Press release
Commercial Aircraft Aftermarket Parts Market 2018-2023 | AAR, Eaton, General electric, Honeywell, Rockwell Collins, AJW aviation, BE aerospace, BF Goodrich, Meggitt, Parker-Hannifin and Pratt& Whitney
Commercial Aircraft Aftermarket Parts
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.
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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.
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.
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.
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Scope of Report
The market report for Global Commercial Aircraft Aftermarket Parts Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of Commercial Aircraft Aftermarket Parts Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Commercial Aircraft Aftermarket Parts market
• To provide insights about factors affecting the market growth
• To analyse the aircraft aftermarket parts Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country-level analysis of the market with respect to the current market size and future prospective
• To provide country-level analysis of the market for segment by parts and aircraft types.
• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Aircraft Aftermarket Parts Market.
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