Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.95 Billion | USD 8.62 Billion | 5.70% | 2024 |
FrequentlyAsked Questions
Aircraft refurbishment refers to the complete renovation and modernization of an aircraft’s interiors, exteriors, and systems to extend its operational life, enhance passenger comfort, and ensure compliance with regulatory standards.
The aircraft refurbishing market is expected to be driven by increasing average age of global aircraft fleets, rising focus on passenger experience as a competitive differentiator, growing aircraft leasing activity requiring refurbishment during transitions, evolving safety and environmental regulations, and extended delivery backlogs for new aircraft.
According to our study, the global aircraft refurbishing market was worth around USD 4.95 billion in 2024 and is predicted to grow to around USD 8.62 billion by 2034.
The CAGR value of the aircraft refurbishing market is expected to be around 5.70% during 2025-2034.
The global aircraft refurbishing market will register the highest growth in Asia Pacific during the forecast period.
Key players in the aircraft refurbishing market include Lufthansa Technik, ST Engineering, AAR Corp, SIA Engineering Company, HAECO, Air France Industries KLM E&M, SR Technics, Turkish Technic, Sabreliner Aviation, Zodiac Aerospace (Safran), Collins Aerospace (RTX), Jet Aviation (General Dynamics), Gulfstream Services, Duncan Aviation, West Star Aviation, Flying Colours Corp, StandardAero, Constant Aviation, Aviation Partners Inc, Evergreen Aviation Technologies, AerSale, GDC Technics, FL Technics, MRO Holdings, and MAC Interiors.
The report comprehensively analyzes the aircraft refurbishing market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, sustainability initiatives, and the evolving passenger experience requirements shaping the aviation aftermarket ecosystem.
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