DUBLIN, October 30, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5mdg6x/global_commercial) has announced the addition of the "Global Commercial Aircraft Aftermarket Parts Market 2014-2018" report to their offering.
Aircraft aftermarket parts are mainly used in the maintenance and upgrade activities on an airplane after it is manufactured (out of the factory). Since aircrafts remain in service for many years, and have to comply with strict regulations, they have to be maintained and repaired at several intervals. This requires a reliable supply chain of aftermarket parts to prevent aircraft on ground (AOG) situations. Aftermarket parts are mainly utilized for maintenance, repair, and operations (MRO) activities and also as rotable scrap replacement. Aftermarket parts are manufactured by Original Equipment Manufacturers (OEM) as well as Parts Manufacturer Approval (PMA) vendors.
The analysts forecast the Global Commercial Aircraft Aftermarket Parts market to grow at a CAGR of 4.04 percent over the period 2013-2018.
This report covers the current market scenario and growth prospects of Global Commercial Aircraft Aftermarket Parts market for the period 2014-2018. It provides a global overview as well as the market share and growth prospects by region (The Americas, and the EMEA and APAC region). The report includes market segment analysis based on Application (MRO parts and rotable scrap replacement) and product (aircraft types). The report also presents the major vendor landscape for this market segment and a corresponding analysis of the prominent vendors in the market. In addition, the report discusses the major drivers that are influencing the growth of the market.
The report, the Global Commercial Aircraft Aftermarket Parts Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions. The report also includes a discussion of the key vendors operating in this market.
One major trend emerging in this market is the renewal of aircraft fleet. Many older aircraft are being retired every year and replaced with new and efficient models. Parts manufacturer approval vendors are also gaining more acceptance globally as providers of aftermarket parts and are expected to make their presence felt in the market because of the opportunities for growth in the market and cost advantages of PMA parts.
According to the report, one of the major drivers in the market is the increase in the number of aircraft in service. The global aircraft fleet is expected to grow due to escalating demands in the Asia Pacific and Europe, Middle East and Africa regions. Demand for commercial aircraft aftermarket parts naturally follows that of aircraft sales.
Further, the report states that the most prominent challenges that the market faces are delays customs delays and high taxes. Conventional clearance processes in many countries are still paper-based manual procedures, affecting market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Market Segmentation by Product
09. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
- Rockwell Collins
- AJW Aviation
- BE Aerospace
- BF Goodrich Aerospace
- Pratt & Whitney
For more information visit http://www.researchandmarkets.com/research/5mdg6x/global_commercial
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SOURCE Research and Markets