Commercial Aircraft Aftermarket Parts Market

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2 www.marketresearchfuture.com Commercial Aircraft Aftermarket Parts Market Research Report - Forecast to 2021 Global Commercial Aircraft Aftermarket Parts Market by Parts (MRO parts and Rotable Scarp Replacement Parts), by Aircraft Type (Wide body Aircraft, Narrow body Aircraft, and Regional Jet), by Geography - Forecast To 2021 The global commercial aircraft aftermarket parts market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of commercial aircraft aftermarket parts will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2021). The high demand for commercial aircraft aftermarket parts is due to the growth in the aircraft component industry. An aircraft aftermarket parts are mainly used in the maintenance and upgrade activity on an airplane after it is manufactured. Aftermarket parts are mainly utilized for MRO activities and also as rotable scrap replacement. Aftermarket parts are manufactured by the original equipment manufacturers (OEMs) as well as the parts manufacturer approval (PMA) vendors. However the delay in customs clearance for aircraft spare parts and high import duties on value-added taxes for aircraft spare parts acts as a barrier for the growth of commercial aircraft aftermarket parts market. The commercial aircraft aftermarket is completely dependent on the growth of aircrafts in service. Thus, the increasing or decreasing demand of the aircraft service directly has an impact on the market. To support the spare part requirement for their fleet, airlines usually maintain inventory of aircraft spare parts to prevent AOG situations which costs thousands of dollars per hour. MRO providers and Third Party Companies which are a part of aircraft aftermarket parts industry also maintain inventory of such parts. Another factor responsible for the increase in commercial aircraft aftermarket parts is the growing involvement of OEMs providing total carehttps://www.marketresearchfuture.com/reports/commercial-aircraftaftermarket-parts-market-1382 programs to attract customers towards them and capture a share of this lucrative market has also supported the growth in the market. This is the primary factor that drives the growth of the commercial aircraft aftermarket parts market and has gained prevalence in the recent times, rise in global online aviation spare parts platform. Thus, the growth of the commercial aircraft aftermarket parts market is expected to go hand in hand with the growth of aircraft industry. Get TOC @ https://www.marketresearchfuture.com/request-toc/1382
3 www.marketresearchfuture.com Commercial Aircraft Aftermarket Parts Market Research Report - Forecast to 2021 Global Commercial Aircraft Aftermarket Parts Market ($ billion), 2016-2021
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