LONDON--(BUSINESS WIRE)--The global aircraft dismantling market is expected to post a CAGR of close to 7% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is minimizing ownership costs. As an aircraft ages, maintaining its airworthiness becomes more expensive, which often leaves the operator with the option to sell it off. If a new operator or owner for such aircraft is not found, it is stored in places, where most aircraft that are out of service or not in workable condition are stored. These aircraft are kept in such places or in an airports backyard until a new operator or owner is found. They are stored or sold immediately after the aircraft’s last flight service. Eventually, the aircraft is permanently withdrawn from service for dismantling and recycling.
This market research report on the global aircraft dismantling market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the greener dismantling practices as one of the key emerging trends in the global aircraft dismantling market:
Global aircraft dismantling market: Greener dismantling practices
The international community is striving for greener practices to dismantle aircraft. Commercial aircraft have limited lifespans. Ultimately, they must be retired from service, stored in airplane boneyards or graveyards, and finally dismantle and scrapped. The quality of recycled material in a recycling process is actively influenced by the appropriate dismantling strategy.
“In recycling the carcass of the aircraft, it is suitable to separate and classify different aluminum grades into their main alloys family before sending them to the recycle center. Fully dismantling or fully shredding the aircraft is not economically or environmentally viable owing to the complexity in the aircraft structure. For this reason, various hypothesized dismantling strategies are being adopted worldwide,” says a senior analyst at Technavio for research on human machine interface.
Global aircraft dismantling market: Segmentation analysis
This market research report segments the global aircraft dismantling market by geographical regions, including APAC, EMEA, and the Americas.
EMEA led the market in 2017 with a market share of nearly 45% of the market share. The market share occupied by this region is anticipated to decrease by nearly 3% during 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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