansion will translate directly to an increase in MRO demand. Latin American MRO demand will be dominated by Airbus aircraft, accounting for 53% of the total demand, with Boeing accounting for the other 36% and Embraer taking 7%.
North America’s active commercial fleet is expected to rise to more than 10,700 aircraft from over 9,600 during the same time frame. Unlike Latin America, Boeing aircraft are expected to account for 59% of total MRO demand as Airbus accounts for 29% and Embraer takes 7%.
Throughout the Western Hemisphere, Boeing’s share of demand is forecast to account for $182 billion while Airbus’ share accounts for $158 billion.
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