Increasing World Fleet Anticipated to Increase Number of Aircraft Retirements Over The Next 10 Years
Over the next few years, a rising number of aircraft will be withdrawn from service and decommissioned as a consequence of the global fleet’s expanding size and decreasing average age. Controlled decommissioning should enable the owner to profit from the remaining economic worth of spare parts and metals and carbon fibre, lowering the risk associated with hazardous chemicals used in aeroplanes. The International Air Transport Organization (IATA) has been requested to engage with key stakeholders to evaluate the present state of play and influence global best practices for aircraft decommissioning as a trade association for the world’s airlines and as a new strategic push.
Rising Demand for Used Serviceable Materials (USMs) to Anticipated to Fuel Commercial Aircraft Disassembly, Dismantling & Recycling Market Growth
Used serviceable materials (USMs) are aircraft components that have been repurposed from retired aircraft and installed in current commercial aircraft. In operating aircraft, USMs are immediately replaced. As a result, they assist in lowering aeroplane maintenance costs. Maintenance, repair, and overhaul (MRO) companies are using USMs to lower the total cost of operating commercial aircraft. The rising number of retired aeroplanes as a result of COVID-19, as well as the strong demand for MRO services, will propel the industry forward. North America currently dominates the worldwide commercial aircraft disassembly, dismantling, and recycling market and is anticipated to witness a similar market share over the forecast period.
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Our 440+ pages report provides 250 tables and 267 charts/graphs. Read on to discover the most lucrative areas in the industry and the future market prospects. Our new study lets you assess forecasted sales at the overall world market and regional level. See financial results, trends, opportunities, and revenue predictions. Much opportunity remains in this growing Commercial Aircraft Disassembly, Dismantling and Recycling Market. See how to exploit the opportunities.
- Increasing World Fleet Will Result In An Increase Of Aircraft Retirements Over The Next Decades
- Rising Demand for Used Serviceable Materials (USMs) to Propel Growth
- Import Restrictions on Ageing Aircraft will Boost Growth
- COVID-19 Disruption Has Impacted the Entire Supply Chain
- Concerns Related to Material Traceability and Sorting will Restrain Growth
- Rising Aviation Industry to Offer Lucrative Growth Prospects Over the Next Decade
- Growing Demand for Commercial Aircraft Aftermarket Parts to Play Pivotal Role Over the Forecast Period
Forecasts to 2031 and other analyses reveal the commercial prospects
- In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
- You find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), SWOT, PEST, Porter’s Five Forces Analysis, PESTLE Analysis product profiles and commercial developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect your industry. Access this report today.
Discover sales predictions for the world market and submarkets
- Aircraft Storage
- Aircraft Disassembly & Dismantling
- Engine Teardown
- Component Management
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Aircraft
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 19 leading national markets:
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of Middle East & Africa