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The increases reflect the military's demand for replacement parts for out-of-production aircraft.
Despite huge demand for replacement organs, few companies have managed to produce tissue-engineered therapies for market.
Federal-Mogul, which is based in Southfield, Mich., has struggled with falling demand for replacement parts and lower-than-expected savings from a series of 1998 acquisitions.
More important, the analysts estimate that Nokia's average selling price in Finland jumped 5percentt last year, fueled by demand for replacement handsets.
And the tire industry's overall sales are weakening as auto production begins to slow and as a cooling economy dampens demand for replacement tires.
As confused consumers kept phones ringing off the hooks yesterday at dealers across the country, Bridgestone/Firestone struggled to cope with the demand for replacement tires unleashed by its recall of 6.5 million tires for sport utility vehicles.
Similar(45)
"There is a genuine demand for replacements," he said.
But, with appliances and cars aging, there is pent-up demand for replacements.
A strong recovery can't rely on pent-up demand for replacements or on the spending of the richest 10percentnt.
In the last few years, articles have decried the graying of the profession, noting a large percentage of librarians that would soon be retiring and a seemingly insurmountable demand for replacements.
This means about 7 billion T-shirts have to be manufactured each year just to meet the demand for replacements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com