What's driving the Commercial Aircraft Aftermarket Parts Market trends? LKD Aerospace, B/E Aerospace, Inc., Atlantis Systems Corp., Aventure International Aviation Services, General Electric Company, Pratt & Whitney, A J Walter Aviation Limited, Rockwell
A detailed study on ‘Commercial Aircraft Aftermarket Parts Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the projection timeline, while including their expansion strategies and portfolio.The global commercial aircraft aftermarket parts market size is estimated to reach USD 51.14 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study. The Commercial Aircraft Aftermarket Parts market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of aircrafts. Operators consider factors such as quality, price, convenience, and aircraft age before making informed decisions about repair and maintenance offered by market players.
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The well-known companies profiled in the commercial aircraft aftermarket parts report include LKD Aerospace, B/E Aerospace, Inc., Atlantis Systems Corp., Aventure International Aviation Services, General Electric Company, Pratt & Whitney, A J Walter Aviation Limited, Rockwell Collins, Honeywell International, and BF Goodrich among others.
The report Commercial Aircraft Aftermarket Parts Market Share, Size, Trends, & Industry Analysis Report, By Product Type (MRO parts, Rotable Replacement Parts, Others); By Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, and Regional Jet); By Region: Segment Forecast, 2018 - 2026 provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the MRO parts segment dominated the global commercial aircraft aftermarket parts industry, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
The expanding global commercial aircraft industry, along with increasing average age of commercial aircrafts majorly drives the market growth. Introduction of stringent regulations regarding safety and efficient aircraft operation pushes airline operators towards proper maintenance and repair of commercial aircrafts, which supports the market growth. Other factors driving market growth include growing need for upgrade, and repair of commercial aircrafts, technological advancements, rising demand for fuel-efficient commercial aircraft, and increasing air traffic. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for the market in the coming years.
In 2017, North America accounted for the highest share in the global Commercial Aircraft Aftermarket Parts industry. Increasing air traffic, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. Asia-pacific is expected to grow at the highest rate during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Stringent regulations regarding safety and operation of commercial aircrafts are expected to augment market growth during the forecast period.
These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The Report has segmented the global commercial aircraft aftermarket parts market on the basis of product type, aircraft type, and region:
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Commercial Aircraft Aftermarket Parts Product Type Outlook
MRO parts
Rotable Replacement Parts
Others
Commercial Aircraft Aftermarket Parts Aircraft Type Outlook
Wide Body Aircraft
Narrow Body Aircraft
Regional Jet
Table of Contents
1. Overview and Scope
2. Executive Summary
3. Commercial Aircraft Aftermarket Parts Market Insights
4. Commercial Aircraft Aftermarket Parts Market Size and Forecast, 2018-2026 by Product Type
5. Commercial Aircraft Aftermarket Parts Market Size and Forecast, 2018-2026 by Aircraft Type
6. Commercial Aircraft Aftermarket Parts Market Size and Forecast, 2018-2026 by Region
7. Company Profiles
7.1. LKD Aerospace
7.2. B/E Aerospace, Inc.
7.3. Atlantis Systems Corp.
7.4. Aventure International Aviation Services
7.5. General Electric Company
7.6. Pratt & Whitney
7.7. A J Walter Aviation Limited
7.8. Rockwell Collins
7.9. Honeywell International
7.10. BF Goodrich
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