Analysts forecast
the Global Aircraft
Dismantling market to grow at a CAGR of 6.56 percent over the period
2014-2019.
Environmental effects of aircraft recycling are one of the major trends
influencing the market's growth. The amount of energy used by the
Aircraft industry in recycling reduces greenhouse gas emissions and
minimizes global climate change. The advantage of recycling would be a
reduction in emissions from burners and lesser materials to fill the
landfilling.
The process of
dismantling an aircraft at the end of its life as a combined airframe is known
as parting out. Aircrafts may be parted out while they are still certified and
still in service as the components in them are more valuable. As any product,
an aircraft also depreciates in value over time. The value of the aircraft
depends on a number of aspects such as increased cost of maintenance, repair
and to abide with the legislation. Over a period of time, it becomes expensive
for aircraft owners to maintain aircrafts that are out of service. Hence,
aircrafts that are out of service are dismantled and recycled. The reusable
parts will be sold in the aftermarket or the owners will refurbish and use them
in new aircrafts. Metals such as aluminum of the aircrafts are recycled and
sold in the aftermarket. AFAR is a global association that is dedicated in
pursuing and promoting environmental best practices, regulatory excellence, and
sustainable developments in aircraft disassembly.
This report covers
the present scenario and the growth prospects of the Global Aircraft
Dismantling market for the period 2015-2019. The market size was calculated
based on the number of aircrafts that are out of service and the aircrafts
about 15 years old. The report also presents the vendor landscape and a
corresponding detailed analysis of the top four vendors in the Global Aircraft
Dismantling market. In addition, the report discusses the major drivers that
influence the growth of the market. It also outlines the challenges faced by
the vendors and the market at large, as well as the key trends that are
emerging in the market
Global Aircraft
Dismantling Market 2015-2019, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the Americas, the
APAC region and the EMEA; it also covers the market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
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