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Commercial Aircraft Aftermarket Parts Market Segmentation By Component Type (Engine, Airframe, Interior, Cockpit Systems and Others); By Aircraft Type (Narrow-Body, Wide-Body and Regional Jet) and By Parts (Maintenance Repair & Operation Parts or MRO and Rotable Replacement Parts) – Global Demand Analysis and Opportunity Outlook 2028

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  • September 2019: Aventure International Aviation Services announced that it has acquired a Boeing 777-200ER aircraft from Delta Airlines. According to the senior vice president of the company, the airframe is being dismantled by Tarmac Aerosave and the refurbished and recertified harvested parts are to be made available to the end users over the time.

  • July 2019: Parker Hannifin Corporation announced that it has entered into an agreement to acquire Exotic Metals Forming Company LLC that designs and manufactures high temperature, high pressure air and exhaust management solutions for aircraft and engines.

Introduction to Commercial Aircraft Aftermarket Parts

Commercial aircraft aftermarket parts are referred to the manufacturing, remanufacturing, distribution, retailing and installation of all the replacement parts, equipment and accessories of a commercial aircraft. These parts may or may not be manufactured by the original equipment manufacturer (OEM). Usually, aftermarket parts are divided into two categories, i.e. replacement parts and accessories. Replacement parts are built or remanufactured to replace OE parts when they become worn or damaged. Accessories are made for comfort, convenience, performance, safety or customization for add-on after the original assembly of the aircraft.

Market Size and Forecast

The global commercial aircraft aftermarket parts market is thriving on the back of growing aviation industry and the increasing number of commercial aircraft in service. Increasing demand amongst consumers for travelling by aircraft, which can save their travel time is driving the need among aircraft operators to add new aircrafts to serve their customers adequately. According to the statistical report released by Aviation Benefits Beyond Borders (ATBB) by the Air Transport Action Group (ATAG), around 31,717 units of commercial aircraft were in service around the world in the year 2017, out of which 82.5% or 26,150 units were jets and 17.5% or 5,567 units were turboprops.

share of Aircraft

The market is anticipated to record a CAGR of around 6.21% throughout the forecast period, i.e. 2020-2028. The global commercial aircraft aftermarket parts market is segmented by component type into engine, airframe, interior, cockpit systems and others, out of which, cockpit systems is anticipated to hold the largest market share which is driven by increasing sales of business and general aviation avionics worldwide. Various technical issues have been observed in the cockpit systems due to increasing number of hours travelled by aircrafts that would require the need for timely maintenance and repair of faulty parts. According to the statistics by the Aircraft Electronics Association (AEA), total annual sales of aviation avionics (retrofit and forward-fit) increased from USD 2.26 billion in the year 2016 to USD 2.73 billion in the year 2018. CLICK TO DOWNLOAD SAMPLE REPORT

total annual sales

commercial Aircraft

Growth Drivers

Growing Need for Timely Maintenance of Aircrafts

According to the World Air Transport Statistics (2019) report of the International Air Transport Association (IATA), load factor for passenger traffic constituted to 81.9% and the load factor for freight traffic constituted to 49.3%. in the year 2019.


Aircraft carriers all over the world are on a buying spree with increasing number of aircraft fleet being purchased to handle the huge passenger and freight traffic in aircrafts. The flight running duration of aircraft carriers have been on the rise that has resulted in the need for timely maintenance of the aircrafts. As negligence in maintenance can cost aircraft carriers in billions, it is necessary to have a proper and timely maintenance system for aircrafts that can save time and money for airline operators. Further, increasing concerns for ensuring timely maintenance which can prevent any form of aviation accidents and incidents is also driving the demand amongst aircraft operators to repair the damaged parts on time. This can help the operators to minimize the chances of occurrence of any incidents that are associated with the operation of aircrafts. Moreover, aircraft maintenance at the right time can save the operators from incurring additional costs that may arise as a result of delay in servicing the aircrafts.

Increasing Age of Aircraft Fleet

According to the Bureau of Transportation Statistics, The total aircraft fleet of major aircraft operators was 5951 units in the year 2018, out of which, the average age of the aircraft fleet was recorded to 13.31 years.

Many aircraft carriers around the world are operating with aircrafts that have grown old over the time. Historically, developed nations were the first to own a large number of aircraft fleet, and with time, several developing nations started deploying aircrafts, which too are ageing over the time. Moreover, many small commercial aircraft operating players are using old aircrafts to avoid the burden of debt of purchasing new aircrafts. The challenge of ageing fleets amongst airline operators is driving the need among them to focus more on maintaining safety of the aircraft fleet by taking into account the aircraft’s airworthiness for repairs, alterations and modifications at comparatively lower costs. Such factors are anticipated to raise the demand for the global commercial aircraft aftermarket parts market over the forecast period.


Growing Concern for Inventory Costs Amongst Airlines

There is a rising concern amongst airline operators for the increasing inventory costs associated with the storage of spare parts affecting their operational expenditure. Additionally, several other factors, such as growing aircraft fuel costs, low fuel efficiency of old aircrafts and increasing additional operational expenditure are raising the concern amongst airline operators to minimize costs and deploy new aircraft fleet instead of old low fuel efficient aircrafts so as to minimize operational costs and stay profitable. Such factors are expected to impact the sales of the global commercial aircraft aftermarket parts manufacturers and hinder the growth of the market over the forecast period.

Market Segmentation

Our in-depth analysis of the global commercial aircraft aftermarket parts market includes the following segments:

By Component Type

  • Engine
  • Airframe
  • Interior
  • Cockpit Systems
  • Others

By Aircraft Type

  • Narrow-Body
  • Wide-Body
  • Regional Jet

By Parts

  • Maintenance Repair & Operation Parts (MRO)
  • Rotable Replacement Parts

By Region

On the basis of regional analysis, the global commercial aircraft aftermarket parts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is anticipated to hold the largest market share on the back of presence of a mature aviation market and comparatively a large number of ageing aircraft fleet. The increasing air traffic in the region is also anticipated to raise the demand for the repair of commercial aircrafts. Additionally, increasing exports of parts of aircrafts especially in nations such as USA and Canada are also anticipated to contribute significantly towards the growth of the market in the region. According to the International Trade Statistics Database of the United Nations (UN Comtrade), share of exports of parts of aircrafts in Canada increased from 1.65% in 2016 to 2.59% in 2017, and in USA, it increased from 18.11% in 2016 to 29.61% in 2017.

share of export

Additionally, Asia Pacific is anticipated to gain significant market share on the back of increasing passenger and freight traffic in the region. According to WATS 2019 of the IATA, Asia Pacific held around 34.3% share of the world scheduled passenger and freight traffic.

share of world

The global commercial aircraft aftermarket parts market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

  • Aventure International Aviation Services
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Parker Hannifin Corporation
  • Honeywell International Inc.
  • Meggitt PLC
  • United Technologies Corporation
  • Moog Inc.
  • The Goodyear Tire & Rubber Company
  • General Electric
  • GKN Aerospace Services Limited
  • Bombardier Inc.

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