Latest News- Commercial Aircraft Aftermarket Parts Market: Narrow-body is expected to lead the Type segment during 2025-2029

The Commercial Aircraft Aftermarket Parts Market is being driven by Preference for collaborative efforts in aerospace industry

The Commercial Aircraft Aftermarket Parts Market is expected to grow at a CAGR of 6.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13530.3 million. The commercial aircraft aftermarket parts market is experiencing a significant trend towards sustainability, driven by the aviation industry's increasing focus on reducing its carbon footprint. Airlines prioritize eco-friendly practices in their operations, including maintenance and repair activities. This sustainability emphasis extends to the global market for commercial aircraft aftermarket parts, where there is a burgeoning demand for components and solutions that promote environmental conservation. Suppliers in the aftermarket parts industry are addressing this demand by innovating and offering eco-friendly alternatives, such as lightweight materials, energy-efficient systems, and fuel-minimizing components, to help airlines reduce their environmental impact. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Narrow-body
  • Wide-body
  • Regional jet
• Application
  • MRO parts
  • Rotable scrap replacement parts
• Component
  • Engine parts
  • Airframe parts
  • Avionics
  • Landing gear parts
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Preference for collaborative efforts in aerospace industry
• Growing preference for high-density seating configuration
• Increasing popularity of recycled aircraft parts

However, the market also witnesses some limitations, which are as follows:

• Rising concerns related to shortage of resources
• Presence of diverse customs regulations
• Growing concerns on manufacturing and procedural constraints

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Market Scope in Commercial Aircraft Aftermarket Parts Market Research Report

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Research Analysis Overview

The commercial aviation industry's aftermarket sector is experiencing significant growth, driven by the increasing demand for MRO (Maintenance, Repair, and Overhaul) services for commercial aircraft. Airlines require continuous availability of aircraft PMO (Parts, Materials, and Operations) parts to ensure operational processes run smoothly. The MRO process is undergoing digitization, with real-time data, advanced sensors, and predictive maintenance strategies becoming essential. Aircraft program managers face uncertainty in managing end-user requirements, especially during lockdowns, in remote locations. Aftermarket service providers must adapt to next-generation aircraft and passenger fleets, utilizing modeling processes, big data, and advanced technologies to meet strategic decisions and consumer needs. Aircraft deliveries and consumer requirements for aircraft aftermarket parts and services remain a top priority.

Market Research Overview

The Commercial Aircraft Aftermarket Parts Market is a significant segment of the broader Aerospace and Defense industry. This market focuses on the production, procurement, management, and certification of aircraft parts for commercial and general aviation applications. Key areas of emphasis include aircraft parts tracking for efficiency, forecasting for demand planning, compliance with regulatory standards, and certification for safe operation. Aircraft parts sourcing and overhaul (MRO) activities are also integral to this market, ensuring the continuous availability of reliable components for fleet maintenance and fleet expansion. The global market size for Commercial Aircraft Aftermarket Parts is calculated based on the combined revenue generated by manufacturers, providers, and distributors in industries such as aerospace and defense, machinery, trading companies, and industrial conglomerates.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/