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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 4.7%
Industry Definition and Major Segments
The recovery of high residual value from recycled materials in commercial aircraft, such as carbon fibres and other materials, can help to reduce environmental risks while also propelling the industry forward. A few commercial aircraft disassembly, dismantling, and recycling companies are focusing on developing innovations in carbon fibre recycling, which is one of the most difficult structural components to recycle in an aircraft, and this development is expected to help the industry grow even more.
The commercial aircraft disassembly, dismantling, and recycling market can be divided based on segments like services.
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Based on services:
• Component Management
• Disassembly and Dismantling
• Aircraft Storage
• Engine Teardown
Breakup by Region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Many companies specialise in disassembling and dismantling planes in order to auction or sell aircraft parts. Because major airline companies are increasingly focusing on using second-hand aircraft parts to cut costs, global demand for spare parts or components of aircraft has increased significantly. With the significant expansion of the global aircraft fleet, it is expected that demand for used spare parts will rise, assisting the industry's growth over the forecast period. To cut costs, many airlines have been focusing on purchasing a complete aircraft for dismantling.
Key Market Players
The major players within the market are TARMAC Aerosave, AAR Corp. [NYSE: AIR], China Aircraft Leasing Group Holdings Ltd., Air Salvage International Ltd., AerSale, Inc. and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
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