The global aircraft recycling market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period (2021-2027). The key factor driving the aircraft recycling market is the advancement in technology. Key market players are busy in designing and creating advanced recycling processes with the integration of innovative technological systems. Original Equipment Manufacturers (OEMs) are also working towards developing innovative software and hardware systems to simplify this procedure. For instance, in June 2019, TARMAC Aerosave presented an aircraft dismantling system, which balances the cutting gantry based at the tarbes site, and it has the benefit of being portable. The cutting gantry was developed by TARMAC Aerosave, however, there are other systems in Teruel as well which can disassemble aircraft independently. Once refinement operations become complete such as removal and arranging of equipment, the gantry cuts the wings and fuselage in an organized manner by using diamond cable. No heat is required in this system, and it is environment friendly due to which it has the potential to lead the market towards growth.
Browse the full report description of "Global Aircraft Recycling Market Size, Share & Trends Analysis Report by Component (Engine, Landing gear, Avionics, and Others), and by Material (Aluminum, Wires, Carbon fiber, Metal & Alloys, and Others), Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/aircraft-recycling-market
TARMAC Aerosave continues to develop new industrial technologies in addition to the cutting gantry in tarbes to meet the rising demand influenced by fleet renewal. Further, TARMAC Aerosave designed a cutting tunnel for civil and military narrow-bodies aircrafts. Fuselage is cut into parts after the wings have been disassembled, which are then reprocessed in the same way as sections in the cutting gantry. This machine can cut a single aircraft fuselage in few hours. The focus on dismantling and recycling technologies for aircraft will boost the aircraft recycling market.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Component
o By Material
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key Questions Addressed by the Report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Aircraft Recycling Market Report Segment
By Component
• Engine
• Landing gear
• Avionics
• Other (Fuselage, Wings, and Empennage)
By Material
• Aluminum
• Wires
• Carbon fiber
• Metal & Alloys
• Others (Steel Alloys, Glass)
Global Aircraft Recycling Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa