Aircraft Recycling Market Size, By Aircraft (Narrow-body, Wide-body, Regional), By Product (Component [Engines, Landing Gear, Avionics], Material [Aluminum, Other Metals & Alloys]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aircraft Recycling Market Size, By Aircraft (Narrow-body, Wide-body, Regional), By Product (Component [Engines, Landing Gear, Avionics], Material [Aluminum, Other Metals & Alloys]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027
Aircraft Recycling Market Size, By Aircraft (Narrow-body, Wide-body, Regional), By Product (Component [Engines, Landing Gear, Avionics], Material [Aluminum, Other Metals & Alloys]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027
Aircraft Recycling Market Size
Aircraft Recycling Market size was valued at over USD 4.07 billion in 2020 and is expected to grow at a CAGR of 8.5% from 2021 to 2027.
An increase in dismantling and recycling activities in the commercial aircraft industry will create several growth opportunities for the industry.
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Aircraft recycling is the process of harvesting materials and parts from end-of-life aircrafts. The process includes scrapping and disassembling the aircraft and re-purpose the components as scrap or spare parts. The first step of aircraft recycling mainly involves dismantling aircraft components, followed by the sorting out of all the materials like aluminum, copper, alloy, etc. from the aircraft. The sorted components and materials are then treated and cleaned to avoid rusting and damage to the critical components of the aircraft.
The growing number of retired and worn-out aircraft is driving the market for aircraft recycling worldwide. According to the Aircraft Fleet Recycling Association, more than 12,000 aircraft can be recycled in the coming years. Reclaiming retired aircraft parts by environmental-friendly techniques and maintaining the value of the recycled materials have become a significant need. Recycled aircraft parts and their applications in different aircraft will further reduce the consumption of natural resources, conserve energy, and aid in landfill allocations. When recycled aircraft components are compared with virgin materials, such as aluminum, steel, copper, titanium, etc., the cost of recycled materials is significantly lower. Moreover, recycling aircraft also reduces soil, air & water contamination and helps in meeting energy demand. Recycling aircraft further provides other benefits such as reducing landfill requirements and consumption of various natural resources.
Rising awareness for aircraft recycling among airliners is fueling the aircraft recycling market growth. The rapidly growing aviation sector in India, China, and Japan is compelling the aviation sector to adopt recycled aircraft parts, which are not only economical but also minimize the environmental impact. Maintenance, Repair, and Overhaul (MRO) providers are investing significantly in recycling aircraft to meet the growing need for aircraft parts.
However, difficulty in the recycling of advanced materials used in the manufacturing of new-age aircrafts such as carbon fiber might hinder the market expansion in the coming years. These materials ends-up in the landfill owing to the lack of large-scale recycling solutions.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Aircraft Recycling Market Size in 2020 | USD 4,075.5 Million |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 8.5% |
| 2027 Value Projection | USD 7,467.4 Million |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 100 |
| Tables, Charts & Figures | 106 |
| Segments covered | Product, Aircraft and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
|
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Aircraft Recycling Market Analysis
Narrow-body segment dominated more than 60% of the market share in 2020. Narrow-body aircraft are widely used by various airlines as they carry more passengers in a cost-effective nature. Additionally, a large number of narrow-body aircraft fleets retire every year, creating opportunities for aircraft recyclers to harvest aircraft parts. Airlines are increasingly adopting recycled aircraft parts due to their low cost.
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Engines segment in the aircraft recycling market is projected to witness an 8% growth rate through 2027 led by growing fleet expansion plans of various airliners and aircraft operators mainly in the emerging economies. The use of second-hand aircraft is growing, especially in low-income countries, on account of low cost and easy availability. With few modifications, the aircraft can easily be operated before its disposal. Increasing air travel around the world is further impelling airlines to maintain a healthy fleet size, thereby driving the demand for recycled engines in the industry.
