Used Serviceable Material Market Report: Trends, Forecast and Competitive Analysis to 2030

Used Serviceable Material Trends and Forecast

The future of the global used serviceable material market looks promising with opportunities in the narrow body aircraft , wide body aircraft, and turboprop aircraft markets. The global used serviceable material market is expected to reach an estimated $8.6 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising number of retired aircrafts, increasing emphasis on aviation safety and aircraft modernization programs, and growing demand for cost-effective solutions.

A more than 150-page report is developed to help in your business decisions.

Used Serviceable Material by Segment

The study includes a forecast for the global used serviceable material by product type, provider type, aircraft type, and region.

Used Serviceable Material Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Engines
• Components
• Airframe

Used Serviceable Material Market by Provider type [Shipment Analysis by Value from 2018 to 2030]:

• Original Equipment Manufacturers
• Non-Original Equipment Manufacturers

Used Serviceable Material Market by Aircraft type [Shipment Analysis by Value from 2018 to 2030]:

• Narrow Body Aircrafts
• Wide Body Aircrafts
• Turboprop Aircrafts

Used Serviceable Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Used Serviceable Material 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 used serviceable material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the used serviceable material companies profiled in this report include-

• Delta TechOps
• Collins Aerospace
• General Electric
• Aviall
• TES Aviation

Used Serviceable Material Market Insights

Lucintel forecasts that engine will remain the largest segment over the forecast period due to growing demand for wide-body engine part from engine MROs.

Within this market, wide body aircraft will remain the largest segment due to the growing demand for new and more efficient wide-body aircraft programs.

North America will remain the largest region over the forecast period due to growing investments in the infrastructure of USMs for commercial as well as defence applications so as to improve operational accuracy and reduce risk factors.

Features of the Global Used Serviceable Material Market

Market Size Estimates: Used serviceable material 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: Used serviceable material market size by product type, provider type, aircraft type, and region in terms of value ($B).

Regional Analysis: Used serviceable material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, provider types, aircraft types, and regions for the used serviceable material market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the used serviceable material market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the used serviceable material market size?

Answer: The global used serviceable material market is expected to reach an estimated $8.6 billion by 2030.

Q2. What is the growth forecast for used serviceable material market?

Answer: The global used serviceable material market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the used serviceable material market?

Answer: The major drivers for this market are rising number of retired aircrafts, increasing emphasis on aviation safety and aircraft modernization programs, and growing demand for cost-effective solutions.

Q4. What are the major segments for used serviceable material market?

Answer: The future of the used serviceable material market looks promising with opportunities in the narrow body aircraft , wide body aircraft, and turboprop aircraft markets.

Q5. Who are the key used serviceable material market companies?

Answer: Some of the key used serviceable material companies are as follows.

• Delta TechOps
• Collins Aerospace
• General Electric
• Aviall
• TES Aviation

Q6. Which used serviceable material market segment will be the largest in future?

Answer: Lucintel forecasts that engine will remain the largest segment over the forecast period due to growing demand for wide-body engine part from engine MROs.

Q7. In used serviceable material market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing investments in the infrastructure of USMs for commercial as well as defence applications so as to improve operational accuracy and reduce risk factors.

Q8. 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 used serviceable material market by product type (engine, component, and airframe), provider type (original equipment manufacturer and non-original equipment manufacturer), aircraft type (narrow body aircraft, wide body aircraft, and turboprop aircraft), 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?