Aircraft decommissioning is a multidisciplinary process that includes various aspects of the aircraft's safety, operational, legal, environmental, and economic aspects. It is completed after the aircraft has completed its service life. The dismantling and disassembling of the engine, as well as the teardown and recycling of useful parts and components, are all part of the process. The recycling process also aids in the recovery of residual value from recycled aircraft materials including carbon fibers. Technological advances in the automotive industry have aided the use of carbon fibers for automotive parts.
MARKET SCOPE
The "Global Commercial Aircraft Disassembly, Dismantling and Recycling Market Analysis to 2028" is a specialized and in-depth study of the commercial aircraft disassembly, dismantling and recycling market with a special focus on the global market trend analysis. The report aims to provide an overview of commercial aircraft disassembly, dismantling and recycling market with detailed market segmentation by type and application. The global commercial aircraft disassembly, dismantling and recycling market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial aircraft disassembly, dismantling and recycling market player and offers key trends and opportunities in the commercial aircraft disassembly, dismantling and recycling market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented as recycling, aircraft storage, component management, engine teardown, and disassembly and dismantling.
- On the basis of application, the market is segmented as narrow body aircraft, wide body aircraft, and regional aircraft.
MARKET DYNAMICS
Drivers:
- The rising popularity and demand for used serviceable materials that are directly replaced in operational aircrafts and help to reduce aircraft maintenance costs.
- Increased demand for aircraft disassembly, recycling schemes, and dismantling engine teardown of commercial aircrafts.
Restraints:
- An increase in the use of counterfeit parts in commercial aircraft, and the financial and environmental consequences of aircraft decommissioning.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Commercial Aircraft Disassembly Dismantling and Recycling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Commercial Aircraft Disassembly Dismantling and Recycling market.
IMPACT OF COVID-19 ON COMMERCIAL AIRCRAFT DISASSEMBLY DISMANTLING AND RECYCLING MARKET
Multiple issues have arisen as a result of the COVID-19 outbreak for the aerospace industry. Although the industry was not badly impacted, it still faced numerous economic challenges following the COVID-19 epidemic. Since the beginning of the outbreak, the aerospace industry has been hit globally, resulting in a considerable drop in demand for aircraft spare parts. Airlines and aircraft owners in key nations such as the United States, the United Kingdom, France, Germany, Russia, China, and Australia are anticipated to reduce their aviation budgets dramatically during the COVID-19 pandemic's post-impact phase. Many airlines & maintenance, repair, and overhaul facility providers will reduce their aircraft fleet size & inventory. The number of retired airplanes will rise as a result, while the need for replacement parts will rise in 2021. Thus, the increasing number of retired aircraft due to COVID-19 and the high demand for MRO services are the major factors that would drive the commercial aircraft disassembly dismantling and recycling market growth during the forecast period (2021
-2028). For instance, in August 2020, The Boeing Company received the 2020 Sustainability Leadership Award from the National Association of Manufacturers. This award indicates the company has put innovative efforts into recycling aircraft carbon fiber and developing waste management systems. Further, in March 2020, AJW Group purchased a CFM56-5B4 engine for teardown to support the expansion of the engine management programs. This contract will strengthen its engine teardown segment in the upcoming years. This would result in significant growth of the commercial aircraft disassembly dismantling and recycling market around the world during the forecasted period (2021-2028).
MARKET PLAYERS
The report covers key developments in the Commercial Aircraft Disassembly Dismantling and Recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Commercial Aircraft Disassembly Dismantling and Recycling market are anticipated to lucrative growth opportunities in the future with the rising demand for Commercial Aircraft Disassembly Dismantling and Recycling in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Commercial Aircraft Disassembly Dismantling and Recycling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aircraft End-of-Life Solutions (AELS) BV
- GA Telesis LLC
- AerSale, Inc.
- Tarmac Aerosave
- Bombardier Inc.
- AJW Group
- China Aircraft Leasing Group Holdings Limited
- AAR CORP.
- MAGELLAN AIRCRAFT SERVICES LLLP
- Air Salvage International