Global Air Transport USM Market Insights Covering Market Dynamics and Competitive Scenario through 2026 || Key Player - Pratt & Whitney, General Electric, TES Aviation Group, Lufthansa Technik, AAR Corp.

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Air Transport USM Market Insights Covering Market Dynamics and Competitive Scenario through 2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Air Transport USM Market. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market. 

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Increasing fuel prices and dwindling air ticket fares in the face of brimming demand for air transport facilities has driven airline companies towards adoption of Used Serviceable Material (USM). To tackle expenditure challenges, airline companies across the globe are opting for air transport USMs. This has enabled them in coping with the increasing costs of MROs and rising inclination of consumers towards air travel as a sought-after mode of transport.

MRRSE projects that airlines will be compelled to adopt air transport USMs in order to save costs to survive in a volatile marketplace. According to its study, the global market for air transport USM is poised to expand at a steady CAGR of 5.1% during 2017-2026. The study further projects that by the end of 2026, over US$ 7 Bn worth of air transport USMs will be sold globally.

Manufacturing an aircraft remains a complex process, and airline companies are compelled to spend millions of dollars on keeping an aircraft in working conditions. Airliners are expected to wait for years before reaping profits from air travel fares. Owing to such scenario, buying new engines and components in refurbishing of existing or new aircrafts becomes financially impractical. Air transport USMs are relatively affordable and technically feasible for being installed in different aircrafts.

Industrial regulations across the globe prohibit the dumping of used aircraft components as they are valuable commodities in the aerospace industry. These components can be serviced and reused to keep an airline company up and running. As a result, old aircrafts are being dismantled to create a range of USMs that be repurposed in the global air transport sector. Cost savings remains the most influential driver for the growth of the global air transport USM market.

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The report has revealed the engines will be a top-selling product in the global air transport USM market through 2026. In 2017, engines worth US$ 3 Bn were sold in the global air transport USM market.  The demand for air transport USM is also expected to be high with respect to their use in narrowbody jets. In terms of aircraft-type, almost every other air transport USM sold in the global market will be used for narrowbody jets. Over the forecast period, narrowbody jets are pegged to register a value CAGR of 5.2%.

Compared to non-OEMs, a majority of air transport USM will be provided by OEMs. High expenditure in transport of these materials and growing importance on proper maintenance and authorized servicing of air transport USM will drive the contribution of OEMs in the overall market revenues. By 2026-end, nearly 60% of air transport USMs will be provided by OEMs in the global market.

The global market for air transport USM will witness participation of a handful of companies, mostly industry leaders. Through 2026, Pratt & Whitney, General Electric, TES Aviation Group, Lufthansa Technik (LHT), and AAR Corp. will represent the key players in the global air transport USM market. These companies are expected to focus on lowering the complexities in procurement of USMs and increasing the maintenance measures before re-installing them into other aircrafts.

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