The Business Research Company’s report on the Aircraft Recycling Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the aircraft recycling market in recent years?
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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What is the projected market size of the aircraft recycling industry, and how is it expected to grow?
The aircraft recycling market size has grown strongly in recent years. It will grow from $5.03 billion in 2024 to $5.43 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. 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 $7.33 billion in 2029 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.
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Who are the key players driving competition in the aircraft recycling market?
Major companies operating in the aircraft recycling market include Aircraft Solutions USA, AELS (Aircraft End-of-Life Solutions), Aviation International Recycling LLC, Bartin Aero Recycling, CAVU Aerospace, ELG Carbon Fibre Ltd, GA Telesis LLC, Aircraft Demolition LLC, Air Salvage International Ltd, Universal Asset Management Inc, Airplane Recycling, Ecube Solutions Ltd, Lufthansa Technik AG, Tarmac Aerosave, Vallair Solutions, AerSale Inc, AvAir, Boeing Global Services, A J Walter Aviation Limited, Aircraft End-of-Life Solutions BV, Magnetic MRO AS, AELS BV, ATS Group, Delta Material Services
What key trends are expected to drive the aircraft manufacturing market during the forecast period?
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.
Which key geographies are driving the growth of the aircraft recycling market?
North America was the largest region in the aircraft recycling market in 2024. The regions covered in the aircraft recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the aircraft recycling market?
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
Subsegments:
1) By Engines: Turbine Engines, Piston Engines, Engine Components and Parts
2) By Landing Gear: Main Landing Gear Assemblies, Nose Landing Gear Assemblies, Landing Gear Components
3) By Avionics: Communication Systems, Navigation Systems, Flight Control Systems, Monitoring and Display Systems
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What defines the structure and scope of the aircraft recycling market?
Aircraft recycling refers to the process of dismantling retired or decommissioned aircraft to recover valuable materials like aluminum, titanium, and parts for reuse or resale. It helps reduce waste, lower environmental impact, and repurpose materials for new manufacturing. This practice supports sustainability in the aviation industry.
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