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The North America aircraft recycling market captured 50% of revenue share in 2020 driven by the presence of various major players in the region and the rising demand for MRO for civilian aircraft in the U.S. For instance, in April 2020, Aircraft Solutions USA announced that it will be investing USD 100 million to create a new aircraft recycling center. The growing demand for recycled aircraft parts from various airliners and aircraft operators around the world is further enhancing the market value. Increasing number of ageing aircraft in the region will augment the aircraft recycling activities in the region. In addition, favorable government policies toward aircraft recycling and already established infrastructures that carry the dismantling & recycling of aircraft will influence the market revenue during the forecast period.
Aircraft Recycling Market Share
Market leaders are accepting industry automation and advanced robotics in aircraft dismantling and recycling, increasing the quality and reliability of the products. Various industry participants are improving their recycling capabilities to maintain their competitive edge in the market. Furthermore, various companies are forming joint ventures and strategic partnerships to boost their revenues and increase their geographical presence.
Companies present in the 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
The aircraft recycling market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027 for the following segments
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Market, By Aircraft
- Narrow-body
- Wide-body
- Regional
Market, By Product
- Component
- Engines
- Landing Gear
- Avionics
- Others
- Material
- Aluminum
- Other metals & alloys
- Other materials
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Netherlands
- Turkey
- Asia Pacific
- China
- Japan
- Australia
- Latin America
- Brazil
- Middle East & Africa
- UAE
- UAE
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Market definition
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific
1.2.4 Latin America
1.2.5 Middle East & Africa
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Aircraft recycling industry 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Aircraft trends
2.1.4 Regional trends
Chapter 3 Aircraft Recycling Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Distribution channel analysis
3.2.2 Value chain disruptions due to COVID-19
3.2.3 Vendor matrix
3.3 Overview of aircraft decommissioning
3.4 Cost structure analysis
3.5 Regulatory landscape
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.2 Industry pitfalls & challenges
3.7 Patent analysis
3.8 Future trends
3.9 Growth potential analysis
3.10 Porter's analysis
3.10.1 Buyer power
3.10.2 Supplier power
3.10.3 Industry rivalry
3.10.4 Threat of substitutes
3.10.5 Threat of new entrants
3.11 Competitive landscape, 2020
3.11.1 Top players overview
3.11.2 Strategy dashboard
3.12 PESTEL analysis
Chapter 4 Aircraft Recycling Market, By Product
4.1 Global aircraft recycling market share by product, 2020 & 2027
4.2 Component
4.2.1 Global market estimates and forecasts, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 - 2027
4.2.3 Engines
4.2.3.1 Global market estimates and forecasts, 2017 - 2027
4.2.3.2 Market estimates and forecast, by region, 2017 – 2027
4.2.4 Landing Gear
4.2.4.1 Global market estimates and forecasts, 2017 - 2027
