Press release
2025 Aircraft Refurbishing Industry Trends Report: Long-Term Outlook Through 2034
Aircraft Refurbishing
How Large Will the Aircraft Refurbishing Market Size By 2025?
In recent times, the aircraft refurbishing market has seen robust growth. An expansion from $6.26 billion in 2024 to $6.7 billion in 2025 is projected, reflecting a compound annual growth rate (CAGR) of 7.0%. The earlier growth trajectory can be traced back to factors such as the aging of aircraft fleets, retrofitting for regulatory adherence, advancements in avionics, an enhanced focus on cabin comfort and passenger experience, strides made in fuel efficiency, and an increase in the demand for air travel.
How Big Is the Aircraft Refurbishing Market Size Expected to Grow by 2029?
In the coming years, the aircraft refurbishing market is projected to experience substantial growth, expanding to a value of "$8.71 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this predicted growth include the demand for eco-friendly initiatives, the implementation of connectivity solutions, the introduction of novel seating arrangements, improved safety measures, economic variables, and affordable solutions. Key trends expected during this forecast period are the digital transformation of the cockpit and cabin, the use of sustainable materials, the introduction of advanced cabin technologies, increased customization and personalization, and digitization in the design and planning process.
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Which Key Market Drivers Powering Aircraft Refurbishing Market Expansion and Growth?
The augmentation in the number of air passengers is anticipated to spur the expansion of the aircraft refurbishing market. Air passenger traffic is a measurement that includes both onshore and offshore flyers of the carriers registered within the nation. Refurbishing activities in aerospace are crucial to retain the comprehensive operability and safety of the aircraft for the crew, passengers, and maintenance personnel, accordingly, a surge in air passenger traffic amplifies the necessity for aircraft refurbishment. To illustrate, per the data from the Eurostat, a Luxembourg-based statistical institution, the European Union reported 198 million flyers during the first quarter of 2024, which is an 11.5% escalation from the same time span in 2023. Consequently, the swell in air passenger traffic fuels the growth of the aircraft refurbishing market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aircraft Refurbishing Market?
The trend of investing in the renovation of aircraft fleet interiors is becoming increasingly popular in the aircraft refurbishing market. Several leading companies in this industry are opting for refurbishment to solidify their stance. For instance, Emirates, an airline company based in UAE, put $2 billion into the renovation of its aircraft fleet interiors in August 2022. This significant investment is aimed at enhancing both the interiors of all cabin classes and the inflight experience of their customers.
What Are the Emerging Segments in the Aircraft Refurbishing Market?
The aircraft refurbishing market covered in this report is segmented -
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
Subsegments:
1) By Very Light Aircraft: Single-Engine Very Light Aircraft, Multi-Engine Very Light Aircraft
2) By Wide Body Aircraft: Boeing 747, Airbus A350, Boeing 777
3) By Narrow Body Aircraft: Boeing 737, Airbus A320, Embraer E-Jet Series
4) By Large Body Aircraft: Boeing 767, Airbus A330, Boeing 787
5) By VIP Aircraft: Business Jets, Executive Airliners, Private Helicopters
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Who Are the Global Leaders 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 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.
Which are the Top Profitable Regional Markets for the Aircraft Refurbishing Industry?
North America was the largest region in the aircraft refurbishing market in 2024. The regions covered in the aircraft refurbishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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