Global Air Transport USM Market Opportunities and Forecast for period from 2024 to 2031

The "Air Transport USM Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Air Transport USM market is expected to grow annually by 4.7% (CAGR 2024 - 2031).

This entire report is of 141 pages.

Air Transport USM Introduction and its Market Analysis

The Air Transport USM (Used Serviceable Material) market research report provides insights into market conditions, target demographics, and revenue growth drivers. Key companies operating in this market include Pratt & Whitney, TES Aviation Group, General Electric, AAR Corp, Lufthansa Technik (LHT), MTU Aero Engines, A J Walter Aviation, AFI KLM E&M, GA Telesis, and AirLiance Materials. Major factors driving revenue growth include increasing demand for cost-effective maintenance solutions and technological advancements in the aviation industry. The report highlights the market trends, competitive landscape, and key recommendations for companies looking to capitalize on the opportunities in the Air Transport USM market.

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The USM market for air transport is a dynamic and growing sector, with various segments such as engine, components, airframe, and other services. The market is further segmented into OEM (Original Equipment Manufacturer) and aftermarket, catering to the needs of both new and existing aircrafts. The regulatory and legal factors specific to the market conditions include stringent safety and security regulations, environmental laws, and the need for compliance with FAA (Federal Aviation Administration) standards. These factors play a crucial role in shaping the competitive landscape of the air transport USM market, driving innovation and investment in technologies that ensure the reliability and efficiency of aircraft components and systems. As the demand for air transport continues to increase, the USM market is expected to witness significant growth and opportunities for players in the industry.

Top Featured Companies Dominating the Global Air Transport USM Market

The air transport used serviceable material (USM) market is highly competitive, with companies such as Pratt & Whitney, TES Aviation Group, General Electric, AAR Corp, Lufthansa Technik (LHT), MTU Aero Engines, A J Walter Aviation, AFI KLM E&M, GA Telesis, and AirLiance Materials operating in this space. These companies provide a range of products and services to the aviation industry, including engine parts, components, and maintenance services.

Pratt & Whitney is a leading aircraft engine manufacturer that also offers USM products and services. TES Aviation Group specializes in the purchasing, selling, and leasing of aircraft engines and related components. General Electric is another major player in the market, providing aircraft engines, components, and maintenance services.

AAR Corp is a global leader in aviation services, with a focus on aftermarket products and services. Lufthansa Technik (LHT) is a leading provider of aircraft maintenance, repair, and overhaul services. MTU Aero Engines is a German aircraft engine manufacturer that also offers USM products and services.

A J Walter Aviation, AFI KLM E&M, GA Telesis, and AirLiance Materials also play significant roles in the air transport USM market, providing a wide range of products and services to airlines and aircraft operators.

These companies help to grow the air transport USM market by offering cost-effective solutions for maintaining and repairing aircraft engines and components. By providing high-quality USM products and services, these companies help airlines reduce maintenance costs and improve operational efficiency.

In terms of sales revenue, Pratt & Whitney reported total revenues of $ billion in 2020, General Electric reported $74.1 billion in aviation revenues in 2020, and Lufthansa Technik (LHT) reported total revenues of €5.1 billion in 2019. These figures demonstrate the significant market presence and financial power of these companies in the air transport USM market.

Pratt & Whitney
TES Aviation Group
General Electric
AAR Corp
Lufthansa Technik (LHT)
MTU Aero Engines
A J Walter Aviation
AFI KLM E&M
GA Telesis
AirLiance Materials

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Air Transport USM Market Analysis, by Type:

Engine
Components
Airframe
Other

Air transport USM includes various types such as engines, components, airframes, and other equipment. These types play a crucial role in boosting the demand of the air transport USM market by ensuring the safe and efficient operation of aircraft. Engines provide the necessary power for flight, components ensure smooth functioning of systems, airframes provide structural stability, and other equipment such as avionics and landing gear enhance overall performance. By maintaining and replacing these essential parts through USM, operators can extend the lifespan of their aircraft at a lower cost, thereby increasing the demand for air transport USM services.

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Air Transport USM Market Analysis, by Application:

OEM
Aftermarket

The application of Air Transport USM (Used Serviceable Material) in the OEM (Original Equipment Manufacturer) sector involves the sourcing and integration of components from retired aircraft into newly manufactured products. In the aftermarket, USM is used for maintenance and repair as a cost-effective alternative to purchasing new parts. The fastest growing application segment in terms of revenue is the aftermarket, due to the rising demand for cost-efficient solutions in the maintenance and repair of aging aircraft fleets, driving the adoption of USM as a viable option for reducing operational costs.

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Air Transport USM Industry Growth Analysis, by Geography:

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The Air Transport USM market is expected to experience significant growth in regions around the world. North America, particularly the United States and Canada, is anticipated to dominate the market due to the presence of major airlines and technologically advanced infrastructure. Europe, including Germany, France, ., Italy, and Russia, is also expected to hold a significant market share. In the Asia-Pacific region, countries like China, Japan, South Korea, India, and Australia are projected to contribute to market growth. Latin America, specifically Mexico, Brazil, Argentina, and Colombia, is expected to see steady growth. The Middle East & Africa region, with countries like Turkey, Saudi Arabia, UAE, and Korea, is also expected to witness growth in the Air Transport USM market. Overall, North America is anticipated to dominate the market with a market share valuation of around 35%, followed by Europe at 25%, Asia-Pacific at 20%, Latin America at 10%, and Middle East & Africa at 5%.

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