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Aircraft Aftermarket Parts Market: Information by Parts (MRO Parts, Rotable Scrap Replacement Parts, Consumable, Expendable), Application (Commercial and Military), Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2023
Market analysis
The global aircraft aftermarket parts market is relied upon to enlist a 7.63% CAGR during the forecast time period of 2017 to 2023. The global aircraft aftermarket parts market is required to observe generous development during the figure time frame. North America is evaluated to be a noticeable territorial market because of the nearness of a few reseller's exchange parts suppliers, for example, AAR, Parker Hannifin Corporation, Honeywell International Inc., and Collins Aerospace. Europe represented the second-biggest piece of the pie of 25.28% in 2017 because of the expanding upgradation of the airplane in Germany and France. The developing armada of business aircraft and maturing military aircraft armadas are a portion of the significant drivers for the development of the global aircraft aftermarket parts market. Factors, for example, an emphasis on research and a rising number of a resigned flying machine are boosting market development.
Market segmentation
The global aircraft aftermarket parts market is segmented on the basis of its parts, application, and regional demand. Based on its parts, the market is categorized into rotable scrap replacement parts, MRO parts, expendable and consumable. On the basis of its application, the market is bifurcated into military and commercial.
Regional demand
Geographically, the global aircraft aftermarket parts market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Meggitt PLC (England), Parker Hannifin Corporation (US), Collins Aerospace (US), and Kellstrom Aerospace (US), AAR (US), A.J. Walter Aviation Limited (UK), Aviall (US), Eaton (Ireland), General Electric (US), Honeywell International Inc. (US), among others are some of the major players in the global aircraft aftermarket parts market.
Market analysis
The global aircraft aftermarket parts market is relied upon to enlist a 7.63% CAGR during the forecast time period of 2017 to 2023. The global aircraft aftermarket parts market is required to observe generous development during the figure time frame. North America is evaluated to be a noticeable territorial market because of the nearness of a few reseller's exchange parts suppliers, for example, AAR, Parker Hannifin Corporation, Honeywell International Inc., and Collins Aerospace. Europe represented the second-biggest piece of the pie of 25.28% in 2017 because of the expanding upgradation of the airplane in Germany and France. The developing armada of business aircraft and maturing military aircraft armadas are a portion of the significant drivers for the development of the global aircraft aftermarket parts market. Factors, for example, an emphasis on research and a rising number of a resigned flying machine are boosting market development.
Market segmentation
The global aircraft aftermarket parts market is segmented on the basis of its parts, application, and regional demand. Based on its parts, the market is categorized into rotable scrap replacement parts, MRO parts, expendable and consumable. On the basis of its application, the market is bifurcated into military and commercial.
Regional demand
Geographically, the global aircraft aftermarket parts market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Meggitt PLC (England), Parker Hannifin Corporation (US), Collins Aerospace (US), and Kellstrom Aerospace (US), AAR (US), A.J. Walter Aviation Limited (UK), Aviall (US), Eaton (Ireland), General Electric (US), Honeywell International Inc. (US), among others are some of the major players in the global aircraft aftermarket parts market.
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
