Aircraft Recycling Market Analysis: Major Players, Lucrative Segments And Top Geographies
4 Jul, 2023
The global aircraft recycling market size is expected to grow from $4.37 billion in 2022 to $4.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft recycling market size is expected to reach $6.42 billion in 2027 at a CAGR of 7.8%.
Global Aircraft Recycling Market Key Driver
The increase of retired and worn-out aircraft is expected to drive future growth in the aerospace recycling market. Retired or worn-out planes have reached the end of their useful life or have become too expensive to maintain and fly. The most valuable components, such as engines and parts, can be reused through recycling, ensuring the profitability of recycling operations.
Get a sample of the global aircraft recycling market reportGlobal Aircraft Recycling Market Segments
The global aircraft recycling market 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
4) By Geography: The regions covered in the aircraft recycling market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aircraft recycling market.
Major Aircraft Recycling Industry Players
Aircraft End-of-Life Solutions (AELS), Air Salvage International Ltd., Aviation International Recycling, Tarmac Aerosave, Total Technic Ltd., Vallair Industry, ComAv Technical Services, KLM UK Engineering, Aircraft Part Out Company (APOC), Sycamore Aviation, VAS Aero Services, Apple Aviation, ARC Aerospace Industries, Universal Asset Management Inc, Bombardier Inc
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Aircraft Recycling Market Overview
Aircraft recycling refers to aircraft dismantling or aircraft disassembly. Aircraft recycling is the process of disassembling a decommissioned aircraft and recovering its components and materials for reuse or recycling.
Aircraft Recycling Global Market Report 2023 provides data on the global aircraft recycling market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft recycling market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.