DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ww9vdg/global_commercial) has announced the addition of the "Global Commercial Aircraft Aftermarket Parts Market 2014-2018" report to their offering.
Aftermarket parts are mainly utilized for maintenance, repair, and operations (MRO) activities and also as rotable scrap replacement. Aftermarket parts are manufactured by Original Equipment Manufacturers (OEM) as well as Parts Manufacturer Approval (PMA) vendors.
One major trend emerging in this market is the renewal of aircraft fleet. Many older aircraft are being retired every year and replaced with new and efficient models. Parts manufacturer approval vendors are also gaining more acceptance globally as providers of aftermarket parts and are expected to make their presence felt in the market because of the opportunities for growth in the market and cost advantages of PMA parts.
According to the report, one of the major drivers in the market is the increase in the number of aircraft in service. The global aircraft fleet is expected to grow due to escalating demands in the Asia Pacific and Europe, Middle East and Africa regions. Demand for commercial aircraft aftermarket parts naturally follows that of aircraft sales.
Further, the report states that the most prominent challenges that the market faces are delays customs delays and high taxes. Conventional clearance processes in many countries are still paper-based manual procedures, affecting market growth.
- Rockwell Collins
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Product
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/ww9vdg/global_commercial