Several factors have an impact on the market for the regeneration, breakdown, and deconstruction of commercial aircraft. The primary force behind this market's growth is the aviation sector's rising need for recycled metals. The aviation sector is always being pushed to lower its carbon black footprint due to the introduction of new technology and materials. The need for recycled metals that may be utilised to make new aeroplane parts has therefore increased. During the projected timeframe, this is anticipated to fuel cell market expansion for the metal recycling, and dismantling, including the disassembly of commercial aircraft.
The market for the stripping, regeneration, and disassembling of commercial aircraft has a number of benefits. First off, it aids in lessening aviation's negative environmental effects. Second, it offers a chance to recycle priceless metals and components that may be applied to other sectors of the economy. And last, it boosts the regional economy and produces jobs in the aviation sector. Rising customer concern over environmental issues is another key factor in driving this industry. People are becoming more aware of their carbon footprint due to the rise in global temperatures and its impact on the ecosystem. Given that recycled metals assist the aviation industry lower its carbon footprint, this is anticipated to enhance demand for them.
The process of separating an aeroplane into its separate parts and components for reuse, resale, or recycling is known as commercial aircraft disassembly, dismantling, and recycling. Companies that specialise in the dismantling and disposal of commercial aircraft make up the commercial aviation disassembly, dismantling, and recycling market. Companies that recycle or resale commercial aircraft parts and components are also present in the market.
The market for commercial aircraft disassembly, dismantling, and recycling is anticipated to expand at a CAGR of 11.53% from 2021 to 2031. By 2031, the market, which was valued at USD 6.52 billion in 2021, is expected to grow to USD 10.90 billion.
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The aerospace industry's rising need for recycled metals and customers' growing environmental worries about the disposal of commercial aviation debris are both responsible for this expansion.
The main problem facing the commercial aircraft deconstruction, breakdown, and recycling industry is a lack of standardisation. For the process of disassembling, dismantling, and recycling commercial aircraft, there are no generally acknowledged standards. This causes significant quality variance in recycled materials and makes it challenging for recyclers to find customers for their goods. In addition, the complexity of aviation parts makes recycling them challenging, which restrains the expansion of this sector even more. Conversely, the industry is anticipated to expand in the future as a result of the tightening environmental restrictions governing aircraft dumping.
GKN plc, Boeing Commercial Airplanes, ST Aerospace Ltd., Vector Aerospace Corporation, Airbus, S.A.S., AVI-TECH International Ltd., VAS Aero Services, Inc., Hexcel Corporation, AAR Corp., and Lufthansa Technik AG are the major players in the commercial aircraft disassembly, dismantling, and recycling market. Based on their key advancements, financials, and other important elements, these companies have been covered in the report. As a result, the market for commercial aircraft disassembly, dismantling, and recycling is thoroughly examined in this study.
Segment Analysis
The Disassembly and Dismantling Type emerged as the Most Lucrative Segment
The market for the disassembling, dismantling and recycling of commercial aircraft has been divided into disassembling, dismantling, and recycling. During the projection period, the disassembly and dismantling segment is anticipated to expand at a faster CAGR. This growth can be due to the rising requirement for commercial aeroplanes that are nearing the end of their useful lives to be disassembled.
The Most Popular Application Segment is Twin Aisle Aircraft
According to applications, the market has been divided into single-aisle and twin-aisle aircraft, with the twin-aisle aircraft segment expected to experience the highest CAGR growth over the course of the forecast period. This growth can be ascribed to the rise in dual aisle aircraft whose service lives are coming to an end.
The North American region to render Adequate Financing Avenues
The commercial aircraft disassembly, dismantling, and recycling market is anticipated to be dominated by North America during the forecast period. A huge number of commercial aircraft operators are present in the area, which is the cause of this increase. In North America, the US is anticipated to be the biggest market for the dismantling, recycling, and disassembly of commercial aircraft. The substantial demand for air travel in the nation is responsible for this growth.
COVID-19 Impact and Market Status
The COVID-19 pandemic has hurt the market for commercial aircraft teardown, dismantling, and repurposing. The aviation sector has been among those most badly impacted by the COVID-19 outbreak. A decline in passenger traffic and limits on international air travel have made it difficult for airlines to continue operating. As a result, numerous airlines have decided to ground their fleets and retire their older aircraft early. As a result, it is anticipated that during the projected period, demand for commercial aircraft disassembly, dismantling, and recycling services will decrease. Furthermore, as most airlines are currently concentrating on lowering their operating expenses, the COVID-19 pandemic has also led to a drop in demand for recycled aircraft parts and components.
Recent Developments in the Commercial Aircraft Disassembly, Dismantling and Recycling Market
• General Electric stated in February 2021 that it has reached an agreement with Shaanxi Aircraft Corporation, a Chinese company, to fund the construction of a new commercial aviation recycling facility in Xi'an, China. Retired commercial jet engines will be disassembled and recycled at the new plant.
• Air Salvage International (ASI) declared in January 2021 that the deconstruction of a Boeing 747-400 aircraft had been finished at its Cannock, UK, site. Other parts were shipped to the network of international customers of ASI while the disassembled aeroplane was sold for scrap metal.
• AAR Corporation announced in December 2020 that it has acquired Associated Aviation Underwriters, Inc. (AAUI), a supplier of insurance services and goods to the aviation sector. The acquisition will increase the scope of aviation services and products offered by AAR.
• Air France-KLM stated in November 2020 that it has inked a contract with Airbus to buy 50 A220-300 aircraft. The new planes will be used to replace the ageing ones in the Air France fleet.
Commercial Aircraft Disassembly, Dismantling and Recycling Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 10.90 billion |
| Growth Rate | CAGR of 11.53% during 2021-2031 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | BOC, The Linde Group, Lincoln Electric Holdings, Inc., Air Liquide S.A., Hobart Brothers Company, Illinois Tool Works Inc., and Voestalpine AG |
Key Segment of Global Commercial Aircraft Disassembly, Dismantling and Recycling Market
By Type Overview (USD Billion)
• Disassembly and Dismantling
• Recycling
By Application Overview (USD Billion)
• Single Aisle Aircraft
• Twin Aisle Aircraft
By Region Overview (USD Billion)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa
Frequently Asked Questions (FAQ) :
The global Commercial Aircraft Disassembly, Dismantling and Recycling market size projected to reach USD 10.90 billion by 2031.