The Aircraft Recycling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Recycling Global Market Report 2024, 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 growth in the historic period can be attributed to fleet retirement and replacement, environmental regulations and sustainability goals, circular economy initiatives, growing scrap value of aircraft components, airline cost reduction strategies.
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%. The growth in the forecast period can be attributed to increasing fleet size and renewal cycles, regulatory support and standards development, rise of sustainable aviation initiatives, market demand for recycled materials, public awareness of environmental impact. Major trends in the forecast period include advancements in recycling technologies, strategic partnerships and collaborations, technological advancements in aircraft design, global focus on green technologies, technological innovations in recycling processes.
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.
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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
Major companies operating in aircraft recycling market are focused on developing innovative aircraft recycling program to sustain their position in the market. Recycling programs often target high-value components like landing gear and engines, neglecting a significant volume of materials. This oversight results in either burdening landfill sites with substantial waste or leaving materials stranded without the potential to generate value. For instance, in November 2021, Emirates, a UAE-based airline company launched First-Of-Its-Kind Recycling Program For A380 Fleet. Emirates Airline's fleet of Airbus A380s, featuring four engines and a double-decker design, is set for a unique transformation. In collaboration with Falcon Aircraft Recycling based in the UAE, the initial retired A380 aircraft will undergo a process of "upcycling and recycling," as announced by Emirates. The objective of this program is to minimize the environmental footprint associated with the deconstruction process.
The aircraft recycling market report table of contents includes:
1. Executive Summary
2.Aircraft Recycling Market Characteristics
3. Aircraft Recycling Market Trends And Strategies
4. Aircraft Recycling Market analysis
5. Aircraft Recycling Market Size And Growth
6.Aircraft Recycling Segmentation
7.Aircraft Recycling Regional And Country Analysis
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27. Aircraft Recycling Competitive Landscape And Company Profiles
28.Aircraft Recycling Key Mergers And Acquisitions
29.Aircraft Recycling Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Bombardier Inc.
- GA Telesis LLC
- Evergreen Aviation Technologies Corporation
- AerSale Inc.
- Roswell Aerospace Inc
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Aircraft Recycling Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the aircraft recycling market include Aircraft End-of-Life Solutions, Aircraft Part Out Company, Air Salvage International, Apple Aviation, Aviation International Recycling, Tarmac Aerosave, Total Technic, Vallair, ADI- Aircraft Demolition & Recycling, ARC Aerospace Industries.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Aircraft Recycling Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/aircraft-recycling-market/download-sampleMarket DynamicsThe increasing number of retired airplanes is a key factor driving aircraft recycling market.
A number of reputed airlines looking for spare aircraft components in order to cut cost and maintain profit margins will create a positive impact on aircraft recycling market.
It is expected to witness significant growth owing to favorable government policies related to recycled plane parts.
Reports and Data has recently added a new research report to its ever expanding database titled Global Commercial Aircraft Disassembly, Dismantling, and Recycling Market Report which evaluates crucial aspects of the Commercial Aircraft Disassembly, Dismantling, and Recycling industry such as existing and emerging trends, market drivers, threats, growth prospects, and other key factors.
The market research report offers users, readers, business, clients, and stakeholders accurate market insights to help them gain a competitive advantage and formulate strategic business expansion plans.
The report covers a detailed executive summary of the Commercial Aircraft Disassembly, Dismantling, and Recycling market along with their segments and sub-segments.
A comprehensive regional analysis is offered in the report to provide insights into global market scenario, revenue growth, competitive landscape mapping, and development in the regions.The Commercial Aircraft Disassembly, Dismantling, and Recycling market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market.
Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry.
The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section.
