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The global commercial aircraft disassembly, dismantling & recycling market size stood at USD 6.74 billion in 2022. The market value is slated to rise from USD 8.07 billion in 2023 to USD 14.72 billion by 2033 at a CAGR of 6.20% during 2023-2033. Fortune Business Insights™ presents this information 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 Jet), and Regional Forecast, 2023-2033”. Commercial aircraft disassembly, dismantling and recycling involves careful removal of both exterior and interior components and ensuring that all of these components are properly identified and processed.
Rise in Aircraft Disassembling Pushed Industry Growth amid COVID-19 Pandemic
The COVID-19 crisis led to an upsurge in the exchange and disassembling of aircraft components. This was due to the retirement of airplanes given that several airline fleets remained grounded on account of travel restrictions enforced by government bodies. These factors helped propel industry expansion during the pandemic period.
Airbus, Tarmac Aerospace, and Chengdu City Establish a Joint Venture to Provide Aircraft Lifecycle Services in China
In April 2023, Tarmac Aerosave, Airbus, and the City of Chengdu set up a joint venture. The venture was focused on establishing the first aircraft lifecycle service center in China. Aircraft parking and storage, conversions, upgrades, maintenance, dismantling, and recycling services are some of the services that would be provided at the facility.
The center would be a major milestone of cooperation between China and Airbus given its contribution toward bolstering the aviation sector of the country in aftermarket services.
Strict Government Policies to Fuel Industry Expansion
Government bodies emphasize the usage of environmentally friendly aircraft, resulting in the retirement of relatively young aircraft. Stringent regulations associated with this are set to favor the commercial aircraft disassembly, dismantling and recycling market growth over the forecast period.
However, the use of thermoplastics and composite materials in aircraft places restrictions on recycling, hindering market expansion.
Major Companies Focus on Geographical Expansion to Strengthen Market Presence
Leading industry participants focus on acquisitions and mergers for strengthening their presence in the market. Several companies are also keen to target emerging markets for the expansion of their geographical footprints.
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Key Industry Development
April 2023 – The FAA launched VARMA, a new program focused on the usage of off-the-shelf parts in type-certificated aircraft. Applicable to small aircraft constructed prior to 1980, the program would allow maintenance personnel to validate the suitability of installing certain low-risk replacement parts on aircraft.
Further Report Findings
Table of Segmentation
CAGR of 6.20% from 2023 to 2033
Value (USD Billion)
By Aircraft Type