$64.7bn
$X.Xbn
23,593
1,388
$X.Xbn
The Aircraft Parts Distributors industry's performance aligns closely with the economy. The pandemic significantly impeded the industry in 2020 by halting air travel. However, when the economy began to recover, air travel experienced growth as people resumed flying after a year of holding back. This uptick led to aircraft returning to service, relying on distributors for parts and supplies to ensure safety and meet industry standards. Nonetheless, the Federal Reserve's decision to significantly hike interest rates multiple times during 2022 and early 2023 has led to a tighter economic policy. This change has affected budgets and decreased disposable income rates, causing some instability in the industry. However, industry-wide revenue has increased at a CAGR of 2.7% over the past five years, including an estimated 4.9% uptick in 2023 and is expected to total $68.9 billion. In the same year, profit is set to push up to 8.6%.
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $64.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Boeing Co | 4,862.2 | -48.3 | -1.0 |
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Industry revenue is measured across several distinct product and services lines, including New aircraft, New aircraft engines and engine parts and New aircraft parts and supplies. New aircraft is the largest segment of the Aircraft Parts Distributors in the US.
New aircraft parts and supplies are the most popular products
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 sell finished aircraft or repair and maintenance services.
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NAICS 42386 - Aircraft Parts Distributors in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
While most distributors only serve local markets, larger clients have urged companies to simplify the distribution supply chain. This has resulted in increased consolidation ...
Learn about an industry's products and services, markets and trends in international trade.
Larger companies have access to products and services that smaller companies do not. These distributors have the capacity to carry new aircraft for sale.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region caters to many markets, making it an optimal location for distributors. It is home to many aerospace repair shops and defense contractors.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Most distributors operate in a local region and do not expand beyond that scope. This has led to a low level of market share concentration.
Learn about the performance of the top companies in the industry.
Boeing restructured its Defense, Space and Security segment from eight teams to four teams. This helps create a more efficient supply chain and quickly integrate technology i...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
While not required, distributors can receive federal accreditation. This can be useful when dealing with manufacturers and clients to showcase that a company is meeting stand...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit can fluctuate yearly because the price of input costs is volatile. Profit experienced significant downturns amid the pandemic as supply chains were disrupted.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Aircraft Parts Distributors in the US industry in United States is $64.7bn in 2024.
There are 1,388 businesses in the Aircraft Parts Distributors in the US industry in United States, which has grown at a CAGR of 0.2 % between 2018 and 2023.
The market size of the Aircraft Parts Distributors in the US industry in United States has been growing at a CAGR of 2.7 % between 2018 and 2023.
Over the next five years, the Aircraft Parts Distributors in the US industry in United States is expected to grow.
The biggest company operating in the Aircraft Parts Distributors market in United States is Boeing Co
Wholesaling aircraft engines and parts and Wholesaling aeronautical equipment and supplies are part of the Aircraft Parts Distributors in the US industry.
The company holding the most market share in United States is Boeing Co.
The level of competition is high and increasing in the Aircraft Parts Distributors in the US industry in United States.