Commercial Aircraft Aftermarket Parts Market Projected to Reach USD 74.66 Billion by 2034 | Growing at a CAGR of 5.4%

BySheetal Gajbhiye

The global Commercial Aircraft Aftermarket Parts market was valued at USD 44.45 billion in 2024,  and it is projected to grow to USD 74.66 billion by 2034.During the forecast period from 2025-2034, the market is estimated to rise at a compound annual growth rate (CAGR) of 5.4%. This upward trajectory is largely fueled by The demand for commercial aircraft aftermarket parts is rising steadily, driven by the growth in global air travel. As more passengers take to the skies, airlines are expanding their fleets, leading to increased need for maintenance and replacement parts. Higher aircraft usage results in greater wear and tear on essential components, fueling the demand for frequent repairs and part replacements.

Market Definition

Covers replacement, maintenance, and upgrade parts for commercial aircraft after initial sale.

Key Report Highlights  

·         The report highlights the key region that accounts for the highest revenue share in the global Commercial Aircraft Aftermarket Parts market.

·         It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.

·         The report outlines the dominant segment that holds a major share of the market.

·         It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.

·         Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance

·         Market Value in [2024]: USD 44.45 billion

·         Projected Market Size in [2034]: USD 74.66 billion

·         Anticipated CAGR (2034): [5.4]%

Get access to the full report or request a complimentary sample for in-depth analysis: https://www.polarismarketresearch.com/industry-analysis/commercial-aircraft-aftermarket-parts-industry/request-for-sample

Market Growth Drivers

Airlines are increasingly outsourcing maintenance, repair, and overhaul (MRO) services to specialized providers to improve operational efficiency, reduce costs, and maintain fleet reliability. This approach offers access to advanced technologies, expert knowledge, and economies of scale that in-house teams may lack. As aircraft systems and engines become more complex, airlines are turning to third-party digital MRO providers for comprehensive solutions—including engine maintenance, parts replacement, and services aimed at improving fuel efficiency and lowering emissions.

Market Key Players

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include

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

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