Commercial Aircraft Disassembly Dismantling and Recycling Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
The global commercial aircraft disassembly, dismantling,
and recycling market is set to gain momentum from the
increasing availability of recycled material at cheaper rates. Hence,
automotive manufacturers are aiming to use them for several systems and
components. This information is given by Fortune Business Insights™ in
a new report, titled, “Commercial Aircraft Disassembly, Dismantling,
and Recycling Market Size, Share & COVID-19 Impact Analysis, By Type
(Recycling, Component Management, Disassembly, and Dismantling Aircraft,
Storage Engine, and Teardown), By Application (Narrow Body Aircraft, Wide Body
Aircraft, and Regional Aircraft), and Regional Forecast, 2020-2027.”
The report further states that the market size was USD 4.57 billion in
2019 and is projected to reach USD 5.40 billion by 2027, exhibiting
a CAGR of 7.36% during the forecast period (2020-2027).
Drastic Aviation Budget Cuts Owing to COVID-19 will Hamper Growth
There will be drastic aviation budget cuts during the
post-COVID-19 phase from the aircraft owners and airlines in prominent
countries, such as Australia, China, Russia, Germany, France, the U.K., and the
U.S. Also, the demand for spare parts would reduce between 2020 to 2021.
Overall, the market will be severely affected. We are providing elaborate
reports consisting of significant factors that may affect growth. Our analysts
are conducting extensive research to help you find the best strategy for intensifying
sales.
List of Leading Companies Profiled in the Global Commercial
Aircraft Disassembly, Dismantling, and Recycling Market are:
- Aircraft
End-of-Life Solutions (AELS)
- BV (Delft, the
Netherlands)
- GA Telesis LLC
(Florida, the U.S.)
- AerSale Inc
(Florida, the U.S.)
- Tarmac Aerosave
(Tarbes, France)
- Bombardier Inc.
(Montreal, Canada)
- AJW Group
(Horsham, the U.K.)
- The Carlyle
Group (Washington D.C., the U.S.)
- China Aircraft
Leasing Group Holdings Limited (Hong Kong, China)
- AAR (Illinois,
the U.S.)
- Magellan
Aircraft Services Corp. (Charlotte, NC, the U.S.)
- Ascent Aviation
Services (Arizona, the U.S.)
- Air Salvage
International Ltd (Cirencester, the U.K)
- Other Players
Drivers & Restraints
Rising Demand for USMs from Maintenance, Repair, & Overhaul Providers
to Aid Growth
Nowadays, used serviceable materials (USMs) are experiencing high
demand worldwide owing to their ability to lower the maintenance cost of the
aircraft. USMs are taken out of retired aircraft and are installed in active
commercial aircraft. Several maintenances, repair, and overhaul (MRO) providers
are extensively using USMs owing to the rising number of aging aircraft. This
is a vital factor that is set to propel commercial aircraft disassembly,
dismantling, and recycling market growth. However, recycling companies often
tend to record every step present in the supply chain to collect data. This
process may lead to inconvenience and, in turn, would obstruct the demand for
commercial aircraft disassembly, dismantling, and recycling services.
This Report Answers the Following Questions:
- Which segment is
likely to dominate in terms of share?
- Which region is
set to lead by generating the largest revenue?
- What are the
significant strategies adopted by key players to compete?
- How would the outbreak
of the COVID-19 pandemic affect the market?
Segment
Narrow Body Aircraft Segment to Grow Rapidly Backed by
Cost-effective Operations
Based on type, the market is segregated into region aircraft,
wide-body aircraft, and narrow-body aircraft. Out of these, the narrow-body
aircraft is generated 64.0% in terms of commercial aircraft disassembly,
dismantling, and recycling market share in 2019 and would grow rapidly
throughout the forthcoming years. This would occur because of the rising demand
for such aircraft from various airlines owing to their ability to provide
cost-effective operations and high passenger-carrying capacity. Also,
increasing air traffic would contribute to growth.
Regional Analysis
North America to Remain at the Forefront Stoked by High Demand for
MRO
In 2019, North America held USD 1.97 billion in terms of revenue.
The region is anticipated to dominate in the near future on account of the
increasing demand for MRO for commercial aircraft and the presence of renowned
companies, especially in the U.S. Europe is likely to exhibit a significant
CAGR fueled by the increasing awareness about unique technology-based private
leasing facilities and recycling services. The Asia Pacific, on the other hand,
is set to showcase a healthy growth because of the major contribution of China.
Competitive Landscape
Key Players Aim to Gain Competitive Edge by Engaging in
Acquisitions
The commercial aircraft disassembly, dismantling, and recycling
market, service houses a large number of companies. Most of them are striving
to develop and design cost-effective and state-of-the-art disassembly,
dismantling, and recycling processes by conducting extensive research
activities. Some of the others are purchasing engines for teardown processes.
Browse Detailed Overview of This Research:
Below are the two latest industry developments:
August 2020: Baird Capital successfully acquired an
interest in eCube. It will help in supporting the growth of the U.K. business,
as well as its new facility situated in Spain. It will also surge the company’s
additional disassembly capacity and parking availability.
March 2020: AJW Group recently bought CFM56-5B4 engine for
teardown to broaden its engine management programs. The premium-quality engine
parts will be stored at the companies headquarter in the U.K. They will be
shipped worldwide for sale and exchange purpose to support its customers’
portfolio of A320 aircraft.
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