Used Serviceable Material (USM) Market Global Overview | Leading Players Review and Forecast to 2024

Market Insight

The growth of the global market for Used Serviceable Material (USM) is largely driven by the increasing demand for the number of replacement parts of aircraft by aircraft manufacturers in developing nations. This is leading to an increased demand for maintenance and repair facilities. This has led aircraft manufacturers to procure used parts for various applications. Moreover, the need to modernize the older aircraft with new, reliable, and latest technologies is fueling the growth of the global market for used serviceable material (USM).

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Key Players

The key players in the Global USM Market are Eaton Aerospace (Denmark), Aviall (US), Boeing (US), GA Telesis, LLC (US), Delta TechOps (US), Liebherr Aerospace (Germany), AAR Corp. (US), Collins Aerospace (US), General Electric (US), TES Aviation Group (UK), and Lufthansa Technik (Germany).

Market Segment

Global USM Market has been segmented based on product type, aircraft type, provider type, and region.

On the basis of product type, the COVID-19 Pandemic Impact on Used Serviceable Material (USM) Market has been segmented into engine, components, and airframe. The engine segment accounted for the largest share due to the use of engine components from retired aircraft, in various aircraft engines. The component segment is expected to register the highest growth rate during the forecast period.

Based on provider type, the market has been classified as OEM and non-OEM. The OEM segment is expected to grow at a higher rate and account for the larger share during the forecast period due to rise in preference of OEM suppliers by the airlines and other end users.

Regional Analysis

Global Used Serviceable Material (USM) Market has been segmented, based on region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

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