London, 24 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Aircraft Dismantling Market 2015-2019, which is expected to grow at a CAGR of 6.56 percent during the period 2014-2019.
“The advantage of recycling would be a reduction in emissions from burners and lesser materials to fill the landfilling,” says Faisal Ghaus, Vice President of TechNavio.
“The amount of energy used by the Aircraft industry in recycling reduces greenhouse gas emissions and minimizes global climate change.”
Key Market Drivers
- Minimizing Ownership Costs
- Higher Fuel Burn Costs of Older Planes
- Rise in Metal Prices
Key Market Trends
- Increase in Business Volumes
- Advances in Technology
- Environmental Effects of Aircraft Recycling
Key Market Vendors
- ELG Metals Inc.
- HVF West LLC (Huron Valley Fritz West)
- The Robert Gibbs (Contracting) Co. Ltd.
- Universal Recycling Co.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
