PUBLISHER: Value Market Research | PRODUCT CODE: 1578272
PUBLISHER: Value Market Research | PRODUCT CODE: 1578272
The global demand for Aircraft Recycling Market is presumed to reach the market size of nearly USD 13.01 Billion by 2032 from USD 5.95 Billion in 2023 with a CAGR of 9.07% under the study period 2024-2032.
Aircraft recycling is the process of pulling down and disassembling aircrafts lying in the boneyard, for recovering the valuable materials and components and using them in an operational aircraft. For recycling the aircraft, first it is dismantled, then metals like titanium, steel, copper and aluminum are sorted out and finally they are cleaned and treated. This process also helps to utilize the residual value of aircraft components and is an excellent source of spare parts. Using recycled aircraft parts reduces operational cost of an aircraft to some extent and they are eco-friendly as well. For example, carbon fibers and other such components aids in reducing environmental risks.
The 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. Surge in air travel, improving infrastructure and growing aircraft fleet will boost aircraft recycling market. Furthermore, reduced price of recycled aircraft composites owing to technological advancements will result in substantial market growth. However, recycling of advanced material like carbon fiber is quite challenging and this may hinder aircraft recycling market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Aircraft Recycling. The growth and trends of Aircraft Recycling industry provide a holistic approach to this study.
This section of the Aircraft Recycling market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Aircraft Recycling Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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, ComAv Technical Services, KLM UK Engineering, Sycamore Aviation, Universal Asset Management Inc, VAS Aero Services. 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.
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