Research and Markets: Global Commercial Aircraft Aftermarket Parts Market Forecast to Grow at a CAGR of 5.81% Over the Period 2014-2019, New Report Says
August 21, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/rr9l2k/global_commercial) has announced the addition of the “Global Commercial Aircraft Aftermarket Parts Market 2015-2019” report to their offering.
Aircraft and engine lessors have started to utilize more aftermarket PMA parts recently. The use of aircraft PMA parts is significantly higher in the US than in other countries. In recent years, support from an improved global aviation industry structure and emergence of major third-party MRO providers have led to increased acceptance of aftermarket PMA parts in other countries as well. Also, regulatory processes of aircraft aftermarket PMA parts have improved and have been streamlined.
According to the report, airlines, as well as MRO providers and third-party companies, usually maintain inventory of aircraft spare parts to support aircraft fleet spare part requirements and to prevent AOG situations, which would otherwise result in loss of thousands of dollars per hour. Similarly, a rise in global online aviation spare part platforms and growing involvement of OEMs providing total care programs, to attract customers and capture a share of this lucrative market, are facilitating growth of the market.
Customs delays and high taxes for aircraft parts are one of the major challenges for this market.
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Global Aerospace and Defense Supply Chain System
- Global Aerospace and Defense Value Chain System
- Market Segmentation by Application
- Market Segmentation by Aircraft (Size Configuration)
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Companies Mentioned
- AAR
- AJW Aviation
- Aviall
- BE Aerospace
- BF Goodrich
- Eaton
- GE
- Honeywell
- Meggitt
- Parker-Hannifin
- Pratt & Whitney
- Rockwell Collins
For more information visithttp://www.researchandmarkets.com/research/rr9l2k/global_commercial
View source version on businesswire.com: http://www.businesswire.com/news/home/20150821005377/en/
Research and Markets
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Sector: Aviation, Aftermarket
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