Air Transport USM Market to Grow CAGR of 4.43% through 2030
Increasing demand for cost-effective maintenance solutions, growing number of aircraft retirements, and advancements in USM quality standards are the factors driving the market in the forecast period
According to TechSci Research report, “Air
Transport USM Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F”, the Global Air Transport USM Market was valued at USD 2.82 Billion in 2024 and is expected to reach USD 3.66 Billion by 2030 with a CAGR of 4.43% during the forecast period. The global Air Transport USM market is primarily driven by the increasing demand for cost-effective maintenance solutions. Airlines face constant pressure to reduce operational costs, and USM offers a viable solution by allowing the use of serviceable materials from retired aircraft. This significantly cuts maintenance expenses while ensuring safety and compliance. As maintenance, repair, and overhaul (MRO) costs are a major part of airline budgets, USM presents an effective strategy for cost reduction. The growing availability of retired aircraft parts, driven by the introduction of more fuel-efficient and technologically advanced models, also ensures a steady supply to meet rising demand.
Advancements in recycling and sustainability practices within aviation further boost the USM market. Airlines and MRO providers are increasingly adopting environmentally friendly practices, including aircraft part recycling, making USM a more appealing green alternative. This trend, along with technological advancements, is reshaping the market and contributing to its growth. The post-pandemic recovery in the aviation industry is expected to accelerate the demand for USM, particularly in regions like Asia Pacific, which is emerging as a key growth area. With continued focus on cost-effective and sustainable solutions, USM will play a vital role in modernizing aircraft maintenance practices.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Air Transport USM Market.”
The global Air Transport USM market segmented into component type, aircraft type, region and company.
In 2024, the wide-body aircraft segment is poised to be the fastest-growing segment in the Global Air Transport USM market. Wide-body aircraft, commonly used for long-haul international flights, have a significant presence in the commercial aviation sector, especially for airlines serving high-demand routes. The growth of this segment is driven by an increasing need for cost-effective maintenance solutions, particularly as airlines look for ways to manage maintenance, repair, and overhaul (MRO) costs. The complexity and high operational costs associated with wide-body aircraft make the use of serviceable materials from retired aircraft particularly appealing. With a larger fleet of wide-body aircraft reaching the end of their operational life, there is an expanding supply of parts for refurbishment and reintroduction into the market. Airlines, especially those operating long-haul services, benefit from using these refurbished components to reduce maintenance costs while ensuring compliance with safety standards. The continued expansion of global air travel, especially in high-density international routes, also drives the demand for wide-body aircraft, further fueling the growth of USM within this segment.
The Asia-Pacific region is emerging as the fastest-growing market for Air Transport USM in 2024. Several factors contribute to this rapid growth, including an expanding aviation sector, increased demand for cost-efficient maintenance solutions, and a rising number of aircraft retirements. The Asia-Pacific region is home to a large and growing fleet of wide-body aircraft, especially in countries with major international hubs. As airlines in the region seek ways to reduce operating expenses, the demand for used serviceable materials continues to rise. The post-pandemic recovery and the resurgence of international travel in the Asia-Pacific region further contribute to the demand for USM, especially as carriers look for cost-effective ways to maintain their fleets. Additionally, the region's focus on sustainability and environmentally friendly practices is making USM a more attractive solution for MRO providers and airlines. As a result, the Asia-Pacific market is expected to see substantial growth in the coming years, driven by a combination of expanding air traffic, fleet renewal, and a growing preference for sustainable, cost-saving maintenance solutions.
Major companies operating in Global Air Transport
USM Market are:
- AerFin Limited
- The Boeing Company
- General Electric Company
- Honeywell International Inc.
- GA Telesis, LLC
- Meggitt PLC
- MTU Aero Engines AG
- RTX Corporation
- Rolls-Royce plc
- AAR Corp.
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“The Global Air
Transport Used Serviceable Material (USM) Market is a pivotal domain where
economic efficiency meets sustainability in aviation. Driven by the imperative
for cost-effective maintenance, the market thrives on the reuse of meticulously
inspected components, offering airlines substantial savings without
compromising safety. This dynamic market embraces digital transformation,
sustainability practices, and collaborative partnerships. As airlines
increasingly focus on sustainable operations, the USM Market aligns with
circular economy principles, contributing to environmental responsibility.
Amidst technological advancements and market trends, the USM Market remains
integral, ensuring the longevity, efficiency, and eco-consciousness of the
global air transport industry.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Air Transport USM Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component Type (Engine, Landing Gear, Hydraulic System, Avionics, and Others), By Aircraft Type (Wide-Body, Narrow-Body, Regional Jets, and Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global
Air Transport USM Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Air
Transport USM Market.
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