Aircraft Dismantling market 2015 to grow at a CAGR of 6.56% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/18/2015 -- About Aircraft Dismantling
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. Global Aircraft Dismantling market to grow at a CAGR of 6.56% over the period 2014-2019. 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.
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Covered in this Report
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.
Commenting on the report, an our analyst said: "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. "
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According to the report, higher fuel prices of older planes are driving the growth of fleet renewal. The demand for aircraft dismantling and disassembly is expected to increase because of the accelerated fleet replacement.
HVF West LLC (Huron Valley Fritz West)
Other Prominent Vendors
AELS- Aircraft End-of-life Solutions
Air Salvage International
AMS GmbH & Co KG
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Ascent Aviation Services
GECAS Asset Management
Southern California Aviation
VAS Aero Services
Further, the report states that decision making is a challenge for the players involved in dismantling to engage in creative solutions to select an aircraft to dismantle. There are a number of factors to consider regarding whether to or not to disassemble. Every aircraft is different, it depends on the equipment installed.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.