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 theincreasing availability of recycled material at cheaper rates. Hence,automotive manufacturers are aiming to use them for several systems andcomponents. This information is given by Fortune Business Insights™ ina 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 BodyAircraft, and Regional Aircraft), and Regional Forecast, 2020-2027.”The report further states that the market size was USD 4.57 billion in2019 and is projected to reach USD 5.40 billion by 2027, exhibitinga 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 thepost-COVID-19 phase from the aircraft owners and airlines in prominentcountries, such as Australia, China, Russia, Germany, France, the U.K., and theU.S. Also, the demand for spare parts would reduce between 2020 to 2021.Overall, the market will be severely affected. We are providing elaboratereports consisting of significant factors that may affect growth. Our analystsare conducting extensive research to help you find the best strategy for intensifyingsales.
List of Leading Companies Profiled in the Global CommercialAircraft 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 Providersto Aid Growth
Nowadays, used serviceable materials (USMs) are experiencing highdemand worldwide owing to their ability to lower the maintenance cost of theaircraft. USMs are taken out of retired aircraft and are installed in activecommercial aircraft. Several maintenances, repair, and overhaul (MRO) providersare extensively using USMs owing to the rising number of aging aircraft. Thisis a vital factor that is set to propel commercial aircraft disassembly,dismantling, and recycling market growth. However, recycling companies oftentend to record every step present in the supply chain to collect data. Thisprocess may lead to inconvenience and, in turn, would obstruct the demand forcommercial 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 byCost-effective Operations
Based on type, the market is segregated into region aircraft,wide-body aircraft, and narrow-body aircraft. Out of these, the narrow-bodyaircraft is generated 64.0% in terms of commercial aircraft disassembly,dismantling, and recycling market share in 2019 and would grow rapidlythroughout the forthcoming years. This would occur because of the rising demandfor such aircraft from various airlines owing to their ability to providecost-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 forMRO
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 theincreasing demand for MRO for commercial aircraft and the presence of renownedcompanies, especially in the U.S. Europe is likely to exhibit a significantCAGR fueled by the increasing awareness about unique technology-based privateleasing 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 inAcquisitions
The commercial aircraft disassembly, dismantling, and recyclingmarket, service houses a large number of companies. Most of them are strivingto develop and design cost-effective and state-of-the-art disassembly,dismantling, and recycling processes by conducting extensive researchactivities. 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 aninterest 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’sadditional disassembly capacity and parking availability.
March 2020: AJW Group recently bought CFM56-5B4 engine forteardown to broaden its engine management programs. The premium-quality engineparts will be stored at the companies headquarter in the U.K. They will beshipped worldwide for sale and exchange purpose to support its customers’portfolio of A320 aircraft.
About Us:
Fortune Business Insights™ delivers accurate data and innovativecorporate analysis, helping organizations of all sizes make appropriatedecisions. We tailor novel solutions for our clients, assisting them to addressvarious challenges distinct to their businesses. Our aim is to empower themwith holistic market intelligence, providing a granular overview of the marketthey are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
