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Commercial Aircraft Disassembly, Dismantling, and Recycling Market to Reach $5.40 Bn by 2027; Rising Technological Advancements in Automation Industry to Aid Growth

September 09, 2020 | Aerospace & Defense

The global commercial aircraft disassembly, dismantling, and recycling market size is projected to reach USD 5.40 billion by 2027. The increasing technological advancements in the automotive industry are resulting in the usage of carbon fibers for manufacturing automotive components. This information is given by Fortune Business Insights™ in a new study, 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 study further mentions that the market stood at USD 4.57 billion in 2019. But, it is set to exhibit a CAGR of 7.36% during the forecast period between 2020 to 2027.


AJW Group Purchases CFM56-5B4 Engine for Teardown


In March 2020, AJW Group, a specialist in the lease, repair, exchange, and supply of airframe and engine spare parts headquartered in Sussex purchased CFM56-5B4 engine for teardown。 This would support its engine management programs。 The new engine parts will now be kept at the companies headquarter and from there, they will be sent to its international hubs for sale and exchange。 The company’s engine services provide support and expertise across Shop Visit Management, Technical Documentation Management, Engine Parts Support, Engine Sale and Lease, Material Recovery Programs, and Fan Blade Exchange Programs。 The engines would be sold to those customers with portfolios of A320 family aircraft。


To get a detailed report summary and research scope of this market, click here:


http://www.nut59.com/commercial-aircraft-disassembly-dismantling-and-recycling-market-103584


Increasing Restrictions on Import of Aging Aircraft to Bolster Growth


Aircraft aging includes three major aspects, namely, safety, maintenance, and fatigue of the aircraft. The rate at which an individual aircraft ages is highly dependent on several factors, such as replacement of components and aircraft fleet. The Indonesian Ministry of Transportation (MOT) declared a complete ban in 2016 on the import of commercial passenger aircraft that are ten years old and above. Such restrictions would augment the commercial aircraft disassembly, dismantling, and recycling market growth as more traditional aircraft would be used for recycling.


Development of Advanced Software & Hardware Solutions — Key Strategy of OEMs


The market for commercial aircraft disassembly, dismantling, and recycling consists of multiple large, medium, and small-scale companies operating worldwide. Most of them are either purchasing new engine parts or are engaging in the merger and acquisition strategy with other start-ups. Several original equipment manufacturers (OEMs) are also trying to develop advanced hardware and software solutions to deliver efficient processes.


Fortune Business Insights™ lists out the names of all the reputed commercial aircraft disassembly, dismantling, and recycling service providers present in the market. They are as follows:



  • 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


A Notable Industry Development-



  • June 2019: AerSale, an aircraft engineering company based in Florida successfully acquired Qwest Air Parts, Inc., a distributor of aircraft parts headquartered in Tennessee. This new acquisition would help AerSale to strengthen its used serviceable material (USM) offerings.


Further Report Findings-



  • North America procured USD 1.97 billion in 2019 in terms of revenue and would dominate in the coming years because of the presence of required infrastructure facilities and favorable government policies in Canada and the U.S.

  • Europe is expected to exhibit a significant CAGR in the coming years owing to the increasing awareness about the availability of state-of-the-art technology-based leasing facilities and private recycling services.

  • The narrow body aircraft segment based on type held 64.0% in terms of commercial aircraft disassembly, dismantling, and recycling market in 2019. This growth is attributable to the rising preference of airlines for narrow body aircraft as they provide cost-effective operations and can carry more passengers.


The market for commercial aircraft disassembly, dismantling, and recycling can be segmented in the following way:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By Segmentation



By Application



  • Recycling

  • Component Management

  • Disassembly and Dismantling Aircraft

  • Storage Engine

  • Teardown



By Type



  • Narrow Body Aircraft

  • Wide-Body Aircraft

  • Regional Aircraft



By Geography



  • North America

    • The U.S.

      • By Type



    • Canada

      • By Type



    • Mexico

      • By Type





  • Europe

    • Germany

      • By Type



    • The U.K

      • By Type



    • France

      • By Type



    • Italy

      • By Type



    • Spain

      • By Type



    • Russia

      • By Type



    • Rest of Europe

      • By Type





  • Asia-Pacific

    • China

      • By Type



    • Japan

      • By Type



    • South Korea

      • By Type



    • Australia

      • By Type



    • India

      • By Type



    • Southeast Asia

      • By Type



    • Rest of Asia-Pacific

      • By Type





  • The Middle East and Africa

    • Saudi Arabia

      • By Type



    • The UAE

      • By Type



    • Egypt

      • By Type



    • Nigeria

      • By Type



    • South Africa

      • By Type



    • Rest of the Middle East and Africa

      • By Type





  • South America

    • Brazil

      • By Type



    • Argentina

      • By Type



    • Columbia

      • By Type



    • Chile

      • By Type



    •  Rest of South America

      • By Type






Global Commercial Aircraft Disassembly Dismantling and Recycling Market
  • PDF
  • 2019
  • 2016-2018
  • 154

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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