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.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Commercial Aircraft Aftermarket Parts Market Prognosticated To Escalate With A Staggering CAGR; MRFR Unleashes Industry Insights Up To 2023 here
News-ID: 1026029 • Views: …
More Releases from Market Research Future (MRFR)
Advanced Metering Infrastructure (AMI) Market to Grow at 8.50% CAGR by 2035 Enab …
Advanced Metering Infrastructure (AMI) has emerged as a cornerstone of modern utility management, transforming how electricity, gas, and water consumption is measured, monitored, and managed. AMI integrates smart meters, communication networks, and data management systems to enable two-way communication between utilities and end users.
This shift from traditional metering to digital, intelligent systems is driven by the global push for energy efficiency, grid modernization, and improved customer engagement. Utilities worldwide…
GLP-1 Drug Market Size is projected to grow from 12.19 USD Billion in 2025 to 42 …
The GLP-1 Drug Market: A Comprehensive Outlook on Growth, Trends, Players, and Regional Dynamics
The global market for GLP-1 (glucagon-like peptide-1) drugs has emerged as one of the most dynamic and rapidly expanding segments in the pharmaceutical industry, driven by escalating rates of type 2 diabetes, obesity, and associated cardiometabolic disorders. Originally developed to improve glycemic control in patients with diabetes, GLP-1 receptor agonists have demonstrated significant benefits beyond glucose management,…
Gear Pump Market to Reach USD 6.492 Billion by 2035 | CAGR 2.92%
The gear pump market plays a crucial role in modern industrial and commercial operations, driven by its ability to handle high-viscosity fluids with consistent flow and high reliability. Gear pumps are widely used across industries such as oil & gas, chemical processing, automotive, power generation, food & beverages, and construction equipment. Their compact design, durability, and efficiency make them an essential component in hydraulic systems, lubrication systems, and fluid transfer…
Compact Inverter Technology Market to Hit USD 33.4 Billion by 2035 | CAGR 8.34%
The Compact Inverter Technology Market is gaining significant momentum as industries and consumers increasingly prioritize energy efficiency, space optimization, and reliable power conversion solutions. Compact inverters, known for their small form factor, lightweight design, and high efficiency, are becoming essential across sectors such as renewable energy, industrial automation, consumer electronics, electric vehicles, and power backup systems.
With rapid urbanization, growing renewable energy installations, and rising demand for uninterrupted power supply,…
More Releases for Aircraft
Private Plane Market Analysis By Top Keyplayers - American Champion Aircraft, Bu …
The "Private Plane Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Private Plane Market, 2024-2031
Verified Market Research's most recent report, "Private Plane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth…
Aircraft Lighting Systems Market : Commercial Aircraft, General Aviation and Pri …
According to a new report published by Allied Market Research, titled, "Aircraft Lighting Systems Market," The aircraft lighting systems market was valued at $1.5 billion in 2020, and is estimated to reach $2.3 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/2405
The aircraft lighting system industry holds a great potential in the future, owing to the rise in the global aviation…
Aircraft Refurbishing Market : Very light aircraft, Wide body aircraft, Narrow b …
The global aircraft refurbishing market was valued at $456.7 million in 2021, and is projected to reach $932.5 million by 2031, growing at a CAGR of 7.2% from 2022 to 2031.
Sample Report with Latest Industry Trends - https://www.alliedmarketresearch.com/request-toc-and-sample/9465
COVID-19 scenario analysis:
Aircraft refurbishing market might be among those exceptions of industries which are surviving despite COVID-19 pandemic, even more demand is expected to soar post pandemic.
Aircraft refurbishing market as a whole was…
Aircraft Refurbishing Market : Very light aircraft, Wide body aircraft, Narrow b …
The global aircraft refurbishing market was valued at $456.7 million in 2021, and is projected to reach $932.5 million by 2031, growing at a CAGR of 7.2% from 2022 to 2031 by Refurbishing Service (Interior, Exterior), by Aircraft Type (Very light aircraft, Wide body aircraft, Narrow body aircraft, Large body aircraft, VIP aircraft), by Type (Passenger to freighter, Commercial Aircraft Cabin, VIP Cabin Refurbishing), by End Use (Government, Commercial): Global…
Global Aircraft Line Maintenance Market By Aircraft Type: Narrow Body Aircraft ( …
According to the latest research by SkyQuest Technology, the Global Aircraft Line Maintenance Market was valued at USD 18.38 billion in 2021, and it is expected to reach USD 28.53 billion by 2028, with a CAGR of 5.80% during the forecast period of 2022 - 2028. The research provides up-to-date Aircraft Line Maintenance market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Get full report…
Aircraft Cables Market End User (Commercial Aircraft, Private Aircraft, Defense …
Aircraft cable is a type of cable, which mainly finds application in the aircraft industry. The high strength and versatile aircraft cable can also be used for various pushing and pulling applications that includes sheaves, pulleys, and winches among others. The size of the aircraft cable is between 0.047 inches to 0.375 inches, and constructed in various strand namely 1X7 strand, 1X19 strand, 7X7 strand, and 7X19 strand.
Get Sample…
