Aircraft Recycling Market size is expected to grow at a CAGR of 8.5% from 2021 to 2027

Aircraft Recycling Market Size
Aircraft Recycling Market size accounted for more than USD 4.07 billion in 2020 and is anticipated to observe a CAGR of 8.5% during the period from 2021 to 2027.

Growth in dismantling and recycling operations within the commercial aviation industry will yield a number of growth opportunities to the industry.

To obtain the key market trends

Aircraft recycling is the activity of recovering materials and components from retired aircrafts. The activity involves scrapping and dismantling the aircraft and re-purpose the components as scrap or spare parts. The initial step of aircraft recycling primarily consists of dismantling aircraft components, followed by the separation of all the materials such as aluminum, copper, alloy, etc. from the aircraft. The sorted materials and parts are subsequently treated and washed to prevent rusting and damaging the aircraft’s critical parts.

With increasing numbers of aircraft reaching the end of their flying careers, there is an increasing need for recycling them. The Aircraft Fleet Recycling Association estimates that over 12,000 aircraft will have to be recycled in the next few years. Recycling aircraft reduces the negative impacts on the environment in numerous ways. It keeps useful materials such as aluminum, steel, copper, and titanium from entering landfills. It conserves energy and materials that would otherwise be required to mine and manufacture new materials. And it prevents pollution by stopping the emission of dangerous chemicals into the atmosphere, water, and ground. An advantage of plane recycling is that it can reduce the price of new aircraft. New materials are always more expensive than recycled ones, so this practice can be financially beneficial to airlines. Plane recycling is a success for both nature and the economy. Recycling outdated planes is eco-friendly and aids in cutting demand for new stuff.

Increasing consciousness for recycling aircraft among airliners is driving the market for aircraft recycling. The fast-expanding aviation market of India, China, and Japan is forcing the aviation industry to deploy recycled aircraft components that are not only cost-effective but also reduce the carbon footprint. Maintenance, Repair, and Overhaul (MRO) service providers are investing heavily in recycling aircraft to support the surging demand for aircraft parts.

But, challenges in recycling advanced materials utilized for the production of new-age aircrafts like carbon fiber can slow down the market growth over the next few years. These materials wind-up in the landfill due to the unavailability 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
Growing awareness for recycling of aircraft
Growing demand for used serviceable materials (USM)
Regulatory support for recycling
Pitfalls & Challenges
Challenge in recycling of high-tech materials
What are the growth opportunities in this market?

Aircraft Recycling Market Analysis
Narrow-body segment held over 60% of the market share in 2020. Narrow-body airplanes are commonly employed by different airlines since they can transport more people in an inexpensive manner. Further, numerous fleets of narrow-body airplanes retire annually, and there is potential for aircraft recyclers to recover aircraft parts. The use of recycled airplane parts by airlines is also on the rise because of its affordability.

Know more about the dominant segments of this market

Engines segment of aircraft recycling industry is expected to experience an 8% growth rate until 2027 driven by increasing fleet growth plans of different airliners and aircraft operators predominantly in the developing economies. Second-hand aircraft utilization is increasing, particularly in low-income nations, due to low price and convenient availability. The aircraft can be operated conveniently with minimal changes before its disposal. Rising global air travel is additionally driving airlines to sustain an active fleet number, hence spurring demand for reused engines within the market.

Find more insights into major segments defining this industry

A massive chunk of the international industry came North American aircraft recycling industry’s way in 2020, making a whopping half of all revenues. This is largely attributed to the big players such as Aircraft Solutions USA in the country and the increased demand for civilian aircraft MRO and maintenance as well as overhauls in the United States. For instance, Aircraft Solutions USA came out in April 2020 stating that they would invest a sweet $100 million in constructing a brand-new aircraft recycling facility. And don’t forget the continually growing demand for recycled airplane parts by airlines and aircraft operators worldwide. That’s just making the market worth more. But there’s more to it than that. As increasingly more airplanes in the region age, the greater will be the requirement to recycle them. Add government initiatives favoring aircraft recycling and strong infrastructure for dismantling and recycling airplanes, and you have a recipe for ongoing market growth in the coming years.

Aircraft Recycling Market Share
Market leaders are embracing industry automation and high-technology robotics in aircraft dismantling and recycling, enhancing the reliability and quality of the products. Different industry players are enhancing their recycling capacities in order to keep their competitive advantage in the marketplace. Additionally, different companies are establishing joint ventures and strategic alliances to enhance their revenues and expand their geographical footprint.

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