Aircraft Aftermarket Parts Market Analysis and Forecast to 2031: By Parts (MRO Parts, Rotatable Scrap Replacement Parts, Consumable, Expendable), Application (Commercial and Military), and Region
Aircraft aftermarket parts are components that are used to replace or upgrade existing parts on an aircraft. Aftermarket parts can be sourced from a variety of suppliers, including the original equipment manufacturer (OEM), third-party manufacturers, or the aircraft owner/operator.
Key Trends
The key trends in aircraft aftermarket parts technology are the development of 3D printing technology and the increasing use of composite materials.
3D printing technology is being used to create prototype parts and small batches of parts for aircraft. This technology has the potential to reduce the lead time and cost of manufacturing aircraft parts.
Composite materials are being increasingly used in aircraft parts due to their high strength-to-weight ratio. These materials can be used to create parts that are lighter and more fuel-efficient.
Key Drivers
The key drivers of the aircraft aftermarket parts market are the increasing number of aircraft deliveries, the rising number of aging aircraft, and the growing demand for air travel.
The increasing number of aircraft deliveries is leading to a rise in the number of spare parts that need to be replaced or serviced. This is driving the demand for aircraft aftermarket parts.
The rising number of aging aircraft is also driving the demand for aircraft aftermarket parts. As aircraft age, they require more maintenance and repairs. This is leading to a growing demand for aircraft aftermarket parts.
The growing demand for air travel is another key driver of the aircraft aftermarket parts market. As more people travel by air, there is a need for more aircraft. This is leading to a rise in the number of aircraft deliveries and a growing demand for aircraft aftermarket parts.
Restraints & Challenges
The key restraints and challenges in the aircraft aftermarket parts market are the lack of standardization and the fragmented nature of the market. There is no one-size-fits-all solution when it comes to aircraft aftermarket parts, which makes it difficult for airlines and other buyers to find the right parts for their needs. In addition, the market is fragmented, with a large number of small and medium-sized suppliers competing for business. This can make it difficult for buyers to find the best prices and quality products.
Market Segments
The Aircraft Aftermarket Parts Market is segmented by parts, application and region. By parts, the market is divided into MRO parts, rotatable scrap replacement parts, consumables, and expendables. Based on application, it is bifurcated into commercial and military. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Aircraft Aftermarket Parts Market includes players such as AAR , J. Walter Aviation Limited, Eaton , Parker Hannifin Corporation, Aviall, Kellstrom Aerospace, General Electric, Honeywell International Inc., Meggitt PLC, and Collins Aerospace.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Aircraft Aftermarket Parts Market Outlook
3.1. Aircraft Aftermarket Parts Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Aircraft Aftermarket Parts Market
Chapter 4. Economic Impact of COVID-19 on Aircraft Aftermarket Parts Market
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Aircraft Aftermarket Parts Market
4.3. Economic Impact Analysis
Chapter 5. Aircraft Aftermarket Parts Market by Parts
5.1. Market Overview
5.2. Mro Parts
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Rotatable Scrap Replacement Parts
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Consumables
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Expendable
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Aircraft Aftermarket Parts Market by Application
6.1. Market Overview
6.2. Commercial
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Military
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Aircraft Aftermarket Parts Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.2.3. North America Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.4. North America Aircraft Aftermarket Parts Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.2.5.2. The U.S. Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.2.6.2. Canada Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.2.7.2. Mexico Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.3. Europe Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.4. Europe Aircraft Aftermarket Parts Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.5.2. Germany Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.6.2. France Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.7.2. U.K. Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.8.2. Spain Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.9.2. Italy Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Aircraft Aftermarket Parts Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.5.2. China Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.6.2. India Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.7.2. Japan Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.8.2. South Korea Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.5.3. Rest of the World Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.4. Rest of the World Aircraft Aftermarket Parts Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.5.5.2. Latin America Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.5.6.2. Middle East Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Aircraft Aftermarket Parts Market Size and Forecast by Parts, 2021-2031, ($Million)
7.5.7.2. Africa Aircraft Aftermarket Parts Market Size and Forecast by Application, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. AAR
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. J. Walter Aviation Limited
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Eaton
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Parker Hannifin Corporation
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Aviall
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Kellstrom Aerospace
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. General Electric
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Honeywell International Inc.
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Meggitt PLC
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Collins Aerospace
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segments
By Parts
- Mro Parts
- Rotatable Scrap Replacement Parts
- Consumable
- Expendable
By Application
- Commercial
- Military
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East
- Africa