Market Overview
According to fortune business insights, the global aircraft aftermarket parts market size was valued at USD 48.71 billion in 2024. The market is projected to grow from USD 54.40 billion in 2025 to USD 93.52 billion by 2032, exhibiting a CAGR of 8.0% during the forecast period. North America dominated the aircraft aftermarket with a market share of 33.02% in 2024.
The analysis shows that the upsurge in demand for new aircraft will facilitate the demand for maintenance, repair, and overhaul (MRO), which will further propel the demand for the aftermarket sector. For example, according to Airbus SAS, the passenger fleet is expected to double from 21,000 aircraft in 2019 to 45,000 by 2035. This trend indicates a strong and growing demand for aftermarket parts worldwide.
Major Players Profiled in the Market Report:
Segments
Rotatable Replacement Parts Segment to Grow at Highest CAGR
Based on parts type, the market is classified into MRO parts and rotable replacement parts. The rotable replacement parts segment is anticipated to grow at the highest CAGR owing to the increasing demand for scheduled checks (Class A, B, D) and the fact that every aircraft undergoes a complete component and systems replacement every six years.
Increasing Demand from Airlines for OEM Products Drives Market Growth
By supply, the market is categorized into OEMs, USM, and PMAs. The OEM segment holds the largest market share owing to the high reliability of their products, which undergo vigorous testing, leading airline operators to prefer purchasing directly from them.
Engine Segment to Hold Largest Market Share
Based on component, the market is segmented into engine, airframe, interior, cockpit systems, and others. The engine segment holds the largest market share as the cost incurred in the maintenance and replacement of engine parts is significantly higher compared to other aircraft components.
Increasing Demand for International and Regional Commutation Drives Commercial Segment