Aircraft Refurbishing Market Size

Aircraft Refurbishing Market size was over USD 4.82 billion in 2023 and is anticipated to cross USD 9.91 billion by 2036, witnessing more than 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of aircraft refurbishing is estimated at USD 5.04 billion.

Significance of delivering world class facilities and luxury passenger flight experience along with growing domestic airline market are some of the significant factors that are anticipated to boost the aircraft refurbishing market growth. Additionally, the growing use of lightweight materials, since they reduce the weight of an aircraft which results in reducing fuel costs, gives the profit margins to the airlines. Driven by these prominent features along with favorable government regulations for permitting these restructuring activities in public transport.