Global Commercial Aircraft AfterMarketParts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Aircraft Type;

Narrow-Body, Widebody, and Regional Aircraft.

By Component Type;

Airframe, Engine, Interior, Cockpit Systems, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn040362621 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Commercial Aircraft AfterMarketParts Market (USD Million), 2021 - 2031

In the year 2024, the Global Commercial Aircraft AfterParts Market was valued at USD 43,491.39 million. The size of this market is expected to increase to USD 67,150.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global commercial aircraft aftermarket parts market is a vital component of the aviation industry, encompassing a diverse range of components and services essential for the maintenance, repair, and overhaul (MRO) of commercial aircraft fleets worldwide. As commercial airplanes accrue flight hours and undergo wear and tear, the need for replacement parts, repairs, and upgrades becomes inevitable to ensure continued airworthiness, reliability, and safety. The aftermarket parts market caters to this demand by providing a comprehensive array of products and services, ranging from critical engine components to cabin interiors, avionics systems, and structural aerostructures. With airlines prioritizing cost-effective maintenance strategies and operational efficiency, the aftermarket parts market plays a pivotal role in sustaining the operational integrity and longevity of commercial aircraft.

Driven by factors such as fleet expansion, fleet modernization, and regulatory compliance, the global commercial aircraft aftermarket parts market experiences steady growth and evolution. Airlines worldwide are retiring older aircraft and investing in newer, more fuel-efficient models, leading to increased demand for aftermarket parts to support fleet renewal efforts. Moreover, stringent regulatory requirements imposed by aviation authorities necessitate the continuous monitoring, maintenance, and replacement of aircraft components to ensure compliance with safety standards and airworthiness directives. Consequently, aftermarket parts suppliers and MRO service providers play a critical role in assisting airlines in meeting regulatory obligations while optimizing the performance and reliability of their aircraft fleets.

The aftermarket parts market embraces technological innovations and advancements to meet the evolving needs of airlines and OEMs. This includes the adoption of predictive maintenance technologies, data analytics, and digital solutions to enable proactive maintenance practices, reduce downtime, and enhance operational efficiency. Furthermore, the aftermarket parts market serves as a platform for collaboration and partnerships among OEMs, suppliers, MRO providers, and airlines, fostering innovation, knowledge sharing, and best practices within the industry. As airlines strive to balance cost efficiency with safety and reliability, the global commercial aircraft aftermarket parts market continues to play a crucial role in supporting the sustainable growth and resilience of the aviation sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Aircraft Type
    2. Market Snapshot, By Component Type
    3. Market Snapshot, By Region
  4. Global Commercial Aircraft AfterMarketParts Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Fleet Expansion and Aging Aircraft
        2. Technological Advancements
        3. Cost-Effective Solutions
      2. Restraints
        1. Competition and Pricing Pressure
        2. OEM Dominance
      3. Opportunities
        1. Focus on Sustainability
        2. Market Liberalization
        3. Increasing Fleet Size and Age
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Commercial Aircraft AfterMarketParts Market, By Aircraft Type, 2021 - 2031 (USD Million)
      1. Narrow-body
      2. Widebody
      3. Regional Aircraft
    2. Global Commercial Aircraft AfterMarketParts Market, By Component Type, 2021 - 2031 (USD Million)
      1. Airframe
      2. Engine
      3. Interior
      4. Cockpit Systems
      5. Others
    3. Global Commercial Aircraft AfterMarketParts Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aventure International Aviation Service
      2. Honeywell International Inc.
      3. Collins Aerospace
      4. Meggitt PLC
      5. Parker-Hannifin Corp
      6. General Electric Company
      7. Moog Inc.
      8. GKN Aerospace
      9. Goodyear Tire & Rubber Co
      10. Michelin SCA
      11. A J Walter Aviation Limited
      12. Bombardier Inc.
      13. The Boeing Company
  7. Analyst Views
  8. Future Outlook of the Market