Press release
Commercial Aircraft Aftermarket Parts Market Prognosticated To Escalate With A Staggering CAGR; MRFR Unleashes Industry Insights Up To 2023
Global Commercial Aircraft Aftermarket Parts Market – Overview
The global commercial aircraft aftermarket parts market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of commercial aircraft aftermarket parts will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).
The high demand for commercial aircraft aftermarket parts is due to the growth in the aircraft component industry. An aircraft aftermarket parts are mainly used in the maintenance and upgrade activity on an airplane after it is manufactured. Aftermarket parts are mainly utilized for MRO activities and also as rotable scrap replacement. Aftermarket parts are manufactured by the original equipment manufacturers (OEMs) as well as the parts manufacturer approval (PMA) vendors. However the delay in customs clearance for aircraft spare parts and high import duties on value-added taxes for aircraft spare parts acts as a barrier for the growth of commercial aircraft aftermarket parts market.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1382
AAR, Eaton, General electric, Honeywell International, Rockwell Collins, AJW aviation, avail, BE aerospace, BF Goodrich, Meggitt, Parker-Hannifin, and Pratt& Whitney and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global commercial aircraft aftermarket parts market.
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.
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.
Browse Full Report @ https://www.marketresearchfuture.com/reports/commercial-aircraft-aftermarket-parts-market-1382
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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