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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

  • Report ID: GMI5041
  • Published Date: Apr 2021
  • Report Format: PDF

Aircraft Recycling Market Size

Aircraft Recycling Market size was valued at over USD 4.07 billion in 2020 and is expected to grow at a CAGR of 8.5% from 2021 to 2027. An increase in dismantling and recycling activities in the commercial aircraft industry will create several growth opportunities for the industry.

Aircraft Recycling Market Overview

Aircraft recycling is the process of harvesting materials and parts from end-of-life aircrafts. The process includes scrapping and disassembling the aircraft and re-purpose the components as scrap or spare parts. The first step of aircraft recycling mainly involves dismantling aircraft components, followed by the sorting out of all the materials like aluminum, copper, alloy, etc. from the aircraft. The sorted components and materials are then treated and cleaned to avoid rusting and damage to the critical components of the aircraft.

The growing number of retired and worn-out aircraft is driving the market for aircraft recycling worldwide. According to the Aircraft Fleet Recycling Association, more than 12,000 aircraft can be recycled in the coming years. Reclaiming retired aircraft parts by environmental-friendly techniques and maintaining the value of the recycled materials have become a significant need. Recycled aircraft parts and their applications in different aircraft will further reduce the consumption of natural resources, conserve energy, and aid in landfill allocations. When recycled aircraft components are compared with virgin materials, such as aluminum, steel, copper, titanium, etc., the cost of recycled materials is significantly lower. Moreover, recycling aircraft also reduces soil, air & water contamination and helps in meeting energy demand. Recycling aircraft further provides other benefits such as reducing landfill requirements and consumption of various natural resources.

Rising awareness for aircraft recycling among airliners is fueling the aircraft recycling market growth. The rapidly growing aviation sector in India, China, and Japan is compelling the aviation sector to adopt recycled aircraft parts, which are not only economical but also minimize the environmental impact. Maintenance, Repair, and Overhaul (MRO) providers are investing significantly in recycling aircraft to meet the growing need for aircraft parts.

However, difficulty in the recycling of advanced materials used in the manufacturing of new-age aircrafts such as carbon fiber might hinder the market expansion in the coming years. These materials ends-up in the landfill owing to the lack of large-scale recycling solutions.

Aircraft Recycling Market Analysis

Narrow-body segment dominated more than 60% of the market share in 2020. Narrow-body aircraft are widely used by various airlines as they carry more passengers in a cost-effective nature. Additionally, a large number of narrow-body aircraft fleets retire every year, creating opportunities for aircraft recyclers to harvest aircraft parts. Airlines are increasingly adopting recycled aircraft parts due to their low cost.

Aircraft Recycling Market Size

Engines segment in the aircraft recycling market is projected to witness an 8% growth rate through 2027 led by growing fleet expansion plans of various airliners and aircraft operators mainly in the emerging economies. The use of second-hand aircraft is growing, especially in low-income countries, on account of low cost and easy availability. With few modifications, the aircraft can easily be operated before its disposal. Increasing air travel around the world is further impelling airlines to maintain a healthy fleet size, thereby driving the demand for recycled engines in the industry.

North America Aircraft Recycling Market

The North America aircraft recycling market captured 50% of revenue share in 2020 driven by the presence of various major players in the region and the rising demand for MRO for civilian aircraft in the U.S. For instance, in April 2020, Aircraft Solutions USA announced that it will be investing USD 100 million to create a new aircraft recycling center. The growing demand for recycled aircraft parts from various airliners and aircraft operators around the world is further enhancing the market value. Increasing number of ageing aircraft in the region will augment the aircraft recycling activities in the region. In addition, favorable government policies toward aircraft recycling and already established infrastructures that carry the dismantling & recycling of aircraft will influence the market revenue during the forecast period.

Aircraft Recycling Market Share

Market leaders are accepting industry automation and advanced robotics in aircraft dismantling and recycling, increasing the quality and reliability of the products. Various industry participants are improving their recycling capabilities to maintain their competitive edge in the market. Furthermore, various companies are forming joint ventures and strategic partnerships to boost their revenues and increase their geographical presence.

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

The aircraft recycling market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027 for the following segments:

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Market, By Aircraft

  • Narrow-body
  • Wide-body
  • Regional

Market, By Product

  • Component
    • Engines
    • Landing Gear
    • Avionics
    • Others
  • Material
    • Aluminum
    • Other metals & alloys
    • Other materials

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Netherlands
    • Turkey
  • Asia Pacific
    • China
    • Japan
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • UAE
Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market for aircraft recycling was pegged at more than USD 4.07 billion in 2020 and will grow at a strong CAGR of 8.5% through 2027 with soaring recycling and dismantling activities.

The industry share from the narrow-body segment logged over 60% in 2020 and will thrive due to product’s cost-effective nature.

The market share from the engines segment is forecast to grow at an impressive CAGR of 8% through 2027 owing to rising fleet expansion plans.

North America aircraft recycling market revenue share logged 50% in 2020 and will surge with increasing demand for MRO for civilian aircrafts.

Aircraft Recycling Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 106
  • Countries covered: 13
  • Pages: 100
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