The analysts forecast the global commercial aircraft aftermarket parts market to grow at a CAGR of 6.35% during the period 2018-2022.
Aircraft aftermarket parts play a significant role in the maintenance and repair of an operational aircraft fleet. The high cost of fleet replacement and loss of revenue caused due to aircraft on ground (AOG) situations are the prime factors that are increasing the demand for aftermarket parts.
The report covers the present scenario and the growth prospects of the global commercial aircraft aftermarket parts market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is introduction of 3D printing technology. Additive manufacturing or 3D printing is a manufacturing technique in which consecutive layers of material are laid down one over the other to achieve the final product..