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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543687

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543687

Global Aircraft Recycling Market Size Study, by Aircraft Type (Narrow-Body, Wide-Body, Regional), by Component (Engines, Landing Gear, Avionics, Others) and Regional Forecasts 2024-2032

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Global Aircraft Recycling Market was valued at approximately USD 4.69 Billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.02 % over the forecast period from 2024 to 2032. Aircraft recycling involves the dismantling and repurposing of decommissioned or outdated aircraft to recover valuable materials and reduce environmental impact. This process includes the removal of hazardous substances, such as fluids and batteries, followed by the extraction of reusable components like engines, avionics, and landing gear. The remaining structure is then shredded and sorted to reclaim metals, plastics, and other materials for reuse in manufacturing. Aircraft recycling helps conserve resources, minimize waste, and promote sustainability within the aviation industry. Furthermore, the increased emphasis on sustainable and environmentally responsible practices within the aviation industry, coupled with rising economic incentives associated with aircraft dismantling and recycling, is propelling the market growth. The shift towards sustainability is driven by heightened awareness of the environmental impacts and climate change concerns, prompting stakeholders to adopt responsible end-of-life management for aircraft.

Regulatory bodies worldwide are implementing stringent regulations and guidelines to ensure that aircraft are decommissioned and disposed of in an environmentally sound manner. Compliance with these regulations not only meets legal requirements but also enhances the corporate social responsibility and sustainability profiles of aviation companies. The circular economy concept further drives the growth of aircraft recycling, as stakeholders recognize the economic value of recycling aircraft materials. Salvaging and reusing components and materials from retired aircraft minimizes waste, contributes to resource efficiency, and reduces the reliance on virgin materials, thereby mitigating the environmental impact associated with their extraction and production. Airlines and aircraft manufacturers are increasingly integrating sustainability into their business strategies, considering the entire life cycle of an aircraft from design to disposal. The economic benefits of aircraft recycling are significant, as salvaging valuable materials such as aluminium, titanium, and composites from retired aircraft enables their resale and reuse in various industries. This economic incentive encourages the development of advanced recycling technologies and facilities, fostering a robust market for aircraft recycling services.

The key region in the Global Aircraft Recycling Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, the North American Aircraft Recycling market dominates in terms of revenue due to its extensive fleet of aging aircraft, stringent environmental regulations necessitating responsible disposal practices, and a well-established infrastructure for aerospace maintenance, repair, and overhaul (MRO) services. Europe's Aircraft Recycling market accounts for the second-largest market share, driven by strict environmental regulations, sustainability initiatives, and a commitment to circular economy principles. The Asia-Pacific Aircraft Recycling Market is expected to grow at the fastest CAGR, driven by the region's expanding aviation industry, rapid fleet modernization, and increasing emphasis on sustainable practices.

Major market players in this report include:

  • Aircraft End-of-Life Solutions (AELS)
  • Aircraft Part Out Company (APOC)
  • AIR SALVAGE INTERNATIONAL LTD
  • Aviation International Recycling
  • Tarmac Aerosave
  • Total Technic Ltd.
  • Airbus
  • Boeing
  • DAE International
  • Amentum
  • AerSale Inc.
  • Vallair Solutions
  • Universal Asset Management Inc.
  • GA Telesis LLC
  • Magellan Aviation Group

The detailed segments and sub-segment of the market are explained below:

By Aircraft Type

  • Narrow-Body
  • Wide-Body
  • Regional

By Component

  • Engines
  • Landing Gear
  • Avionics
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA

Years considered for the study are as follows:

  • Historical year - 2022
  • Base year - 2023
  • Forecast period - 2024 to 2032

Key Takeaways:

  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.

Table of Contents

Chapter 1. Global Aircraft Recycling Market Executive Summary

  • 1.1. Global Aircraft Recycling Market Size & Forecast (2022-2032)
  • 1.2. Regional Summary
  • 1.3. Segmental Summary
    • 1.3.1. By Aircraft Type
    • 1.3.2. By Component
  • 1.4. Key Trends
  • 1.5. Recession Impact
  • 1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Aircraft Recycling Market Definition and Research Assumptions

  • 2.1. Research Objective
  • 2.2. Market Definition
  • 2.3. Research Assumptions
    • 2.3.1. Inclusion & Exclusion
    • 2.3.2. Limitations
    • 2.3.3. Supply Side Analysis
      • 2.3.3.1. Availability
      • 2.3.3.2. Infrastructure
      • 2.3.3.3. Regulatory Environment
      • 2.3.3.4. Market Competition
      • 2.3.3.5. Economic Viability (Consumer's Perspective)
    • 2.3.4. Demand Side Analysis
      • 2.3.4.1. Regulatory Frameworks
      • 2.3.4.2. Technological Advancements
      • 2.3.4.3. Environmental Considerations
      • 2.3.4.4. Consumer Awareness & Acceptance
  • 2.4. Estimation Methodology
  • 2.5. Years Considered for the Study
  • 2.6. Currency Conversion Rates

