Commercial Aircraft Aftermarket Market Analysis

  • Report ID: 2239
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

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:

     Component

  • Engine
  • Airframe
  • Interior
  • Cockpit Systems

     Aircraft

  • Narrow-Body
  • Wide-Body
  • Regional Jet

     Parts

  • Maintenance Repair & Operation Parts
  • MRO and Rotable Replacement Parts
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 2239
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increased requirement for timely maintenance of aircrafts, increasing age of aircraft fleet and increase in the number of retired aircraft to facilitate the Used Serviceable Materials (USM)

The market size of commercial aircraft aftermarket parts is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Leonardo S.p.A, Aventure International Aviation Services, Honeywell International Inc, Airbus SE, Parker Hannifin Corporation, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Subaru Corporation, Sojitz Corporation, Boeing and others.

The MRO and Rotable Replacement Parts segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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