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Aircraft Refurbishing Market
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Aircraft Refurbishing Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2301005, Published - December 2024

Segmented in Refurbishing Type (Interior Refurbishment, Exterior Refurbishment), Refurbishment Nature (Full Refurbishment, Partial Refurbishment), Aircraft Size, Client Type and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Aircraft Refurbishing Market Outlook

Refurbishing airplanes holds promise, for reshaping the aviation sector in a groundbreaking way by focusing on enhancing the longevity and efficiency of current aircraft rather than rushing into acquiring new ones. The market, for Aircraft refurbishing was estimated at $6.1 billion in 2024. It is anticipated to increase to $9.4 billion by 2030 with projections indicating a growth to around $13.4 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.4% over the forecast period.


The Aircraft Refurbishing market provides eco budget friendly options for a range of customers – from private jet owners to commercial airlines – through services like interior cabin upgrades and repairs, to the structure and systems of aircraft.


Market Size Forecast & Key Insights

2019
$6.1B2024
2029
$12.5B2034

Absolute Growth Opportunity = $6.4B

The Aircraft Refurbishing market is projected to grow from $6.1 billion in 2024 to $12.5 billion in 2034. This represents a CAGR of 7.4%, reflecting rising demand across Cabin Reconfiguration, Exterior Refurbishing and Avionics Upgrade.

The Aircraft Refurbishing market is set to add $6.4 billion between 2024 and 2034, with service providers targeting Partial Refurbishment & undefined Refurbishment Nature projected to gain a larger market share.

With Demand for advanced cabin interior products, and Increase in air travel, Aircraft Refurbishing market to expand 104% between 2024 and 2034.

Opportunities in the Aircraft Refurbishing Market

Expanding into Luxury Segment

Luxury tourism is becoming more popular these days with an increasing desire for customized jets that exude luxury and sophistication. People are ready to shell out money for aircraft renovations that feature meticulously designed interiors, state of the art amenities and unique designs creating new avenues, for top tier airplane refurbishment services.

Sustainable Aircraft Refurbishing and Technological Innovations

With the rising awareness about climate change comes a push for sustainable practices across all sectors. Aviation included! Refurbishing airplanes has emerged as a strategy to cut down waste by giving old planes new life instead of relying solely on fresh materials for new aircraft construction. Moreover technology innovations are revolutionizing the refurbishment process to be eco friendly thus fuelimg a surge in the demand, for sustainable aircraft refurbishment services.

In todays world where digital advancementsre reshaping various sectors is a vast opportunity to integrate state of the art technology into the renovation of aircraft systems. The progress, in AI (Artificial Intelligence) VR (Virtual Reality) and IoT (Internet of Things) has the potential to transform the way inspections are carried out repair processes are conducted and designs are developed in the aviation industry. These technological upgrades have the capability to boost productivity and cut down expenses significantly.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's aircraft refurbishing sector is greatly impacted by the regions aviation industry presence; a fierce competition exists with major companies such as Airbus and Lufthansa Technik offering refurbishment services. The potential for growth can be seen in the increasing need for refurbishing narrow body aircraft and the growing emphasis on sustainability, in refurbishment solutions driven by concerns.

North America Outlook

In North America's aviation market¸ the refurbishment of aircraft is heavily influenced by airline companies in the region who consistently invest in improving their fleets¸ leading to intense competition among key players such as AAR Corp and Bombardier who prioritize offering complete solutions¸ with potential growth expected in the implementation of modern, in flight entertainment systems and environmentally friendly refurbishment techniques.

North America Outlook

In North America's aviation market¸ the refurbishment of aircraft is heavily influenced by airline companies in the region who consistently invest in improving their fleets¸ leading to intense competition among key players such as AAR Corp and Bombardier who prioritize offering complete solutions¸ with potential growth expected in the implementation of modern, in flight entertainment systems and environmentally friendly refurbishment techniques.

