The global commercial aircraft disassembly, dismantling, and recycling market witnessed robust growth in 2020 and is projected to continue expanding at a double-digit revenue compound annual growth rate (CAGR) over the forecast period. The market’s strong performance is driven by several key factors.
Firstly, there is a growing demand for used serviceable materials (USM) in the aviation industry. Operators prefer USM to replace components in operational aircraft, as it offers a cost-effective alternative to expensive repairs. This increasing demand for USM significantly contributes to the market’s revenue growth.
Secondly, there is a rising focus on the use of recycled materials in the manufacturing of aircraft components and systems. The industry recognizes the importance of sustainability and environmental responsibility, leading to a greater emphasis on incorporating recycled materials. This focus drives market growth by promoting the use of environmentally friendly materials in the aviation sector.
Additionally, the availability of more cost-efficient recycled materials further supports market expansion. Advancements in recycling technologies and processes have made it easier and more economical to obtain recycled materials for aircraft manufacturing. The cost savings achieved through the use of these recycled materials contribute to the market’s revenue growth.
Furthermore, the market is fueled by the increasing demand for spare aircraft components to reduce expenses. As operators seek to optimize maintenance costs, the availability of disassembled and recycled components becomes crucial. These spare parts can be sourced from aircraft disassembly and recycling processes, helping operators minimize expenses while maintaining their fleets.
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- Cost Reduction: Aircraft operators, especially those with retired or aging fleets, prefer using USM to replace components in operational aircraft. This helps them avoid costly repairs that may not be economically viable for fleets nearing retirement. By utilizing USM, operators can significantly reduce their maintenance expenses.
- Sustainability: Efficient management of the end life of aircraft is crucial for sustainable aviation. The aviation industry is increasingly focusing on methods of dismantling aircraft that maximize reuse and recycling. By incorporating USM into their operations, aircraft operators contribute to reducing waste and promoting environmental sustainability.
- Aircraft Disassembly: The market growth is supported by the emphasis on aircraft disassembly processes. When aircraft reach the end of their operational life, they undergo disassembly, which involves the careful removal and cataloging of various components and parts. USM obtained from these disassembled aircraft can be reused or sold to other operators, generating revenue and reducing the need for new manufacturing.
- Engine Teardown: Alongside aircraft disassembly, engine teardown is another important aspect contributing to the USM market growth. Engines from retired aircraft can be dismantled and inspected for reusable components, which can be supplied to operators for replacements or overhauls. Engine teardown and subsequent reuse of components help reduce costs and support sustainable practices.
- Revenue Growth: The increasing demand for USM and the emphasis on sustainable aviation practices are expected to drive revenue growth in the market. As more aircraft reach retirement age and fleets require replacement parts, the market for USM will expand. Additionally, the recycling and reuse of components provide opportunities for businesses involved in aircraft disassembly, engine teardown, and the distribution of used serviceable materials.
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Major Regions Highlighted in the Global Commercial Aircraft Disassembly, Dismantling, and Recycling Market Report:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
Top Companies Profiled in the Report:
Tarmac Aerosave, AerSale Inc., Aircraft End-of-Life Solutions, Bombardier, Inc., AJW Group, The Carlyle Group, China Aircraft Leasing Group Holdings Limited, AAR, Magellan Aircraft Services Corp., and Air Salvage International Ltd.
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