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Aircraft Refurbishing Market Projected to Reach $9 Billion by 2030

Aircraft Refurbishing Market Projected to Reach $9 Billion by 2030
The global aircraft refurbishing market is anticipated to reach a valuation of $9 billion by 2030, propelled by increasing passenger traffic, technological innovations, and ongoing efforts to modernize fleets. According to the "Aircraft Refurbishing Market Report 2026" published by ResearchAndMarkets.com, the market is expected to grow from $6.65 billion in 2025 to $7.08 billion in 2026, reflecting a compound annual growth rate (CAGR) of 6.5%. This upward trajectory is projected to continue through 2030, with a sustained CAGR of 6.2%.
Drivers of Market Growth
The expansion of the aircraft refurbishing sector is largely driven by rising demand for upgraded cabin interiors, comprehensive engine and airframe refurbishments aimed at extending aircraft operational life, and the integration of lightweight, advanced materials in modern designs. Airlines and operators are increasingly investing in refurbishment projects to enhance passenger comfort and improve aircraft resale value. A notable example is Air India’s $400 million refurbishment initiative launched in September 2024, which introduced next-generation seating and advanced inflight entertainment systems across its widebody fleet. Such initiatives underscore a strategic shift towards refurbishing existing aircraft as a cost-effective and sustainable alternative to new acquisitions.
Broader industry trends also play a significant role in shaping refurbishment strategies. The adoption of modern cabin designs, the use of lightweight materials, and the expansion of Maintenance, Repair, and Overhaul (MRO) facilities are key factors influencing market dynamics. Passenger growth remains a critical driver; Eurostat reported an 11.5% increase in air passengers within the European Union during the first quarter of 2024 compared to the previous year, highlighting the correlation between rising traffic volumes and refurbishment demand.
Challenges and Industry Response
Despite positive growth prospects, the aircraft refurbishing market faces several challenges. Supply chain disruptions and geopolitical tensions, including global trade disputes and tariffs, have increased costs for refurbishment components and encouraged a shift towards localized manufacturing. Leading aircraft manufacturers such as Airbus and Boeing continue to contend with these supply chain issues, which have affected both aircraft and engine production since the onset of the COVID-19 pandemic. The competitive landscape is further complicated by developments such as the Royal Australian Air Force’s divestment of eight heritage aircraft and ongoing production rate adjustments at major planemakers.
Nevertheless, industry leaders remain optimistic, particularly regarding growth opportunities in the Asia-Pacific region. The market’s resilience is evident as companies adapt to short-term disruptions while pursuing long-term expansion strategies. Strategic acquisitions, such as Flexjet’s purchase of Constant Aviation in February 2023, are enhancing maintenance capabilities and expanding business aviation services to meet increasing refurbishment demands.
Regional and Market Outlook
Key players in the aircraft refurbishing market include Autotrade Aviation, Duncan Aviation, and Gulfstream Aerospace, among others. North America led the market in 2025, with significant activity also recorded in the Asia-Pacific and Western European regions. As airlines and operators continue to modernize their fleets and improve passenger experience, the aircraft refurbishing market is positioned for sustained growth amid a complex and evolving global environment.

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