Transport USM Market Trends and Forecast
The future of the global transport USM market looks promising with opportunities in the original equipment manufacturer (OEM) and aftermarket markets. The global transport USM market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing demand for efficient supply chain management in aviation industry and increased focus on sustainability and reducing carbon footprint.
• Lucintel forecasts that engine is expected to witness the highest growth over the forecast period.
• Within this market, original equipment manufacturer (OEM) is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Transport USM Market
• United States: AAR Corp. has expanded its USM inventory management services, offering customized solutions to airlines for optimizing the use of refurbished parts and reducing maintenance costs.
• United Kingdom: British Airways Engineering has partnered with various USM suppliers to enhance its aircraft maintenance operations, focusing on cost-effective solutions without compromising on safety and reliability.
• France: Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has launched a new USM platform, integrating AI and analytics to improve inventory forecasting and optimize the availability of used parts for global airline customers.
• United Arab Emirates: Etihad Airways Engineering has invested in a state-of-the-art USM facility in Abu Dhabi, utilizing advanced refurbishment techniques to extend the lifecycle of aircraft components and support sustainability initiatives.
• Singapore: ST Aerospace has expanded its USM capabilities at its Singapore facility, offering comprehensive repair and overhaul services for a wide range of aircraft parts, catering to global demand for cost-effective maintenance solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Transport USM Market by Segment
The study includes a forecast for the global transport USM market by product type, aircraft type, application, and region.
Transport USM Market by Product Type [Value from 2018 to 2030]:
• Engine
• Components
• Airframe
Transport USM Market by Aircraft Type [Value from 2018 to 2030]:
• Narrow-Body Aircrafts
• Wide-Body Aircrafts
• Turboprop Aircrafts
• Regional Aircrafts
Transport USM Market by Application [Value from 2018 to 2030]:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Transport USM Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Transport USM Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transport USM companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transport USM companies profiled in this report include-
• HNA
• Raytheon Technologies Corporation
• Boeing Company
• Delta Air Lines
• Singapore Technologies Engineering
Recent Development in the Transport USM Market
• GA Telesis has launched a digital platform, iGEAR, to enhance the management and trading of USM components, integrating real-time data analytics for optimized inventory management and customer service.
• AJW Group has expanded its USM capabilities through strategic acquisitions and partnerships, increasing its inventory of refurbished aircraft components to meet growing global demand.
• TARMAC Aerosave has invested in new storage facilities and expanded its USM services, offering end-of-life aircraft dismantling and component refurbishment to maximize resource efficiency and sustainability.
• Turkish Technic has launched a comprehensive USM program, leveraging its extensive MRO capabilities to refurbish and certify aircraft parts, ensuring quality and cost-effectiveness for airline customers globally.
• AerSale has implemented a proactive USM strategy, focusing on acquiring and refurbishing high-demand aircraft components, and offering tailored solutions to airlines seeking to optimize operational costs without compromising safety and reliability.
Features of the Global Transport USM Market
Market Size Estimates: Transport USM market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transport USM market size by product type, aircraft type, application, and region in terms of value ($B).
Regional Analysis: Transport USM market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, aircraft types, applications, and regions for the transport USM market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transport USM market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for transport USM market?
Answer: The global transport USM market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the transport USM market?
Answer: The major drivers for this market are growing demand for efficient supply chain management in aviation industry and increased focus on sustainability and reducing carbon footprint.
Q3. What are the major segments for transport USM market?
Answer: The future of the transport USM market looks promising with opportunities in the original equipment manufacturer (OEM) and aftermarket markets.
Q4. Who are the key transport USM market companies?
Answer: Some of the key transport USM companies are as follows:
• HNA
• Raytheon Technologies Corporation
• Boeing Company
• Delta Air Lines
• Singapore Technologies Engineering
Q5. Which transport USM market segment will be the largest in future?
Answer: Lucintel forecasts that engine is expected to witness the highest growth over the forecast period.
Q6. In transport USM market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the transport USM market by product type (engine, components, and airframe), aircraft type (narrow-body aircraft, wide-body aircraft, turboprop aircraft, and regional aircraft), application (original equipment manufacturer (OEM) and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Transport USM Market Market, Transport USM Market Market Size, Transport USM Market Market Growth, Transport USM Market Market Analysis, Transport USM Market Market Report, Transport USM Market Market Share, Transport USM Market Market Trends, Transport USM Market Market Forecast, Transport USM Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.