A lesser-known but no less important sector exists in the massive aviation industry, where sleek planes glide through the skies: aircraft recycling. The market for recycled airplanes stands out as a symbol of both economic potential and environmental responsibility as the globe works toward sustainability. This blog post delves into the worldwide aircraft recycling market's dynamics, examining its importance, patterns, difficulties, and potential.
According to BCC Research, The global market for aircraft recycling is expected to grow from $4.7 billion in 2023 and projected to reach $9.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 15.8% during the forecast period of 2023-2028.