A recent report published by Infinium Global Research on aircraft recycling market provides in-depth analysis of segments and sub-segments in the global as well as regional aircraft recycling market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aircraft recycling market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aircraft recycling market. The global aircraft recycling market was valued at USD 5.35 billion in 2022 and is expected to reach USD 11.28 billion in 2030, with a CAGR of 8.59% during the forecast period 2023-2030.
Aircraft recycling refers to the systematic process of dismantling, salvaging, and responsibly disposing of aircraft that have reached the end of their operational lives. This includes commercial airliners, cargo planes, military aircraft, and other types of aircraft. Aircraft recycling aims to maximize the recovery of valuable materials, components, and parts from retired aircraft while minimizing environmental impact. The aircraft recycling process involves several stages. First, the aircraft is taken out of active service and transported to a specialized recycling facility. Here, trained professionals assess the aircraft's condition and create a detailed inventory of its components. Next, the aircraft undergoes dismantling, where various materials such as aluminum, titanium, steel, and composites are carefully removed. These materials are then sorted, cleaned, and prepared for recycling or resale. In addition to recovering materials, aircraft recycling often includes the retrieval of valuable aircraft parts. These components can be refurbished and sold on the aftermarket, providing cost-effective alternatives for aircraft operators and maintenance providers. The recycling process also includes the safe disposal of hazardous materials, such as chemicals, fuels, and other potentially harmful substances, in compliance with environmental regulations. Aircraft recycling aligns with the principles of sustainability and environmental responsibility. It helps reduce the carbon footprint of the aviation industry by diverting aircraft from landfills and promoting the reuse of materials. Moreover, it supports the concept of the circular economy, where resources are conserved and reused, contributing to a more eco-friendly and resource-efficient aviation sector.
The growth of the aircraft recycling market is significantly driven by the rising number of retired airplanes. As more aircraft reach the end of their operational lives, the demand for recycling services continues to surge. This increased number of retired planes drives the expansion of the aircraft recycling industry. In addition, aircraft recycling is economically beneficial due to the recovery of valuable materials and aircraft parts. The metals recovered from aircraft such as aluminum, titanium, steel, and other composite materials are recyclable. Additionally, many airlines around the world are utilizing recovered aircraft parts. The recovery and potential reuse of these materials contribute to the economic viability of aircraft recycling, thus driving market growth. However, establishing a recycling facility and acquiring the necessary equipment requires significant upfront costs. This requirement of high initial investment may hinder market growth. Nonetheless, the aftermarket for aircraft parts is growing rapidly, which provides lucrative growth opportunities for the aircraft recycling market.
The aircraft recycling market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to hold a maximum share of the aircraft recycling market during the projected period. North America has one of the world’s largest and most established aviation industries. This region is home to numerous major airlines, aircraft manufacturers, and maintenance, repair, and overhaul (MRO) facilities. Thus, the retirement and decommissioning of aircraft occur frequently, providing a consistent source for aircraft recycling companies. The sheer volume of retired aircraft in North America ensures a steady demand for recycling services. Moreover, the Europe region is anticipated to grab a significant share of the aircraft recycling market due to strict environmental regulations. The continent has been at the forefront of implementing strict environmental regulations and promoting sustainable aviation practices. As a result, aircraft operators and airlines in Europe are compelled to adopt eco-friendly recycling methods, to align with these stringent environmental standards.
|Market Size in 2022||USD 5.35 Billion|
|Market Size by 2030||USD 11.28 Billion|
|Growth Rate from 2023 to 2030||CAGR of 8.59%|
|Largest Market||North America|
|No. of Pages||255|
|Market Segmentation||By Aircraft, By Product, and By Material|
|Regional Scope||North America, Europe, Asia Pacific, and RoW|
The report on global aircraft recycling market covers segments such as aircraft, product, and material. On the basis of aircraft, the sub-markets include narrow-body, wide-body, and regional. On the basis of product, the sub-markets include engine components, landing gear, avionics, and others. On the basis of material, the sub-markets include aluminum, and other metals & alloys.
The report provides profiles of the companies in the market such as Aircraft End-of-Life Solutions (AELS) BV, TARMAC Aerosave, ecube, AIR SALVAGE INTERNATIONAL LTD, Aviation International Recycling, Vallair, VIRTUSTRADE, ComAv Technical Services, LLC, VAS Aero Services, LLC, and CAVU Aerospace Inc..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the aircraft recycling market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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