AIR TRANSPORT USM MARKET TO REACH USD 8.1 BILLION BY 2027 | CAGR 5.1% – FORENCIS RESEARCH

Air Transport USM MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Air Transport USM Market: Key Highlights

  • According to the new market research report Air Transport USM Market by Product Type (Engine, Components, Airframe and Other), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation and Others.), by Application (OEMs, Aftermarket), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Air Transport USM Market is estimated to reach USD 8.1 Billion by 2027 at a CAGR of around 5.1% during the review period.
  • Air transport is the fastest modes for the public transport, which permit the people from others countries to travel different countries for business, medical, and for tourism purposes.
  • Moreover, USM can lead to benefits by minimizing the cost without compromising on the safety or quality. These is anticipate to boost the growth of the market in the forecast period.

Air Transport USM Market

Global Air Transport USM Market: Key Market Dynamics

  • The growing aircraft maintenance, repair, and overhaul (MRO) activities will lead to improve the demand of the market in the forecast period. Whereas, the increasing global airspace is projected a huge demand for the air travel for the commercial aircraft.
  • The one of the major concern issue for the air transport USM market is the market volatility issues which may lead to hinder the growth of the market..
  • Rising in the prices of fuel for air transport lead to boost the airline industries towards adoption of used serviceable material (USM). Hence, these may also fuel the growth of the market in the forecast period.
  • With the airspace is also getting a major demand for air travel which based on commercial-aircraft globally may also play a key role for the growth of air transport USM market in the projected period.

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Global Air Transport USM Market: Regional Overview

  • North America:

In the region, is projected to one of the major player as it lead to the global air transport USM market with more than 25% of the share which will increase the growth of the market. Whereas, the region is the highest revenue contributor in the aircraft transportation used serviceable material market. With the rising commercial aircraft manufacture industries in the countries such as US and Canada, the MRO services providers in Mexico lead to boost the growth of the market. As well as the region also a hub of the global largest aircraft and helicopter manufactures such as Boeing, Textron, Electric Aircraft Corporation and Lockheed Martin.

Hence, these will lead to improve the market demand in the region in the projected period.

  • Asia-Pacific:

The region is witness to increase the demand of the market in the forecast period with adoption of new technologies and services in the field of aviation sector. Whereas, the rise is attributed to the growing demand for commercial aircraft MRO activities in the region will also play a key role for the growth of the market. According to the Air Transport Action Group, in 2016 the region has support of about more than 11 million jobs and more than USD 80 billion in the European economic activity. Moreover, the countries in the region has also witness to a constant growing in number of aged aircraft and procurement of new aircraft fleet.

Hence, according to the International Trade Administration (ITA), China is one of the world second largest civil aerospace and aviation services market. These trend may lead to enhance the growth of the market.

Global Air Transport USM Market: Key Players Overview

  • A J Walter Aviation Limited:

A J Walter Aviation Limited is a world leading specialist for the supply, maintenance as well as repair, of commercial and business aircraft spare parts. Whereas, the company also provides repair process management, engineering, and logistics services. The Used serviceable material (USM) and time-continued material which are the parts that comes from the aircraft. However, the operator that used ageing fleet which is closed to its retirement, can use USM to exchange parts. In 2019, the company has won ‘European and MRO Aviation 100 Award for the parts supplier of the year. Hence, these may also create any positive impact of the growth and development of the market in the forecast period.  

  • AAR Corp.:

The company is an independent provides of the aviation as well as the expeditionary services for the commercial, and defense aviation industries. Whereas, the company deliver industry major aviation services for the commercial as well as the government customer in over 100 countries. In 2020, the company has been named as an Outstanding Source of Repair as well as number 1 in rank in between all the component Source of Repair (SOR) features for 2019 by the NATO Support and Procurement Agency (NSPA) and the International Aerospace Management Company (IAMCO).

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Published : 2020-08-18