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2024 U.S. Industry Statistics & Market Forecast - FBO and Air Transportation Maintenance Services


Market Size & Industry Statistics

The total U.S. industry market size for FBO and Air Transportation Maintenance Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The FBO and Air Transportation Maintenance Services industry has been through a major transformation in recent years. One of the most significant trends is the increasing demand for mobile maintenance, as airlines seek ever-greater operational efficiency and cost-effectiveness. As a result, there has been a rapid growth in third-party maintenance, repair, and overhaul (MRO) providers, offering a range of services ranging from aircraft painting to avionics installation and engine maintenance.

Another major trend has been a shift toward data-driven maintenance, enabled by the development of advanced analytics, machine-learning algorithms, and predictive maintenance technologies. These have helped to optimize maintenance schedules and reduce unplanned downtime, allowing airlines to achieve greater reliability and increased safety.

The industry has also been impacted by the growing adoption of new technologies, such as electrification, remotely piloted aircraft, and supersonics, which require different skill sets and capabilities to traditional aircraft. This has led to investments in workforce training and development, as companies seek to build the skills and expertise needed to meet the demands of this rapidly evolving sector.

Finally, the COVID-19 pandemic has had a significant impact on the FBO and Air Transportation Maintenance Services industry, with many airlines reducing their fleets and deferring maintenance activities. However, as the world begins to emerge from the pandemic, there are signs that the industry is starting to recover, with a renewed focus on safety and sustainability driving growth and innovation.



Product & Services Breakdown

Research products and services in the FBO and Air Transportation Maintenance Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Domestic, Non-Scheduled Passenger Transportation By Air

Air Traffic Control Services

Fixed-Base-Operator Services

Airport Administration And Operation Services

Handling Services For Goods

Maintenance And Repair And Related Services For Aircraft

Reselling Of Fuel, Wholesale



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a FBO and Air Transportation Maintenance Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the FBO and Air Transportation Maintenance Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on FBO and Air Transportation Maintenance Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers3%
Office and Administrative Support Occupations 17%
Information and Record Clerks 8%
Installation, Maintenance, and Repair Occupations 26%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 18%
Aircraft Mechanics and Service Technicians 18%
Aircraft Mechanics and Service Technicians 18%
Transportation and Material Moving Occupations 32%
Air Transportation Workers 6%
Other Transportation Workers 11%
Transportation Service Attendants 6%
Aircraft Service Attendants 6%
Material Moving Workers 11%
Laborers and Material Movers 11%
Laborers and Freight, Stock, and Material Movers, Hand 8%
Source: Bureau of Labor Statistics


FBO and Air Transportation Maintenance Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the FBO and Air Transportation Maintenance Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the FBO and Air Transportation Maintenance Services industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the FBO and Air Transportation Maintenance Services industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for FBO and Air Transportation Maintenance Services

  • Feb 27, 2024: NEPTUNE AVIATION SERVICES, INC, (Missoula, MT) awarded $2,561
  • Feb 27, 2024: VERTEX AEROSPACE LLC (Madison, MS) awarded $79,018,191
  • Feb 27, 2024: BAE SYSTEMS INFORMATION AND ELECTRONIC SYSTEMS INTEGRATION INC. (Fort Wayne, IN) awarded $63,672
  • Feb 27, 2024: HAMILTON SUNDSTRAND DE PUERTO RICO, INC. (Santa Isabel, PR) awarded $65,625
  • Feb 27, 2024: INTEGRATION INNOVATION, INC. (Huntsville, AL) awarded $4,286,115
  • Feb 27, 2024: ASHE AIRCRAFT ENTERPRISES LTD (Calgary, AB) awarded $492,363