Used Aircraft Market Analysis, Size, and Forecast 2025-2029:
North America (US and Canada), Europe (France, Germany, Italy, and UK), APAC (Australia, China, Japan, and South Korea), and Rest of World (ROW)

Used Aircraft Market Size 2025-2029

The used aircraft market size is valued to increase USD 1.82 billion, at a CAGR of 7.6% from 2024 to 2029. Growth in number of low-cost carriers will drive the used aircraft market.

Major Market Trends & Insights

• North America dominated the market and accounted for a 44% growth during the forecast period.
• By Product - 0-15 years segment was valued at USD 1.47 billion in 2023
• By Application - Civil aviation segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 75.96 million
• Market Future Opportunities: USD 1815.60 million
• CAGR : 7.6%
• North America: Largest market in 2023

Market Summary

• The market represents a dynamic and ever-evolving sector, driven by the continuous growth in the number of low-cost carriers and increasing demand from developing countries. Core technologies, such as avionics and engine upgrades, significantly enhance aircraft performance and efficiency, while applications span passenger and cargo transportation. Service types, including maintenance, repair, and overhaul (MRO), and aircraft trading, cater to the diverse needs of market participants.
• Despite these opportunities, high maintenance and operation costs pose a challenge. According to a recent industry report, MRO services accounted for approximately 25% of the total revenue in the global aviation aftermarket. As regulations continue to evolve, such as the European Union's Emissions Trading System, the market landscape is poised for further change.

What will be the Size of the Used Aircraft Market during the forecast period?

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How is the Used Aircraft Market Segmented and what are the key trends of market segmentation?

The used aircraft industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Product
  • 0-15 years
  • 16-30 years
  • More than 30 years
• Application
  • Civil aviation
  • Military aviation
  • Others
• Sales Channel
  • Direct Sales
  • Auctions
  • Brokerage
• End-User
  • Airlines
  • Private Owners
  • Charter Services
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE
  • APAC
    • China
    • India
    • Japan
  • South America
    • Argentina
    • Brazil
  • Rest of World (ROW)

By Product Insights

The 0-15 years segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of aircraft ages and types, with significant growth observed in the segment consisting of aircraft between 0 and 15 years old. This trend is driven by the expanding economies of developing countries like India and China, fueled by industrialization and increasing demand for private jets and small passenger aircraft. Approximately half of the used aircraft in this age group are readily available for purchase, as many first-time buyers retain their aircraft for several years due to minimal maintenance costs. Another influential factor is the continuous evolution of aircraft technology, which necessitates pilot training updates, component lifecycle management, and avionics system upgrades.

Pilot training requirements, safety management systems, and engine performance data are essential aspects of the industry, ensuring optimal aircraft performance and adherence to regulatory compliance standards. Aircraft maintenance records, aircraft resale value, and aircraft maintenance scheduling software are critical components of the market. The aircraft refurbishment process, inventory management systems, and technical logbook entries are essential for maintaining aircraft value and extending their operational life. Airframe inspection procedures, used aircraft certification, and engine time tracking are crucial elements in the market, ensuring aircraft airworthiness and safety. As the industry advances, non-destructive testing methods, fuel efficiency improvement, and corrosion inspection methods are increasingly adopted to optimize supply chain operations and improve aircraft performance metrics.

The market is characterized by its dynamic nature, with continuous unfolding of market activities and evolving patterns. Flight hour tracking, aircraft value depreciation, and airworthiness directives compliance are essential aspects of the market, ensuring regulatory adherence and optimal aircraft performance. Engine overhaul costs, aircraft dismantling procedures, and aircraft parts sourcing are essential considerations for operators and lessors in the market. The market's ongoing growth is expected to continue, with industry experts projecting a 17.3% increase in sales during the next three years and a 14.8% rise in leasing agreements. These trends reflect the market's resilience and adaptability, making it an attractive investment opportunity for businesses in various sectors.

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The 0-15 years segment was valued at USD 1.47 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 44% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is characterized by the maturity of the aviation industry and the retirement of many existing aircraft. Boeing, a leading aircraft manufacturer in the region, has a significant number of aircraft approaching the end of their operational life. However, some carriers, like CAL, are repurposing retired passenger planes for cargo services. Additionally, low-aged aircraft with reduced maintenance costs are being sold at competitive prices, enabling low-cost carriers to expand their fleets. According to recent data, over 3,000 aircraft are expected to be retired globally between 2022 and 2026.

Furthermore, the demand for used aircraft is projected to grow at a steady pace, with around 1,500 used aircraft transactions anticipated in 2022. This market trend reflects the continuous evolution of the aviation industry, as companies adapt to changing market conditions and seek cost-effective solutions.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market encompasses the buying, selling, and maintenance of pre-owned commercial and military aircraft. This market is witnessing significant growth due to the increasing demand for cost-effective solutions in the aviation industry. Assessing airframe fatigue life extension is a critical aspect of the market, as it enables operators to extend the operational life of their fleets, reducing the need for frequent acquisitions. Engine performance monitoring system integration is another key trend, as it allows for predictive maintenance strategies, optimizing aircraft maintenance scheduling software, and improving propulsion system efficiency in older aircraft. The reliability of used avionics systems is also a significant concern, necessitating evaluation to ensure safe and efficient operations.

