IMARC Group, a leading market research company, has recently released a report titled “Commercial Aircraft Aftermarket Parts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global commercial aircraft aftermarket parts market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Commercial Aircraft Aftermarket Parts Market?

The global commercial aircraft aftermarket parts market size reached US$ 39.51 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 57.28 Billion by 2028, exhibiting a growth rate (CAGR) of 6.30% during 2023-2028.

What are Commercial Aircraft Aftermarket Parts?

Commercial aircraft aftermarket parts are components and systems used in the maintenance, repair, and overhaul of commercial aircraft after they have been delivered from the original equipment manufacturer (OEM). Some of the standard parts include engines, avionics, landing gear, electrical systems, and interior components. They can be sourced from numerous suppliers, such as third-party manufacturers and distributors. Aftermarket parts are usually more economical than OEM parts and help lower maintenance costs. Their vast and easy availability also reduces aircraft downtime and improves operational efficiency.

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What are the Growth Prospects and Trends in the Commercial Aircraft Aftermarket Parts Industry?

The escalating demand for air travel is fueling the need for aftermarket parts to support the maintenance, repair, and upgrade of existing aircraft fleets, which is among the key factors driving the commercial aircraft aftermarket parts market. Moreover, the emerging trends of aircraft leasing and exchange programs and the implementation of stringent regulations for aircraft maintenance are also stimulating the market growth. Besides this, the increasing retirements and the aging of the global aircraft fleet are impelling the requirement for consistent maintenance, repair, and overhaul activities to improve longevity and address safety concerns, which is acting as another significant growth-inducing factor. Furthermore, the shifting preferences for outsourcing aircraft maintenance services and the rising focus on cost reduction among airlines are further propelling the global market. Apart from this, the widespread adoption of e-commerce channels for procuring aftermarket aviation parts is positively influencing the market growth. Additionally, ongoing technological advancements in the industry are generating an elevating demand for aftermarket parts that support new technologies and capabilities, which is anticipated to fuel the commercial aircraft aftermarket parts market over the forecasted period.

Who are the Key Players Operating in the Commercial Aircraft Aftermarket Parts Market?

The report has also provided a comprehensive analysis of the competitive landscape in the global commercial aircraft aftermarket parts market. Some of the companies covered include

  • A J Walter Aviation Limited
  • AAR Corp.
  • Aventure International Aviation Services LLC
  • Bombardier Inc
  • General Electric Company
  • GKN Aerospace (Melrose Industries)
  • Honeywell International Inc.
  • Moog Inc.
  • Raytheon Technologies Corporation
  • The Boeing Company

What is Included in Market Segmentation?

The report has categorized the market based on component type, parts, and aircraft type.

Component Type Insights:

  • Engine
  • Airframe
  • Interior
  • Others

Parts Insights:

  • Maintenance Repair and Operation Parts (MRO)
  • Rotable Replacement Parts

Aircraft Type Insights:

  • Narrow-body
  • Wide-body
  • Regional Jet

Regional Analysis:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

 Key Highlights of the Report:  

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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