| Label | Narrow body Aircraft | Wide body Aircraft |
|---|---|---|
| 2015 | 3955.6 USD Mn | 2262.9 USD Mn |
| 2016 | 4153.3 USD Mn | 2353.2 USD Mn |
| 2017 | 4362.4 USD Mn | 2447.8 USD Mn |
| 2018 | 4591.2 USD Mn | 2551.3 USD Mn |
| 2019 | 4840.8 USD Mn | 2664 USD Mn |
| 2020 | 5107.9 USD Mn | 2783.8 USD Mn |
| 2021 | 5412.8 USD Mn | 2921.4 USD Mn |
| 2022 | 5736.2 USD Mn | 3065.9 USD Mn |
| 2023 | 6079.1 USD Mn | 3217.6 USD Mn |
Data Source: Wantstats Repository
The Europe aircraft aftermarket parts market is expected to witness a surge in demand in the coming years, driven by a variety of factors such as technological advancements, increasing air travel, and the rising need for efficient maintenance and repair services. The market encompasses a wide range of products and services, including engine parts, landing gear, airframe, interiors, avionics, and components, among others. One of the key applications driving the demand for aircraft aftermarket parts in Europe is the commercial sector. Commercial aviation has been rapidly growing in the region, with European airlines carrying over 1.1 billion passengers in 2019 alone. This growth is expected to continue in the future, driven by factors such as increasing disposable income, a growing tourism industry, and a strong business travel sector. As airlines continue to expand their fleets and operate more flights, the need for regular maintenance and repair services increases. This, in turn, drives the demand for aftermarket parts as these are crucial for the upkeep and functioning of aircraft. Advancements in technology have also led to an increased demand for more sophisticated and efficient aircraft parts, as airlines strive to enhance the safety, reliability, and performance of their fleets.
Moreover, with the growing concern for environmental sustainability, there is a rising demand for lightweight and fuel-efficient aircraft parts. This is especially relevant for the commercial sector, as airlines seek to reduce their carbon footprint and comply with emission regulations. As a result, there is a growing demand for advanced and innovative aftermarket parts that can help achieve these objectives, such as lightweight materials, fuel-efficient engines, and eco-friendly avionics. In addition to technological advancements and environmental sustainability, safety is another key factor driving the demand for aftermarket parts in the commercial aviation sector. Regular maintenance and replacement of aircraft parts is crucial to ensure the safety and reliability of flights. As a result, airlines invest significantly in aftermarket parts to ensure the timely servicing and maintenance of their aircraft. In conclusion, the demand for Europe aircraft aftermarket parts in the commercial sector is expected to continue its upward trend in the years to come, driven by factors such as increasing air travel, technological advancements, sustainability concerns, and safety requirements.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Europe Aircraft Aftermarket Parts Market by Application, by Commercial
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