Aircraft AfterMarket Size, Share, Trends, Demand & Industry Analysis by 2032

The global aircraft aftermarket parts market size is expected to gain momentum by reaching USD 93.52 billion by 2032 while exhibiting a CAGR of 8.5% between 2024 and 2032. This information is published by Fortune Business Insights in its latest report, titled, "Aircraft Aftermarket Parts Market, 2024-2032." The report further mentions that the market stood at USD 42.94 billion in 2023. Factors such as the increasing number of phasing out of the aging aircraft and the estimated growth in air travel in near future is expected to favor the product's demand. For instance, according to Airbus SAS, the growth of the passenger fleets will double from 21,000 aircraft in 2019 to 45,000 by 2035 due to the rising air travel worldwide.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-aftermarket-parts-market-105451

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞?
The global market for aviation PMO parts report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐀𝐟𝐭𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭 𝐏𝐚𝐫𝐭𝐬:
• The Boeing Company (The US)
• Collins Aerospace (The US)
• Honeywell International Inc. (The US)
• General Electric Company (The US)
• Eaton Technologies (The US)
• Meggitt PLC (The UK)
• UTC Aerospace Systems (The US)
• AJW Group (The UK)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐩𝐚𝐫𝐭𝐬 𝐭𝐲𝐩𝐞, 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐛𝐢𝐟𝐮𝐫𝐜𝐚𝐭𝐞𝐝 𝐢𝐧𝐭𝐨 𝐌𝐑𝐎 𝐩𝐚𝐫𝐭𝐬 𝐚𝐧𝐝 𝐫𝐨𝐭𝐚𝐛𝐥𝐞 𝐫𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 𝐩𝐚𝐫𝐭𝐬.
• Based on parts type, the MRO parts segment held a market share of about 66.9% and is expected to dominate during the forecast period. This is due to increasing demand for maintenance of next-generation aircraft worldwide.
On the basis of component type, the market is categorized into engine, airframe, interior, cockpit systems, and others. Moreover, on the basis of platform, the market is segmented into narrow-body, wide-body, and regional aircraft. Lastly, on the basis of region, the market is divided into Rest of the World, Asia-Pacific, North America, and Europe.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/aircraft-aftermarket-parts-market-105451

𝐃𝐑𝐈𝐕𝐈𝐍𝐆 𝐅𝐀𝐂𝐓𝐎𝐑𝐒
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐏𝐡𝐚𝐬𝐞𝐝 𝐎𝐮𝐭 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The COVID-19 has disrupted the aviation industry due to reduced demand for air travel. The government worldwide had put traveling restrictions to contain the spread of the disease. Therefore, the coronavirus resulted in several airlines phasing out their aging airlines across the globe. This is expected to drive the demand for aircraft disassembly, dismantling, and recycling services that will contribute to the global aviation PMO parts market growth in the forthcoming years.

𝐑𝐄𝐆𝐈𝐎𝐍𝐀𝐋 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 - The region is expected to dominate the market and hold the largest global Aircraft Aftermarket Parts market share during the forecast period. This is attributable to the increasing investment by the companies to expand their aftermarket service facilities in countries such as the U.S. North America stood at USD 11.45 billion in 2020.

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 - The region is expected to showcase significant growth backed by the increasing focus of the manufacturers to establish aftermarket hubs in countries such as Singapore, Japan, and Australia that will drive the adoption of aviation PMO parts in the region.

𝐂𝐎𝐌𝐏𝐄𝐓𝐈𝐓𝐈𝐕𝐄 𝐋𝐀𝐍𝐃𝐒𝐂𝐀𝐏𝐄:
𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐛𝐲 𝐌𝐚𝐣𝐨𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐀𝐦𝐩𝐥𝐢𝐟𝐲 𝐓𝐡𝐞𝐢𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬

The market is segmented into several major companies striving to maintain their dominance by expanding their aviation PMO parts facilities to cater to the growing demand for aircraft maintenance applications. Additionally, the adoption of strategies such as merger and acquisition, collaboration, and partnership by other key players is expected to boost market growth during the forecast period.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟑- SR Technics announced the launch of STRADE, a trading platform for commercial aircraft spare parts. The platform aims at providing component sale, lease, and exchange services to its customers in the aircraft after-service domain.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/aircraft-aftermarket-parts-market-105451

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐄𝐧𝐠𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/aircraft-engine-market-101766

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐉𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/business-jet-market-101585

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐃𝐢𝐬𝐚𝐬𝐬𝐞𝐦𝐛𝐥𝐲, 𝐃𝐢𝐬𝐦𝐚𝐧𝐭𝐥𝐢𝐧𝐠 𝐚𝐧𝐝 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/commercial-aircraft-disassembly-dismantling-and-recycling-market-103584

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This release was published on openPR.