Europe Outlook

In Europe's aircraft refurbishing sector is greatly impacted by the regions aviation industry presence; a fierce competition exists with major companies such as Airbus and Lufthansa Technik offering refurbishment services. The potential for growth can be seen in the increasing need for refurbishing narrow body aircraft and the growing emphasis on sustainability, in refurbishment solutions driven by concerns.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, United Kingdom, Germany, France, Canada are expected to grow at 4.8% to 7.1% CAGR

2

Emerging Markets : Brazil, India, United Arab Emirates are expected to grow at 8.5% to 10.2% CAGR

Market Analysis Chart

The worldwide aircraft renovation sector is influenced by factors that both propel and hinder its progress and direction going forward. One significant factor driving this market is the rising preference for premium and lavish in flight experiences. Given the escalating consumer desire for heightened comfort and luxury during air travel, airlines find themselves under pressure to regularly upgrade their aircraft interiors, which in turn fuels the demand, within this industry.

Recent Developments and Technological Advancement

December 2024

AeroBravo began updating their aircraft refurbishing process by integrating reality technology.

October 2024

The innovative approach of D Tron Aircraft Refurbishing Solutions has garnered interest with the introduction of their environmentally friendly refurbishing method that repurposes as much, as 70 percent of the existing materials.

August 2024

SkyPassions Interiors refreshed their range of services by introducing an AI powered renovation method to enhance the accuracy and efficiency of renovation procedures.

The airplane renovation sector is currently experiencing an uptick in requests as a result of the increase in air travel following a period of halt caused by the global pandemic. This shift is prompting airlines to update their fleets to cater to the growing needs of both consumers and businesses resulting in market expansion. An emerging trend in the aircraft refurbishment field is the growing emphasis, on sustainability.

Impact of Industry Transitions on the Aircraft Refurbishing Market

As a core segment of the Aerospace & Defense industry, the Aircraft Refurbishing market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Green Aviation and Emergence of Digital Technology have redefined priorities across the Aerospace & Defense sector, influencing how the Aircraft Refurbishing market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Green Aviation:

The aircraft refurbishing sector is going through a shift towards promoting eco friendly aviation driven by a growing emphasis on sustainable methods and lower carbon footprints. Companies are now prioritizing the enhancement of aircraft to become more fuel efficient and environmentally conscious by integrating materials and advanced aerodynamics as well as upgrading engine technologies. This change is reshaping the industry landscape by highlighting sustainability as a selling factor and fostering investments, in eco friendly refurbishing techniques and technologies.

2

Emergence of Digital Technology:

The fast evolution of technologies is transforming the aircraft refurbishing sector with tools like 3d printing and virtual reality along with advanced machine learning algorithms which are used to improve efficiency and accuracy, in refurbishment procedures.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Aerospace & Defense industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Aerospace & Defense industry cascade into the Aircraft Refurbishing market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Demand for Advanced Cabin Interior Products, and Technical Innovations in Aircraft Seating

Passengers nowadays have also expectations when it comes to comfort and luxury during their flights which has also pushed airlines to upgrade their aircraft fleets with modern cabin interior features that improve both the look and usability of the planes – ultimately boosting the Aircraft Refurbishing market significantly.
The rapid progress in technology has also led to the creation of light and fuel efficient seating options, for airplanes. This not enhances the passenger experience but also helps airlines save fuel and propel the Aircraft Refurbishing market forward.
The rise in air travel due, to the growing number of tourists and business travelers has also led airlines to improve and renovate their planes to ensure excellent service and passenger happiness. This trend is also a factor propelling the Aircraft Refurbishing industry forward.

Restraint: High Capital Expenditure

The aircraft refurbishment sector demands financial commitments that deter potential newcomers due to the high expenses associated with using premium materials and advanced technology essential for the process. Moreover the constant. Progress, in the aviation industry pressure industry participants to adopt new methods and tools that significantly increase operational expenses.

Challenge: Stringent Regulatory Frameworks

Government bodies such as the Federal Aviation Administration (FAA) which operates in the United States of America (USA) set regulations and protocols concerning the safety and upkeep of airplanes as well as their refurbishment procedures. Adherance to these demanding criteria not guarantees the safety and reliability of refurbished aircraft but also poses a notable obstacle, for those involved in the industry sector.

