PUNE, India, Oct. 11, 2023 /PRNewswire/ -- Infinium Global Research, a renowned market research firm, has recently published a comprehensive report on the aircraft recycling market, shedding light on the trends, drivers, restraints, and macroeconomic indicators influencing this industry both in the short and long term. The research provides a thorough analysis of segments and sub-segments within the global and regional aircraft recycling markets.
The aircraft recycling market has witnessed substantial growth in recent years, reflecting an industry on the rise. In 2022, it was valued at USD 5.35 billion, and Infinium Global Research's latest findings predict that it will reach a staggering USD 11.28 billion by 2030, boasting a remarkable Compound Annual Growth Rate (CAGR) of 8.59% over the forecast period from 2023 to 2030.
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Meeting the Demand for Aircraft Recycling
The burgeoning aircraft recycling market finds its growth impetus in the escalating number of retired airplanes. As more aircraft reach the end of their operational lives, the demand for recycling services continues to surge. This increased number of retired planes fuels the expansion of the aircraft recycling industry. Additionally, aircraft recycling proves to be economically beneficial due to the recovery of valuable materials and aircraft parts.
Metals such as aluminum, titanium, steel, and other composite materials recovered from retired aircraft are recyclable. Many airlines worldwide are embracing the utilization of these recovered aircraft parts. The recovery and potential reuse of these materials not only contribute to the sustainability of aviation but also enhance the economic viability of aircraft recycling, thus driving market growth.
However, establishing a recycling facility and acquiring the necessary equipment involve significant upfront costs, which may potentially hinder market growth. Nevertheless, the aftermarket for aircraft parts is experiencing rapid growth, presenting lucrative opportunities for the aircraft recycling market.
Geographical Insights
Among the geographical regions, North America is expected to dominate the aircraft recycling market during the projected period. North America boasts one of the world's largest and most established aviation industries, home to numerous major airlines, aircraft manufacturers, and maintenance, repair, and overhaul (MRO) facilities. Consequently, the retirement and decommissioning of aircraft occurs frequently, ensuring a consistent source for aircraft recycling companies. The sheer volume of retired aircraft in North America guarantees a steady demand for recycling services.
Furthermore, Europe is poised to secure a significant share of the aircraft recycling market, primarily due to its stringent environmental regulations. Europe has been at the forefront of implementing strict environmental standards and promoting sustainable aviation practices. As a result, aircraft operators and airlines in Europe are compelled to adopt eco-friendly recycling methods to align with these rigorous environmental standards.
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Market Segmentation
The comprehensive report on the global aircraft recycling market covers various segments:
- Aircraft: Sub-markets include narrow-body, wide-body, and regional aircraft.
- Product: Sub-markets encompass engine components, landing gear, avionics, and others.
- Material: Sub-markets include aluminum and other metals & alloys.
Key Market Players:
The report highlights profiles of companies that are contributing to the dynamic aircraft recycling market. These companies are at the forefront of providing innovative and sustainable solutions for retiring and decommissioning aircraft. The key market players include:
- Aircraft End-of-Life Solutions (AELS)
- TARMAC AEROSAVE
- ecube,inc
- AIR SALVAGE INTERNATIONAL LTD
- Aviation International Recycling
- Vallair
- VIRTUSTRADE RECYCLING AIRPLANES
- ComAv - Commercial Aviation Services
- VAS Aero Services, LLC
- CAVU Aerospace Inc.
The global aircraft recycling market is poised for substantial growth, driven by the increasing number of retired airplanes and the economic viability of recycling valuable materials and aircraft parts.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Aircraft Recycling Market Highlights
2.2. Aircraft Recycling Market Projection
2.3. Aircraft Recycling Market Regional Highlights
Chapter 3. Global Aircraft Recycling Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Aircraft
3.4.2. IGR-Growth Matrix Analysis by Product
3.4.3. IGR-Growth Matrix Analysis by Material
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Aircraft Recycling Market
Chapter 4. Aircraft Recycling Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Aircraft Recycling Market
5.2. Companies Profiles
5.2.1. Aircraft End-of-Life Solutions (AELS) BV
5.2.2. TARMAC Aerosave
5.2.3. ecube
5.2.4. AIR SALVAGE INTERNATIONAL LTD
5.2.5. Aviation International Recycling
5.2.6. Vallair
5.2.7. VIRTUSTRADE
5.2.8. ComAv Technical Services, LLC
5.2.9. VAS Aero Services, LLC
5.2.10. CAVU Aerospace Inc.
Chapter 6. Global Aircraft Recycling Market by Aircraft
6.1. Narrow-body
6.2. Wide-body
6.3. Regional
Chapter 7. Global Aircraft Recycling Market by Product
7.1. Engine Components
7.2. Landing Gear
7.3. Avionics
7.4. Others
Chapter 8. Global Aircraft Recycling Market by Material
8.1. Aluminum
8.2. Other Metals & Alloys
Chapter 9. Global Aircraft Recycling Market by Region 2023-2030
9.1. North America
9.2. Europe
9.3. Asia Pacific
9.4. RoW
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of aircraft recycling.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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