What Are the Market Size and Growth Projections for the Global Aircraft Refurbishing Market?
The aircraft refurbishing market size has shown considerable growth in recent years, moving from $6.26 billion in 2024 to $6.7 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. This growth during the historical period can be attributed to factors such as aging aircraft fleets, retrofitting for regulatory compliance, advancements in avionics, cabin comfort and passenger experience, fuel efficiency improvements, and rising air travel demand.
In the years to come, the aircraft refurbishing market size is projected to see strong growth, expected to reach $8.71 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period is anticipated due to demand for sustainable practices, the integration of connectivity solutions, the adoption of new seating configurations, enhanced safety features, economic factors, and cost-effective solutions. Major trends include digitalization of cockpit and cabin, integration of sustainable materials, adoption of advanced cabin technologies, and customization and personalization.
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What’s Driving Market Growth in the Aircraft Refurbishing Sector?
Increasing air passenger traffic is expected to propel the growth of the aircraft refurbishing market going forward. Air passenger traffic entails both domestic and international flight passengers of air carriers based in a country. Aircraft refurbishing is crucial to maintaining operational capability and safety, increasing the demand for the aircraft refurbishing market proportionally with rising air passenger traffic.
Which Segments Are Covered In The Aircraft Refurbishing Market Report?
The aircraft refurbishing market is segmented as follows:
1) By Aircraft Type: Very Light Aircraft, Wide Body Aircraft, Narrow Body Aircraft, Large Body Aircraft, VIP Aircraft
2) By Fitting Type: Retrofit, IFEC (In-flight Entertainment & Connectivity), Passenger Seats
3) By Refurbishing Service: Interior, Exterior
4) By End User: Government, Commercial
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Who Are Major Players Operating in The Aircraft Refurbishing Market?
Major companies operating in the aircraft refurbishing market include Autotrade Aviation Private Limited, Diehl Stiftung & Co KG, Duncan Aviation Inc., Gulfstream Aerospace Corporation, Hong Kong Aircraft Engineering Company Limited, Jamco America Inc., Jet Aviation AG, MAC Aero Interiors Ltd., Rose Aircraft Services Inc., Intech Aerospace Inc., Greenpoint Technologies LLC, Nextant Aerospace Inc., The Boeing Company, Bombardier Inc., Pemco Conversions Inc., Lufthansa Technik AG, Singapore Technologies Engineering Ltd, AAR Corp., SR Technics Switzerland Ltd, Dassault Falcon Jet Corporation, RUAG Holding AG, HAECO Group, Comlux Aviation Services LLC, Flying Colours Corporation, StandardAero Inc., Textron Aviation Inc., Deer Jet Co Ltd., Constant Aviation LLC, JCB Aerospace LLC, JET MS LLC, VIP Completions Ltd., Associated Air Center, Basel Aero AG, SIA Engineering Company, Jet Support Services Inc., AMAC Aerospace Inc., Elliott Aviation, Midcoast Aviation Inc., West Star Aviation Inc.
What Emerging Trends Are Shaping the Aircraft Refurbishing Market?
Investments in the refurbishment of the aircraft fleet interiors are the key trend gaining popularity in the aircraft refurbishing market. Major companies are undertaking refurbishments of aircraft to improve their positioning. For instance, in August 2022, the UAE-based airline Emirates, invested $2 billion in refurbishing their aircraft fleet interiors. This move was geared towards upgrading cabin interiors across all classes and enhancing in-flight customer experiences.
What Does Regional Analysis Say About the Aircraft Refurbishing Market?
In 2024, North America was the largest region in the aircraft refurbishing market. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Aircraft Refurbishing Global Market Report 2025 Offer?
Aircraft refurbishing is a process involving the replacement and maintenance of an aircraft that includes the examination, overhaul, flaw correction, and other adjustments. The Aircraft Refurbishing Global Market Report 2025 research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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