PUBLISHER: IMARC | PRODUCT CODE: 1451796
PUBLISHER: IMARC | PRODUCT CODE: 1451796
Commercial Aircraft Aftermarket Parts Market Report by Component Type, Parts (Maintenance Repair and Operation Parts, Rotable Replacement Parts), Aircraft Type, and Region 2024-2032
The global commercial aircraft aftermarket parts market size reached US$ 42.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 69.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032. The bolstering growth of the aviation industry, the rising demand for proper maintenance, upgrade, and repair of commercial aircraft, and the implementation of stringent regulations regarding aircraft maintenance represent some of the key factors driving the market.
Commercial aircraft aftermarket parts are components and systems used in the maintenance, repair, and overhaul of commercial aircraft after they have been delivered from the original equipment manufacturer (OEM). These parts are used to replace worn and damaged parts or upgrade existing systems to improve aircraft performance or meet new regulatory requirements, ensuring that the aircraft remain safe, reliable, and efficient. Some of the standard commercial aircraft aftermarket parts include engines, avionics, landing gear, electrical systems, and interior components. They can be sourced from various suppliers, including third-party manufacturers and distributors. Aftermarket parts are usually more economical than OEM parts and help lower maintenance costs. Apart from this, their vast and easy availability reduces aircraft downtime and improves operational efficiency.
Commercial Aircraft Aftermarket Parts Market Trends:
One of the primary factors driving the market growth is the increasing air traffic and demand for air travel, which, in turn, is fueling the need for aftermarket parts to support the maintenance, repair, and upgrade of existing aircraft fleets. Besides this, the emerging trends of aircraft leasing and exchange programs, as well as the implementation of stringent regulations for aircraft maintenance, are strengthening the expanding market. Moreover, the increase in retirements and the aging of the global aircraft fleet is further impelling the need for consistent maintenance, repair, and overhaul activities to improve longevity and address safety concerns, thus creating a favorable outlook for the market. Concurrent with this, the rising product demand to support the expanding fleets of low-cost carriers and ensure enhanced safety and efficiency is presenting remunerative growth opportunities for the market. In addition to this, the shifting preference for outsourcing aircraft maintenance services and the extensive focus on cost reduction among airlines is catalyzing the demand for aftermarket parts that offer better value for money than OEM parts. This, in confluence with the surge in the use of e-commerce channels for procuring aftermarket aviation parts, is acting as a significant growth-inducing factor. Furthermore, ongoing technological advancements in the industry are generating an increasing demand for aftermarket parts that support new technologies and capabilities, which, in turn, is propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global commercial aircraft aftermarket parts market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component type, parts, and aircraft type.
Component Type Insights:
Engine
Airframe
Interior
Others
The report has provided a detailed breakup and analysis of the commercial aircraft aftermarket parts market based on the component type. This includes engine, airframe, interior, and others. According to the report, engine represented the largest segment.
Parts Insights:
Maintenance Repair and Operation Parts (MRO)
Rotable Replacement Parts
A detailed breakup and analysis of the commercial aircraft aftermarket parts market based on the parts has also been provided in the report. This includes maintenance repair and operation parts (MRO) and rotable replacement parts. According to the report, maintenance repair and operation parts (MRO) accounted for the largest market share.
Aircraft Type Insights:
Narrow-body
Wide-body
Regional Jet
The report has provided a detailed breakup and analysis of the commercial aircraft aftermarket parts market based on the aircraft type. This includes narrow-body, wide-body, and regional jets. According to the report, narrow-body represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for commercial aircraft aftermarket parts. Some of the factors driving the North America commercial aircraft aftermarket parts market included the increasing demand for air travel, the implementation of stringent government regulations regarding proper maintenance, and the expanding airline fleets.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global commercial aircraft aftermarket parts market. Detailed profiles of all major companies have been provided. Some of the companies covered include A J Walter Aviation Limited, AAR Corp., Aventure International Aviation Services LLC, Bombardier Inc, General Electric Company, GKN Aerospace (Melrose Industries), Honeywell International Inc., Moog Inc., Raytheon Technologies Corporation, The Boeing Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global commercial aircraft aftermarket parts market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global commercial aircraft aftermarket parts market?
