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Aircraft Recycling Global Market Analysis, Trends, Growth, Research And Forecast 2033
Aircraft Recycling Global Market
As per the report, the aircraft recycling market size has grown strongly in recent years. It will grow from $4.74 billion in 2023 to $5.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The aircraft recycling market size is expected to see strong growth in the next few years. It will grow to $6.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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The Role Of Aerospace Recycling In Managing Retired Aircraft
The increase in retired and worn-out aircraft is projected to expand the growth of the aerospace recycling market going forward. Planes that have reached the end of their useful lives or have become too expensive to maintain and operate are classified as retired or worn-out. Through recycling, the most valuable components such as engines and parts can be reused, which provides for the profitability of recycling operations. For instance, the International Civil Aviation Organization (ICAO), a Canada-based specialized agency of the United Nations estimated that every year, around 600-1000 commercial aircraft are retired worldwide. ICAO and Airbus projected that there could be 15,000 retired aircraft by 2040. Therefore, the increase in retired and worn-out aircraft is driving the growth of the aircraft recycling market.
Airbus Spearheads As A Green Revolution With Sustainable Aircraft Recycling Services
Sustainable aircraft recycling services are a key trend gaining popularity in the aircraft recycling market. Major companies operating in the aircraft recycling market are developing sustainable aircraft recycling services to strengthen their position in the market. For instance, in January 2022, Airbus, a France-based aerospace company signed a Memorandum Of Understanding (MOU) with the city of Chengdu and Tarmac Aerosave, a France-based aerospace company for the development of a sustainable aircraft lifecycle service center in China. This agreement allows aircraft parking, maintenance, storage, conversions, upgrades, recycling services, and dismantling for different aircraft.
The aircraft recycling market covered in this report is segmented -
1) By Product: Engines, Landing Gear, Avionics
2) By Material: Aluminum, Other Metals And Alloys
3) By Aircraft: Narrow-Body, Wide-Body, Regional
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Major companies operating in the aircraft recycling market report are Bombardier Inc., GA Telesis LLC, Evergreen Aviation Technologies Corporation, AerSale Inc., Roswell Aerospace Inc., Apple Aviation Limited, ComAv Technical Services LLC, AerFin Ltd., Jet Midwest Group LLC, Aerothrust Holdings LLC, Vallair Industry Sarl, Aviation International Recycling Ltd., Tarmac Aerosave SAS, Universal Asset Management, AeroTurbine Inc., VAS Aero Services LLC, KLM UK Engineering Limited, Air Salvage International Limited, Total Technic Limited, ARC Aerosystems, GJD AeroTech Ltd., eCube Solutions Ltd., Aerocycle Inc., Sycamore Aviation Ltd., Aircraft Part Out Company Ltd., AELS, ELG Carbon Fibre Limited, AeroMock-Ups Inc., Regional Air Services LLC, Recycled Aircraft Materials Inc.
Contents of the report:
1. Executive Summary
2. Aircraft Recycling Market Report Structure
3. Aircraft Recycling Market Trends And Strategies
4. Aircraft Recycling Market - Macro Economic Scenario
5. Aircraft Recycling Market Size And Growth
…..
27. Aircraft Recycling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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