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AAR Corp. and Boeing Company hold a significant market share of over 15% in the market. AAR Corp. leverages its global sourcing expertise to obtain high-quality, cost-effective used serviceable material from a varied network of vendors globally. The company uses effective distribution networks to ensure that USM items are delivered to airline consumers on schedule.
Boeing forms strategic partnerships and alliances with USM suppliers, aftermarket service providers, and MRO (Maintenance, Repair, and Overhaul) companies to enhance its USM offerings. These collaborations enable Boeing to broaden its product portfolio, improve supply chain efficiency, and better serve customers' needs.
Major players operating in the air transport USM industry are:
Market size for air transport USM was USD 7.9 billion in 2023 and is expected to register over 4.5% CAGR from 2024-2032 owing to the increasing demand for air travel across the globe and the growing number of airlines focusing on cost reduction.
Air transport USM industry from the OEM segment held over 60% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to airlines frequently relying on them for used components, given their skill in constructing and servicing certain aircraft models.
North America recorded over 38% share of the air transport USM industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a large and aging fleet of airplanes, creating a significant demand for cost-effective maintenance in the region.
A J Walter Aviation Limited, AAR Corp., AerSale Inc., AJ Walter Aviation Limited, Boeing Company, Delta TechOps, GA Telesis, LLC, General Electric, HEICO Corporation, Liebherr Group, and Satair are some of the major air transport USM companies worldwide.