Ready for takeoff: As commercial flights increase, demand for aircraft parts will grow

The industry has performed erratically over the past five years, but recent stabilization in revenue is expected to result in growth through the period. Federal funding for defense and the number of domestic trips by US residents dropped during the recessionary years, reducing demand for aircraft parts. However, in the next five years, a boost in commercial flights will benefit industry distributors; increased domestic trips by US residents will result in higher demand for commercial aircraft repair and maintenance...purchase to read more.

Industry Statistics & Market Size
Revenue
$44bn
Annual Growth 11-16
1.2%
Forecast Growth 16-21
Profit
Employment
25,193
Businesses
1,739
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A rise in commercial flights will boost demand for aircraft maintenance and associated parts
  • Industry operators have seen a sharp rise in competitive pressure
  • The industry will continue to suffer from increasing competition
  • Industry Report - Industry SWOT Analysis Chapter

    The Aircraft Parts Distributors industry is in the mature phase of its life cycle. In the 10 years to 2021, industry value added (IVA), which measure the industry's contribution to the overall economy, is forecast to climb at an annualized 2.0%, while GDP rises at an annualized 2.1%. Usually, IVA growth so similar to GDP indicates a mature industry. Overall, the industry plays a vital role in the US aerospace supply chain. Moreover, because the US aerospace industry is so large, developed and successful, industry operators can rely on a healthy downstream market.However, operators face multiple challenges, such as wholesale bypass and increased competition from surplus dealers. Mor...purchase to read more.

    Additional Insights for the Aircraft Parts Distributors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aircraft Parts Distributors Industry are

  • Economies of scale
  • Economies of scope
  • Well-developed internal processes
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Federal funding for defense in the Aircraft Parts Distributors industry impact industry performance..

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    What's in this report

    What is the Aircraft Parts Distributors Industry?

    Operators in this industry sell a range of original equipment manufacturer (OEM), non-OEM and aerostructure components (including fuselage, wings and flight control surfaces) used in the maintenance and repair of aircraft to commercial, freight and defense customers. Distributors offer all aircraft parts and typically also sell finished aircraft or offer aircraft repair and maintenance services.

    Industry Products
  • New aircraft
  • New aircraft engines and engine parts
  • New aircraft parts and supplies
  • Used parts and supplies
  • Industry Activities
  • Wholesaling aircraft engines and parts
  • Wholesaling aeronautical equipment and supplies
  • Wholesaling aircraft
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Federal funding for defense
  • Inbound trips by non-US residents
  • Demand from aircraft, engine and parts manufacturing
  • Demand from aircraft maintenance, repair and overhaul

  • Current Performance
  • Offsetting demand trends
  • Competition intensifies
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand gains altitude
  • Challenges remain
  • Table: Aircraft Parts Distributors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aircraft Parts Distributors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Aircraft, Engine & Parts Manufacturing
  • International Airlines
  • Domestic Airlines
  • Charter Flights

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing

  • Products & Services
  • New aircraft parts and supplies
  • Used parts and supplies
  • New aircraft
  • New aircraft engines and engine parts
  • Chart: Aircraft Parts Distributors Industry Products and Services Segmentation

  • Demand Determinants
  • Air travel and regulation
  • Fleet life cycle and age
  • Competition
  • Military spending and operations

  • Major Markets
  • Exports
  • US civil aircraft owners
  • Wholesalers
  • Manufacturers
  • MRO companies
  • US government
  • Chart: Major Market Segmentation for the Aircraft Parts Distributors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Aircraft Parts Distributors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aircraft Parts Distributors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Aircraft Parts Distributors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Aircraft Parts Distributors Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Domestic trips by US residents (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aerostructure
  • A component of an aircraft's airframe, including fuselage, wings or flight control surfaces.
  • Original Equipment Manufacturer (Oem)
  • A manufacturer that produces aircraft parts from component parts purchased from other organizations.
  • Sequester
  • Automatic federal government budget cuts.
  • Subassemblies
  • Preassembled parts designed to interconnect with other components so as to fit into the overall design of the aircraft.
  • What Our Customers Say

    Why buy this report?

    The Aircraft Parts Distributors industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Aircraft Parts Distributors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aircraft Parts Distributors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aircraft Parts Distributors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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