Industry Background:
The number of aircraft ‘For Sale’ can directly impact the sale price of the aircraft. Aircrafts need the parts as it remains in service for many years, and also due to the strict regulations, which needs to be maintained and repaired at several intervals and it requires a reliable supply chain of the aftermarket to prevent Aircraft on Ground (AOG) situations.This growth is primarily driven by Growth in the Number of Low-Cost carriers
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Aerospace & Defense sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Airbus SE (Netherlands), Bombardier Inc. (Canada), Dassault Aviation SA (France), BAE Systems (United Kingdom), General Dynamics Corporation (United States), The Boeing Company (United States), Cirrus Design Corporation (United States), Embraer S.A. (Brazil), Textron Inc. (United States) and Honda Aircraft Company (A Honda Motor Company) (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2022, Bombardier announced a firm order for the first European-based Challenger 3500 business jet for charter operations with Air Corporate SRL. Italy-based Air Corporate SRL will be the first European airline to offer the Challenger 3500 business jet for charter services, joining the company's fleet of aircraft.The players are focusing on the expansion of their businesses by planning innovative initiatives such as mergers and acquisitions, increased research and development activities, increased investment for outsourcing various processes and advanced product portfolio in order to sustain the competition in the global used aircraft market.
Regulatory Insights:
The purchase of an aircraft represents a major commitment that should be approached carefully and cautiously, especially when buying a used aircraft. Pre-purchase inspections should be performed by a Federal Aviation Administration (FAA) certificated airframe and powperplant mechanic (A&P) or an approved repair station.
Influencing Trend:
Increase in Wealth and Rapid Economic Growth in Various Geographic Regions such as the Asia Pacific and Africa
Market Growth Drivers:
Growth in the Number of Low-Cost carriers, High Cost of New Aircraft and Fleet Replacement Manufacturing and Increase in Number of Aircraft Globally
Challenges:
Strict Government Regulations
Restraints:
Lack of Availability of Good-Quality Used Aircraft
Opportunities:
Growing Fleet of Commercial Aircraft and Aging Military Aircraft Fleets, Increase in Number of Aircraft and Rising Demand for Air Travel in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Used Aircraft Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Used Aircraft Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Used Aircraft players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Used Aircraft Study Sheds Light on
The Used Aircraft Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Used Aircraft industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Used Aircraft industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.