Aircraft Recycling Market Segmentation:
Component Segment Analysis
The engine segment is poised to account for the largest revenue share of 74.6% in the aircraft recycling market by the end of 2035, owing to high residual value of engines, which constitutes more than 75% of the total value of an aircraft. Moreover, the rising demand for scalable and cost-effective MRO solutions has led to an uptick in the refurbishment of aircraft engines. Opportunities are set to be rife in the emerging economies where the labor costs are comparatively lower and the adoption of used serviceable materials (USM) is prevalent. Another key factor supporting growth is the continuous advancements in engines, which require the upgrade and retrofitting of outdated models.
Material Segment Analysis
The aluminum segment in aircraft recycling market is estimated to exhibit robust growth during the forecast timeline. The high recoverability rate, exceeding 85%, makes aluminum a vital material in end-of-life aircraft dismantling. Moreover, aluminum is cost-effective in the recycling process and can be used in multiple sectors such as aerospace, automotive, and construction. Furthermore, as of 2024, a retired aircraft yields more than 60-80 tons of recyclable aluminum, and with over 16,000 aircraft expected to retire globally by the end of 2040, the calls for this material are predicted to rise exponentially. Key investment areas include aluminum recovery solutions for the near future.
Our in-depth analysis of the global market includes the following segments:
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