Air Transport USM Market is Forecasted to Reach US$ 9.5 billion in 2027, Says Stratview Research

The global air transport USM market is projected to witness a growth rate of 4.1% annually from 2022 to 2027, with an anticipated size of US$ 9.5 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global air transport USM market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2027: US$ 9.5 billion
Growth (CAGR): 4.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Air Transport USM Market:
The global air transport USM market is segmented based on aircraft type, product type, and region.

Based on aircraft type - The aircraft USM market is segmented as narrow-body aircraft, wide-body aircraft, turboprop, and regional aircraft. After being impacted by the pandemic, the wide-body aircraft is expected to rebound at the fastest pace in the market during the forecast period, owing to the gradual opening up of long-haul travel coupled with increasing preference for more efficient wide-body aircraft programs, such as A350 and B787, by replacing older A330ceos and B777s with them. In addition, airlines will be laser-focused on decreasing material costs as air travel resumes. With USM becoming a more acceptable lower-cost alternative to new OEM components, substantial demand for USM is projected in the sector, especially in the near future.

Based on the product type - the market is segmented as engine, components, and airframe. Engine is expected to remain the dominant as well as the fastest-growing product type in the market during the forecast period, mainly due to increasing demand from engine MROs for wide-body engine parts.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2739/air-transport-USM-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for air transport USMs during the forecast period, owing to its largest fleet size. This growth outlook is majorly attributed to the following-
- Emerging economies in Asia have seen the fastest fleet expansion for several years, which will eventually make the region a market leader.
North America is also likely to create sizeable opportunities in the coming five years, driven by the macroeconomic recovery that will affect both, leisure and business travel markets.

Air Transport USM Market Drivers:

Some of the key drivers listed in the report are given below.
- Aging aircraft fleet, early aircraft retirements led by the pandemic, and the increasing focus of major airlines on the influx of used serviceable materials in their maintenance plans to drive down operational costs are the factors, leading to a surplus supply of used serviceable material (USM) to the airlines in the aviation MRO market.
- The low cost of USM is the biggest factor behind the exponential growth in the market. A USM part can bring down the cost by 60% to 80% of an OEM new part. On average a commercial aircraft retires after 25 to 30 years of its service life.

Top Companies in the Air Transport USM Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• GA Telesis, LLC
• AAR Corp.
• The Boeing Company (formerly Aviall Services, Inc.)
• Liebherr Aerospace
• GE Aviation
• Pratt & Whitney (Division of Raytheon Technologies Corporation)
• A J Walter Aviation Limited
• Lufthansa Technik AG
• Delta Material Services, LLC
• AerSale, Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Air Transport USM Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.