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ON-DEMAND SPARE PARTS FOR THE MAIN INDUSTRIAL MANUFACTURING SECTORS

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AVIATION SPARE PARTS

Worldwide market size in 2019

$907.2 billion

CAGR from 2020 to 2027

4.1%





AUTOMOTIVE SPARE PARTS

Worldwide market size in 2019

$378.4 billion

CAGR from 2020 to 2027

4.0%

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Spare parts are not sexy, but its markets are immensely big.

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For just only AM end-use parts production markets the predictions are:


Automotive AM end-use parts market
in 2030 — USD 10 billion

Civil Aviation AM end-use parts market
in 2030 — USD 7 billion

Oil & Gas AM end-use parts market
in 2025 — USD 1.4 billion


(Source: SmartTech Analysis, 2019)