Supply Chain Landscape

Raw Materials Procurement

Airbus

Boeing

Parts & Systems Manufacturing

Safran

Honeywell International

Aircraft Refurbishing Services
Lufthansa Technik / Singapore Aerotech
End User Applications
Commercial Carriers / Private Jet Operators
Raw Materials Procurement

Airbus

Boeing

Parts & Systems Manufacturing

Safran

Honeywell International

Aircraft Refurbishing Services

Lufthansa Technik

Singapore Aerotech

End User Applications

Commercial Carriers

Private Jet Operators

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Interior Refurbishing
Aerospace and Defense
Lufthansa Technik
Delivering customer-oriented, flexible, and comprehensive refurbishing solutions through skilled & experienced craftsmanship
Airframe Modifications
Aerospace and Defense
AAR Corporation
Offering a broad range of airframe modification services, striving for a time-efficient and cost-effective operation
Avionics Upgrades
Aerospace and Defense
Honeywell Aerospace
Incorporating technology innovation into enhancing flight management systems, and compliance with advanced navigation systems
Modifications for Special Purposes (VIP, Medical, etc.)
Aerospace and Defense
Jet Aviation
Providing sophisticated and innovative modification solutions for special purpose aircraft, tailored to each client's unique needs

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Aircraft Refurbishing market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Aircraft Refurbishing in Avionics Upgrade, Exterior Refurbishing and Cabin Reconfiguration

Avionics Upgrade

Enhancing an aircrafts technology through upgrades involves improving navigation systems and communication systems alongside in flight entertainment systems with the aim of enhancing performance and safety measures while also extending the aircrafts lifespan significantly. Rockwell Collins and Honeywell Aerospace are leaders in offering comprehensive solutions, for avionic upgrades.

Exterior Refurbishing

The process of renovation involves repairing and painting the outer surface of the plane to maintain its visual appeal while also enhancing its aerodynamics and fuel efficiency benefits significantly from industry leaders like Lufthansa Technik who offer a distinctive blend of expert handiwork and advanced techniques, in exterior refurbishment.

Cabin Reconfiguration

The application for rearranging cabin layouts in aircraft refurbishment offers airlines a way to upgrade the design enhancing passenger comfort and boosting operational effectiveness. A key benefit is the option to tailor the cabin layout to suit business requirements and potential fuel savings by optimizing weight distribution come as an added advantage. Industry frontrunners like GKN Aerospace stand out in this sector due, to their range of creative cabin solutions.

Aircraft Refurbishing vs. Substitutes:
Performance and Positioning Analysis

Refurbishing aircraft entails enhancing planes as a more budget friendly option compared to purchasing new ones. The refurbishing market holds growth potential due to its focus, on sustainability and cost efficiency.

Aircraft Refurbishing
  • Aircraft Leasing /
  • New Aircraft Purchasing
    Extended life of aircraft, cost efficiency in comparison to new purchase
    High initial investment required, time-consuming process
    Cost-effectiveness, Opportunity for customization
    Limited lifespan, Regulatory compliance challenges

Aircraft Refurbishing vs. Substitutes:
Performance and Positioning Analysis

Aircraft Refurbishing

  • Extended life of aircraft, cost efficiency in comparison to new purchase
  • High initial investment required, time-consuming process

Aircraft Leasing / New Aircraft Purchasing / In flight Entertainment System Upgrades

  • Cost-effectiveness, Opportunity for customization
  • Limited lifespan, Regulatory compliance challenges

Refurbishing aircraft entails enhancing planes as a more budget friendly option compared to purchasing new ones. The refurbishing market holds growth potential due to its focus, on sustainability and cost efficiency.

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Research Methodology

This market research methodology defines the Aircraft Refurbishing market scope, captures reliable data, and validates findings through integrated primary and secondary research. The framework ensures accurate market sizing, demand-supply analysis, and competitive benchmarking specific to service-driven business models.


Secondary Research Approach


We begin secondary research by defining the targeted market at both global and regional levels. Positioned within the Aerospace & Defense ecosystem, we analyze Aircraft Refurbishing adoption across Interior Refurbishment and Exterior Refurbishment Applications. Data is systematically collected from Professional Associations, Industry-specific Service Registries, company annual reports, country level ministerial sources and other credential sources, enabling detailed mapping of service delivery models, pricing structures, regulatory compliance, and technology enablers.


