Pro
Aerospace
Global Aircraft Aftermarket Parts Market By Application
| Label | Lamps | Filters | Fasteners | Seals and Gaskets | Switches | Others |
|---|---|---|---|---|---|---|
| 2015 | 1058.1 USD Mn | 1026.6 USD Mn | 792.9 USD Mn | 210.3 USD Mn | 327.1 USD Mn | 479.4 USD Mn |
| 2016 | 1112.7 USD Mn | 1077.3 USD Mn | 846.3 USD Mn | 220.7 USD Mn | 342.2 USD Mn | 498 USD Mn |
| 2017 | 1170 USD Mn | 1130.4 USD Mn | 903.2 USD Mn | 231.6 USD Mn | 357.9 USD Mn | 517.3 USD Mn |
| 2018 | 1232.4 USD Mn | 1188.2 USD Mn | 965.5 USD Mn | 243.4 USD Mn | 375 USD Mn | 538.2 USD Mn |
| 2019 | 1299.9 USD Mn | 1250.7 USD Mn | 1033.6 USD Mn | 256.2 USD Mn | 393.3 USD Mn | 560.7 USD Mn |
| 2020 | 1371.8 USD Mn | 1317.1 USD Mn | 1107 USD Mn | 269.6 USD Mn | 412.7 USD Mn | 584.4 USD Mn |
| 2021 | 1453.3 USD Mn | 1392.5 USD Mn | 1190.2 USD Mn | 284.9 USD Mn | 434.8 USD Mn | 611.5 USD Mn |
| 2022 | 1539.2 USD Mn | 1471.7 USD Mn | 1279.4 USD Mn | 300.8 USD Mn | 457.8 USD Mn | 639.6 USD Mn |
| 2023 | 1575.2 USD Mn | 1503 USD Mn | 1328.8 USD Mn | 306.9 USD Mn | 465.8 USD Mn | 646.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The global aircraft aftermarket parts market is a rapidly growing sector that is expected to see continued demand in the coming years. This demand is driven by various factors such as the increasing number of flights, aging aircraft fleet, and stringent safety regulations. The aftermarket parts market can be classified into two primary categories: parts and expendables. Parts refer to physical components of aircraft, such as engines, landing gears, avionics, and structural parts. On the other hand, expendables are those components that need to be replaced regularly, such as oils, filters, lubricants, and nuts and bolts. The demand for parts in the aftermarket segment is primarily driven by the need to replace old and worn-out components in commercial airlines, military aircraft, and business jets. The growing number of flights around the world and the increasing preference for air travel have resulted in higher wear and tear of aircraft parts, leading to a constant need for replacements and repairs. Moreover, with advances in technology and design, aircraft manufacturers are producing more complex and sophisticated aircraft, requiring specialized and advanced components. This has significantly increased the demand for aftermarket parts, as these parts are often more cost-effective than purchasing new aircraft.
Expendables, on the other hand, are essential for the smooth functioning and maintenance of aircraft. These components need to be replaced regularly, and thus there is a constant demand for them in the aftermarket segment. As aircraft operators are constantly looking for ways to reduce operating costs, they often turn to aftermarket suppliers for quality and affordable expendables. Additionally, the increasing focus on safety and compliance with stringent regulations has also contributed to the demand for aftermarket parts. Aircraft parts are subject to strict regulations and standards, and thus, operators often turn to trusted aftermarket suppliers who provide quality and certified parts at competitive prices. In conclusion, the demand for global aircraft aftermarket parts is driven by various factors such as the increasing number of flights, aging aircraft fleet, advanced technology, and safety regulations. The availability of quality and affordable parts and expendables in the aftermarket segment is crucial for the smooth operation and maintenance of aircraft, making this market an integral part of the aviation industry.
Research Methodology
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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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.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
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.
Mark Irwin
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.
Rob Kooiker
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!
Jason Lee
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.
Akif Moroglu
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.