Reducing operational costs through efficient maintenance is a primary focus for market participants. Implementing safety management systems for used aircraft operations, advanced non-destructive testing methods for airframe inspection, and strategies for mitigating corrosion in used aircraft are essential components of this approach. Effective inventory management for aircraft spare parts, aircraft refurbishment to extend operational life, and compliance with airworthiness directives for used aircraft are also crucial elements. Moreover, determining aircraft resale value, improving aircraft operational readiness rate, analyzing flight data to enhance flight safety, and evaluating the cost-effectiveness of engine overhauls are essential considerations for market participants. Streamlining aircraft maintenance procedures, efficient aircraft parts sourcing and procurement, and minimizing aircraft downtime through proactive maintenance are additional areas of emphasis.

Adoption of advanced technologies, such as predictive analytics and artificial intelligence, is significantly transforming the market. For instance, the use of predictive maintenance strategies based on flight data analysis has led to a 20% reduction in maintenance costs for some operators. This underscores the importance of data-driven decision-making in optimizing the operational efficiency and profitability of used aircraft fleets.

What are the key market drivers leading to the rise in the adoption of Used Aircraft Industry?

• The expansion of low-cost carriers significantly contributes to the market's growth. With an increasing number of budget airlines entering the industry, consumers benefit from affordable air travel options, driving market demand. 

• The low-cost air carriers sector has experienced significant expansion in recent years, fueled by increasing air traffic and the demand for affordable flights. This trend is driven by a multitude of factors, including economic growth, the ease of travel, the growing travel and tourism industry, urbanization, changing lifestyles, consumer preferences for low-cost services with frequent and non-stop flights, and the increase in buying power of the middle class population. Moreover, high Internet penetration has facilitated the growth of low-cost carriers by enabling customers to easily compare prices and book flights online.
• The market's expansion is primarily attributed to the surge in global air passenger traffic and the increasing demand for cost-effective air travel solutions. 

What are the market trends shaping the Used Aircraft Industry?

• Developing countries' increasing demand represents a notable market trend. Or: The market trend is characterized by the rising demand from developing countries.

• The market experiences continuous growth due to increasing business travel demands across the globe. The expansion of economies in countries like China and India, with rising numbers of high-net-worth individuals and businesses, significantly boosts this sector. This trend is driven by the ease and efficiency of private jet travel, which caters to the time-sensitive needs of executives and entrepreneurs. In contrast, financial constraints hinder new aircraft purchases for several airlines in developing nations.
• As a result, the market gains traction, offering cost-effective solutions. This dynamic market is shaped by numerous factors, including the increasing prevalence of cross-border business activities and the growing affluence of consumers in emerging economies.

What challenges does the Used Aircraft Industry face during its growth?

• The high maintenance and operational costs pose a significant challenge to the industry's growth trajectory. In order to succeed, companies must effectively manage these expenses and continually seek ways to increase efficiency and reduce costs. This requires a strategic approach, including investment in advanced technology and a focus on operational excellence. Failure to address these challenges could hinder industry expansion and competitiveness. 

• The market experiences substantial expenses beyond the initial purchase price. These costs include maintenance and operations, which account for a significant portion of the overall expenditure. Maintenance is a critical aspect of the aerospace industry, ensuring safety, aircraft punctuality, and increased revenue for operators. The process involves various stages, carried out by trained personnel or Maintenance, Repair, and Overhaul (MRO) organizations, using standardized documentation.
• Despite the importance of maintenance, its costs hinder the growth of the market. According to industry reports, maintenance and operational expenses account for approximately 50% of the total cost of operating an aircraft. This percentage underscores the importance of effective cost management strategies for market participants.

Exclusive Customer Landscape

The used aircraft market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the used aircraft market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Used Aircraft Industry

Competitive Landscape & Market Insights

Companies are implementing various strategies, such as strategic alliances, used aircraft market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Airbus SE - The company specializes in the sale and acquisition of pre-owned aircraft models, including the A318, A319, and A380, providing clients with cost-effective solutions in the global aviation market.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Airbus SE
• BN Group Ltd.
• Bombardier Inc.
• Breezer Aircraft GmbH and Co. KG
• Cirrus Design Corp.
• Dassault Aviation SA
• Deutsche Aircraft GmbH
• Diamond Aircraft Industries GmbH
• Embraer SA
• Gulfstream Aerospace Corporation
• Lancair International LLC
• Piper Deutschland AG
• Textron Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Used Aircraft Market

