Global Aerospace Aftermarket Market Growth, Demand, Size, Share, Analysis and Forecast, 2023-2030
- Report ID: 64299
- Date: May, 2023
- Pages: 120
- Category: Aerospace & Defence
Global Aerospace Aftermarket Market Analysis and Forecast, 2023-2030
The global aerospace aftermarket market is expected to grow at a CAGR of around 7.5% over the forecast period of 2023-2030.
Market Scope & Overview
The global aerospace aftermarket market study by Altus Market Research comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2022 and the forecast period of 2023-2030 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. Altus Market Research practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global aerospace aftermarket market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
The market study also covers the pricing analysis of each product based on its types and regions.
The global aerospace aftermarket market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2022, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
Altus Market Research has segmented the global aerospace aftermarket market based on parts type, component type, aircraft types, and regions.
• By Parts Type
o MRO Parts
o Rotatable Scrap Replacement Parts
o Consumables
o Expendable
• By Component Type
o Engine
o Airframe
o Interior
o Others (Cockpit Systems, etc.)
• By Aircraft Type
o Narrow-body
o Wide-body
o Regional-Aircraft
• By Region
o North America
US
Canada
o Latin America
Brazil
Mexico
Rest of Latin America
o Western Europe
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
o Eastern Europe
Russia
Poland
Rest of Eastern Europe
o Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
o Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa
•
Leading Companies and Market Players
o The Boeing Company
o Collins Aerospace
o Honeywell International Inc
o General Electric Company
o Eaton Technologies
o Meggitt PLC
o UTC Aerospace Systems
o AJW Group
o Trelleborg
o Kaman
o GE Aviation
o VSE Corporation
Global Aerospace Aftermarket Market Analysis and Forecast 2023-2030
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2023
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Aerospace Aftermarket Market: Key Investment Analysis
9.1. By Key Industry Players
9.2. By Region
9.3. M&A Activities
Robust assessment of major investments made by various industry players across key regions
10. EXIM Analysis: Trade Data
10.1. Export Data by Volume (units) and Value (US$)
10.2. Import Data by Volume (units) and Value (US$)
11. Pricing Analysis
11.1. By Type
11.1.1. MRO Parts
11.1.2. Rotatable Scrap Replacement Parts
11.1.3. Consumables
11.1.4. Expendable
11.2. By Region
11.2.1. North America
11.2.2. Latin America
11.2.3. Western Europe
11.2.4. Eastern Europe
11.2.5. Asia Pacific
11.2.6. Middle East & Africa
12. Parent Market Overview
12.1. Global Aircraft Market Overview
12.2. Global Aftermarket Equipment Market Analysis and Forecast
13. Segmental Analysis
13.1. Global Aerospace Aftermarket Market by Parts Type
13.1.1. Segment Overview
13.1.1.1. MRO Parts
13.1.1.2. Rotatable Scrap Replacement Parts
13.1.1.3. Consumables
13.1.1.4. Expendable
13.2. Global Aerospace Aftermarket Market by Component Type
13.2.1. Segment Overview
13.2.1.1. Engine
13.2.1.2. Airframe
13.2.1.3. Interior
13.2.1.4. Others (Cockpit Systems, etc.)
13.3. Global Aerospace Aftermarket Market by Aircraft Type
13.3.1. Segment Overview
13.3.1.1. Narrow-body
13.3.1.2. Wide-body
13.3.1.3. Regional-Aircraft
13.4. Global Aerospace Aftermarket Market by Region
13.4.1. North America
13.4.2. Latin America
13.4.3. Western Europe
13.4.4. Eastern Europe
13.4.5. Asia Pacific
13.4.6. Middle East & Africa
14. Regional Analysis
14.1. North America Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.1.1. Regional Market Overview and Key Takeaways
14.1.2. North America Aerospace Aftermarket Market by Parts Type
14.1.3. North America Aerospace Aftermarket Market by Component Type
14.1.4. North America Aerospace Aftermarket Market by Aircraft Type
14.1.5. North America Aerospace Aftermarket Market by Country
14.1.5.1. US
14.1.5.2. Canada
14.2. Latin America Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.2.1. Regional Market Overview and Key Takeaways
14.2.2. Latin America Aerospace Aftermarket Market by Parts Type
