Commercial Aircraft Aftermarket Parts Market Country Level Analysis, Current Market Size and Future Prospective with Key Company Profiles

Market Synopsis of Commercial Aircraft Aftermarket Parts market

The global Commercial Aircraft Aftermarkets Parts market is expected to grow at a CAGR of around 6% during 2016-2021. The key driving factors is the availability of the aircraft aftermarket parts on e-platforms, growing fleet size, and availability of cost effective PMA parts from MRO providers.

As per the MRFR analysis, factors restraining the market growth are strong opposition from OEMs, delay in customs clearance for aircraft spare parts and high import duties on value-added taxes for aircraft spare parts.

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Industry/ Innovation/ Related News:

February, 2018 – Pratt & Whitney signed 15 year EngineWise fleet management agreement with Turkish airlines. The agreement will cover Turkish Airlines' future fleet of 92 A321neo aircraft powered by the Pratt & Whitney Geared Turbofan™ (GTF) engines.

October, 2016 – Rockwell Collins announced new service contract to repair Rockwell Collins systems on board a critical transport aircraft, an enhanced aircraft connectivity advancement, in addition to a new aftermarket upgrade for its MultiScan weather radar.

Key Players

Some of the key players in the commercial aircraft aftermarket parts are AAR, Eaton, General electric, Honeywell International , Rockwell Collins, AJW aviation, avail, BE aerospace, BF Goodrich, Meggitt, Parker-Hannifin, and Pratt& Whitney.

Commercial Aircraft Aftermarket Parts Market – Segmentation

The global commercial aircraft aftermarket parts market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Parts                      : Comprises MRO parts and Rotable Scrap Replacement Parts

Segmentation by Aircraft Type       : Comprises Wide body Aircraft, Narrow body Aircraft and Regional Jet

Segmentation by Regions                 : Comprises Geographical regions - North America, Europe, Asia Pacific, Middle East & Africa and Rest of the World.

Commercial Aircraft Aftermarket Parts Market: Regional Analysis

European market is dominating the market of commercial aircraft aftermarket parts market due to higher share of wide body aircrafts in their fleet. Thus, as the aircraft fleet grow globally, so does the requirement for aftermarket parts for those aircrafts.

Asia-Pacific is referred to as the second-largest commercial aircraft aftermarket parts market due to factors such as growth in aircraft fleet have fuelled the demand for aircraft aftermarket parts market.

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