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stanley_imarc
stanley_imarc
18 Dec 2024 10:32

Global Aircraft Refurbishing Market Statistics: USD 47.4 Billion Value by 2033

  • The global aircraft refurbishing market size reached USD 33.5 Billion in 2024.
  • The market is expected to reach USD 47.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.72% during 2025-2033.
  • North America exhibits a clear dominance in the market, accounting for the largest aircraft refurbishing market share.
  • Interior holds the biggest market share due to the increasing need for enhanced comfort among travelers.
  • Narrow body aircraft accounts for the largest market share, driven by its widespread use in short and medium-haul routes.
  • As aircraft age, they inevitably face wear and tear, necessitating refurbishments to ensure they remain competitive.
  • Aviation is a highly regulated industry with stringent safety, environmental, and operational standards.

Industry Trends and Drivers:

  • Aging Fleet:

As planes get older, they require repairs to remain competitive. Airlines often have older models that are inferior in terms of efficiency, safety and comfort. Repairing these planes helps airlines keep them longer and avoid buying new planes. Upgrades can include structural improvements, new interiors or updated technology. This improves performance and makes older planes look like new, ensuring a consistent fleet.

  • Technological Advancements:

The demand for advanced technologies in aircraft is fueling the market growth. Airlines can upgrade older planes with new materials, engines, avionics, and entertainment systems. This makes them more efficient and attractive to passengers. Lighter-weight materials reduce weight and save fuel. Upgrading avionics improves navigation and safety. New cabin technology enhances comfort and connectivity. These upgrades are important for airlines to remain competitive. They provide better services and greater efficiency.

  • Regulatory Compliance:

Aviation is strictly regulated, with a focus on safety, environment, and operations. As regulations change, older aircraft require updates for noise, emissions, and safety. Refurbishing aircraft is a cost-effective solution. Adding engines can meet emissions standards. Upgrading structures and avionics ensures safety. Compliance is important for legal operations and reputation. It allows airlines to fly in different regions. Refurbishing can avoid the high cost of new aircraft.

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Aircraft Refurbishing Market Report Segmentation:

By Type:
  • Commercial Aircraft Cabin
  • VIP Cabin Refurbishment
  • Passenger to Freighter
Commercial aircraft cabin represents the largest segment, which can be attributed to the rising focus on enhancing the passenger experience to maintain a competitive edge.

By Refurbishing Service:
Aircraft Refurbishing Market Segments by Refurbishing Service
  • Interior
  • Exterior
Interior holds the biggest market share due to the increasing need for enhanced comfort among travelers.

By Aircraft Type:
  • Very Light Aircraft
  • Wide Body Aircraft
  • Narrow Body Aircraft
  • Large Body Aircraft
  • VIP Aircraft
Narrow body aircraft accounts for the largest market share, driven by its widespread use in short and medium-haul routes.

Regional Insights:
  • North America (the United States and Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others)
  • Europe (Germany, France, the United Kingdom, Italy, Spain, and others)
  • Latin America (Brazil, Mexico, and others)
  • Middle East and Africa.
North America enjoys a leading position in the aircraft refurbishing market on account of the presence of advanced aviation infrastructure.

Top Aircraft Refurbishing Market Leaders:

The aircraft refurbishing market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

Aircraft Refurbishing Market Key Players

 

  • Air France–KLM SA
  • Ascent Aviation Services
  • Diehl Stiftung & Co. KG (Diehl Verwaltungs-Stiftung)
  • Gulfstream Aerospace Corporation (General Dynamics Corporation)
  • Hong Kong Aircraft Engineering Company Limited
  • InTech Aerospace
  • Jamco America Inc. (JAMCO Corporation)
  • Lufthansa Technik AG (Deutsche Lufthansa AG)
  • Nextant Aerospace
  • Rose Aircraft Services
  • Safran SA
  • SIA Engineering Co. Ltd. (Singapore Airlines)

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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