Commercial Aircraft Aftermarket Parts Market Analysis

End user Segment Analysis

The commercial aviation sub segment is leading the end user segment in the market and is poised to hold the share value 75.6% by 2035. The segment is driven by the need to comply with mandatory airworthiness directives and scheduled checks to ensure fleet safety and reliability. The scale of this demand is witnessed in the U.S. Bureau of Transportation Statistics report in March 2023, indicating that the U.S. airlines transported an estimated 853 million passengers, a significant recovery from previous years, directly correlating to increased aircraft utilization and subsequent parts consumption for maintenance. This operational rebound solidifies the airlines' positions as the primary source of aftermarket demand. Further, the rapid expansion of aircraft leasing and the return of stored aircraft into active service are intensifying heavy maintenance visits, accelerating demand for certified aftermarket components and consumables across the commercial aviation segment.

Product Type Segment Analysis

The MRO parts replacement sub-segment holds the largest product type share as it encompasses the essential non-discretionary replacement of components to meet the strict regulatory maintenance schedules. This demand is inelastic and cyclical, driven by the flight hours and cycles. The critical volume of this activity is underscored by the regulatory oversight. The Federal Aviation Administration has issued new airworthiness directives, a key indicator of mandated inspection and replacement actions that directly fuel the MRO parts market. This continuous regulatory-driven requirement ensures the segments' sustained revenue dominance. Further, the aging global aircraft fleet and extended service life strategies adopted by the airlines are increasing the frequency and scope of component overhauls, further reinforcing the steady high volume demand for MRO parts replacement. 

Aircraft Type Segment Analysis

The narrow-body aircraft is the leading segment in the commercial aircraft aftermarket parts market. The direct result of their massive global fleet size and high utilization on dense short to medium haul routes accelerates the wear and maintenance intervals. The fleet’s growth relies on Boeing’s June 2023 commercial market report, stating that the single-aisle aircraft accounted for over 75% of the projected global demand for new airplanes over the next 20 years, ensuring their installed base and thus their aftermarket parts consumption will continue to expand. This ongoing fleet expansion indicates the narrow-body segment’s long-term leadership in aftermarket part volumes. Moreover, the dominance of the low-cost carriers operating the narrowbody fleets with high daily flight cycles boosts the maintenance frequency, further driving the repeat aftermarket parts demand.

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