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The global commercial aircraft disassembly, dismantling and recycling market size was assessed at USD 5.95 billion in 2021. Fortune Business Insights in its report titled “Commercial Aircraft Disassembly, Dismantling and Recycling Market Size, Share & COVID-19 Impact Analysis, By Application (Disassembly & Dismantling, Recycling & Storage, USM and Rotable Parts), By Aircraft Type (Narrow Body, Wide Body and Regional Jets), and Regional Forecast, 2022-2032” states that the market is slated to expand from USD 6.74 billion in 2022 to USD 14.35 million by 2032, exhibiting a CAGR of 7.85% during the 2022-2032 period. The aviation industry is making moves to become more cost-effective and greener which has elevated the popularity of recycled aircraft parts from end-of-life aircrafts. The rising demand for certain types of older engines or parts by engine maintenance, repair and operation service industry creates opportunities for used serviceable material (USM) suppliers thus boosting market growth.
Emirates to Partner with Falcon Aircraft Recycling to Upcycle and Recycle a Retired A380 Aircraft in UAE
In November 2021, Emirates signed a contract with UAE-based Falcon Aircraft Recycling where its first retired A380 aircraft will be upcycled and recycled thus decreasing the environmental impact of the deconstruction process and reducing landfill waste. The repurposing activities and materials recovery will be conducted in the UAE, the airline’s home base. Falcon Aircraft Recycling will be designing and manufacturing retail items and unique collectibles from the parts and materials removed from the aircraft with help from Wings Craft, another UAE-based firm that specializes in producing custom furniture and merchandise from aircraft materials. These items will be launched for sale in phases over the coming months.
Travel Restrictions Amid the Pandemic Hindered Market Elevation
The airline industry record massive losses amid the COVID-19 pandemic as travel restrictions were imposed worldwide. With the outbreak of COVID-19, airline industry faced a significant loss due to decrease in overall demand across the globe. Passenger travel decreased by 60% amid the pandemic. In the year 2020, governments in various regions announced complete closure or temporary closure of industry which affected the commercial aircraft disassembly, dismantling and recycling market growth negatively. Supply shortages and lack of skilled-forces disrupted market growth as well.
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Rising Number of Retired Commercial Aircrafts and Improved Scrapping Processes to Aid Market Augmentation
According to the Aircraft Fleet Recycling Association (AFRA), approximately 12,000 commercial aircrafts would retire in next two decades. Additionally, commercial aircraft disassembly, dismantling and recycling domain has witnessed substantial developments in the recent years with adoption of advanced processes which can recycle nearly 80% of components. Systematic disassembly, smart shredding and several new cutting methods assist in the dismantling process and make it easier. Therefore, growing number of retiring aircrafts and improved scrapping process will propel market expansion in the upcoming years.
On the other hand, side effects of exposure to hazardous materials such as asbestos and bromo-tri-fluoro methane such as skin diseases and lung cancer will hinder industry growth.
Efforts to Increase Productivity by Industry Leaders to Boost Market Augmentation
The global market is fragmented with the presence of several providers such as Air Salvage International Ltd, Aircraft End-of-Life Solutions, Tramac Aerosave, Cavu Aerospace, Vallair, and China Aircraft Leasing Group holdings limited among others. These companies are focused on expanding their facilities and adopting advanced technologies to enhance their capabilities & productivity. For example, in March 2022, EirTrade Aviation, an asset trading company, expanded its dismantling capabilities to include engine dismantling. The capacity available at EirTrade's Dublin site will complement existing aircraft dismantling activities based at the company's site in Knock, Western Ireland.
Notable Industry Development
List of Key Companies Profiled in the Report:
Further Report Findings
Table of Segmentation
CAGR of 7.85% from 2022 to 2032
Value (USD Billion)
By Application, Aircraft Type, and Geography
By Aircraft Type