PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1473782
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1473782
Air Transport USM Market - By Product (Engine, Component, Airframe), By Provider (OEM, Aftermarket), By Aircraft (Narrowbody Jet, Widebody Jet, Turboprop, Regional Jet) & Forecast, 2024 - 2032
Global Air Transport USM Industry will grow at 4.5% CAGR during 2024-2032, driven by the expansion of commercial and cargo fleets, the trend towards fleet modernization, and aircraft upgrades.
With globalization, urbanization, and increasing disposable incomes worldwide, the aviation industry has witnessed a surge in passenger traffic over the past few decades. According to IATA, In 2023, total air traffic in RPKs increased by almost 37% compared to 2023. This rising demand for air travel has led airlines to expand their fleets and routes to cater to the growing number of travelers. Consequently, the need for maintaining and servicing aircraft has intensified, driving the demand for used serviceable materials (USM) in the aviation aftermarket. As airlines strive to meet the escalating demand for flights, the market is poised to experience further growth, fueled by the continuous need for efficient and cost-effective solutions to support aircraft maintenance and operations.
The Air Transport USM Market is classified based on product, provider, aircraft, and region.
Aftermarket services from the provider segment will gain traction by 2032. Aftermarket services play a vital role in meeting the needs of airlines and aircraft operators. Providers of USM solutions offer a wide range of services, including component repair and overhaul, consignment management, and inventory optimization. By leveraging their expertise and global network, these providers enable airlines to access high-quality, cost-effective components and parts, thus minimizing downtime and maximizing operational efficiency.
The Air Transport USM Market share from the components segment will register a decent growth over 2024-2032, as aircraft operators rely on USM components to maintain and repair their fleets, ensuring optimal performance and safety standards. From avionics systems to landing gear and engine components, USM suppliers offer a diverse portfolio of certified, pre-owned parts that meet stringent quality and regulatory requirements. This enables airlines to source components cost-effectively while maintaining the highest standards of reliability and performance.
Asia Pacific Air Transport USM Industry will showcase an upward growth trajectory through 2032, driven by the rapid expansion of the aviation industry and the emergence of new airline operators. With the rise of low-cost carriers and the increasing demand for air travel in populous countries such as China and India, the region presents lucrative opportunities for USM providers and suppliers. Moreover, the growing emphasis on fleet modernization and operational efficiency further fuels the demand for USM solutions in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier Landscape
- 3.2.1 Component suppliers
- 3.2.2 Technology providers
- 3.2.3 Service providers
- 3.2.4 Distributors
- 3.2.5 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for air transport
- 3.8.1.2 Growing focus of airlines on economic growth and cost efficiency
- 3.8.1.3 Rising aircraft fleet age and retirements
- 3.8.1.4 Stringent regulations enacted by governments related to dumping of aircraft waste
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Stringent regulatory compliance
- 3.8.2.2 Quality and reliability concerns
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Provider, 2018 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 OEM
- 5.3 Aftermarket
Chapter 6 Market Estimates & Forecast, By Aircraft, 2018 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 Narrowbody jet
- 6.3 Widebody jet
- 6.4 Turboprop
- 6.5 Regional jet
Chapter 7 Market Estimates & Forecast, By Product, 2018 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Engine
- 7.3 Component
- 7.4 Airframe
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 A J Walter Aviation Limited
- 9.2 AAR Corp
- 9.3 AerSale Inc.
- 9.4 AFI KLM & E&M
- 9.5 AirLiance Materials, LLC
- 9.6 Boeing Company
- 9.7 Delta Material Services
- 9.8 GA Telesis, LLC
- 9.9 General Electric
- 9.10 HEICO Corporation
- 9.11 Honeywell International, Inc.
- 9.12 Jet Parts Engineering
- 9.13 Liebherr Group
- 9.14 Lufthansa Technik (LHT)
- 9.15 MTU AERO ENGINES AG
- 9.16 Pratt & Whitney
- 9.17 Precision Aircraft Solutions
- 9.18 Satair
- 9.19 SDV Aerospace
- 9.20 TES Aviation Group
