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What is the Growth Potential of the Aircraft Recycling Market, and How Will It Perform by 2034?

The sustained growth of the aircraft recycling market size has been noticeable in the past few years. This market that is valued at $5.03 billion in 2024 is estimated to expand up to $5.43 billion in 2025. The estimated compound annual growth rate (CAGR) is 7.9%. The growth during the historical period emerged due to various reasons such as fleet retirement and replacement, implementation of environmental regulations and sustainability goals, the inception of a circular economy, increasing scrap value of aircraft parts, and strategies aimed at reducing airline costs.

A significant rise is anticipated in the aircraft recycling market size over the coming years, reaching a value of $7.33 billion by 2029, with an annual growth rate of 7.8%. This predicted growth for the forecast period can be tied to factors such as the expansion of fleet size and renewal cycles, the establishment of regulatory support and standards, the emergence of sustainable aviation programs, the market’s demand for recycled materials, and heightened public awareness about environmental consequences. Foreseeable trends for the forecast period incorporate progress in recycling technologies, strategic partnerships and collaborations, advancements in aircraft design technology, a global emphasis on eco-friendly technologies, and innovative technological developments in recycling procedures.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the aircraft recycling Market?

The proliferation of outdated and decommissioned aircraft is anticipated to enhance the development of the aerospace recycling market. Aircraft that have exhausted their lifespan or become too costly to keep and run are deemed outdated or decommissioned. The most profitable elements, such as engines and parts, can be repurposed through recycling, contributing to the financial viability of such operations. For example, the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations based in Canada, calculated that roughly 600–1000 commercial aircraft retire globally every year. According to projections by ICAO and Airbus, by 2040, there may be 15,000 decommissioned aircraft. Hence, the surge in outdated and decommissioned aircraft is fuelling the expansion of the aircraft recycling market.

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Who Are the Major Companies Shaping the Competitive Landscape of the Aircraft Recycling Market?

Major companies operating in the aircraft recycling market include:

• Aircraft Solutions USA_x000D_

• AELS (Aircraft End-of-Life Solutions)_x000D_

• Aviation International Recycling LLC_x000D_

• Bartin Aero Recycling_x000D_

• CAVU Aerospace_x000D_

What Are the Key Emerging Trends in the Aircraft Recycling Market for the Next Decade?

The rising popularity of sustainable aircraft recycling services is a notable trend in the aircraft recycling market. Prominent companies in this market are devising sustainable aircraft recycling services as a strategy to solidify their market presence. For example, Airbus, an aerospace company based in France, entered into a Memorandum Of Understanding (MOU) with the city of Chengdu and Tarmac Aerosave, another French aerospace company, in January 2022. This agreement facilitates various services like aircraft parking, maintenance, storage, conversions, upgrades, recycling services, and dismantling for a diverse range of aircraft. They aimed to establish a sustainable aircraft lifecycle service center in China.

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Which Growth-Oriented Segments of the Aircraft Recycling Market Are Leading the Industry’s Development?

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

Which Regions Are Making a Mark in the Aircraft Recycling Market Growth?

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.

How Is the Aircraft Recycling Market Categorized and Defined in the Industry?

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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