Commercial Aircraft Disassembly Dismantling And Recycling Market
PUBLISHED: 2023 ID: SMRC23037
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Commercial Aircraft Disassembly, Dismantling And Recycling Market Forecasts to 2028 - Global Analysis By Type (Regional Aircraft, Narrow Body Aircraft and Wide Body Aircraft), Application (Disassembly and Dismantling, Recycling, Engine Teardown and Component Management) and By Geography

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4.2 (17 reviews)
Published: 2023 ID: SMRC23037

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $6.74 BN

Projected Year Value (2028)

US $11.81 BN

CAGR (2022 - 2028)

9.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Europe


According to Stratistics MRC, the Global Commercial Aircraft Disassembly, Dismantling and Recycling Market is accounted for $6.74 billion in 2022 and is expected to reach $11.81 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Aircraft recycling comprises scrapping and dismantling old aircraft, and approximately 450 aircraft are scrapped and disassembled each year around the world. With a large number of airframes permanently out of service, a number of facilities have been constructed to recycle components and disassemble existing aeroplanes in a sustainable manner. Flight controls, engines, and doors, among other costly items, can all be refurbished and resold for use on modern aircraft. When all usable parts have been recovered, the wings and fuselage are crushed for recycling.

According to a report by IATA, the airline industry witnessed nearly 60% decline in passenger travel compared to previous year.



Market Dynamics:

Driver:

Rising number of retired commercial aircraft


Aircraft disassembly, dismantling, and recycling make use of various valuable components such as USM or rotable parts and airframe structure material, which can be repurposed for future use. Systematic disassembly, smart shredding, and various cutting procedures all help to ease the breakdown process. Narrow body aircraft account for about half of the retiring fleet, whereas wide body aircraft account for approximately 28%. As a result, the increasing quantity of retired aircraft and improved scrapping processes will propel market expansion in the near future.

Restraint:

Hazardous materials utilized in aircraft


Asbestos, radioactive elements in emergency signals or smoke detectors, bromo-tri-fluoro-methane in fire extinguishers, and other potentially hazardous compounds can be found in aircraft. Due of its durability and fire resistance, asbestos is used in several older aircraft parts such as adhesives, engine mounts, valves, brake pads, and gaskets. Asbestos emissions during aircraft breakdown or recycling can cause lung cancer. Frequent exposure to gas held in fire extinguishers can result in a variety of skin illnesses, headaches, irregular heartbeats, and other complications. Smoke detectors contain trace levels of americium, a synthetic radioactive element that can be hazardous to technicians and operators.

Opportunity:

Technological developments in remanufacturing process


Remanufacturing is the process of developing a used product to meet the performance criteria originally established by OEMs and delivering the final product with a warranty that is at least equivalent to newly manufactured components. Remanufacturing is a sustainable method of making parts/components at a cheaper cost. Inspection, comparison, reprocessing, and testing are all parts of the remanufacturing process. Technological breakthroughs in additive manufacturing have shown to be a cost-effective and energy-efficient method of remanufacturing.

Threat:

Challenges in recycling aircraft


Carbon fibre is used as a composite material to make aeroplanes lighter and more fuel efficient. However, it is difficult to recycle carbon fibre. Some of the most expensive alloys, such as nickel and cobalt, which are also utilised in aviation engines, require very specialised recycling facilities. This will eventually increase the cost of recycling. Another significant challenge is the transporting of decommissioned aircraft to the recycling site. Due to a lack of recycling facilities, if an aircraft is deemed unsafe for flight, it will be scrapped or rust at the airport.

Covid-19 Impact

The COVID-19 pandemic in 2020 expanded fast over various regions. As a result, several commercial aircraft disassembling, dismantling, and recycling plants were shuttered, which hampered regional market growth in 2020 due to a scarcity of raw materials and pricing volatility. However, the region has seen a decrease in the number of COVID-19 cases, which has resulted in the gradual resumption of operations in manufacturing facilities. As a result, the market is predicted to improve during the projection period.

The wide body aircraft segment is expected to be the largest during the forecast period

The wide body aircraft segment is estimated to have a lucrative growth. A wide-body aircraft, commonly known as a twin-aisle aircraft, is a commercial airliner with a fuselage that is large enough to carry two passenger aisles with seven or more seats abreast. This segment is expected to grow at a high rate due to increased demand for dismantling and recycling services for wide body and jumbo aircraft. Wide-body aircraft are also utilised for commercial freight and cargo transport, as well as other particular purposes. For example, shortly after the COVID-19 epidemic, British Airways, the world's largest operator of Boeing 747s, grounded its entire fleet of jumbo jets in 2021.

The engine teardown segment is expected to have the highest CAGR during the forecast period

The engine teardown segment is anticipated to witness the highest CAGR growth during the forecast period owing to increasing focus of major aircraft manufacturers to reduce expenses and operational costs. The disassembly and removal of aircraft parts for disposal or recycling is known as an engine teardown. Teardowns were once thought to be simply a technique to end an aircraft's operational life. However, recent times have shown a trend in teardowns becoming an essential, value-driven process.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to a high number of retiring aircraft fleets and a well-established USM market. Furthermore, the region has a well-developed infrastructure for commercial aircraft disassembly, dismantling, and recycling. Furthermore, the growing number of contemporary fleets has resulted in the early retirement of mid-generation conventional aircraft, which will aid market expansion.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. The existence of a large number of aircraft lessors in the region is credited with the market's rapid expansion. Furthermore, the country is home to some important market players, such as Aircraft End of Life Solutions and Air Salvage International, which will aid in the regional industry's expansion.



Key players in the market

Some of the key players profiled in the Commercial Aircraft Disassembly, Dismantling and Recycling Market include China Aircraft Leasing Group Holdings Limited, The Carlyle Group, Air Salvage International Ltd., Magellan Aircraft Services Corp., Tarmac Aerosave, Aircraft End-of-Life Solutions, Bombardier, Inc., AJW Group, Vallair, Ecube, CAVU Aerospace, Eirtrade Aviation and GA Telesis LLC.

Key Developments:

In October 2022, Tarmac Aerosave announced that it has begun dismantling its first Airbus A380 at Teruel, Spain site. The aircraft is the seventh to be scrapped by the company, with six having been scrapped in Tarbes, France.

In March 2022, EirTrade Aviation, the mature technical management and asset trading company, has expanded its dismantling capabilities to include engine dismantling. The capacity available at EirTrade's Dublin site will complement existing aircraft dismantling activities based at the company's AFRA-accredited site in Knock, Western Ireland.

In April 2020, CAVU Aerospace received EASA 145 certificate for their 80,000 sq. ft. facility at Arizona. With this, CAVU aimed to enhance aftermarket services across multiple platforms.

Types Covered:
• Regional Aircraft
• Narrow Body Aircraft
• Wide Body Aircraft

Applications Covered:
• Disassembly and Dismantling
• Recycling
• Engine Teardown
• Component Management

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Type
5.1 Introduction
5.2 Regional Aircraft
5.3 Narrow Body Aircraft
5.4 WideBody Aircraft

6 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Application
6.1 Introduction
6.2 Disassembly and Dismantling
6.3 Recycling
6.4 Engine Teardown
6.5 Component Management

7 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 China Aircraft Leasing Group Holdings Limited
9.2 The Carlyle Group
9.3 Air Salvage International Ltd.
9.4 Magellan Aircraft Services Corp.
9.5 Tarmac Aerosave
9.6 Aircraft End-of-Life Solutions
9.7 Bombardier, Inc.
9.8 AJW Group
9.9 Vallair
9.10 Ecube
9.11 CAVU Aerospace
9.12 Eirtrade Aviation
9.13 GA Telesis LLC

List of Tables
1 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Region (2020-2028) ($MN)
2 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
3 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
4 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
5 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
6 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
7 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
8 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
9 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
10 Global Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
11 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Country (2020-2028) ($MN)
12 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
13 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
14 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
15 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
16 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
17 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
18 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
19 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
20 North America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
21 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Country (2020-2028) ($MN)
22 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
23 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
24 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
25 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
26 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
27 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
28 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
29 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
30 Europe Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
31 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Country (2020-2028) ($MN)
32 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
33 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
34 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
35 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
36 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
37 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
38 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
39 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
40 Asia Pacific Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
41 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Country (2020-2028) ($MN)
42 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
43 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
44 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
45 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
46 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
47 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
48 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
49 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
50 South America Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
51 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Country (2020-2028) ($MN)
52 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Type (2020-2028) ($MN)
53 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Regional Aircraft (2020-2028) ($MN)
54 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
55 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By WideBody Aircraft (2020-2028) ($MN)
56 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Application (2020-2028) ($MN)
57 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Disassembly and Dismantling (2020-2028) ($MN)
58 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Recycling (2020-2028) ($MN)
59 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Engine Teardown (2020-2028) ($MN)
60 Middle East & Africa Commercial Aircraft Disassembly, Dismantling And Recycling Market Outlook, By Component Management (2020-2028) ($MN)
 

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