Commercial Aircraft Disassembly Dismantling and by 2032

Commercial Aircraft Disassembly Dismantling and Recycling Market

The global commercial aircraft disassembly, dismantling and recycling market size was USD 6.74 billion in 2022. The market is anticipated to expand from USD 8.07 billion in 2023 to USD 14.72 billion by 2033, exhibiting a CAGR of 6.20% over the analysis period.

The process is deployed for the dismantling and removal of decommissioned aircraft and the reuse of their parts as scrap metal or spare parts. The market expansion is being driven by an increase in innovation in the field of materials recycling.

Fortune Business Insights™ provides this information in its research report, titled “Commercial Aircraft Disassembly, Dismantling and Recycling Market, 2023-2033”.

Informational Source:

https://www.fortunebusinessinsights.com/commercial-aircraft-disassembly-dismantling-and-recycling-market-103584

Report Coverage:

The report offers an insight into the key trends in the market. It further provides an account of the pivotal factors impelling industry expansion over the coming years. The report also underscores the vital strategies implemented by major market players for consolidating their market positions.

List of Ket Players Covered in the Report:

Aircraft End-of-Life Solutions (AELS) BV (Netherlands)

Air Salvage International Ltd (Gloucestershire)

Aerocycle (Canada)

CAVU Aerospace (Germany)

China Aircraft Leasing Group (China)

Ecube (U.K.)

Eirtrade Aviation (U.K.)

GA Telesis LLC (U.S.)

TARMAC Aerosave (France)

Vallair (U.K.)

Segmentation:

USM Segment Leads the Market Driven by Cost-effective Nature of Solutions

Based on application, the market for commercial aircraft disassembly, dismantling and recycling is fragmented into USM, recycling & storage, disassembly & dismantling, and rotable parts. The USM segment holds a dominating market share. This can be attributed to the cost-effective nature of the solutions for maintenance providers and airlines.

Narrow Bosy Segment Holds Dominating Share Owing to Growing Aircarft Component Demand

Based on aircraft type, the market for commercial aircraft disassembly, dismantling and recycling is subdivided into wide body, narrow body, and regional jet. The narrow body segment accounts for a major market share. Low-cost carriers exhibit an escalating demand for aircraft components, which is a vital factor driving segmental dominance as these aircraft are extensively deployed by low-cost carriers.

Based on geography, the market for commercial aircraft disassembly, dismantling and recycling is segmented into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Drivers and Restraints:

Market Value to Rise witg Increasing Reusable Capabilities of Aircraft Components and Circular Economy

The global commercial aircraft disassembly, dismantling and recycling market growth is being impelled by the adoption of circular economy model which helps in extending the lifecycle of an aircraft. Besides, the aircraft components undergo recycling which enables their repeated use, favoring industry expansion.

However, the use of composite materials creates challenges in recycling, affecting industry expansion.

Regional Insights:

North America LKed the Market Owing to Fleet Restirement in the Region

The North America market size was USD 2.58 billion in 2022. The regional commercial aircraft disassembly, dismantling and recycling market share held a dominating position in the market. The retirement of key fleet in the region is the prominent factor for this dominance.

Europe held the second-largest share in 2022. The region has the presence of pivotal players, which is a major factor boosting the regional expansion.

Competitive Landscape:

Ley Players Focus on Merger Agreement to Consolidate Market Share

Pivotal market players are centered on emerging markets and geographical expansion strategies to bolster their market share. Besides, these companies are entering merger agreements and focusing on acquisitions. Additional steps include an increase in technological advancements in commercial aircraft disassembly, dismantling and recycling solutions.

Key Industry Development:

April 2023 – The FAA rolled out a new program VARMA (Vintage Aircraft Replacement and Modification Article) for deploying off-the-shelf parts in type-certificated aircraft. VARMA deploys numerous existing policies that enable the creation of a program with requirements for no new orders, regulations, or advisory circulars.

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