Global Aircraft Dismantling Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 6.6% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The “Global Aircraft Dismantling Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The analysts forecast the global aircraft dismantling market to grow at a CAGR of 6.60% during the period 2018-2022.
The economic life of an aircraft is not unlimited like its technological life, as there are spare parts available on aircraft that can be kept airworthy. Maintenance costs increase as an aircraft ages. As a result, when an aircraft has reached the end of its economic life, it is generally withdrawn from service and replaced with a new aircraft that has higher passenger comfort and lower fuel utilization and maintenance costs.
One trend in the market is greener dismantling practices. The international community is striving for greener practices to dismantle aircraft. In 2011, Bombardier, alongside the Canadian University Polytechnique Montral and the Centre Technologique en arospatiale, embarked on a $1.4 million R&D project to find new ways to recycle and recover metals.
One driver in the market is retirement of aircraft and increasing fleet size with new-generation aircraft. The average age of aircraft in service has been relatively stable in the last 15 years. As per statistics provided by International Air Transport Association (IATA), the retirement of fleets between 2010-2015 was around 4,700 units which was growing at CAGR more than 4%.
The report states that one challenge in the market is uncertainty of aircraft retirement. There is no set industry rule or standard, but many commercial aircraft reach end of life at about 25 years of age. Aircraft age is arguably measured not only in years but also in terms of pressurization cycles, which cause stress on the fuselage and wings.
Companies MentionedAircraft End-of-Life Solutions (AELS) AerSale CAVU Aerospace HVF and Affiliates Gibbs Scrap Universal Recycling
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Aircraft Type
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6qfh9x/global_aircraft?w=4
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SOURCE: Research and Markets
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PUB: 08/07/2018 04:50 AM/DISC: 08/07/2018 04:50 AM