4.2.4.2 Market estimates and forecast, by region, 2017 – 2027
4.2.5 Avionics
4.2.5.1 Global market estimates and forecasts, 2017 - 2027
4.2.5.2 Market estimates and forecast, by region, 2017 – 2027
4.2.6 Others
4.2.6.1 Global market estimates and forecasts, 2017 - 2027
4.2.6.2 Market estimates and forecast, by region, 2017 – 2027
4.3 Material
4.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.3.3 Aluminum
4.3.3.1 Global market estimates and forecast, 2017 – 2027
4.3.3.2 Market estimates and forecast, by region, 2017 – 2027
4.3.4 Other Metals & Alloys
4.3.4.1 Global market estimates and forecast, 2017 – 2027
4.3.4.2 Market estimates and forecast, by region, 2017 – 2027
4.3.5 Other Materials
4.3.5.1 Global market estimates and forecast, 2017 – 2027
4.3.5.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Aircraft Recycling Market, By Aircraft
5.1 Global aircraft recycling market share by aircraft, 2020 & 2027
5.2 Narrow-body
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Wide-body
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Regional
5.4.1 Global market estimates and forecasts, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Aircraft Recycling Market, By Region
6.1 Global product recycling market share by region, 2020 & 2027
6.2 North America
6.2.1 Market estimates and forecast, 2017 - 2027
6.2.2 Market estimates and forecast, by product, 2017 - 2027
6.2.3 Market estimates and forecast, by aircraft, 2017 - 2027
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2017-2027
6.2.4.2 Market estimates and forecast, by product, 2017 - 2027
6.2.4.3 Market estimates and forecast, by aircraft, 2017-2027
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2017-2027
6.2.5.2 Market estimates and forecast, by product, 2017 - 2027
6.2.5.3 Market estimates and forecast, by aircraft, 2017-2027
6.3 Europe
6.3.1 Market estimates and forecast, 2017 - 2027
6.3.2 Market estimates and forecast, by product, 2017 - 2027
6.3.3 Market estimates and forecast, by aircraft, 2017 - 2027
6.3.4 Germany
6.3.4.1 Market estimates and forecast, 2017-2027
6.3.4.2 Market estimates and forecast, by product, 2017 - 2027
6.3.4.3 Market estimates and forecast, by aircraft, 2017-2027
6.3.5 UK
6.3.5.1 Market estimates and forecast, 2017-2027
6.3.5.2 Market estimates and forecast, by product, 2017 - 2027
6.3.5.3 Market estimates and forecast, by aircraft, 2017-2027
6.3.6 France
6.3.6.1 Market estimates and forecast, 2017-2027
6.3.6.2 Market estimates and forecast, by product, 2017 - 2027
6.3.6.3 Market estimates and forecast, by aircraft, 2017-2027
6.3.7 Spain
6.3.7.1 Market estimates and forecast, 2017-2027
6.3.7.2 Market estimates and forecast, by product, 2017 - 2027
6.3.7.3 Market estimates and forecast, by aircraft, 2017-2027
6.3.8 Netherlands
6.3.8.1 Market estimates and forecast, 2017-2027
6.3.8.2 Market estimates and forecast, by product, 2017 - 2027
6.3.8.3 Market estimates and forecast, by aircraft, 2017-2027
6.3.9 Turkey
6.3.9.1 Market estimates and forecast, 2017-2027
6.3.9.2 Market estimates and forecast, by product, 2017 - 2027
6.3.9.3 Market estimates and forecast, by aircraft, 2017-2027
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2017 - 2027
6.4.2 Market estimates and forecast, by product, 2017 - 2027
6.4.3 Market estimates and forecast, by aircraft, 2017 - 2027
6.4.4 China
6.4.4.1 Market estimates and forecast, 2017-2027
6.4.4.2 Market estimates and forecast, by product, 2017 - 2027
6.4.4.3 Market estimates and forecast, by aircraft, 2017-2027
