The Commercial Aircraft Disassembly, Dismantling, And Recycling Market is being driven by Increase in aircraft retirements
The Commercial Aircraft Disassembly, Dismantling, And Recycling Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 991.8 million. In the commercial aircraft sector, there is a growing trend towards expanding recycling and dismantling capabilities through new facilities. For instance, AAR Corp. extended its MRO facility in Oklahoma City, and AerSale Inc. opened a new heavy MRO plant in Millington, Tennessee. These developments enable companies to broaden their geographic reach and enhance the accessibility of essential recycling and dismantling services. With the aviation industry's increasing emphasis on sustainability and cost efficiency, the recycling of aircraft components from retired planes has gained significant traction. Consequently, there is a heightened focus on incorporating advanced materials that can prolong engine durability and service life while ensuring optimal performance.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
206 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2025-2029 |
USD 991.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.2 |
Key countries |
US, Indonesia, Russia, Canada, UK, Germany, France, Brazil, Japan, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The commercial aircraft disassembly, dismantling, and recycling market encompasses the process of repurposing retired aircraft through various sustainable techniques. Aircraft recycling centers focus on extracting valuable metal alloys and composite materials from fuselage sections and spare parts. These recycled materials are then used to produce cost-efficient spare aircraft components and circular economy products in the aviation industry. Scrap metal from non-recyclable parts is also sold for profit. The demand for air travel drives the need for continuous fleet renewal, making aircraft recycling a crucial aspect of the aviation sector. Flight controls and other aircraft components are also recycled and reused in the production of new spare parts.
The commercial aircraft disassembly, dismantling, and recycling market is a significant segment of the global aerospace and defense industry. This market involves the dismantling of end-of-life commercial aircraft, recovery of valuable components such as composite materials, spare parts, and scrap metal, and the promotion of circular economy principles within airline fleets. Key players in this market include aircraft recycling centers and MRO providers. The global capital goods market, which includes the aerospace and defense sector, is projected to grow due to increasing air travel demand and the need for cost-effective solutions in the MRO industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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