Locatory.com, one of the fastest-growing aviation marketplaces, announces a rapid increase in demand for used parts for maintenance and aftermarket services, driven by a significant surge in Maintenance, Repair, and Overhaul (MRO) activity. Over the past quarter, the company has experienced an impressive 33% growth in inquiries for aircraft parts, underscoring the vital role that Locatory.com plays in connecting buyers and sellers within the aviation community.
According to industry data, the global aircraft aftermarket parts market is projected to grow from USD 31.22 billion in 2021 to USD 47.33 billion in 2028. With the market poised to continue this growth, Locatory.com is expecting to further develop its offerings, expanding its spare parts database, which currently grows by 15% monthly, allowing for a wider variety of parts to be available.
As the aviation industry rebounds from the challenges posed by the global pandemic, the increased MRO activity represents a positive trend for the industry. This surge in demand for parts for maintenance and aftermarket services reflects the strong commitment of airlines and aircraft operators to ensure the optimal performance of their fleets while focusing on cost-effectiveness.
“We are thrilled to witness such a surge in MRO activity and the subsequent demand for aircraft parts for maintenance and aftermarket solutions,” said Toma Toma Matutyte, CEO of Locatory.com. “As the industry recovers, we remain dedicated to providing seamless services through our efficient platform that facilitates these essential transactions for our global customer base.”
Locatory.com is part of Avia Solutions Group, one of the largest global ACMI (aircraft, crew, maintenance, and insurance) providers with a fleet of 180, aircraft operating on all continents in the world. The group also provides various aviation services such as MRO, pilots and crew training, ground handling and other interconnected solutions.