Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Commercial Aircraft PMA - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Commercial Aircraft PMA is estimated at US$11.0 Billion in 2023 and is projected to reach US$14.0 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Another reason behind increasing prominence of PMA parts is the continued global events which are compelling airline carriers and aircraft owners to cut costs drastically. Some of those events including terrorist attacks on US soil, the Middle Eastern wars and wars in other places, increasing international terrorism and US' war on such terrorism, the SARS pandemic, natural disasters and calamities among several others.
All these events intermittently slowed down tourism and travel, reducing income and profits for airlines. Airlines suffered due to high maintenance costs alongside reduced profits. Maintenance has been outsourced by many, to the MROs, for cutting costs.
Regional Analysis:
Gain insights into the U.S. market, estimated at $2.6 Billion in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ADPma, LLC, Aero Brake & Spares, Inc., AMETEK, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Commercial Aircraft PMA Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 336 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $11 Billion |
| Forecasted Market Value (USD) by 2030 | $14 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- PMA Parts: Challenging the Sheer Monopoly of OEMs in Replacement Part Domain
- Global Economic Update
- Skyrocketing Aircraft Part Prices Offer Pristine Opportunity to PMA Parts
- Demand-Supply Gap for Aircraft Parts Moves the Needle towards PMA Parts
- Competitive Scenario
- Commercial Aircraft PMA - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- An Introduction to Commercial Aircraft Parts Manufacturer Approval (PMA)
- Chronology of Regulations
- Developments across Other Jurisdictions
- Commercial Aircraft PMA Market to Scale New Heights with Rising Traffic & Expansion of Fleet Size : Global Market Prospects & Outlook
- Air Travel Set to Touch Pre-Pandemic Levels
- Weakening Global Trade as Key Challenge
- Regional Analysis
- World Commercial Aircraft PMA Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2030)
- World Commercial Aircraft PMA Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Recovering Commercial Aviation Industry Brightens the Outlook
- Air Passenger Traffic and Demand for Modern Aircraft Present Growth Opportunities for the Market
- Expanding Aircraft Fleet to Fuel Need for Aircraft PMA Components
- Aging Aircraft Fleet and the Need for Fleet Upgrades and Replacement Parts & Components Presents Opportunities for Commercial Aircraft PMA
- Average Age (in Years) of Select Airlines Around the World
- Recovery in Business & General Aviation Segment to Drive Gains
- Business Aviation Market to Register Growth Despite Economic Volatility & Uncertainty
- OEMs and PMAs Tussle for Larger Share in the Evolving MRO Market
- Primary Factors Responsible for MRO Supply Chain Whirlwind
- A Strong Aircraft MRO Market to Ensure Steady Demand Flow for Replacement Aircraft Parts & Components
- An Overview of Aircraft MRO Norms and Regulations
- Engine MRO Segment Drives Aircraft PMA Market
- Cost Competitive PMA Certified Parts Grow in Importance in the MRO Market
- Threat of PMA Forces OEMs to Reevaluate their Role in the MRO Market
- The Ever-Present Threat of Air Accidents Reinforces the Importance of MRO and Aircraft PMA
- Select Trends in Aircraft Parts Manufacturing Sector
- Additive Manufacturing Storms into the Spotlight in the Aerospace Sector
- Blockchain Gains Spotlight for Aerospace Parts Tracking
- Robots Set to Gain Adoption for Aircraft Assembly Rushing the Uptake of PMA Components
- PMA Testing Services Offer Supporting Credentials for PMA
FOCUS ON SELECT PLAYERS (Total 112 Featured)
- ADPma, LLC
- Aero Brake & Spares, Inc.
- AMETEK, Inc.
- HEICO Corporation
- Parker Hannifin Corporation
- Precision Castparts Corporation
- The Timken Company
- TransDigm Group, Inc.
- Triumph Group, Inc.
- Wencor Group
For more information about this report visit https://www.researchandmarkets.com/r/l9g9ww
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