Chapter 3. Global Aircraft Recycling Market Dynamics

  • 3.1. Market Drivers
    • 3.1.1. Growing Emphasis on Sustainable Practices
    • 3.1.2. Increasing regulations and standards
    • 3.1.3. Recycling aircraft can lower disposal costs and recover valuable materials
  • 3.2. Market Challenges
    • 3.2.1. High Initial Costs
    • 3.2.2. Limited Recycling Infrastructure
  • 3.3. Market Opportunities
    • 3.3.1. Development of Advanced Recycling Technologies
    • 3.3.2. Innovations in Recycling Processes

Chapter 4. Global Aircraft Recycling Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model
    • 4.1.7. Porter's 5 Force Impact Analysis
  • 4.2. PESTEL Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
    • 4.2.5. Environmental
    • 4.2.6. Legal
  • 4.3. Top Investment Opportunity
  • 4.4. Top Winning Strategies
  • 4.5. Disruptive Trends
  • 4.6. Industry Expert Perspective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Aircraft Recycling Market Size & Forecasts by Aircraft Type 2022-2032

  • 5.1. Segment Dashboard
  • 5.2. Global Aircraft Recycling Market: Aircraft Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 5.2.1. Narrow-Body
    • 5.2.2. Wide-Body
    • 5.2.3. Regional

Chapter 6. Global Aircraft Recycling Market Size & Forecasts by Component 2022-2032

  • 6.1. Segment Dashboard
  • 6.2. Global Aircraft Recycling Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
    • 6.2.1. Engines
    • 6.2.2. Landing Gear
    • 6.2.3. Avionics
    • 6.2.4. Others

Chapter 7. Global Aircraft Recycling Market Size & Forecasts by Region 2022-2032

  • 7.1. North America Aircraft Recycling Market
    • 7.1.1. U.S. Aircraft Recycling Market
      • 7.1.1.1. Aircraft Type breakdown size & forecasts, 2022-2032
      • 7.1.1.2. Component breakdown size & forecasts, 2022-2032
    • 7.1.2. Canada Aircraft Recycling Market
  • 7.2. Europe Aircraft Recycling Market
    • 7.2.1. U.K. Aircraft Recycling Market
    • 7.2.2. Germany Aircraft Recycling Market
    • 7.2.3. France Aircraft Recycling Market
    • 7.2.4. Spain Aircraft Recycling Market
    • 7.2.5. Italy Aircraft Recycling Market
    • 7.2.6. Rest of Europe Aircraft Recycling Market
  • 7.3. Asia-Pacific Aircraft Recycling Market
    • 7.3.1. China Aircraft Recycling Market
    • 7.3.2. India Aircraft Recycling Market
    • 7.3.3. Japan Aircraft Recycling Market
    • 7.3.4. Australia Aircraft Recycling Market
    • 7.3.5. South Korea Aircraft Recycling Market
    • 7.3.6. Rest of Asia Pacific Aircraft Recycling Market
  • 7.4. Latin America Aircraft Recycling Market
    • 7.4.1. Brazil Aircraft Recycling Market
    • 7.4.2. Mexico Aircraft Recycling Market
    • 7.4.3. Rest of Latin America Aircraft Recycling Market
  • 7.5. Middle East & Africa Aircraft Recycling Market
    • 7.5.1. Saudi Arabia Aircraft Recycling Market
    • 7.5.2. South Africa Aircraft Recycling Market
    • 7.5.3. Rest of Middle East & Africa Aircraft Recycling Market

Chapter 8. Competitive Intelligence

  • 8.1. Key Company SWOT Analysis
  • 8.2. Top Market Strategies
  • 8.3. Company Profiles
    • 8.3.1. Aircraft End-of-Life Solutions (AELS)
      • 8.3.1.1. Key Information
      • 8.3.1.2. Overview
      • 8.3.1.3. Financial (Subject to Data Availability)
      • 8.3.1.4. Product Summary
      • 8.3.1.5. Market Strategies
    • 8.3.2. AIR SALVAGE INTERNATIONAL LTD
    • 8.3.3. Aviation International Recycling
    • 8.3.4. Tarmac Aerosave
    • 8.3.5. Total Technic Ltd.
    • 8.3.6. Airbus
    • 8.3.7. Boeing
    • 8.3.8. DAE International
    • 8.3.9. Amentum
    • 8.3.10. AerSale Inc.
    • 8.3.11. Vallair Solutions
    • 8.3.12. Universal Asset Management Inc.
    • 8.3.13. GA Telesis LLC
    • 8.3.14. Magellan Aviation Group
    • 8.3.15. Air Salvage International

Chapter 9. Research Process

  • 9.1. Research Process
    • 9.1.1. Data Mining
    • 9.1.2. Analysis
    • 9.1.3. Market Estimation
    • 9.1.4. Validation
    • 9.1.5. Publishing
  • 9.2. Research Attributes
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