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Growing Global Aircraft Refurbishing Market: Immersive Analysis on Market Size, Key Players, Trends and Future Outlook
Aircraft Refurbishing Market Size
• The aircraft refurbishing market showed strong growth in recent years, growing from $6.26 billion in 2024 to $6.7 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.
• This growth 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.
• The aircraft refurbishing market is projected to see continual growth, reaching $8.71 billion in 2029, with a CAGR of 6.8%.
• This growth is anticipated to be driven by sustainable practices, connectivity solutions, new seating configurations, enhanced safety features, economic factors, and cost-effective solutions.
What Is Driving The Growth In The Aircraft Refurbishing Market?
Rising air passenger traffic is expected to fuel the growth of the aircraft refurbishing market. The increase in air passenger traffic enhances the demand for aircraft refurbishing as it ensures full operational capability and safety of the aircraft for its crew, passengers, and other staff. For instance, according to the Statistical Office of the European Union (Eurostat), there was an increase of 11.5% in air passengers in the European Union in the first quarter of 2024 as compared to the same period in 2023. Thus, the spike in air passenger traffic acts as a major driver for the aircraft refurbishing market.
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Who Are the Key Players Driving Aircraft Refurbishing Market Growth?
• 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 Inc.
• 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 Are The Key Trends In The Aircraft Refurbishing Market?
• Digitalization of Cockpit and Cabin
• Integration of Sustainable Materials
• Adoption of Advanced Cabin Technologies
• Customization and Personalization
• Digitalization in Design and Planning
What Are The Segments Of The Global Aircraft Refurbishing Market?
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
Which Region Leads The Aircraft Refurbishing Market?
North America held the highest share in the aircraft refurbishing market in 2024. The prominent regions covered in the aircraft refurbishing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Refurbishing Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Refurbishing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Refurbishing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Refurbishing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Refurbishing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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