According to the research report titled ‘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’, available with MarketStudyReport, aircraft recycling market is anticipated to witness stellar growth through 2027.
 

As per seasoned analysts, the expansion of aircraft recycling market is attributed to rising number of ageing aircrafts, presence of various prominent players, and booming demand for used serviceable materials (USM).

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For the unversed, the process of extracting materials and pieces from end-of-life aircrafts is referred to as airplane recycling. As the airline industry strives to become environment friendly and more financially sustainable, aircraft recycling is one area that addresses both goals.

Moreover, shutting down schedule of several aircrafts in the next two decades, and widespread deployment of reusable materials in the manufacturing of products like computers, TVs, and circuit boards are propelling the industry expansion.

Cognizance of benefits of recycling such as reduced landfill requirements, lesser energy demand, lowered usage of natural resources, and minimal contamination of soil, air, and water are augmenting the market outlook.

In terms of product terrain of worldwide aircraft recycling industry, the landing gears sub-segment is slated to record a CAGR of 8.5% throughout the analysis period, as landing gears have a higher residual value due to a specialized metal, hence can be reused on other aircrafts, once repaired, cleaned, and inspected.

From a regional perspective, Middle East & Africa is anticipated to hold a substantial market share by 2027, owing to proliferating demand for used serviceable materials, and rising number of ageing aircrafts. Whereas North America industry is slated to grow notably over the forecast duration, owing to the presence of prominent players in the region.

Companies influencing the global aircraft recycling industry trends are VAS Aero Services LLC, Universal Asset Management Inc., Sycamore Aviation Recycling Ltd., KLM UK Engineering Limited, ComAv Technical Services LLC, ARC Aerospace Industries LLC, ADI Aircraft Demolition & Recycling, Vallair Solutions, Total Technic Ltd., Tarmac Aerosave SAS, Aviation International Recycling S.L., Apple Aviation, Air Salvage International Ltd., Aircraft Part Out Company (APOC Aviation), and Aircraft End-of-Life Solutions (AELS) B.V.