Albany, NY -- (SBWIRE) -- 04/06/2019 -- Increasing fuel prices and dwindling air ticket fares in the face of brimming demand for air transport facilities has driven airline companies towards adoption of Used Serviceable Material (USM). To tackle expenditure challenges, airline companies across the globe are opting for air transport USMs. This has enabled them in coping with the increasing costs of MROs and rising inclination of consumers towards air travel as a sought-after mode of transport.

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Transparency Market Research projects that airlines will be compelled to adopt air transport USMs in order to save costs to survive in a volatile marketplace. According to its study, the global market for air transport USM is poised to expand at a steady CAGR of 5.1% during 2017-2026. The study further projects that by the end of 2026, over US$ 7 Bn worth of air transport USMs will be sold globally.

Manufacturing an aircraft remains a complex process, and airline companies are compelled to spend millions of dollars on keeping an aircraft in working conditions. Airliners are expected to wait for years before reaping profits from air travel fares. Owing to such scenario, buying new engines and components in refurbishing of existing or new aircrafts becomes financially impractical. Air transport USMs are relatively affordable and technically feasible for being installed in different aircrafts.

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Industrial regulations across the globe prohibit the dumping of used aircraft components as they are valuable commodities in the aerospace industry. These components can be serviced and reused to keep an airline company up and running. As a result, old aircrafts are being dismantled to create a range of USMs that be repurposed in the global air transport sector. Cost savings remains the most influential driver for the growth of the global air transport USM market.