The total global market value of the aircraft dismantling services market is set to reach $80 million in 2014, according to a new industry study by top aviation consultant TeamSAI Consulting, conducted in partnership with the Aircraft Fleet Recycling Association (AFRA).
A rapid increase in the number of aircraft reaching the end of their economic life presents considerable opportunities for the aircraft dismantling and recycling industry, according to the study. Industry operators predict that between 1,200 and 1,800 aircraft will be dismantled and torn down over the next three years.
It also found that close to $3.2 billion worth of harvested parts will be made available to the commercial aviation supply chain in the form of aftermarket parts annually, offering around 50 percent savings compared to new original equipment manufacturers parts.
TeamSAI Consulting's survey of the global aircraft dismantling and recycling sector is based on the input of 36 AFRA members.