Commercial Aircraft Aftermarket Parts Market Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Commercial Aircraft Aftermarket Parts Market

• The annual demand for commercial aircraft aftermarket parts was USD 42.6 billion in 2024 and is expected to reach USD 45.41 billion in 2025, up 6.6% than the value in 2024.
• During the next 8 years (forecast period of 2025-2032), the commercial aircraft aftermarket parts market is expected to grow at a CAGR of 6.1%. The annual demand will reach of USD 68.84 billion in 2032.
• During 2025-2032, the commercial aircraft aftermarket parts industry is expected to generate a cumulative sales opportunity of USD 453.51 billion.

High-Growth Market Segments:

• North America is expected to be the dominant and fastest-growing region over the forecasted period.
• By Aircraft type, Narrow-body Aircraft is expected to grow at the highest CAGR during the forecast period.
• By Component type, Engine segment is expected to be the fastest-growing during the forecast period.
• By Parts type, MRO Parts segment is expected to be the fastest-growing segment during the forecast period.

Market Statistics

Have a look at the sales opportunities presented by the commercial aircraft aftermarket parts market in terms of growth and market forecast.

Market Dynamics

Introduction:

What are the commercial aircraft aftermarket parts?

Commercial aircraft aftermarket parts refer to components and systems used for maintenance, repair, and overhaul (MRO) after an aircraft has entered service. These include spare parts, replacements, and upgrades that ensure continued airworthiness, operational efficiency, and compliance with aviation industry standards and regulatory requirements.

Market Drivers:

Expanding Global Aircraft Fleet

• The expanding global aircraft fleet is a major driver of demand for aftermarket parts, as it increases the need for regular maintenance and component replacement. Boeing’s 2023 forecast highlights a significant expansion in the global commercial aircraft fleet, from 26,750 aircraft in 2023 to 50,170 by 2043.
• This nearly twofold increase underscores the long-term demand for maintenance, repair, and overhaul (MRO) services. As the fleet grows, the need for reliable, aftermarket parts becomes critical to ensure safety, performance, and operational efficiency across global airlines.

Market Challenges:

Supply Chain Disruptions

• Supply chain disruptions are a major challenge in the commercial aircraft aftermarket parts market as they delay the availability of critical components needed for timely maintenance. OEMs like Boeing and Airbus have reported part shortages, which extend aircraft downtime, disrupt MRO schedules, and impact overall fleet reliability and operational efficiency

Market Opportunities:

Rise in Outsourced MRO Services and Third-Party Partnerships

• The rise in outsourced MRO services and third-party partnerships creates a strong growth opportunity by increasing parts procurement volume, expanding global MRO networks, and reducing operational costs for airlines. These partnerships also drive faster turnaround times and ensure consistent demand for certified aftermarket parts from independent and OEM-affiliated providers.

Segment Analysis

By Type 

“Narrow-body segment is anticipated to witness the highest growth during the forecast period.”

• The commercial aircraft aftermarket parts market is segmented by aircraft type into narrow-body, wide-body, and regional jet.
• Narrow-body segment is anticipated to witness the highest growth during the forecast period, due to its dominant use in short- and medium-haul routes and higher flight frequencies. These aircraft experience faster wear of components, driving frequent maintenance needs.

By Component Type 

“Engine segment is expected to be the fastest-growing segment during the forecast period.”

• The commercial aircraft aftermarket parts market is segmented by component type into airframe, engine, interior, and other component types.
• Engine segment is expected to be the fastest-growing segment during the forecast period, due to its high maintenance frequency, critical performance role, and significant cost share in MRO operations.
• Engines undergo intense wear during operations, requiring regular overhauls and component replacements. As aircraft fleets expand and age, demand for reliable and certified engine parts continues to surge.

Regional Analysis 

“Asia-Pacific is expected to be the dominant and the fastest-growing region over the forecasted period.”

• In terms of region, the commercial aircraft aftermarket parts market is segmented into the North American region, the European region, the Asia-Pacific region, and the rest of the world.
• Asia-Pacific is expected to be the dominant and fastest-growing region over the forecasted period, due to rapid fleet expansion, growing air passenger traffic, and increasing demand for low-cost carriers.
• Countries like China and India are investing heavily in aviation infrastructure and MRO capabilities.
• Additionally, the region’s aging aircraft fleet and cost-efficient labor base are driving sustained demand for aftermarket parts and services.

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the commercial aircraft aftermarket parts market -  

• Parker-Hannifin Corporation
• General Electric Company
• Moog Inc.
• Aventure International Aviation Services
• Honeywell International Inc.
• Collins Aerospace (RTX Corporation)
• A J Walter Aviation Limited
• Bombardier Inc.
• GKN Aerospace (Melrose Industries)
• The Boeing Company
   

Note: The above list does not necessarily include all the top players in the market.

Are you a leading player in this market? We would love to include your name. Please write to us at [email protected]

Recent Developments/Mergers & Acquisitions: 

• In April 2024, Satair (an Airbus Services subsidiary) and Collins Aerospace (an RTX business) signed a four-year renewal agreement, granting Satair continued global distribution rights for Collins Aerospace’s electric power, environmental control, and engine system parts. The deal covers a broad range of platforms, including Airbus, Boeing, Bombardier, and Embraer, and was officially announced at MRO Americas.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The commercial aircraft aftermarket parts market is segmented into the following categories. 

Commercial Aircraft Aftermarket Parts Market, by Aircraft Type

• Narrow-body
• Wide-body
• Regional Jet

Commercial Aircraft Aftermarket Parts Market, by Component Type

• Airframe
• Engine
• Interior
• Other Component Types

Commercial Aircraft Aftermarket Parts Market, by Parts Type

• MRO Parts
• Rotable Replacement Parts

Commercial Aircraft Aftermarket Parts Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s commercial aircraft aftermarket parts market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]