Decoding the Commercial Aircraft Aftermarket Parts Market: Trends, Demand Surge, and Key Player Insights
Market Overview Global Commercial Aircraft Aftermarket Parts Market size and share is currently valued at USD 44.45 billion in 2024 and is anticipated to generate an estimated revenue of USD 74.66 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 The commercial aircraft aftermarket parts industry caters to airlines, MRO service providers, and aircraft leasing companies. It encompasses a wide spectrum of components required to maintain, repair, and upgrade aircraft after their original equipment manufacturer (OEM) warranty has expired. The shift from new aircraft deliveries to prolonged aircraft utilization is significantly propelling the demand for reliable aftermarket solutions. One of the key factors influencing the market is the increasing average age of commercial aircraft fleets. Airlines are optin...