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Used Serviceable Material (USM) Market Latest Innovation, Size, Share Analysis, Growth, Trends, Revenue Status, Key Updates till 2024.

M2 PRESSWIRE-September 4, 2019-: Used Serviceable Material (USM) Market Latest Innovation, Size, Share Analysis, Growth, Trends, Revenue Status, Key Updates till 2024

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RDATE:04092019

Global Used Serviceable Material (USM) Market Research Report: Information by Product Type (Engine, Components and Airframe), Aircraft Type (Narrow Body, Wide Body, Turboprop and Regional), Provider Type (OEM and Non-OEM) and Region (North America, Europe, Asia-Pacific, The Middle East and Africa and Latin America) - Forecast till 2024

Market Synopsis:

The ongoing trend in the aviation industry of procuring used components from retired aircraft and fitting them in the new ones has gained much popularity. It has been assessed in the latest study published by Market Research Future (MRFR) that the global used serviceable material (USM) market is likely to expand at a CAGR of 7% during the assessment period 2019 to 2024.

Competitive Dashboard:

Boeing (US), Aviall (US), Eaton Aerospace (Denmark), GA Telesis, LLC (US), TES Aviation Group (UK), Liebherr Aerospace (Germany), Delta TechOps (US), AAR Corp. (US), General Electric (US), Collins Aerospace (US), and Lufthansa Technik (Germany) are some of the key players participating in the global used serviceable material (USM) market and profiled in the share analysis included in this MRFR report.

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.

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Maintenance repair and overhaul (MRO) providers have adopted USMs to facilitate the reduction of their overall operation time and cost. It is poised to gain further traction in the upcoming years, thus favoring the growth of the used serviceable material (USM) market in the years to come. Rising demand for MRO services is also expected to propel the expansion of the market over the next couple of years. Increasing investments in the modernization of aircraft are likely to motivated replacement of older aircraft with the latest ones. This, in turn, is projected to widen the scope of adoption of used serviceable materials over the next couple of years.

The growth of aircraft aftermarket parts market is likely to hamper the growth rate of the used serviceable material (USM) market in the foreseeable future. However, the cost-effectiveness s of USMs is expected to gain more popularity than aircraft aftermarket parts in the nearby future. It assures a lucrative future trajectory for the used serviceable material (USM) market across the evaluation period.

Market Segmentation:

The key segments of the used serviceable material (USM) market, based on product type, identified in this report are components, engine, and airframe. The engine segment is projected to lead the expansion of the market over the next couple of years. Increasing demand for used engine component and systems are anticipated to facilitate the development of the segment in the years to come.

On the basis of aircraft type, the global used serviceable material (USM) market has been segmented into narrow body, turboprop, wide body, and regional. Among these, the narrow body segment is expected to account for the maximum market share owing to an increasing fleet size of narrow body aircraft by the air service providers.

Based on provider type, the global used serviceable market has been divided into OEM and Non-OEM. The OEM segment is likely to secure the leading position in the market owing to the rising adoption of USMs in commercial aircraft by OEMs.

Regional Analysis:

The geographical assessment of the global used serviceable material (USM) market spans across four major regions - Latin America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and North America. North America is expected to secure and maintain the forefront position in the global market place over the next couple of years. The consolidation of global leaders of the used serviceable material (USM) market in the region, such as Boeing and General Electric, is likely to support the growth pace.

Asia Pacific is set to witness a relatively higher growth rate over the forecast period. Increasing providers of MRO services for aircraft is expected to lead the expansion of the regional used serviceable material (USM) market over the next couple of years. China, Japan, and India are few of the major country-level markets of the region and are poised to contribute substantially to market growth.

Table of Contents:

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Used Serviceable Material (USM) Market, By Product Type

1.1.2. Global Used Serviceable Material (USM) Market, By Aircraft Type

1.1.3. Global Used Serviceable Material (USM) Market, By Provider Type

1.1.4. Global Used Serviceable Material (USM) Market, By Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

Continued...

List of Tables:

Table 1 Global Used Serviceable Material (USM) Market, By Region, 2018-2024

Table 2 North America: Used Serviceable Material (USM) Market, By Country, 2018-2024

Table 3 Europe: Used Serviceable Material (USM) Market, By Country, 2018-2024

Table 4 Asia-Pacific: Used Serviceable Material (USM) Market, By Country, 2018-2024

Table 5 Middle East & Africa: Used Serviceable Material (USM) Market, By Region, 2018-2024

Table 6 Global Used Serviceable Material (USM) Market Size, By Region, 2018-2024

Table 7 North America: Used Serviceable Material (USM) Market Size, By Country, 2018-2024

Table 8 Europe: Used Serviceable Material (USM) Market Size, By Country, 2018-2024

Table 9 Asia-Pacific: Used Serviceable Material (USM) Market Size, By Country, 2018-2024

Table 10 Middle East & Africa: Used Serviceable Material (USM) Market Size, By Region, 2018-2024

Continued...

List of Figures:

FIGURE 1 Research Product Type Of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued...

Browse More Details on Report at:

https://www.marketresearchfuture.com/reports/used-serviceable-material-market-8068

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: sales@marketresearchfuture.com

Media Contact

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Contact Person: Abhishek Sawant

Email: sales@marketresearchfuture.com

Phone: +1 646 845 9312

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Website: https://www.marketresearchfuture.com/reports/used-serviceable-material-market-8068

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