Commercial Aircraft Aftermarket Parts Market Research Report

4
www.marketresearchfuture.com
Commercial Aircraft Aftermarket Parts Market Research Report - Forecast to 2021
Despite the challenges, the market is expected to continue growing in the future. One of the trends helping this is the
renewal of aircraft fleet. Hundreds of older aircrafts are being retired every year globally and replaced with new and
efficient fleet. This has increased the availability of surplus parts in the market obtained from retired aircrafts. This opens up
new opportunities for all the players in this market. Similarly, PMA vendors are also gaining more acceptance globally as the
providers of aftermarket parts. Due to the opportunities for growth in the market, and cost advantages of PMA parts, they
will continue to make a presence in the market.
Similarly, there has been a trend of market consolidation in this sector and it is likely to increase with the formation of larger
companies with broader offerings. Bigger and diverse companies can provide better services at larger scale. There were
about 1,700 commercial jets retirements in the 1990s. Due to the high fuel prices, fleet demographics and new efficient
aircrafts and engines, this number is estimated to reach about 6,000 - 8,000 this decade. This magnitude of retirements for
aircrafts will have a significant impact on the aircraft aftermarket parts market.
Industry/ Innovation/ Related News:
February, 2018 – Pratt & Whitney signed 15 year EngineWise fleet management agreement with Turkish airlines. The
agreement will cover Turkish Airlines' future fleet of 92 A321neo aircraft powered by the Pratt & Whitney Geared
Turbofan (GTF) engines.
October, 2016 – Rockwell Collins announced new service contract to repair Rockwell Collins systems on board a critical
transport aircraft, an enhanced aircraft connectivity advancement, in addition to a new aftermarket upgrade for its
MultiScan weather radar.
Send Enquiry @ https://www.marketresearchfuture.com/enquiry/1382