Key Sources Referenced:

International Air Traffic Association (IATA)

EDA - Europe / NATO Publications

Aerospace Industries Association (AIA)

SIPRI / World Bank Database

CFR - Conflict Tracker

Annual Reports / Industry Magazines / Country Level Ministerial Sources

• NAICS - Economic Statistics (US, Canada)

We benchmark service providers such as Lufthansa Technik, AAR Corp, and GKN Aerospace, using industry databases, client case studies, annual reports, and partnership disclosures. This secondary research identifies market drivers and constraints, providing the foundation for validation through primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Materials Procurement, Parts & Systems Manufacturing, and Aircraft Refurbishing Services. Our geographic coverage spans Americas (45%), Europe (30%), and Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally secure a 70% response rate, while in-depth interviews achieve 84% engagement, ensuring a 91% confidence level with ±8.5% margin of error.


Through targeted questionnaires and in-depth interviews, we capture customer satisfaction, vendor selection criteria, service delivery effectiveness, outsourcing vs in-house trade-offs, and post-service value realization. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate the global Aerospace & Defense revenues to estimate the Aircraft Refurbishing segment, guided by enterprise spending, outsourcing penetration, and service intensity ratios. In the Bottom-up approach, we aggregate project-level, contract-level, and client-spending data at the country and industry levels to construct detailed adoption models. By reconciling both methods, we ensure forecast accuracy and statistical robustness.


We evaluate the service value chain, covering Raw Materials Procurement (Airbus, Boeing), Parts & Systems Manufacturing (Safran, Honeywell International), and Aircraft Refurbishing Services. Our parallel substitute analysis examines alternative models such as Aircraft Leasing, New Aircraft Purchasing, and In flight Entertainment System Upgrades, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading service providers such as Lufthansa Technik, AAR Corp, and GKN Aerospace, evaluating their strengths in workforce capacity, global delivery centers, client engagement models, pricing competitiveness, and digital transformation capabilities. By analyzing company revenues, service portfolios, and client contracts, we derive comparative market shares, competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, contract analysis, and company benchmarking, supported by our proprietary Directional Superposition methodology, ensures us precise forecasts and actionable strategic insights into the Aircraft Refurbishing market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Aircraft Refurbishing Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 6.6 billion
Revenue Forecast in 2034USD 12.5 billion
Growth RateCAGR of 7.4% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20246.1 billion
Growth OpportunityUSD 6.4 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20246.1 billion USD
Market Size 20277.6 billion USD
Market Size 20298.8 billion USD
Market Size 20309.4 billion USD
Market Size 203412.5 billion USD
Market Size 203513.4 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredRefurbishing Type, Refurbishment Nature, Aircraft Size, Client Type
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledLufthansa Technik, AAR Corp, GKN Aerospace, TIMCO Aviation Services, Aviation Partners Boeing, Singapore Technologies Aerospace, SIA Engineering Company, Sabena Technics, EADS Sogerma, Diehl Aerosystems, JAMCO America Inc and Zodiac Aerospace
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Aircraft Refurbishing Market Size, Opportunities & Strategic Insights, by Refurbishing Type

4.1Interior Refurbishment
4.2Exterior Refurbishment
Chapter 5

Aircraft Refurbishing Market Size, Opportunities & Strategic Insights, by Refurbishment Nature

5.1Full Refurbishment
5.2Partial Refurbishment
Chapter 6

Aircraft Refurbishing Market Size, Opportunities & Strategic Insights, by Aircraft Size

6.1Large Aircraft
6.2Small Aircraft
Chapter 7

Aircraft Refurbishing Market Size, Opportunities & Strategic Insights, by Client Type

7.1Commercial Clientele
7.2Private Clientele
Chapter 8

Aircraft Refurbishing Market, by Region

8.1North America Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Aircraft Refurbishing Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Lufthansa Technik
9.2.2AAR Corp
9.2.3GKN Aerospace
9.2.4TIMCO Aviation Services
9.2.5Aviation Partners Boeing
9.2.6Singapore Technologies Aerospace
9.2.7SIA Engineering Company
9.2.8Sabena Technics
9.2.9EADS Sogerma
9.2.10Diehl Aerosystems
9.2.11JAMCO America Inc
9.2.12Zodiac Aerospace