Commercial Aircraft Aftermarket Parts Market Size Worth USD 74.66 Billion by 2034 | CAGR: 5.4%

The commercial aircraft aftermarket parts market size is expected to reach USD 74.66 billion by 2034, according to a new study by Polaris Market Research. The report “Commercial Aircraft Aftermarket Parts Market Size, Share, Trends, Industry Analysis Report: By Parts (MRO Parts and Rotable Replacement Parts), Aircraft Type, Component Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The commercial aircraft aftermarket parts market demand is experiencing significant growth, driven by the increasing volume of global air traffic and the expanding size of airline fleets. The rising number of aircraft in operation across the world requires continuous maintenance, repair, and overhaul (MRO) services. Older fleets demand more frequent parts replacements and servicing, fueling the need for aftermarket parts. Moreover, advancements in aircraft technology create a higher demand for specialized parts to ensure operational efficiency and safety.

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Economic conditions significantly affect airline profitability, which influences the commercial aircraft aftermarket parts market growth. When the economy is strong, airlines experience increased revenues and profitability. This allows them to invest in upgrading, replacing, and maintaining their fleets. Conversely, during periods of economic downturn or financial uncertainty, airlines encounter tighter budgets and reduced profitability. These challenges often prompt airlines to seek more cost-effective solutions for maintaining their fleets. During economic downturns, airlines aiming to minimize operational costs while maintaining fleet safety and performance turn to aftermarket suppliers for high-quality, competitively low-priced components.

Top of FormCommercial Aircraft Aftermarket Parts Market Report Highlights

• Based on parts, the MRO parts segment dominated the commercial aircraft aftermarket market share in 2024, driven by the rising focus on aircraft safety and compliance with regulations, fleet growth, extended aircraft life, and increasing air travel.
• The narrow-body segment, by aircraft type, is expected to grow rapidly during the forecast period due to rising demand for fuel efficiency, cost-effectiveness, LCC adoption, post-pandemic recovery, and increasing flight frequencies, driving demand for aftermarket parts and fleet expansion.
• Asia Pacific leads the commercial aircraft aftermarket market revenue share in 2024, driven by rising air traffic, the growing number of fleets and aging aircraft, and demand for cost-effective maintenance solutions and aftermarket parts.
• A few global key market players are Aventure International Aviation Services, Honeywell International Inc., Collins Aerospace (RTX Corporation), Parker-Hannifin Corporation, General Electric Company, Moog Inc., GKN Aerospace (Melrose Industries), A J Walter Aviation Limited, Bombardier Inc., and The Boeing Company.

Polaris Market Research has segmented the commercial aircraft aftermarket parts market report on the basis of parts, aircraft type, component type, and region:

By Parts Outlook (Revenue, USD Billion, 2020–2034)

• MRO Parts
• Rotable Replacement Parts

By Aircraft Type Outlook (Revenue, USD Billion, 2020–2034)

• Narrow-Body
• Wide-Body
• Regional Jet

By Component Type Outlook (Revenue, USD Billion, 2020–2034)

• Airframe
• Engine
• Interior
• Other

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Commercial Aircraft Aftermarket Parts Market Report Scope