Commercial Aircraft Disassembly, Dismantling, and Recycling Market Analysis and Business Insights Till 2027

The global marine hybrid propulsion market size was valued at USD 3.53 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 10.09% during the forecast period. The aging of aircraft consists of three main aspects, namely, fatigue, maintenance, and safety of the aircraft. However, the rate at which an individual aircraft ages is dependent on several factors such as the replacement of aircraft fleet and components that further denote the life-cycle of an aircraft.

Segment: 

"Narrow Body Aircraft Segment to Grow Rapidly Backed by Cost-effective Operations"
Based on type, the market is segregated into region aircraft, wide-body aircraft, and narrow-body aircraft. Out of these, the narrow-body aircraft is generated 64.0% in terms of commercial aircraft disassembly, dismantling, and recycling market share in 2019 and would grow rapidly throughout the forthcoming years. This would occur because of the rising demand for such aircraft from various airlines owing to their ability to provide cost-effective operations and high passenger-carrying capacity. Also, increasing air traffic would contribute to growth.

Regional Analysis:
"North America to Remain at the Forefront Stoked by High Demand for MRO"
In 2019, North America held USD 1.97 billion in terms of revenue. The region is anticipated to dominate in the near future on account of the increasing demand for MRO for commercial aircraft and the presence of renowned companies, especially in the U.S. Europe is likely to exhibit a significant CAGR fueled by the increasing awareness about unique technology-based private leasing facilities and recycling services. Asia Pacific, on the other hand, is set to showcase a healthy growth because of the major contribution of China.

Fortune Business Insights™ presents a list of all the commercial aircraft disassembly, dismantling, and recycling service providers operating in the market. They are:
• Aircraft End-of-Life Solutions (AELS)
• BV (Delft, the Netherlands)
• GA Telesis LLC (Florida, the U.S.)
• AerSale Inc (Florida, the U.S.)
• Tarmac Aerosave (Tarbes, France)
• Bombardier Inc. (Montreal, Canada)
• AJW Group (Horsham, the U.K.)
• The Carlyle Group (Washington D.C., the U.S.)
• China Aircraft Leasing Group Holdings Limited (Hong Kong, China)
• AAR (Illinois, the U.S.)
• Magellan Aircraft Services Corp. (Charlotte, NC, the U.S.)
• Ascent Aviation Services (Arizona, the U.S.)
• Air Salvage International Ltd (Cirencester, the U.K)
• Other Players