Air Transport USM Market - By Product (Engine, Component, Airframe), By Provider (OEM, Aftermarket), By Aircraft (Narrowbody Jet, Widebody Jet, Turboprop, Regional Jet) & Forecast, 2024 - 2032

Air Transport USM Market - By Product (Engine, Component, Airframe), By Provider (OEM, Aftermarket), By Aircraft (Narrowbody Jet, Widebody Jet, Turboprop, Regional Jet) & Forecast, 2024 - 2032

Global Air Transport USM Industry will grow at 4.5% CAGR during 2024-2032, driven by the expansion of commercial and cargo fleets, the trend towards fleet modernization, and aircraft upgrades.

With globalization, urbanization, and increasing disposable incomes worldwide, the aviation industry has witnessed a surge in passenger traffic over the past few decades. According to IATA, In 2023, total air traffic in RPKs increased by almost 37% compared to 2023. This rising demand for air travel has led airlines to expand their fleets and routes to cater to the growing number of travelers. Consequently, the need for maintaining and servicing aircraft has intensified, driving the demand for used serviceable materials (USM) in the aviation aftermarket. As airlines strive to meet the escalating demand for flights, the market is poised to experience further growth, fueled by the continuous need for efficient and cost-effective solutions to support aircraft maintenance and operations.

The Air Transport USM Market is classified based on product, provider, aircraft, and region.

Aftermarket services from the provider segment will gain traction by 2032. Aftermarket services play a vital role in meeting the needs of airlines and aircraft operators. Providers of USM solutions offer a wide range of services, including component repair and overhaul, consignment management, and inventory optimization. By leveraging their expertise and global network, these providers enable airlines to access high-quality, cost-effective components and parts, thus minimizing downtime and maximizing operational efficiency.

The Air Transport USM Market share from the components segment will register a decent growth over 2024-2032, as aircraft operators rely on USM components to maintain and repair their fleets, ensuring optimal performance and safety standards. From avionics systems to landing gear and engine components, USM suppliers offer a diverse portfolio of certified, pre-owned parts that meet stringent quality and regulatory requirements. This enables airlines to source components cost-effectively while maintaining the highest standards of reliability and performance.

Asia Pacific Air Transport USM Industry will showcase an upward growth trajectory through 2032, driven by the rapid expansion of the aviation industry and the emergence of new airline operators. With the rise of low-cost carriers and the increasing demand for air travel in populous countries such as China and India, the region presents lucrative opportunities for USM providers and suppliers. Moreover, the growing emphasis on fleet modernization and operational efficiency further fuels the demand for USM solutions in the region.