14.2.3. Latin America Aerospace Aftermarket Market by Component Type
14.2.4. Latin America Aerospace Aftermarket Market by Aircraft Type
14.2.5. Latin America Aerospace Aftermarket Market by Country
14.2.5.1. Brazil
14.2.5.2. Mexico
14.2.5.3. Rest of Latin America
14.3. Western Europe Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.3.1. Regional Market Overview and Key Takeaways
14.3.2. Western Europe Aerospace Aftermarket Market by Parts Type
14.3.3. Western Europe Aerospace Aftermarket Market by Component Type
14.3.4. Western Europe Aerospace Aftermarket Market by Aircraft Type
14.3.5. Western Europe Aerospace Aftermarket Market by Country
14.3.5.1. Germany
14.3.5.2. UK
14.3.5.3. France
14.3.5.4. Spain
14.3.5.5. Italy
14.3.5.6. Benelux
14.3.5.7. Nordic
14.3.5.8. Rest of Western Europe
14.4. Eastern Europe Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.4.1. Regional Market Overview and Key Takeaways
14.4.2. Eastern Europe Aerospace Aftermarket Market by Parts Type
14.4.3. Eastern Europe Aerospace Aftermarket Market by Component Type
14.4.4. Eastern Europe Aerospace Aftermarket Market by Aircraft Type
14.4.5. Eastern Europe Aerospace Aftermarket Market by Country
14.4.5.1. Russia
14.4.5.2. Poland
14.4.5.3. Rest of Eastern Europe
14.5. Asia Pacific Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.5.1. Regional Market Overview and Key Takeaways
14.5.2. Asia Pacific Aerospace Aftermarket Market by Parts Type
14.5.3. Asia Pacific Aerospace Aftermarket Market by Component Type
14.5.4. Asia Pacific Aerospace Aftermarket Market by Aircraft Type
14.5.5. Asia Pacific Aerospace Aftermarket Market by Country
14.5.5.1. China
14.5.5.2. Japan
14.5.5.3. India
14.5.5.4. South Korea
14.5.5.5. Australia
14.5.5.6. ASEAN
14.5.5.7. Rest of Asia-Pacific
14.6. Middle East & Africa Aerospace Aftermarket Market Analysis and Forecast 2023-2030
14.6.1. Regional Market Overview and Key Takeaways
14.6.2. Middle East & Africa Aerospace Aftermarket Market by Parts Type
14.6.3. Middle East & Africa Aerospace Aftermarket Market by Component Type
14.6.4. Middle East & Africa Aerospace Aftermarket Market by Aircraft Type
14.6.5. Middle East & Africa Aerospace Aftermarket Market by Country
14.6.5.1. GCC
14.6.5.2. South Africa
14.6.5.3. Turkey
14.6.5.4. Rest of the Middle East & Africa
15. Competitive Landscape
15.1. Competition Dashboard
15.1.1. Global and Regional Market Share Analysis
15.1.2. Market Structure
15.2. Competitive Benchmarking
15.3. Key Strategy Analysis
15.4. Company Profiles
15.4.1. The Boeing Company
15.4.1.1. Company Overview
15.4.1.2. Source/Service Offerings
15.4.1.3. Key Financials
15.4.1.4. Recent Developments
15.4.2. Collins Aerospace
15.4.2.1. Company Overview
15.4.2.2. Source/Service Offerings
15.4.2.3. Financials
15.4.2.4. Recent Developments
15.4.3. Honeywell International Inc
15.4.3.1. Company Overview
15.4.3.2. Source/Service Offerings
15.4.3.3. Financials
15.4.3.4. Recent Developments
15.4.4. General Electric Company
15.4.4.1. Company Overview
15.4.4.2. Source/Service Offerings
15.4.4.3. Financials
15.4.4.4. Recent Developments
15.4.5. Eaton Technologies
15.4.5.1. Company Overview
15.4.5.2. Source/Service Offerings
15.4.5.3. Financials
15.4.5.4. Recent Developments
15.4.6. Meggitt PLC
15.4.6.1. Company Overview
15.4.6.2. Source/Service Offerings
15.4.6.3. Financials
15.4.6.4. Recent Developments
15.4.7. UTC Aerospace Systems
15.4.7.1. Company Overview
15.4.7.2. Source/Service Offerings
15.4.7.3. Financials
15.4.7.4. Recent Developments
15.4.8. AJW Group
15.4.8.1. Company Overview
15.4.8.2. Source/Service Offerings
15.4.8.3. Financials
15.4.8.4. Recent Developments
15.4.9. Trelleborg
15.4.9.1. Company Overview
15.4.9.2. Source/Service Offerings
15.4.9.3. Financials
15.4.9.4. Recent Developments
15.4.10. Kaman
15.4.10.1. Company Overview
15.4.10.2. Source/Service Offerings
15.4.10.3. Financials
15.4.10.4. Recent Developments
15.4.11. GE Aviation
15.4.11.1. Company Overview
15.4.11.2. Source/Service Offerings
15.4.11.3. Financials
15.4.11.4. Recent Developments
15.4.12. VSE Corporation
15.4.12.1. Company Overview
15.4.12.2. Source/Service Offerings
15.4.12.3. Financials
15.4.12.4. Recent Developments
16. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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