
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global aircraft part industry is forecast to reach 3.9% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.9%. Currently, turbo-jet engines account for 22.4% of the global demand while the remaining market share is divided between turbo-propeller engines (2.1%), other aircraft engines (1.0%), parts for aircraft engines (35.7%), aircraft under-carriages (2.9%), aircraft propellers and rotors (0.7%) and other aircraft parts (35.2%).