Commercial Aircraft Aftermarket Market Analysis

Parts (Maintenance Repair & Operation Parts, MRO and Routable Replacement Parts)

The MRO and Routable Replacement Parts segment is expected to hold the largest market share of 33% during the forecast period. The increasing demand for modernized aircraft and the growing need for timely maintenance for such advanced aircraft. Moreover, MRO assets management helps in the reduction of storage space requirements. With the use of a modern industrial maintenance strategy, aircraft owners may manage warranties more successfully. These factors are escalating the market growth of MRO parts.

Aircraft (Narrow-Body, Wide-Body, Regional Jet)

Narrow-body holds the largest market share owing to the rising demand for domestic flights with low-cost charter fleets. By far the largest engine producer in the world, CFM International had 71% of the market for narrow-body aircraft engines as of May 2019. The increasing number of domestic flights is increasing the number of aircraft maintenance services. Moreover, the seat width in the narrow-bodied aircraft is much more comfortable than that of the wide-body aircraft. In addition to this, the fuel consumption of narrow-bodied aircraft is less than other broader parts which is likely to drive the market growth of narrow-body aircraft.

Our in-depth analysis of the global market includes the following segments: