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Visiongain Publishes Commercial Aircraft Disassembly, Dismantling & Recycling Market Report 2023-2033

24 August 2023
Aviation

Visiongain has published a new report entitled Commercial Aircraft Disassembly, Dismantling & Recycling Market Report 2023-2033: Forecasts by Materials Recycling and Recovery Services (Metal Material Recycling, Composite Material Recycling), by Disassembly and Dismantling Services (Aircraft Disassembly, End-of-Life Aircraft Decommissioning, Salvage and Recovery Operations), by Type (Widebody Jet, Narrow-body Jet, Regional Jet, Turboprop), by Business Type (Disassembly and Dismantling Services, Component Resale and Aftermarket Sales, Materials Recycling and Recovery Services, Aircraft Storage Services, Other), by Component Resale and Aftermarket Sales (Avionics Resale and Refurbishment, Landing Gear Resale and Refurbishment, Engine Resale and Overhaul Services, Interior Components Resale, Secondary Market Parts Sales, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global commercial aircraft disassembly, dismantling & recycling market was valued at US$4,509.3 million in 2022 and is projected to grow at a CAGR of 4.8% during the forecast period 2023-2033.

From Waste to Wealth: Meeting Industry's Hunger for Recycled Resources
Industries beyond aviation are increasingly relying on recycled materials to meet sustainability goals and reduce reliance on virgin resources. This growing demand for recycled metals, composites, and other materials is a significant driver of the commercial aircraft disassembly, dismantling, and recycling market. Dismantling and recycling aircraft yields a diverse range of materials suitable for various industrial applications, ranging from construction to automotive manufacturing. As industries seek eco-friendly alternatives, the aircraft recycling market has emerged as a reliable source of high-quality recycled materials, creating a mutually beneficial relationship between recycling companies and downstream industries.

How has COVID-19 had a significant negative impact on the Commercial Aircraft Disassembly, Dismantling & Recycling Market?
The COVID-19 pandemic has exerted a substantial and multifaceted negative impact on the commercial aircraft disassembly, dismantling & recycling market, disrupting various facets of its operations and growth prospects. Firstly, the pandemic's unprecedented reduction in air travel demand led to widespread fleet grounding and early retirements of aircraft by airlines. This resulted in an unexpected surge in the supply of end-of-life aircraft available for disassembly and recycling, creating a bottleneck in the market as the infrastructure and capacity to handle such a volume were strained.

Secondly, the pandemic-induced economic downturn led to financial constraints for airlines and operators, causing them to delay or cancel aircraft retirement plans. As a result, the pipeline of aircraft entering the dismantling and recycling stage was interrupted, leading to a reduced number of aircraft available for recycling activities. This imbalance in supply and demand disrupted the market's rhythm and challenged the revenue streams of companies specializing in aircraft recycling.

The COVID-19 pandemic significantly negatively impacted the commercial aircraft disassembly, dismantling & recycling market through disruptions in supply and demand dynamics, logistics challenges, reduced demand for recycled materials, deprioritization of recycling plans, and decreased investment. These combined effects highlighted the vulnerability of this relatively niche market to external shocks, emphasizing the need for adaptability and resilience in the face of unforeseen global crises.

How will this Report Benefit you?
Visiongain’s 398-page report provides 128 tables and 182 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global commercial aircraft disassembly, dismantling & recycling market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for commercial aircraft disassembly, dismantling & recycling. Get financial analysis of the overall market and different segments including materials recycling and recovery services, disassembly and dismantling services, component resale and aftermarket sales, type, business type and capture higher market share. We believe that there are strong opportunities in this fast-growing commercial aircraft disassembly, dismantling & recycling market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the Current Market Drivers?

Beyond Decommissioning: Unlocking Value through Component Reutilization
The potential for substantial economic returns from the reuse and resale of aircraft components is a significant driving factor in the commercial aircraft disassembly, dismantling, and recycling market. Many components from retired aircraft, such as avionics, engines, landing gear, and cabin interiors, retain significant value and can be refurbished and resold in secondary markets. This creates a strong incentive for dismantlers to carefully extract, refurbish, and sell these components, contributing to the circular economy by extending the lifecycle of aviation parts. As airlines and operators seek cost-effective solutions, the demand for high-quality, certified, and refurbished components continues to fuel the growth of the aircraft recycling industry.

Forging Alliances for Greener Skies: Collaborative Aviation Recycling
Collaborative partnerships between aircraft manufacturers, airlines, recycling companies, and regulatory bodies have emerged as a driving force behind the expansion of the commercial aircraft disassembly, dismantling, and recycling market. By pooling resources, expertise, and knowledge, these partnerships create a conducive environment for the development of innovative solutions and best practices in aircraft recycling. Joint initiatives enable the sharing of technical insights, research findings, and operational strategies, fostering a holistic approach to sustainable aircraft disposal. As the aviation industry embraces these collaborative efforts, the momentum towards responsible aircraft recycling continues to accelerate, shaping the future of the market.

Where are the Market Opportunities?

Innovating Beyond Disassembly: Advanced Methods for Recycling Aircraft
Innovations in aircraft dismantling techniques, such as robotics, automation, and precision cutting technologies, are reshaping the commercial aircraft recycling landscape. These advancements enable more efficient disassembly of complex aircraft structures and systems, resulting in reduced labour costs, enhanced safety, and higher recovery rates of valuable components and materials. Technologies like laser cutting and advanced robotics allow for the separation of materials with greater precision, minimizing waste and maximizing the potential for recycling. As the industry adopts these cutting-edge methods, the commercial aircraft recycling market stands to benefit from increased efficiency, improved resource recovery, and reduced environmental impact.

Spreading the Message: Advocacy and Education for Aircraft Recycling
Raising public awareness about the importance of responsible aircraft recycling presents an opportunity for companies in the market to shape public perception and garner support. Educational campaigns, workshops, and partnerships with environmental organizations can highlight the environmental benefits of recycling and the role it plays in reducing the aviation industry's carbon footprint. By engaging with the public and promoting sustainable aviation practices, companies can contribute to a broader societal shift toward valuing and demanding environmentally responsible solutions in the aviation sector.

Competitive Landscape
The major players operating in the commercial aircraft disassembly, dismantling & recycling market are Ascent Aviation Services, A J Walter Aviation Ltd., AAR CORP., AerCap Holdings N.V., AerSale, Inc., Air Salvage International Ltd., Aircraft End-of-Life Solutions AELS, Bombardier Inc., Carlyle Aviation Partners, CAVU Aerospace Inc., China Aircraft Leasing Group Holdings Ltd, GA Telesis, LLC, HVF West LLC, KLM UK Engineering Ltd., Magellan Aviation Group LLLP, . These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments
• 20 June 2023, Ascent Aviation Services opened a new aircraft disassembly and dismantling facility in Arizona. This facility will help to meet the growing demand for aircraft recycling services in the United States.
• 20 April 2023, AAR acquired the assets of Aircraft End-of-Life Solutions (AELS), a leading provider of aircraft disassembly and recycling services in Europe. The acquisition expands AAR's global footprint in the aircraft recycling market, and it gives the company access to AELS's expertise in composite recycling.
• 08 April 2023, A J Walter Aviation Limited has launch a new service for the recycling of commercial aircraft engines. The service will recycle all major components of the engine, including the fan, compressor, turbine, and combustor.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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