Crane Aerospace Aftermarket

Global Crane Aerospace Aftermarket Market to Reach US$571.9 Million by 2030

The global market for Crane Aerospace Aftermarket estimated at US$425.8 Million in the year 2024, is expected to reach US$571.9 Million by 2030, growing at a CAGR of 5.0% over the analysis period 2024-2030. Gears, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$159.5 Million by the end of the analysis period. Growth in the Shafts segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$111.9 Million While China is Forecast to Grow at 4.9% CAGR

The Crane Aerospace Aftermarket market in the U.S. is estimated at US$111.9 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$92.0 Million by the year 2030 trailing a CAGR of 4.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Crane Aerospace Aftermarket – Key Trends & Drivers Summarized

Why Is the Crane Aerospace Aftermarket Expanding? Analyzing the Surge in Aircraft Maintenance & Upgrades

The global crane aerospace aftermarket is witnessing significant growth, driven by increasing aircraft fleet modernization, rising air travel demand, and the need for cost-effective maintenance solutions. As airlines and defense sectors prioritize operational efficiency and safety, the demand for aftermarket services such as component repair, system retrofits, and part replacements has surged. The aviation industry`s shift towards extending aircraft lifespans rather than purchasing new models has further strengthened the aftermarket sector, leading to increased investment in crane aerospace components. The growing emphasis on predictive maintenance, powered by AI and IoT-based monitoring systems, has enabled airlines and military operators to preemptively replace or repair critical components, reducing downtime and operational costs. Additionally, the rise of low-cost carriers (LCCs) and regional airlines has fueled the need for reliable aftermarket solutions, ensuring seamless aircraft performance while optimizing maintenance budgets. The increasing adoption of fuel-efficient aircraft systems, particularly in hydraulic, electrical, and braking components, has also created a steady demand for aftermarket parts that comply with evolving environmental regulations.

Which Crane Aerospace Components Are Dominating the Aftermarket? Exploring Key Segments

The crane aerospace aftermarket comprises a broad range of components, each serving vital functions in commercial, military, and general aviation sectors. Hydraulic components, including pumps, actuators, and valves, remain a dominant segment, given their critical role in aircraft braking, landing gear operations, and flight control systems. Electrical power solutions, such as generators, sensors, and power conversion units, have gained prominence due to the aviation industry’s increasing shift toward more electric aircraft (MEA) configurations. Additionally, cabin pressure control systems, oxygen supply units, and potable water systems are experiencing higher aftermarket demand as airlines upgrade passenger comfort and safety features. The rising need for lightweight and high-performance materials has also influenced the development of advanced composite-based crane aerospace components, enabling better fuel efficiency and aircraft durability. With the expansion of the unmanned aerial vehicle (UAV) and electric vertical takeoff and landing (eVTOL) segments, the demand for precision aerospace components in the aftermarket is further diversifying.

How Is Technology Shaping the Crane Aerospace Aftermarket? The Role of Digitalization & Predictive Maintenance

The crane aerospace aftermarket is undergoing a transformative shift, driven by rapid advancements in digital technologies, predictive maintenance, and additive manufacturing. The integration of IoT-enabled sensors in aerospace components has revolutionized maintenance strategies, allowing real-time monitoring of hydraulic, electrical, and braking systems to detect early signs of wear and tear. Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used to optimize part replacement schedules, reducing unexpected failures and improving fleet reliability. Additionally, the adoption of 3D printing (additive manufacturing) has enabled faster production of replacement parts, reducing lead times and minimizing supply chain disruptions. The rise of digital twin technology, which creates virtual replicas of aircraft systems, has further enhanced aftermarket services by enabling proactive troubleshooting and performance optimization. As aerospace regulations continue to evolve, the use of blockchain in aftermarket supply chains is gaining traction, ensuring transparency, authenticity, and traceability of replacement parts.

What’s Driving the Growth of the Crane Aerospace Aftermarket? Key Market Influencers Explained

The growth in the crane aerospace aftermarket is driven by several factors, including the increasing global aircraft fleet, stringent safety regulations, and advancements in predictive maintenance solutions. The aviation industry`s post-pandemic recovery has led to a surge in passenger traffic, prompting airlines to invest in aircraft maintenance and system upgrades. Additionally, the growing adoption of digitalized maintenance practices has enabled airlines to optimize aftermarket service costs while enhancing aircraft longevity. The expansion of military aviation and the increasing demand for UAVs in defense and commercial applications have further strengthened the aftermarket for crane aerospace components. Furthermore, sustainability initiatives, such as reducing aircraft carbon footprints and enhancing fuel efficiency, have encouraged the development of advanced, lightweight replacement parts. With ongoing technological innovations and the continued expansion of commercial and defense aviation, the global crane aerospace aftermarket is set to witness sustained growth, offering advanced maintenance solutions and enhanced aircraft performance.

SCOPE OF STUDY:

The report analyzes the Crane Aerospace Aftermarket market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Replacement Parts (Gears, Shafts, Control System, Motors, Brakes, Other Replacement Parts); Cranes (Overhead Cranes, Gantry Cranes, Jib Cranes, Mobile Cranes, Other Cranes); Sales Channel (OEMs Sales Channel, Third Party Provider Sales Channel); Application (Commercial Aviation Application, Military Aviation Application, General Aviation Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 32 Featured) -

• A J Walter Aviation Limited
• AAR Corp.
• Bombardier Inc.
• Collins Aerospace (RTX Corporation)
• Ducommun Incorporated
• Eaton Corporation
• FL Technics
• General Electric Company
• GKN Aerospace (Melrose Industries)
• HEICO Corporation
• Honeywell International Inc.
• Lufthansa Technik AG
• Moog Inc.
• Parker Hannifin Corporation
• Safran S.A.
• ST Engineering
• StandardAero
• The Boeing Company
• TransDigm Group Incorporated
• VSE Corporation

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.