According to a market report by Lucintel, the future of the global aircraft recycling market looks promising with opportunities in the narrow-body aircraft and wide-body aircraft markets. The global aircraft recycling market is expected to reach an estimated $6.3 billion by 2030 from $4.0 billion in 2023, at a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are increasing number of retired aircraft, rise in development of new recycling methods, and growing environmental concerns.
A more than 150-page report to understand trends, opportunity and forecast in aircraft recycling market to 2030 by component (engines, landing gear, avionics, and others), material (aluminum, other metals, and alloys), aircraft (narrow-body aircraft and wide-body aircraft), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that engine is expected to witness the highest growth over the forecast period due to expanding fleet expansion strategies of different airlines and aircraft operators.
Within this market, narrow-body aircraft will remain the larger segment due its increasing adoption by various airlines as they can carry more passengers at a lower cost.
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North America will remain the largest region over the forecast period due to increasing favorable laws pertaining to the recycling of aircraft and pre-existing infrastructures that handle the disassembly and recycling of aircraft.
Aircraft End-of-Life Solutions, Aircraft Part Out, Air Salvage, Apple Aviation, Tarmac Aerosave, Total Technic, Vallair, ADI, ARC Aerospace Industries, ComAv Technical Services are the major suppliers in the aircraft recycling market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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