Vietnam Aircraft Aftermarket Parts Market Outlook | Industry, Trends, Revenue, Forecast, Companies, COVID-19 IMPACT, Share, Value, Growth, Size & Analysis

Market Forecast By Parts Type (MRO Parts, Rotable Replacement Parts), By Component Type (Engine, Airframe, Interior, Cockpit Systems, Others), By Aircraft Type (Narrow-body, Wide-body, Regional Aircraft) And Competitive Landscape
Product Code: ETC240750 Publication Date: Aug 2022 Updated Date: Sep 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Vietnam Aircraft AfterMarket Shipment Analysis Parts Market Shipment Analysis

vietnam Aircraft Aftermarket Parts Market registered a growth of 23.25% in value shipments in 2021 as compared to 2020 and a decrease of -5.89% CAGR in 2021 over a period of 2017. In Aircraft Aftermarket Parts Market vietnam is becoming less competitive as HHI index in 2021 was 4052 while in 2017 it was 2883. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

vietnam has reportedly relied more on domestic production to meet its growing demand in Aircraft Aftermarket Parts Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Aircraft Aftermarket Parts Market in 2021 was 0.61 while in 2017 it was 0.95. USA, France, Japan, Germany and United Kingdom were among the top players of the market in 2021, where USA acquired the largest market share of 53.57% with a shipment value of 142.37 million USD in 2022 USA also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Aircraft Aftermarket Parts Market. In 2017 USA had the largest market share of 39.8% with the shipment value of 116.24 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USA price is lower than the average price, it provided a significant edge among other competitor in 2017.


Vietnam Aircraft Aftermarket Parts Market Synopsis

The Vietnam aircraft aftermarket parts market serves the aerospace and aviation industries by providing replacement and maintenance parts for aircraft. These aftermarket parts include engines, avionics, and components essential for aircraft maintenance and repair. The market supports airlines and maintenance organizations in ensuring the continued airworthiness of aircraft.

Drivers of the Market

The Vietnam aircraft aftermarket parts market has witnessed growth due to the need for aircraft maintenance, repair, and overhaul (MRO) services. A significant driver is the demand for aftermarket parts and components to keep aircraft in safe and operational condition. As Vietnam aviation industry grows and aircraft fleets age, the market for aftermarket parts has expanded to support MRO activities. Moreover, collaborations with international MRO providers and manufacturers have contributed to the growth of this sector.

Challenges of the Market

Challenges in the Vietnam aircraft aftermarket parts market include the need for a robust supply chain and inventory management to provide timely and certified replacement parts. Meeting aviation safety and quality standards for aftermarket components while managing costs poses significant hurdles. Market players must also navigate international trade regulations.

COVID-19 Impact on the Market

The COVID-19 pandemic significantly influenced the Vietnam aircraft aftermarket parts market. With disruptions in aviation and travel, the demand for aftermarket parts temporarily decreased. However, as aviation activities and maintenance operations resumed post-pandemic, the market began to recover.

Key Players in the Market

Notable players in the Vietnam aircraft aftermarket parts market consist of various aviation maintenance and repair organizations, including the Vietnam Airlines Engineering Company (VAECO) and SAMCO Corporation. They specialize in supplying aftermarket parts and services for aircraft.

Key Highlights of the Report:

