Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Size By Type (Narrow Body Aircraft, Wide Body Aircraft), By Application (Recycling, Component Management), By Geographic Scope And Forecast

Commercial Aircraft Disassembly, Dismantling And Recycling Market Size And Forecast

Commercial Aircraft Disassembly, Dismantling And Recycling Market size was valued at USD 5.3 Billion in 2022 and is projected to reach USD 8.9 Billion by 2030, growing at a CAGR of 6.4% from 2023 to 2030.

What's making the Commercial Aircraft Disassembly, Dismantling and Recycling Market tick? Well, for starters, everyone wants used, but still working, parts, and there's a big push to use recycled materials when building new airplane stuff. Plus, recycled parts are getting cheaper, which is a win-win! On top of that, airlines are looking for any way to save money on spare parts, and there's growing concern about safely getting rid of the parts we can't recycle. If you want to dive deeper, The Global Commercial Aircraft Disassembly, Dismantling And Recycling Market report gives you the full picture. It breaks down all the important parts, what's hot, what's not, who's competing, and what's really making things happen in the market.

Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Definition

Aircraft recycling entails scrapping and dismantling old aircraft, and roughly 450 aircraft are scrapped and dismantled each year across the world. With a substantial number of airframes permanently out of service, various facilities have been built to recycle components and deconstruct existing aircraft in a sustainable manner. Flight controls, engines, and doors, among other valuable equipment, can be restored and resold for use on current aircraft. When all useable pieces have been recovered, the wings and fuselage are crushed for recycling.

Used aeroplane components might be a strategic answer to a critical demand in addition to lowering maintenance expenses. Used materials are in high demand for both components and spares. Used serviceable materials are particularly advantageous for replacing components, maintenance, and overhaul, and they serve as an expedient option to decrease unexpected downtime in circumstances when new material is not easily accessible. It also facilitates the storage of materials from the same kind of aircraft for future repair.

Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Overview

Okay, so what's making the market bigger? Well, for starters, there's a bigger demand for Used Serviceable Materials (USM) – basically, used aircraft parts that still work. Airlines are using these to fix up planes instead of buying brand new, expensive stuff, which helps keep maintenance costs down. Think of it as a smart way to save money, especially for older planes that are nearing the end of their lifespan. These USM parts are often preferred over costly repairs that don't make economic sense for fleets about to retire. Plus, there's a big push towards dismantling planes in a way that lets us reuse and recycle as much as possible. After all, figuring out how to deal with planes at the end of their life is super important for the aviation industry's long-term future. This focus on carefully taking apart planes, engines, and recycling everything we can is likely to really boost market growth going forward.

Think of the Aircraft Fleet Recycling Association as a club made up of the big names in planes and engines. They're all about keeping aircraft in the air, fixing them up, storing them safely, and when the time comes, carefully taking them apart and recycling what they can. With more and more older planes being retired, there's a huge and growing need for Maintenance, Repair, and Overhaul (MRO) services globally. That's good news for the industry! However, things aren't entirely smooth sailing. Worry about getting the wrong alloys mixed up and improperly dumping waste could slow things down. Plus, the rise of fake parts in planes, along with the tricky and costly job of taking old aircraft apart responsibly, could also put a damper on growth.

Global Commercial Aircraft Disassembly, Dismantling And Recycling MarketSegmentation Analysis

The Global Commercial Aircraft Disassembly, Dismantling And Recycling Market is segmented on the basis of Type, Application, and Geography.

Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Type

• Narrow Body Aircraft
• Wide body Aircraft
• Regional Aircraft

Based on Type, the market is segmented into Narrow Body Aircraft, Wide Body Aircraft, and Regional Aircraft. Due to the high passenger carrying capacity, cost-effective and ecologically friendly operations, and rapidly expanding global air traffic volumes, narrow body aircraft are predicted to post a solid revenue CAGR throughout the projection period.

Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Application

• Recycling
• Component Management
• Disassembly and Dismantling
• Engine Teardown

Based on Application, the market is segmented into Recycling, Component Management, Disassembly and Dismantling, and Engine Teardown. Throughout the forecast period, the component management sector is likely to account for a considerable revenue share in the worldwide market. Growth may be ascribed to increased attention and demand for aviation MRO, as well as the expansion of the aftermarket business. The engine disassembly industry is likely to have significant revenue growth as major aircraft manufacturers work on reducing expenses and operational costs.

Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Commercial Aircraft Disassembly, Dismantling And Recycling Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is predicted to account for the largest revenue share throughout the projection period, owing to the region’s strong presence of key manufacturers, rising demand for commercial aircraft MRO in the United States, and a growing number of used serviceable materials programs.

Furthermore, favorable government rules, a growing emphasis on sustainable dismantling and disassembly by major aircraft manufacturers, and the availability of cutting-edge infrastructure and storage facilities for the retried fleets are factors driving revenue development in the North American industry. Asia Pacific is predicted to have a strong revenue CAGR due to increased air traffic and travel, rising investment in aircraft MRO, and a growing emphasis in the area of recycling and reusing spare components and systems.

Key Players

The “Global Commercial Aircraft Disassembly, Dismantling And Recycling Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Magellan Aircraft Services Corp., Tarmac Aerosave, Bombardier, Inc., AerSale Inc., The Carlyle Group, Aircraft End-of-Life Solutions, AJW Group, China Aircraft Leasing Group Holdings Limited, AAR, Air Salvage International Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2020, Initial Aviation and Aerocycle, Inc. established a partnership in which Initial Aviation would be responsible for the global commercial distribution of spare parts gained through Aerocycle’s dismantling efforts.
• In June 2019, Selangor and Airbus have struck strategic cooperation to establish the region’s first airplane recycling facility. In the region, the companies hope to establish an aeroplane disassembly factory and recycling know-how technology.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Commercial Aircraft Disassembly, Dismantling And Recycling Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Commercial Aircraft Disassembly, Dismantling And Recycling Market gauge the attractiveness of a certain sector, and assess investment possibilities.

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