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.
