COVID-19 has wreaked havoc on a variety of businesses, including infrastructure, retail, and manufacturing. According to CMI's data, most nations have instituted severe lockdowns and cancelled domestic and international flights to battle the COVID-19 epidemic, reducing people's monetary expenditure on air travel activities. Due to a shortage of personnel, companies that manufacture aeroplane parts are suffering production delays. The COVID-19 epidemic has slowed the growth of the aviation components business in 2020, as supply chains have been disrupted owing to a lack of staff at production sites.
Due to trade limitations, corporations were also unable to transport the shipments. Canada's aviation manufacturers rely largely on the United States for parts and components. The aviation components market, on the other hand, is predicted to recover from the crisis throughout the forecast period along with Aircraft Parts Market. Lockdown orders hampered the supply chain, and domestic and foreign travel was also prohibited, resulting in lower sales of aeroplane components for several industries. For example, sales at significant aircraft manufacturers such as General Dynamics and Lockheed Martin fell by around 4.1 percent and 8.6 percent, respectively, from 2019 to 2020.
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