Tools commonly used in the Aircraft Salvage (Wholesale) industry for day-to-day tasks and operations.

• Aircraft jacks
• Hydraulic power units
• Sheet metal tools
• Rivet guns
• Drills
• Grinders
• Welding equipment
• Paint sprayers
• Inspection equipment
• Cutting tools

Common products and services typical of NAICS Code 423930-01, illustrating the main business activities and contributions to the market.

• Aircraft engines
• Avionics equipment
• Landing gear
• Propellers
• Wing assemblies
• Cockpit instruments
• Hydraulic systems
• Electrical components
• Fuel systems
• Cabin interiors

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Federal Aviation Administration (FAA) Aircraft Salvage Dealer License: This license is required for businesses that buy, sell, or broker aircraft salvage. It ensures that the business is knowledgeable about the regulations and safety requirements for handling aircraft salvage. The FAA provides this license.
• Occupational Safety and Health Administration (OSHA) Hazardous Waste Operations and Emergency Response (HAZWOPER) Certification: This certification is required for employees who handle hazardous waste. It ensures that employees are trained to handle hazardous waste safely and in compliance with OSHA regulations. OSHA provides this certification.
• Environmental Protection Agency (EPA) Hazardous Waste Generator ID Number: This ID number is required for businesses that generate hazardous waste. It ensures that the business is in compliance with EPA regulations for the handling, storage, and disposal of hazardous waste. The EPA provides this ID number.
• International Air Transport Association (IATA) Dangerous Goods Regulations (DGR) Certification: This certification is required for businesses that transport dangerous goods by air. It ensures that the business is knowledgeable about the regulations and safety requirements for handling dangerous goods. IATA provides this certification.
• National Fire Protection Association (NFPA) 410 Standard for Aircraft Maintenance: This standard provides guidelines for the safe maintenance of aircraft. It ensures that businesses are knowledgeable about the regulations and safety requirements for aircraft maintenance. The NFPA provides this standard.

A concise historical narrative of NAICS Code 423930-01 covering global milestones and recent developments within the United States.

• The Aircraft Salvage (Wholesale) industry has a long history dating back to the early 20th century. During World War I, the industry emerged as a way to recover and reuse damaged aircraft parts. The industry continued to grow during World War II, as the demand for aircraft parts increased. In the post-war period, the industry shifted its focus to commercial aircraft, and the demand for salvage parts continued to grow. In recent years, the industry has faced challenges due to the increasing use of composite materials in aircraft construction, which are more difficult to salvage and recycle. However, the industry has adapted to these changes and continues to play an important role in the aviation industry. In the United States, the Aircraft Salvage (Wholesale) industry has a more recent history. The industry emerged in the 1970s as a way to recover and recycle aircraft parts. In the 1980s, the industry experienced significant growth due to the increasing demand for aircraft parts and the development of new technologies for salvaging and recycling parts. In the 1990s, the industry faced challenges due to the increasing use of composite materials in aircraft construction. However, the industry has adapted to these changes and continues to play an important role in the aviation industry.

The anticipated future trajectory of the NAICS 423930-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Aircraft Salvage (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for aircraft parts and the rising number of aircraft retirements. The industry is also expected to benefit from the growing trend of sustainable aviation, which is driving the demand for recycled aircraft parts. Additionally, the increasing use of drones and other unmanned aerial vehicles is expected to create new opportunities for the industry. However, the industry may face challenges such as the high cost of acquiring and storing aircraft parts, as well as the increasing competition from other salvage industries. Overall, the industry is expected to experience steady growth in the coming years.

Recent groundbreaking advancements and milestones in the Aircraft Salvage (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Use Of Advanced Technologies for Aircraft Dismantling: The industry is adopting advanced technologies such as robotics and automation to improve the efficiency and safety of aircraft dismantling. These technologies enable the industry to dismantle aircraft more quickly and safely, reducing the risk of accidents and injuries.
• Development Of New Recycling Techniques: The industry is developing new recycling techniques to extract more value from aircraft parts. For example, some companies are using chemical processes to extract valuable metals from aircraft parts, while others are using 3D printing to create new parts from recycled materials.
• Expansion Of Global Market: The industry is expanding its global market by exporting aircraft parts to other countries. This is driven by the increasing demand for aircraft parts in emerging markets such as China and India, as well as the growing trend of sustainable aviation.
• Collaboration with Airlines and Manufacturers: The industry is collaborating with airlines and aircraft manufacturers to improve the efficiency and sustainability of aircraft dismantling. For example, some airlines are partnering with salvage companies to recycle their retired aircraft, while some manufacturers are designing aircraft with easier-to-dismantle parts.
• Adoption Of Sustainable Practices: The industry is adopting sustainable practices such as reducing waste and emissions, and using renewable energy sources. This is driven by the increasing demand for sustainable aviation and the need to comply with environmental regulations.