Air Transport Used Serviceable Material Market Size, Share, Outlook By 2027

Air Transport Used Serviceable Material Market to 2027 - Global Analysis and Forecasts by Product Type (Engine, Component, and Airframe); Aircraft Type (Narrowbody Aircraft, Widebody Aircraft, Business Jets, and Regional Jets); Provider (OEM and Non-OEM)

Publication Month : Nov 2019

  • Report Code : TIPRE00004615
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 156
Inquire Before Buy




In terms of revenue, the global air transport used serviceable material market was valued at US$ 4,980.2 million in 2018 and is projected to reach US$ 8,307.9 million by 2027 at a CAGR of 5.9% during the forecast period.

The air transport used serviceable material market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. The presence of well-developed countries such as the US and Canada and high focus on aerospace sector are two of the major factors responsible for the growth of air transport USM market in North America. The US and Canada are characterized by high disposable individual incomes, higher standards of living, and rapid technological advancements in the arena of aerospace engineering. Owing to the higher standards of living in North America, airplanes are the most widely used means of transport for domestic as well as international travel. Hence, the demand of commercial aircrafts for passenger travel and cargo services is quite high in this region. The North American region is also a hub of some of the world’s largest aircraft and helicopter manufacturers such as Boeing, Textron, Gulfstream, Lockheed Martin, Northrop Grumman, Piper Aircraft Inc., Cirrus Design Corporation, Electric Aircraft Corporation, and Bombardier.

Lucrative Regional Air Transport Used Serviceable Material Market

Lucrative Regional Air Transport Used Serviceable Material Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights–Air Transport Used Serviceable Material Market

Refurbishment of Existing Aircrafts

The global airspace is experiencing huge demand for air travel in terms of commercial aircrafts. This is leading the airlines and defense forces to keep their fleets ready with the latest technology and ensure robust components integrated. Refurbishment of existing commercial aircrafts is a major trend prevailing in the aviation industry at present. The trend is expected to surge over the period leading to huge opportunity for the aircraft component suppliers and the Maintenance, Repair, and Overhaul (MRO) companies. The refurbishment of aircrafts includes engine, landing gears, radars and antennas among others. The USM suppliers ensure the availability of some of the major aircraft components at lesser costs and higher reliability, which is increasing the interest among the aircraft manufacturers. Thus, such programs drive the demands for air transport USM as these are low cost alternatives available in the market. Further, different stakeholders in the aviation industry have ventured into the air transport USM space. The aircraft OEMs, component suppliers, MROs have all tapped into the market driving its growth.

Product Type Segment Insights

Based on product type, the engine segment dominated the global air transport used serviceable material market in 2018. Engine OEMs such as General Electric and Pratt and Whitney occupy a considerable share in the engine based USM market. These companies source parts and then integrate them into the customer engine through their own expertise and thereby ensure keeping the costs of engine lower as compared to the newer ones.

Aircraft Type Segment Insights

Based on aircraft type, the narrowbody aircraft segment dominated the global air transport used serviceable material market in 2018. Based on various economic growth factors, evolving business models, and varying dynamics in the global marketplace, a large number of narrowbody aircrafts are being put into operations. The rapid increase in air passengers across the globe, travelling to short and medium haul routes, is generating substantial demand for narrowbody aircrafts. The retirement share of narrowbody aircrafts being the highest, the demand for USM for this segment is also expected to remain the highest during the forecast period.

Accessories Segment Insights

Based on provider, the sights segment held the largest share in global air transport used serviceable material market in 2018. The non-OEM segment consists of MRO service providers and specialty component suppliers. Aircrafts are purchased to operate for longer times and these aircraft fleets that have been in operation for more than a decade or so remain deprived of the advanced technological integrations that emerge on consistent basis.   

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Air Transport Used Serviceable Material Market: Strategic Insights

Market Size Value inUS$ 4,980.2 Million in 2018
Market Size Value byUS$ 8,307.9 Million by 2027
Growth rateCAGR of 5.9% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image


Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2019, AFI KLM E&M is setting up a dedicated subsidiary to source aircraft and oversee their teardown to re-use the assets recovered in support of its maintenance activities. 
  • In 2019, SAFAIR extended and expanded its TrueChoice ;Overhaul agreement with GE Aviation for the maintenance, repair and overhaul of its CFM56-7B engines that power its fleet of Boeing 737-800 aircraft. The new agreement is valued at more than $70 million (USD) over the life of the agreement.

The global air transport used serviceable material market has been segmented as follows:

Air Transport Used Serviceable Material Market – By Product Type

  • Engine
  • Component
  • Airframe

Air Transport Used Serviceable Material Market – By Aircraft Type

  • Narrowbody Aircraft
  • Widebody Aircraft
  • Business Jets
  • Regional Jets

Air Transport Used Serviceable Material Market – By Provider

  • OEM
  • Non-OEM

Air Transport Used Serviceable Material Market- By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Australia
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

Air Transport Used Serviceable Material Market – Companies Profiles

  • A J Walter Aviation Limited
  • AAR Corp
  • AFI KLM & E&M
  • Delta Material Services
  • GA Telesis, LLC
  • General Electric
  • Liebherr Group
  • Lufthansa Technik
  • Pratt & Whitney
  • Honeywell International Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Aircraft Type ; Provider

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. A J Walter Aviation Limited
  2. AAR Corp
  3. AFI KLM & E&M
  4. Delta Material Services
  5. GA Telesis, LLC
  6. General Electric
  7. Honeywell Aerospace Trading
  8. Liebherr
  9. Lufthansa Technik
  10. Pratt & Whitney

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Related Reports