What are the Historical Developments and Current Growth Metrics of the Aircraft Recycling Market?
The aircraft recycling market has seen considerable growth due to a variety of factors.
• The size of the aircraft recycling market has witnessed a considerable surge in recent times. Its value is projected to rise from $5.03 billion in 2024 to $5.43 billion in 2025, sustaining a compound annual growth rate (CAGR) of 7.9%.
This growth during the historical period can be credited to factors like retirement and replacement of fleets, environmental regulations and sustainability targets, initiatives for the circular economy, escalating scrap value of aircraft parts, and strategies to reduce costs by airlines.
What are the Market Size and Expected Growth Rates for the Aircraft Recycling Market?
The aircraft recycling market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions indicate a robust expansion in the aircraft recycling market in the coming years, with an expected increase to $7.33 billion in 2029, observing a compound annual growth rate (CAGR) of 7.8%.
Factors such as a burgeoning fleet size and renewal cycles, state-supported regulations and standards, emergence of sustainable aviation projects, demand for recycled materials in the market, and growing public knowledge about environmental impact are contributing to the growth during the forecast period. Noteworthy trends during this period also encompass progress in recycling technologies, tactical alliances and collaborations, technological progress in aircraft design, worldwide emphasis on eco-friendly technologies, and technological breakthroughs in recycling methodologies.
What Are The Core Factors Supporting Growth In Aircraft Recycling Market?
The projected growth of the aerospace recycling market is influenced by the rising number of retired and aged aircrafts. These are aircrafts that have either completed their lifespan or are no longer cost-effective to keep functioning. One key benefit of recycling is it enables valuable parts such as engines to be reused. This boosts the profitability of such operations. The International Civil Aviation Organization (ICAO), a United Nation's specialized agency headquartered in Canada, has estimated that 600–1000 commercial aircraft are retired globally each year. Both ICAO and Airbus forecast a total of 15,000 retired aircraft by 2040. Consequently, the surge in retired and worn-out aircraft is fuelling the expansion of the aircraft recycling market.
How Is The Globa Aircraft Recycling Market Divided Into Key Segments?
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
Pre-Book The Aircraft Recycling Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Aircraft Recycling Market?
Key market players in the aircraft recycling sector are increasingly focusing on sustainable aircraft recycling services. This trend is a strategic move to solidify their market standing. For example, Airbus, an aerospace company based in France, cemented a Memorandum of Understanding (MOU) with Tarmac Aerosave, another France-based aerospace firm, and the city of Chengdu. Announced in January 2022, the agreement establishes a sustainable aircraft lifecycle service center in China. The center will offer a variety of facilities including aircraft parking, maintenance, storage, conversions, upgrades, recycling services, and dismantling for diverse aircraft types.
Who Are the Key Players 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 are the Regional Insights into 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.
