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Aircraft Recycling Market Trends

Report ID: GMI5041
Published Date: Nov 2024
Report Format: PDF

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Aircraft Recycling Market Trends

Aircraft recycling services are evolving, focusing on sustainability, efficiency, and innovation. Companies now use advanced technologies like automation and robotics to improve dismantling processes, cut costs, and extract valuable materials more precisely. Airlines increasingly seek recycled parts, especially used serviceable materials (USM), as cost-effective and eco-friendly alternatives. The rising number of retired aircraft, due to fleet upgrades and stricter environmental rules, is driving the expansion of recycling facilities and boosting the global market for these services. For instance, Airbus's 2024-43 Global Services Forecast predicts strong growth in aircraft dismantling and recycling. The market is set to expand at a 7.5% annual rate over 20 years, with nearly 19,000 older planes being replaced. This turnover is expected to yield about $52 billion in reusable aircraft parts and materials.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aircraft recycling was valued at USD 5.3 billion in 2024 and is projected to reach USD 13.2 billion by 2034, driven by a CAGR of 9.7% from 2025 to 2034.

Narrow-body aircraft dominated the global market with a revenue of USD 3.2 billion in 2024, driven by their high numbers in short- and medium-haul flights.

North America dominated the aircraft recycling industry in 2024 with a 53.6% share, driven by the U.S. market's focus on sustainability and eco-friendly recycling methods.

Major players in the industry include Aerocycle, Aircraft End-of-Life Solutions, Aircraft Recycling International Limited, Airbus, Apple Aviation, Athens Aeroservices, and Aviation International Recycling SL.