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Aircraft Aftermarket Parts Market Research Report – Global Industry Forecast To 2023

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Aircraft Aftermarket Parts Market: Information by Parts (MRO Parts, Rotable Scrap Replacement Parts, Consumable, Expendable), Application (Commercial and Military), Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2023 – PowerPoint PPT presentation

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Title: Aircraft Aftermarket Parts Market Research Report – Global Industry Forecast To 2023


1
Commercial Aircraft Aftermarket Parts Market
Research Report By Forecast To 2021
Industry Survey, Growth, Competitive
Landscape and Forecasts to 2021
2
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
Global Commercial Aircraft Aftermarket Parts
Market by Parts (MRO parts and Rotable Scarp
Replacement Parts), by Aircraft Type (Wide body
Aircraft, Narrow body Aircraft, and Regional
Jet), by Geography - Forecast To 2021
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
2021, which will be a surplus growth at a
moderate CAGR during the projected period (2016
-2021). 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. The commercial aircraft aftermarket
is completely dependent on the growth of
aircrafts in service. Thus, the increasing or
decreasing demand of the aircraft service
directly has an impact on the market. To support
the spare part requirement for their fleet,
airlines usually maintain inventory of aircraft
spare parts to prevent AOG situations which costs
thousands of dollars per hour. MRO providers and
Third Party Companies which are a part of
aircraft aftermarket parts industry also maintain
inventory of such parts. Another factor
responsible for the increase in commercial
aircraft aftermarket parts is the growing
involvement of OEMs providing total
carehttps//www.marketresearchfuture.com/reports/c
ommercial-aircraft-aftermarket-parts-market-1382
programs to attract customers towards them and
capture a share of this lucrative market has also
supported the growth in the market. This is the
primary factor that drives the growth of the
commercial aircraft aftermarket parts market and
has gained prevalence in the recent times, rise
in global online aviation spare parts platform.
Thus, the growth of the commercial aircraft
aftermarket parts market is expected to go hand
in hand with the growth of aircraft industry.
Get TOC _at_ https//www.marketresearchfuture.com/req
uest-toc/1382
3
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
Global Commercial Aircraft Aftermarket Parts
Market ( billion), 2016-2021
4
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
Despite the challenges, the market is expected to
continue growing in the future. One of the trends
helping this is the renewal of aircraft fleet.
Hundreds of older aircrafts are being retired
every year globally and replaced with new and
efficient fleet. This has increased the
availability of surplus parts in the market
obtained from retired aircrafts. This opens up
new opportunities for all the players in this
market. Similarly, PMA vendors are also gaining
more acceptance globally as the providers of
aftermarket parts. Due to the opportunities for
growth in the market, and cost advantages of PMA
parts, they will continue to make a presence in
the market. Similarly, there has been a trend of
market consolidation in this sector and it is
likely to increase with the formation of larger
companies with broader offerings. Bigger and
diverse companies can provide better services at
larger scale. There were about 1,700 commercial
jets retirements in the 1990s. Due to the high
fuel prices, fleet demographics and new efficient
aircrafts and engines, this number is estimated
to reach about 6,000 - 8,000 this decade. This
magnitude of retirements for aircrafts will have
a significant impact on the 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.
Send Enquiry _at_ https//www.marketresearchfuture.co
m/enquiry/1382
5
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
Market Segmentation of Global Commercial Aircraft
Aftermarket Parts Market
6
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
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.
Report Sample _at_ https//www.marketresearchfuture.c
om/sample_request/1382
7
Commercial Aircraft Aftermarket Parts Market
Research Report - Forecast to 2021
Commercial Aircraft Aftermarket Parts Market
Key Players
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.
Browse Report_at_ https//www.marketresearchfuture.co
m/reports/commercial-aircraft-aftermarket-parts-ma
rket-1382
8
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
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Research Reports (HCRR), Raw Research Reports
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Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
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to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright
2018 Market Research Future All Rights Reserved.
This document contains highly confidential
information and is the sole property of Market
Research Future. No part of it may be circulated,
copied, quoted, or otherwise reproduced without
the written approval of Market Research Future.
9
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