Global Commercial Aircraft Aftermarket Parts Market

Aircraft aftermarket parts are principally used in the maintenance and upgrade exercises on an airplane after it is produced (out of the factory). Since aircrafts remain in service for a long time, and have to comply with strict regulations, they must be maintained and repaired at various intervals. This requires a reliable supply chain of aftermarket parts to forestall or prevent aircraft on ground (AOG) situations. Aftermarket parts are mainly utilized for maintenance, repair, and operations (MRO) activities and also as rotable scrap replacement. Aftermarket parts are always manufactured by Original Equipment Manufacturers (OEM) as well as by the Parts Manufacturer Approval (PMA) vendors.

Market Dynamics

The major driver for growth of this market is a boom in the aviation industry and the subsequent demand for newer fleets in the Asia-Pacific region due to the boom.Cost-efficient solutions through aftermarket PMA parts and E-platform are also some of the drivers for this market. Also as the airlines keep on changing the aircrafts according to the need of customers this also drives the market for aftermarket parts.

Delays faced due to the custom regulations of the different countries is the major challenge faced by this market.

Market Segmentation

The market for Global Commercial Aircraft Aftermarket Parts is primarily divided by two categories, they are

1) By Parts

--> MRO Parts

--> Rotable Replacement Parts

2) By Type of Aircraft

--> Narrow-body

--> Wide-body

--> Regional Aircraft

Geographic Analysis

Unlike North America and Europe, which are very well associated by air, most nations in Asia-Pacific have restricted connectivity. Much of which has to do with the limited infrastructure and air traffic. However, due to the rising disposable income of the people in this region, air travel is fast becoming very popular. As a result, the Asia-Pacific region will hold the highest share in jet orders, and therefore is projected to be home for the largest aftermarket parts market at the end of the forecast period of 2022.

Key Players

There are a large number of companies that are involved in this market. Some of them are mentioned below;

Aventure Aviation, Honeywell, Lkd Aerospace, Atlantis Systems Corp., B/E Aerospace, Meggit, Parker Hannifin, Ajw Aviation, Lkd Aerospace, Eaton, Aar

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage