Air Transport USM Market Global Industry Analysis and Forecast (2024-2030), By Product Type (Engine, Components, Airframe, Other), By Aircraft Type (Narrowbody Jet, Widebody Jet, Turboprop, Regional Jet), By Application (OEMs, Aftermarket), and Region.
Global Air Transport USM Market Synopsis
Air Transport USM Market Size Was Valued at USD 8,100.00 Million in 2023 and is Projected to Reach USD 11,670.00 Million by 2030, Growing at a CAGR of 4.99% From 2024-2030.
The Global Air Transport Used Serviceable Material (USM) market is experiencing notable growth, driven by increasing demand for air travel and the need for cost-effective aircraft maintenance solutions.
• The market is witnessing trends such as the development of on-demand USM marketplaces and the integration of artificial intelligence for inventory optimization. Additionally, there is an increasing focus on regulatory compliance and partnerships within the industry to enhance USM solutions.
• A significant rise in global air travel has led to higher utilization rates of aircraft, necessitating more frequent maintenance and repairs. This trend is fuelled by rising disposable incomes and enhanced connectivity, particularly in emerging markets like Asia Pacific.
• The aviation industry is placing greater emphasis on sustainability, and the use of USMs aligns with these goals by promoting resource conservation and reducing waste. Reusing serviceable components from retired aircraft helps minimize the environmental impact associated with manufacturing new parts.
Global Air Transport USM Market Trend Analysis
Growing Focus on Cost Efficiency:
• Airlines are increasingly seeking cost-effective solutions for aircraft maintenance, repair, and overhaul (MRO) services. The USM market offers a significant cost advantage by providing high-quality, second-hand parts at lower prices compared to new components, which can reduce maintenance costs by 30-70%. This cost-saving focus is especially critical for airlines facing economic challenges or high fuel prices.
Aging Fleet and Aircraft Retirements:
• As older aircraft are retired, there is a growing supply of used serviceable materials from disassembled airplanes. The rising number of aircraft retirements, particularly in the commercial aviation sector, creates a steady flow of USM inventory, which supports the growth of the market.
Global Air Transport USM Market Segment Analysis:
Air Transport USM Market Segmented based on Product Type, Aircraft Type, Application and Region.
By Product Type, Engine segment is expected to dominate the market during the forecast period
By Product Type, the Engine segment is the fastest-growing segment due to increasing demand for cost-effective engine components and the rising need for MRO services. USM for engines allows airlines and MRO providers to reduce operational costs while maintaining high safety and performance standards. The reusability of engine components also contributes to sustainability efforts.
Global Air Transport USM Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
Geographically, North America is expected to witness the highest growth over the forecast period. The U.S. will continue to play a crucial role, significantly influencing the direction of the market. Growth in North America is driven by the widespread adoption of advanced aviation technologies, along with the strong presence of key industry leaders and regulatory frameworks.
North America market is characterized by significant demand from airlines, MRO providers, and lessors who are looking for cost-efficient solutions to maintain and extend the operational life of their aircraft. The USM market in North America is growing steadily, supported by the increased use of aftermarket parts by airlines looking to optimize maintenance costs.
Global Air Transport USM Market Top Key Players:
• A J Walter Aviation Limited
• AFI KLM E&M
• Delta Material Services (Delta Air Lines)
• General Electric
• Honeywell International Inc
• Liebherr Group
• Pratt & Whitney
• AirLiance Materials, LLC
• TES Aviation Group
• Lufthansa Technik
• MTU AERO ENGINES AG
• Other Major Players
Key Developments:
• In AUG 2024, AJW Group successfully launched a Power-by-the-Hour (PBH) contract with Ascend Airways, which became effective last month. The multi-year agreement supported Ascend Airways' Boeing 737MAX and 737NG aircraft with a tailored program, including component supply and world-class Maintenance, Repair, and Overhaul (MRO) services provided by AJW Technique in Montreal and their global repair network.
• In Sept 2024, AFI KLM E&M announced a landmark five-year agreement with Cambodia Airways to enhance its maintenance and support operations. The contract covered extensive component support for the airline’s Airbus A319 and A320 fleet, including pool services, repair, logistics, and Main Base Kit positioning. This arrangement ensured Cambodia Airways received uninterrupted operational support, helping to maintain high aircraft performance and reliability. By integrating these services, the airline improved its operational efficiency, minimized downtime, and upheld high safety and performance standards.
Global Air Transport USM Market RD TOC:
1. Research Methodology
1.1. Global Air Transport USM Market Snapshot, 2024 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Key Trends
3.3. Air Transport USM Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Application
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Air Transport USM Market Outlook: Forecast (2024 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2024–2030
4.3. Global Air Transport USM Market Outlook: Product Type
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Product Type, 2024 – 2030
4.3.2.1. Engine
4.3.2.2. Components
4.3.2.3. Airframe
4.3.2.4. Other
4.4. Global Air Transport USM Market Outlook: Aircraft Type
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
4.4.2.1. Narrowbody Jet
4.4.2.2. Widebody Jet
4.4.2.3. Turboprop
4.4.2.4. Regional Jet
4.5. Global Air Transport USM Market Outlook: Application
4.5.1. Introduction / Key Findings
4.5.2. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
4.5.2.1. OEMs
4.5.2.2. Aftermarket
5. Global Air Transport USM Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2024 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Air Transport USM Market Outlook: Forecast (2024 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
6.3.1. By Country
6.3.2. By Product Type
6.3.3. By Aircraft Type
6.3.4. By Application
6.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Product Type, 2024 – 2030
6.5.1. Engine
6.5.2. Components
6.5.3. Airframe
6.5.4. Other
6.6. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
6.6.1. Narrowbody Jet
6.6.2. Widebody Jet
6.6.3. Turboprop
6.6.4. Regional Jet
6.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
6.7.1. OEMs
6.7.2. Aftermarket
7. Europe Air Transport USM Market Outlook: Forecast (2024 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
7.3.1. By Country
7.3.2. By Product Type
7.3.3. By Aircraft Type
7.3.4. By Application
7.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Product Type, 2024 – 2030
7.5.1. Engine
7.5.2. Components
7.5.3. Airframe
7.5.4. Other
7.6. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
7.6.1. Narrowbody Jet
7.6.2. Widebody Jet
7.6.3. Turboprop
7.6.4. Regional Jet
7.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
7.7.1. OEMs
7.7.2. Aftermarket
8. Asia Pacific Air Transport USM Market Outlook: Forecast (2024 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Aircraft Type
8.3.4. By Application
8.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Product Type, 2024 – 2030
8.5.1. Engine
8.5.2. Components
8.5.3. Airframe
8.5.4. Other
8.6. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
8.6.1. Narrowbody Jet
8.6.2. Widebody Jet
8.6.3. Turboprop
8.6.4. Regional Jet
8.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
8.7.1. OEMs
8.7.2. Aftermarket
9. Latin America Air Transport USM Market Outlook: Forecast (2024 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Aircraft Type
9.3.4. By Application
9.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Product Type, 2024 – 2030
9.5.1. Engine
9.5.2. Components
9.5.3. Airframe
9.5.4. Other
9.6. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
9.6.1. Narrowbody Jet
9.6.2. Widebody Jet
9.6.3. Turboprop
9.6.4. Regional Jet
9.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
9.7.1. OEMs
9.7.2. Aftermarket
10. Middle East & Africa Air Transport USM Market Outlook: Forecast (2024 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2024 – 2030
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Aircraft Type
10.3.4. By Application
10.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Product Type, 2024 – 2030
10.5.1. Engine
10.5.2. Components
10.5.3. Airframe
10.5.4. Other
10.6. Market Size (US$ Mn) and Forecast By Aircraft Type, 2024 – 2030
10.6.1. Narrowbody Jet
10.6.2. Widebody Jet
10.6.3. Turboprop
10.6.4. Regional Jet
10.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
10.7.1. OEMs
10.7.2. Aftermarket
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. A J Walter Aviation Limited
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. AFI KLM E&M
11.3.3. Delta Material Services (Delta Air Lines)
11.3.4. General Electric
11.3.5. Honeywell International Inc
11.3.6. Liebherr Group
11.3.7. Pratt & Whitney
11.3.8. AirLiance Materials, LLC
11.3.9. TES Aviation Group
11.3.10. Lufthansa Technik
11.3.11. MTU AERO ENGINES AG
11.3.12. Other Major Players
