Global Aircraft aftermarket parts Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Pune , India - June 4, 2019 /MarketersMedia/ —

Aircraft aftermarket parts Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Parts (MRO Parts, Rotable Scrap Replacement Parts, Consumable, Expendable), Application (Commercial and Military), Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2023

Market Overview:

In recent years, the aviation industry has been focusing on investing in establishing a greater number of MRO facilities fueled by advancements in MRO equipment and machines. Concurrently, favorable government policies such as exemption from customs and duties are expected to drive investments in the aircraft aftermarket parts market.

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Leading Players

• AAR (US)
• A.J. Walter Aviation Limited (UK)
• Aviall (US)
• Eaton (Ireland)
• General Electric (US)
• Honeywell International Inc. (US)
• Meggitt PLC (England)
• Parker Hannifin Corporation (US)
• Collins Aerospace (US)
• Kellstrom Aerospace (US)

Key Developments

In January 2019, AAR signed a seven-year contract with the Danish Defence Acquisition and Logistics Organisation (DALO) to provide MRO services for Pratt & Whitney F100-220 engine components.

In November 2018, AAR signed a five-year contract worth USD 51 million with the US Marshals Service (USMS) to provide maintenance and logistics support services for the Boeing 737 series aircraft.

In March 2019, A.J. Walter Aviation Limited signed a contract with SmartLynx Airlines to provide consumables and expendables.

In December 2018, Meggitt PLC signed a long-term contract for five years with Turkish Technic for the supply of MRO and spares services. Meggitt will provide products and services such as high-performance sensing systems, fire protection and control, fluid control, pneumatic, thermal management, and electro-mechanical equipment.

In June 2017, Parker Hannifin Corp. launched Parker360 to provide world-class aerospace aftermarket solutions on a single platform.

Segmental Analysis

The global aircraft aftermarket parts market has been segmented based on parts, application, and region.

On the basis of parts, the global aircraft aftermarket parts market has been classified as MRO parts, rotable scrap replacement parts, consumable, and expendable. The MRO parts segment is estimated to be the largest while the rotable scrap replacement parts segment is expected to be the fastest-growing during the forecast period. Maintenance, repair, and overhaul (MRO) parts include engines, components, and airframe parts. MRO is carried out by companies to retain or restore aircraft parts for smooth functioning. In the US, all companies offering MRO services must be certified by the FAA, and all employees must be trained and qualified. Airlines also have to carry out MRO services at certified stations.

Based on application, the aircraft aftermarket parts market has been divided into commercial and military. The commercial segment is projected to be larger and the military segment is estimated to register the higher CAGR during the forecast period. Commercial aircraft are used to transport passengers, cargo, and mail. They include narrow-body and wide-body aircraft. Commercial aircraft offer speedy transportation and can be used for rescue operations during earthquakes, accidents, and floods. Due to a rise in commercial air transport, there has been increased demand for aircraft aftermarket parts in recent years. Moreover, many currently operational aircraft would have to be modernized by 2023, which is expected to drive market growth.

Regional Analysis

The geographic analysis of the global aftermarket parts market covers North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America is expected to dominate the market during the forecast period due to the increasing number of MRO service providers and growing aircraft fleets in the US. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period.

Key questions addressed by the report

What was the historic market size (2017)?

Which segmentation (Parts/Application) is driving market growth?

What will be the growth rate from 2018 to 2023?

Who are the key players in this market?

What are the growth strategies adopted by the key players?

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Macro Factor Indicator Analysis
Table 4 International Regulations Relating to Alternate Parts (Pma) by Country
Table 5 Major Granted Patents on Aircraft Aftermarket Parts (1st March 2014 – 1st March 2019)
Table 6 Global Aircraft Aftermarket Parts Market, by Parts, 2018–2023 (Usd Million)
Table 7 Global Aircraft Aftermarket Parts Market, by Expendable, 2018–2023 (Usd Million)
Table 8 Global Aircraft Aftermarket Parts Market, by Expendable, by Lamps, 2018–2023 (Usd Million)
Table 9 Global Aircraft Aftermarket Parts Market, by Expendable, by Filters, 2018–2023 (Usd Million)

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List of Figures

Figure 1 Global Aircraft Aftermarket Parts Market: Market Structure
Figure 2 Key Takeaways From the Global Aircraft Aftermarket Parts Market
Figure 3 Key Buying Criteria of Aircraft Aftermarket Parts
Figure 4 Market Attractiveness Analysis: Global Aircraft Aftermarket Parts Market
Figure 5 North America Market Size & Market Share by Country (2017 Vs 2023)
Figure 6 Europe Market Size & Market Share by Country (2017 Vs 2023)
Figure 7 Research Process of Mrfr
Figure 8 Top-down & Bottom-up Approaches
Figure 9 Market Dynamics Overview
Figure 10 Aircraft Lifecycle (Cost Vs Age)

Continued......

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