Aircraft Recycling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Aircraft (Narrow-body, Wide-body); Component (Engines, Landing Gear, Avionics); Material (Aluminum, Other Metals, Alloys) and Geography
Report Code: TIPRE00023221
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
The method of extracting materials and parts from end-of-life aircrafts is known as aircraft recycling. Scrapping and disassembling the aircraft, as well as repurposing the components as scrap or spare parts, are all part of the operation. The dismantling of aircraft parts is the first step in aircraft recycling, followed by the processing of all materials such as aluminum, copper, alloy, and other materials 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. Furthermore, recycling aircraft helps meet energy demand while also reducing soil, air, and water pollution. Recycling aircraft also has other advantages, such as lowering landfill requirements and reducing the use of different natural resources.
The "Global Aircraft Recycling Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft recycling market with detailed market segmentation by aircraft, component, material and geography. The report provides key statistics on the market status of the leading aircraft recycling market players and offers key trends and opportunities in the market.
Based on aircraft, the global aircraft recycling market is segmented into narrow-body, wide-body
On the basis of component, the market is segmented into engines, landing gear, avionics
Based on material, the market is bifurcated into aluminum, other metals, alloys
MARKET DYNAMICS Drivers
The aircraft recycling market is growing as airline passengers become more aware of the importance of recycling their planes. The rapidly the aviation industries in India, China, and Japan are forcing the industry to implement recycled aircraft components, which are not only cost-effective but also have a low environmental impact. To meet the rising demand for aircraft parts, maintenance, repair, and overhaul (MRO) companies are investing heavily in aircraft recycling. However, the difficulty in recycling advanced materials used in the manufacture of new-generation aircrafts, such as carbon fiber, could limit market growth in the coming years
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft recycling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forcesanalysishighlighting factors affecting the aircraft recycling market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT RECYCLING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the aircraft recycling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft recycling market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft recycling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
AIR SALVAGE INTERNATIONAL LTD
Aircraft End-of-Life Solutions
Aircraft Part-Out Company Europe B.V.
ARC Technology Solutions
Aviation International Recycling
Aircraft Demolition and Recycling
Commercial Aviation Services
KLM uk engineering
Total Technic Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. AIR SALVAGE INTERNATIONAL LTD
2. Aircraft End-of-Life Solutions
3. Aircraft Part-Out Company Europe B.V.
4. ARC Technology Solutions
5. Aviation International Recycling
6. Aircraft Demolition and Recycling
7. ComAv - Commercial Aviation Services
8. KLM uk engineering
9. Total Technic Ltd.
10. Tarmac Aerosave.