Commercial Aircraft Aftermarket Parts Outlook - Market size, segmentation, market share and competitive landscape (2016-2021)
The Global Commercial Aircraft Aftermarket parts Market is expected to grow at a CAGR of 5.85% to reach $ X.XX billion by the year 2020. A wide assortment of parts such as screws, engine blades, nuts, pins, bolts, tires are used in commercial aircrafts globally. They are extremely critical mechanical components of the aircraft and are required to function in the most extreme of situations. A single Boeing 747 Jet uses around 3 million fasteners. On an average, 2.4 million fasteners are used in Boeing 787 aircraft. More than 1/5th of those parts are structural bolts. Due to extreme flying conditions and other factors some parts may get damaged or may complete the lifecycle. In these scenario, the airlines need the replacement as soon as possible as an increased downtime of the aircraft results in huge revenue loss for the airline.
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