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Aircraft Recycling Market Trends

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Report ID: 4098
Published Date: Aug 16, 2024
Report Format: PDF, PPT

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Aircraft Recycling Market Trends

Growth Drivers

Significant Utilization of Expensive Materials and Components
Growing Manufacturing of Commercial Aircraft
Sustainable Recycling of Aircraft
Raising Awareness of Green Aviation

Challenges

Lack of Requisite Technology and Knowledge
Requirement of High Initial Investment

Aircraft Recycling Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.8%
Base Year Market Size (2023)	USD 4.55 billion
Forecast Year Market Size (2036)	USD 13.62 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Aircraft Recycling Market Size & Share, Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 4098
Published Date: Aug 16, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of aircraft recycling is estimated at USD 4.87 billion.

Aircraft Recycling Market size was valued at USD 4.55 billion in 2023 and is likely to reach USD 13.62 billion by 2036, expanding at around 8.8% CAGR during the forecast period i.e., between 2024-2036. Growing utilization of expensive materials and components, and increasing manufacturing of commercial aircraft will impel the market growth.

North America industry is estimated to account for largest revenue share by 2036, on the back of growing requirements for MRO of aircraft and the presence of major manufacturers of aircraft and their components in the region.

The major players in the market are AerSale Inc., CAVU Aerospace Inc., BAE Systems plc, Lockheed Martin Corporation, Air Salvage International Limited, HVF West LLC., Adherent Technologies, Inc., and Airbus S.A.S.

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