Global Aerospace Aftermarket Market Analysis and Forecast, 2022-2028
The global aerospace aftermarket market is expected to grow at a CAGR of around 7.5% over the forecast period of 2022-2028.
Market Scope & Overview
The global aerospace aftermarket market study 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 2019-2021 and the forecast period of 2022-2028 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. 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 2019-2021, 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
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
• By Component Type
o Others (Cockpit Systems, etc.)
• By Aircraft Type
• By Region
o North America
o Latin America
• Rest of Latin America
o Western Europe
• Rest of Western Europe
o Eastern Europe
• Rest of Eastern Europe
o Asia Pacific
• South Korea
• ASEAN (Indonesia, Vietnam, Malaysia, etc.)
• Rest of Asia Pacific
o Middle East & Africa
• South Africa
• 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 GE Aviation
o VSE Corporation
Global Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 2022 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 126.96.36.199. MRO Parts 188.8.131.52. Rotatable Scrap Replacement Parts 184.108.40.206. Consumables 220.127.116.11. Expendable 13.2. Global Aerospace Aftermarket Market by Component Type 13.2.1. Segment Overview 18.104.22.168. Engine 22.214.171.124. Airframe 126.96.36.199. Interior 188.8.131.52. Others (Cockpit Systems, etc.) 13.3. Global Aerospace Aftermarket Market by Aircraft Type 13.3.1. Segment Overview 184.108.40.206. Narrow-body 220.127.116.11. Wide-body 18.104.22.168. 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 2019-2028 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 22.214.171.124. US 126.96.36.199. Canada 14.2. Latin America Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 188.8.131.52. Brazil 184.108.40.206. Mexico 220.127.116.11. Rest of Latin America 14.3. Western Europe Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 18.104.22.168. Germany 22.214.171.124. UK 126.96.36.199. France 188.8.131.52. Spain 184.108.40.206. Italy 220.127.116.11. Benelux 18.104.22.168. Nordic 22.214.171.124. Rest of Western Europe 14.4. Eastern Europe Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 126.96.36.199. Russia 188.8.131.52. Poland 184.108.40.206. Rest of Eastern Europe 14.5. Asia Pacific Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 220.127.116.11. China 18.104.22.168. Japan 22.214.171.124. India 126.96.36.199. South Korea 188.8.131.52. Australia 184.108.40.206. ASEAN 220.127.116.11. Rest of Asia-Pacific 14.6. Middle East & Africa Aerospace Aftermarket Market Analysis and Forecast 2019-2028 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 18.104.22.168. GCC 22.214.171.124. South Africa 126.96.36.199. Turkey 188.8.131.52. 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 184.108.40.206. Company Overview 220.127.116.11. Source/Service Offerings 18.104.22.168. Key Financials 22.214.171.124. Recent Developments 15.4.2. Collins Aerospace 126.96.36.199. Company Overview 188.8.131.52. Source/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 15.4.3. Honeywell International Inc 18.104.22.168. Company Overview 22.214.171.124. Source/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 15.4.4. General Electric Company 184.108.40.206. Company Overview 220.127.116.11. Source/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 15.4.5. Eaton Technologies 126.96.36.199. Company Overview 188.8.131.52. Source/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 15.4.6. Meggitt PLC 18.104.22.168. Company Overview 22.214.171.124. Source/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 15.4.7. UTC Aerospace Systems 184.108.40.206. Company Overview 220.127.116.11. Source/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 15.4.8. AJW Group 126.96.36.199. Company Overview 188.8.131.52. Source/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 15.4.9. Trelleborg 18.104.22.168. Company Overview 22.214.171.124. Source/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 15.4.10. Kaman 184.108.40.206. Company Overview 220.127.116.11. Source/Service Offerings 18.104.22.168. Financials 22.214.171.124. Recent Developments 15.4.11. GE Aviation 126.96.36.199. Company Overview 188.8.131.52. Source/Service Offerings 184.108.40.206. Financials 220.127.116.11. Recent Developments 15.4.12. VSE Corporation 18.104.22.168. Company Overview 22.214.171.124. Source/Service Offerings 126.96.36.199. Financials 188.8.131.52. Recent Developments 16. Disclaimer
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