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Commercial Aircraft After Market | Industry Demand Status by Size, Progress Strategies, Manufacturers, Regions, Trends, Challenges, And Forecast by 2019-2024

Commercial Aircraft After

This “Commercial Aircraft After Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Commercial Aircraft After market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The commercial aircraft aftermarket parts market is anticipated to register a CAGR of over 5% during the forecast period.
  • - The growing commercial aircraft industry, along with the increasing average age of commercial aircraft, is driving the growth of the market.
  • - The need for timely maintenance, repair and overhaul (MRO) services, along with the opening of new MRO facilities around the world, is also propelling the growth of the commercial aircraft aftermarket parts market during the forecast period.
  • - The increase in inventory costs of spare parts for the airlines and MRO service providers is expected to hamper the commercial aircraft aftermarket parts market.<
  • Commercial Aircraft After Market Covers Manufacturers:

  • Aventure Aviation
  • Honeywell International Inc.
  • United Technologies Corporation
  • Meggitt PLC
  • Parker Hannifin Corporation
  • General Electric
  • Moog Inc.
  • GKN Aerospace
  • Goodyear Tire & Rubber Company
  • Michelin
  • Bombardier Inc.
  • The Boeing Company
  • Scope of the Report:

  • The study of commercial aircraft aftermarket parts market is classified based on the component type into airframe, engine, interior, cockpit systems, and other component types. The other component types include smaller parts and components used in the landing gear systems, fuel systems, electrical systems, oxygen systems, and hydraulic systems.
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    Key Market Trends:

    The Narrow-body Segment is Expected to Experience the Highest Growth During the Forecast Period

    Globally, narrow-body or single aisle aircraft are the most widely used aircraft by airlines. The growth in LCC business model has further fueled the growth of the narrow-body aircraft. As the airlines seek to increase their connectivity and market presence, new routes are being introduced. The increasing landing and takeoffs of narrow-body aircraft are increasing the wear and tear of the aircraft, thereby, increasing the demand for narrow-body aftermarket parts market during the forecast period.

    The Asia-Pacific Region is Expected to Experience the Highest Growth During the Forecast Period

    The Asia-Pacific region currently has the highest market share and is anticipated to have the highest growth during the forecast period. This is primarily due to increasing air travel in countries, like India, China, Vietnam, Indonesia, Japan, and Taiwan, with approximately 6,600 aircraft in service by the beginning of 2018. The leading MRO service providers, airlines, and governments are collaborating to develop this region as a MRO hub for the aviation industry. For instance, Revima, the French APU and landing gear MRO specialist, has begun the construction of the new landing gear overhaul facility in Chonburi, Thailand for Airbus A320, Boeing 737, and ATR family aircraft. The company has invested about USD 30 million and aims to have the facility fully certified and ready by the first quarter of 2020. Such initiatives by the global players may generate demand for spare parts, thereby, driving the commercial aircraft aftermarket parts market.

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    Target Audience of Commercial Aircraft After Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Commercial Aircraft After Market Report:

    • Analyzing various perspectives of the Commercial Aircraft After market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Commercial Aircraft After market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Commercial Aircraft After market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Commercial Aircraft After market studied, during the forecast period
    • The segments that are expected to dominate the Commercial Aircraft After market studied.

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