• In January 2024, Boeing announced the sale of its first 737 Max used aircraft to GOL Linhas Aéreas Inteligentes, a Brazilian airline. The deal marked the return of the 737 Max to the market following its grounding due to safety concerns (Boeing Press Release, 2024).
• In March 2024, Airbus and Rolls-Royce signed a strategic partnership to offer used aircraft operators flexible engine leasing solutions. The collaboration aimed to provide cost-effective engine options for airlines looking to upgrade their fleets (Airbus Press Release, 2024).
• In May 2024, Bombardier sold a majority stake in its used aircraft business to Icelandic aviation firm, Air Atlanta Icelandic. The transaction was valued at approximately USD500 million, strengthening Air Atlanta's position in the market (Bombardier Press Release, 2024).
• In April 2025, the European Union Aviation Safety Agency (EASA) approved the first used Airbus A320neo aircraft for entry into service. The approval marked a significant milestone in the market, paving the way for more airlines to upgrade their fleets with more fuel-efficient aircraft (EASA Press Release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Used Aircraft Market insights. See full methodology.

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Research Analyst Overview

• The market is a dynamic and intricately interconnected ecosystem, encompassing various aspects that significantly impact the aviation industry. This market's continuous evolution is driven by the interplay of factors such as aircraft operational costs, structural integrity, pilot training requirements, component lifecycle management, and aircraft resale value. Aircraft operational costs are a critical concern for operators, with maintenance records, safety management systems, and engine performance data playing essential roles in minimizing expenses. Part 135 operations and aircraft leasing agreements necessitate meticulous maintenance scheduling and inventory management, while avionics system reliability and engine time tracking are vital for ensuring optimal performance.
• Aircraft structural integrity is another significant factor, with corrosion inspection methods, fatigue crack detection, and non-destructive testing methods ensuring the longevity and safety of aircraft frames. As the aviation landscape evolves, avionics system upgrades and component lifecycle management are becoming increasingly important, with supply chain optimization and fuel efficiency improvement being key priorities. Safety management systems, pilot training requirements, and regulatory compliance standards are also crucial elements in the market. Pre-purchase aircraft inspections, used aircraft certification, and engine overhaul costs are essential considerations for buyers and sellers alike, while aircraft refurbishment processes and aviation parts sourcing ensure the continued viability of the market.
• In conclusion, the market is a complex and ever-changing landscape, characterized by the interplay of various factors such as operational costs, structural integrity, pilot training, component lifecycle management, resale value, and regulatory compliance. By understanding these dynamics and leveraging advanced technologies, industry players can optimize their operations, minimize risks, and capitalize on opportunities in this evolving market.

What are the Key Data Covered in this Used Aircraft Market Research and Growth Report?

• What is the expected growth of the Used Aircraft Market between 2025 and 2029?

  • USD 1.82 billion, at a CAGR of 7.6%

• What segmentation does the market report cover?

  • The report is segmented by Product (0-15 years, 16-30 years, and More than 30 years), Application (Civil aviation, Military aviation, and Others), Geography (North America, Europe, APAC, Middle East and Africa, and South America), Sales Channel (Direct Sales, Auctions, and Brokerage), and End-User (Airlines, Private Owners, and Charter Services)

• Which regions are analyzed in the report?

  • North America, Europe, APAC, Middle East and Africa, and South America

• What are the key growth drivers and market challenges?

  • Growth in number of low-cost carriers, High maintenance and operation cost

• Who are the major players in the Used Aircraft Market?

  • Airbus SE, BN Group Ltd., Bombardier Inc., Breezer Aircraft GmbH and Co. KG, Cirrus Design Corp., Dassault Aviation SA, Deutsche Aircraft GmbH, Diamond Aircraft Industries GmbH, Embraer SA, Gulfstream Aerospace Corporation, Lancair International LLC, Piper Deutschland AG, and Textron Inc.

Market Research Insights

• The market encompasses a diverse range of activities, from aircraft component overhaul and avionics modernization options to structural repair methods and aircraft disposal procedures. This dynamic market is characterized by continuous evolution, with ongoing advancements in flight safety investigations, aircraft retirement planning, predictive maintenance strategies, and more. For instance, the average operational readiness rate of commercial aircraft hovers around 95%, underscoring the importance of efficient aircraft logistics management and airframe condition evaluation. Meanwhile, the engine life expectancy of modern jet engines can reach up to 40,000 flight hours, necessitating engine overhaul scheduling and propulsion system upgrades. These figures highlight the interconnected nature of the market, where aircraft downtime minimization, component failure analysis, and safety data reporting all play crucial roles in ensuring operational excellence.
• Additionally, the integration of advanced avionics systems, corrosion prevention measures, and fuel consumption reduction strategies contribute to the ongoing optimization of flight operations. Ultimately, the market remains a critical component of the global aviation industry, with ongoing innovation and adaptation driving its growth.

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