  • Vietnam Aircraft Aftermarket Parts Market Outlook
  • Market Size of Vietnam Aircraft Aftermarket Parts Market, 2021
  • Forecast of Vietnam Aircraft Aftermarket Parts Market, 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Revenues & Volume for the Period 2018 - 2028
  • Vietnam Aircraft Aftermarket Parts Market Trend Evolution
  • Vietnam Aircraft Aftermarket Parts Market Drivers and Challenges
  • Vietnam Aircraft Aftermarket Parts Price Trends
  • Vietnam Aircraft Aftermarket Parts Porter's Five Forces
  • Vietnam Aircraft Aftermarket Parts Industry Life Cycle
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Parts Type for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By MRO Parts for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Rotable Replacement Parts for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Component Type for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Engine for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Airframe for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Interior for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Cockpit Systems for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Others for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Aircraft Type for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Narrow-body for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Wide-body for the Period 2018 - 2028
  • Historical Data and Forecast of Vietnam Aircraft Aftermarket Parts Market Revenues & Volume By Regional Aircraft for the Period 2018 - 2028
  • Vietnam Aircraft Aftermarket Parts Import Export Trade Statistics
  • Market Opportunity Assessment By Parts Type
  • Market Opportunity Assessment By Component Type
  • Market Opportunity Assessment By Aircraft Type
  • Vietnam Aircraft Aftermarket Parts Top Companies Market Share
  • Vietnam Aircraft Aftermarket Parts Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Aircraft Aftermarket Parts Company Profiles
  • Vietnam Aircraft Aftermarket Parts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Vietnam Aircraft Aftermarket Parts Market Overview

3.1 Vietnam Country Macro Economic Indicators

3.2 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, 2021 & 2028F

3.3 Vietnam Aircraft Aftermarket Parts Market - Industry Life Cycle

3.4 Vietnam Aircraft Aftermarket Parts Market - Porter's Five Forces

3.5 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume Share, By Parts Type, 2021 & 2028F

3.6 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume Share, By Component Type, 2021 & 2028F

3.7 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume Share, By Aircraft Type, 2021 & 2028F

4 Vietnam Aircraft Aftermarket Parts Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Vietnam Aircraft Aftermarket Parts Market Trends

6 Vietnam Aircraft Aftermarket Parts Market, By Types

6.1 Vietnam Aircraft Aftermarket Parts Market, By Parts Type

6.1.1 Overview and Analysis

6.1.2 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Parts Type, 2018 - 2028F

6.1.3 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By MRO Parts, 2018 - 2028F

6.1.4 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Rotable Replacement Parts, 2018 - 2028F

6.2 Vietnam Aircraft Aftermarket Parts Market, By Component Type

6.2.1 Overview and Analysis

6.2.2 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Engine, 2018 - 2028F

6.2.3 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Airframe, 2018 - 2028F

6.2.4 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Interior, 2018 - 2028F

6.2.5 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Cockpit Systems, 2018 - 2028F

6.2.6 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Others, 2018 - 2028F

6.3 Vietnam Aircraft Aftermarket Parts Market, By Aircraft Type

6.3.1 Overview and Analysis

6.3.2 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Narrow-body, 2018 - 2028F

6.3.3 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Wide-body, 2018 - 2028F

6.3.4 Vietnam Aircraft Aftermarket Parts Market Revenues & Volume, By Regional Aircraft, 2018 - 2028F

7 Vietnam Aircraft Aftermarket Parts Market Import-Export Trade Statistics

7.1 Vietnam Aircraft Aftermarket Parts Market Export to Major Countries

7.2 Vietnam Aircraft Aftermarket Parts Market Imports from Major Countries

8 Vietnam Aircraft Aftermarket Parts Market Key Performance Indicators

9 Vietnam Aircraft Aftermarket Parts Market - Opportunity Assessment

9.1 Vietnam Aircraft Aftermarket Parts Market Opportunity Assessment, By Parts Type, 2021 & 2028F

9.2 Vietnam Aircraft Aftermarket Parts Market Opportunity Assessment, By Component Type, 2021 & 2028F

9.3 Vietnam Aircraft Aftermarket Parts Market Opportunity Assessment, By Aircraft Type, 2021 & 2028F

10 Vietnam Aircraft Aftermarket Parts Market - Competitive Landscape

10.1 Vietnam Aircraft Aftermarket Parts Market Revenue Share, By Companies, 2021

10.2 Vietnam Aircraft Aftermarket Parts Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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