- What is the impact of each driver, restraint, and opportunity on the global commercial aircraft aftermarket parts market?
- What are the key regional markets?
- Which countries represent the most attractive commercial aircraft aftermarket parts market?
- What is the breakup of the market based on the component type?
- Which is the most attractive component type in the commercial aircraft aftermarket parts market?
- What is the breakup of the market based on the parts?
- Which is the most attractive part in the commercial aircraft aftermarket parts market?
- What is the breakup of the market based on the aircraft type?
- Which is the most attractive aircraft type in the commercial aircraft aftermarket parts market?
- What is the competitive structure of the global commercial aircraft aftermarket parts market?
- Who are the key players/companies in the global commercial aircraft aftermarket parts market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Commercial Aircraft Aftermarket Parts Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component Type
- 6.1 Engine
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Airframe
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Interior
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Parts
- 7.1 Maintenance Repair and Operation Parts (MRO)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Rotable Replacement Parts
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Aircraft Type
- 8.1 Narrow-body
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Wide-body
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Regional Jet
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 A J Walter Aviation Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 AAR Corp.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Aventure International Aviation Services LLC
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Bombardier Inc
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 General Electric Company
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 GKN Aerospace (Melrose Industries)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Honeywell International Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Moog Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Raytheon Technologies Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 The Boeing Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 A J Walter Aviation Limited
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Commercial Aircraft Aftermarket Parts Market: Major Drivers and Challenges
- Figure 2: Global: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Commercial Aircraft Aftermarket Parts Market: Breakup by Component Type (in %), 2023
- Figure 5: Global: Commercial Aircraft Aftermarket Parts Market: Breakup by Parts (in %), 2023
- Figure 6: Global: Commercial Aircraft Aftermarket Parts Market: Breakup by Aircraft Type (in %), 2023
- Figure 7: Global: Commercial Aircraft Aftermarket Parts Market: Breakup by Region (in %), 2023
- Figure 8: Global: Commercial Aircraft Aftermarket Parts (Engine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Commercial Aircraft Aftermarket Parts (Engine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Commercial Aircraft Aftermarket Parts (Airframe) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Commercial Aircraft Aftermarket Parts (Airframe) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Commercial Aircraft Aftermarket Parts (Interior) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Commercial Aircraft Aftermarket Parts (Interior) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Commercial Aircraft Aftermarket Parts (Other Component Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Commercial Aircraft Aftermarket Parts (Other Component Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Commercial Aircraft Aftermarket Parts (Maintenance Repair and Operation Parts (MRO)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Commercial Aircraft Aftermarket Parts (Maintenance Repair and Operation Parts (MRO)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Commercial Aircraft Aftermarket Parts (Rotable Replacement Parts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Commercial Aircraft Aftermarket Parts (Rotable Replacement Parts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Commercial Aircraft Aftermarket Parts (Narrow-body) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Commercial Aircraft Aftermarket Parts (Narrow-body) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Commercial Aircraft Aftermarket Parts (Wide-body) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Commercial Aircraft Aftermarket Parts (Wide-body) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Commercial Aircraft Aftermarket Parts (Regional Jet) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Commercial Aircraft Aftermarket Parts (Regional Jet) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: Commercial Aircraft Aftermarket Parts Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: Commercial Aircraft Aftermarket Parts Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: Commercial Aircraft Aftermarket Parts Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: Commercial Aircraft Aftermarket Parts Industry: Drivers, Restraints, and Opportunities
- Figure 76: Global: Commercial Aircraft Aftermarket Parts Industry: Value Chain Analysis
- Figure 77: Global: Commercial Aircraft Aftermarket Parts Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Commercial Aircraft Aftermarket Parts Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Commercial Aircraft Aftermarket Parts Market Forecast: Breakup by Component Type (in Million US$), 2024-2032
- Table 3: Global: Commercial Aircraft Aftermarket Parts Market Forecast: Breakup by Parts (in Million US$), 2024-2032
- Table 4: Global: Commercial Aircraft Aftermarket Parts Market Forecast: Breakup by Aircraft Type (in Million US$), 2024-2032
- Table 5: Global: Commercial Aircraft Aftermarket Parts Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Commercial Aircraft Aftermarket Parts Market: Competitive Structure
- Table 7: Global: Commercial Aircraft Aftermarket Parts Market: Key Players