6.4.5 Japan
6.4.5.1 Market estimates and forecast, 2017-2027
6.4.5.2 Market estimates and forecast, by product, 2017 - 2027
6.4.5.3 Market estimates and forecast, by aircraft, 2017-2027
6.4.6 Australia
6.4.6.1 Market estimates and forecast, 2017-2027
6.4.6.2 Market estimates and forecast, by product, 2017 - 2027
6.4.6.3 Market estimates and forecast, by aircraft, 2017-2027
6.5 Latin America (LATAM)
6.5.1 Market estimates and forecast, 2017 - 2027
6.5.2 Market estimates and forecast, by product, 2017 - 2027
6.5.3 Market estimates and forecast, by aircraft, 2017 - 2027
6.5.4 Brazil
6.5.4.1 Market estimates and forecast, 2017-2027
6.5.4.2 Market estimates and forecast, by product, 2017 - 2027
6.5.4.3 Market estimates and forecast, by aircraft, 2017-2027
6.6 Middle East & Africa (MEA)
6.6.1 Market estimates and forecast, 2017 - 2027
6.6.2 Market estimates and forecast, by product, 2017 - 2027
6.6.3 Market estimates and forecast, by aircraft, 2017 - 2027
6.6.4 UAE
6.6.4.1 Market estimates and forecast, 2017-2027
6.6.4.2 Market estimates and forecast, by product, 2017 - 2027
6.6.4.3 Market estimates and forecast, by aircraft, 2017-2027
Chapter 7 Company Profiles
7.1 Aircraft End-of-Life Solutions
7.1.1.1 Business Overview
7.1.1.2 Financial Data
7.1.1.3 Product Landscape
7.1.1.4 Strategic Outlook
7.1.1.5 SWOT Analysis
7.2 Aircraft Part Out Company
7.2.1.1 Business Overview
7.2.1.2 Financial Data
7.2.1.3 Product Landscape
7.2.1.4 Strategic Outlook
7.2.1.5 SWOT Analysis
7.3 Air Salvage International
7.3.1.1 Business Overview
7.3.1.2 Financial Data
7.3.1.3 Product Landscape
7.3.1.4 Strategic Outlook
7.3.1.5 SWOT Analysis
7.4 Apple Aviation
7.4.1.1 Business Overview
7.4.1.2 Financial Data
7.4.1.3 Product Landscape
7.4.1.4 Strategic Outlook
7.4.1.5 SWOT Analysis
7.5 Aviation International Recycling
7.5.1.1 Business Overview
7.5.1.2 Financial Data
7.5.1.3 Product Landscape
7.5.1.4 Strategic Outlook
7.5.1.5 SWOT Analysis
7.6 Tarmac Aerosave
7.6.1.1 Business Overview
7.6.1.2 Financial Data
7.6.1.3 Product Landscape
7.6.1.4 Strategic Outlook
7.6.1.5 SWOT Analysis
7.7 Total Technic
7.7.1.1 Business Overview
7.7.1.2 Financial Data
7.7.1.3 Product Landscape
7.7.1.4 Strategic Outlook
7.7.1.5 SWOT Analysis
7.8 Vallair
7.8.1.1 Business Overview
7.8.1.2 Financial Data
7.8.1.3 Product Landscape
7.8.1.4 Strategic Outlook
7.8.1.5 SWOT Analysis
7.9 ADI – Aircraft Demolition & Recycling
7.9.1.1 Business Overview
7.9.1.2 Financial Data
7.9.1.3 Product Landscape
7.9.1.4 Strategic Outlook
7.9.1.5 SWOT Analysis
7.10 ARC Aerospace Industries
7.10.1.1 Business Overview
7.10.1.2 Financial Data
7.10.1.3 Product Landscape
7.10.1.4 Strategic Outlook
7.10.1.5 SWOT Analysis
7.11 ComAv Technical Services
7.11.1.1 Business Overview
7.11.1.2 Financial Data
7.11.1.3 Product Landscape
7.11.1.4 Strategic Outlook
7.11.1.5 SWOT Analysis
7.12 KLM UK Engineering
7.12.1.1 Business Overview
7.12.1.2 Financial Data
7.12.1.3 Product Landscape
7.12.1.4 Strategic Outlook
7.12.1.5 SWOT Analysis
7.13 Sycamore Aviation
7.13.1.1 Business Overview
7.13.1.2 Financial Data
7.13.1.3 Product Landscape
7.13.1.4 Strategic Outlook
7.13.1.5 SWOT Analysis
7.14 Universal Asset Management Inc.
7.14.1.1 Business Overview
7.14.1.2 Financial Data
7.14.1.3 Product Landscape
7.14.1.4 Strategic Outlook
7.14.1.5 SWOT Analysis
7.15 VAS Aero Services
7.15.1.1 Business Overview
7.15.1.2 Financial Data
7.15.1.3 Product Landscape
7.15.1.4 Strategic Outlook
7.15.1.5 SWOT Analysis