Press Release

Commercial Aircraft Aftermarket Parts Market to Grow with a CAGR of 5.65% through 2030

The growing demand for air travel, increasing aircraft fleet size, and advancements in maintenance, repair, and overhaul (MRO) technologies are the factors driving the market in the forecast period 2026-2030.

 

According to TechSci Research report, “Commercial Aircraft Aftermarket Parts Market - Global Industry Size, Share, Trends, Competition, Forecast & Opportunities, 2030F” the Global Commercial Aircraft Aftermarket Parts Market was valued at USD 42.11 Billion in 2024 and is expected to reach USD 58.56 Billion by 2030 with a CAGR of 5.65% during the forecast period. The commercial aircraft aftermarket parts market is poised for significant growth as a result of various industry shifts and evolving demands. A key driver of this expansion is the rapid innovation in aircraft design, which has led to the increased use of advanced composite materials and hybrid systems in modern aircraft. These new materials require specialized aftermarket parts that differ from traditional metal-based components, thus creating new market opportunities. As airlines seek to improve fleet performance and minimize operating costs, there is a growing reliance on aftermarket suppliers that can provide high-quality, cost-efficient solutions.

Another driving force behind the market's growth is the increasing emphasis on optimizing aircraft efficiency. Airlines are focused on maximizing fuel savings and reducing carbon emissions, which has led to the development of more fuel-efficient engines and systems. This has resulted in a rising demand for aftermarket parts that support these goals, such as advanced airframe components, aerodynamically optimized parts, and enhanced propulsion systems. Additionally, the shift towards electric and hybrid-electric propulsion technologies is creating a new wave of aftermarket opportunities, as parts compatible with these advanced systems need to be developed and maintained.

The proliferation of air cargo transport is also contributing to the demand for aftermarket parts. As global trade and e-commerce continue to grow, the number of freighter aircraft in operation is increasing. This trend is driving demand for specific aftermarket components designed for cargo operations, such as robust landing gear systems and specialized storage systems. With the growing importance of air cargo as a revenue stream for airlines, there is a notable increase in the need for reliable aftermarket solutions that ensure operational efficiency and aircraft uptime.

Furthermore, the rise of outsourcing by airlines and fleet operators is having a significant impact on the market. More airlines are choosing to partner with third-party MRO providers to handle maintenance and parts replacement, rather than managing these processes in-house. This shift is creating opportunities for aftermarket parts suppliers to build strong relationships with MRO providers and enhance their market reach. The expansion of regional MRO hubs, especially in emerging markets, is opening up new opportunities for suppliers to provide localized parts solutions that cater to specific regional needs.

Despite the market's growth potential, challenges persist, including the rising complexity of global regulatory requirements and the increasing demand for parts that meet specific environmental standards. However, the shift towards more digitalized operations, including the integration of AI, IoT, and blockchain technologies, is expected to address these challenges by streamlining inventory management, enhancing tracking capabilities, and enabling faster response times to market demands. These innovations provide a pathway for suppliers to navigate the market's evolving landscape effectively, ensuring continued growth and stability in the aftermarket parts sector.

 

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Commercial Aircraft Aftermarket Parts Market.” 

 

The Commercial Aircraft Aftermarket Parts Market is segmented into aircraft type, component type, parts, and region.

Based on aircraft type, the narrow-body segment is expected to be the fastest-growing in 2024 within the global commercial aircraft aftermarket parts market. Narrow-body aircraft, often used for short- and medium-haul flights, dominate the commercial aviation sector due to their efficiency, affordability, and versatility. The increasing demand for air travel, especially in the post-pandemic era, is driving the need for maintenance, repair, and overhaul (MRO) services for narrow-body aircraft. As airlines continue to expand their fleets and extend the operational life of their existing aircraft, the demand for aftermarket parts, such as engines, landing gears, and avionics, for narrow-body planes is expected to rise sharply. Furthermore, the growing trend of low-cost carriers, which primarily operate narrow-body aircraft, is fueling this demand, as these airlines need to maintain their fleets efficiently while keeping operational costs low.

Based on region, in 2024, Asia Pacific is expected to be the fastest-growing region in the commercial aircraft aftermarket parts market. The region is experiencing a surge in air travel, driven by rising middle-class populations, increased tourism, and expanding economies, particularly in countries such as China, India, and Southeast Asian nations. The rapid growth of the aviation sector in Asia Pacific is leading to a significant rise in the number of commercial aircraft in operation, further driving the demand for aftermarket parts. Airlines in this region are also increasingly focusing on fleet modernization, which involves replacing older components with more advanced parts that meet evolving safety, performance, and environmental standards. This has created a robust market for both MRO services and the supply of high-quality aftermarket components. Furthermore, Asia Pacific's growing importance as a hub for international trade and travel is contributing to the rise in air cargo operations, which also requires specialized aftermarket parts. As a result, Asia Pacific remains a key market for the growth of the commercial aircraft aftermarket parts sector in 2024.

 

Major companies operating in the global Commercial Aircraft Aftermarket Parts Market are:

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

 

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The global commercial aircraft aftermarket parts market is experiencing significant growth, driven by the rising demand for air travel and the expanding fleet of aircraft worldwide. As airlines focus on reducing operational downtime and improving fleet efficiency, the need for reliable aftermarket parts becomes more critical. Aircraft are becoming more technologically advanced, which increases the demand for specialized components that meet the latest performance and safety standards. While challenges such as supply chain disruptions and the rising complexity of aircraft systems exist, the market’s future is promising. As airlines modernize their fleets and expand routes, the need for high-quality aftermarket parts will continue to rise, securing their position as an essential part of the aviation industry“, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Commercial Aircraft Aftermarket Parts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Aircraft Type (Narrow-Body, Wide-Body, Regional Jet), By Component Type (Airframe, Engine, Interior, Other Component), By Parts (MRO Parts, Rotable Replacement Parts), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global Commercial Aircraft Aftermarket Parts Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Commercial Aircraft Aftermarket Parts.

 

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Commercial Aircraft Aftermarket Parts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Aircraft Type (Narrow-Body, Wide-Body, Regional Jet), By Component Type (Airframe, Engine, Interior, Other Component), By Parts (MRO Parts, Rotable Replacement Parts), By Region & Competition, 2020-2030F

Aerospace and Defense | Mar, 2025

The growing demand for air travel, increasing aircraft fleet size, and advancements in maintenance, repair, and overhaul (MRO) technologies are the factors driving the market in the forecast period 2026-2030.

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