According to Fortune Business Insights™, the global aircraft refurbishing market was valued at USD 5.86 billion in 2024 and is projected to expand from USD 5.88 billion in 2025 to USD 7.81 billion by 2032, reflecting a CAGR of 4.13% during the forecast period. North America dominated the market with a 31.74% share in 2024, supported by strong airline operations, high passenger volumes, and growing adoption of advanced refurbishment solutions.
Aircraft refurbishing involves the overhaul, renovation, and modernization of both interiors and exteriors to improve aircraft performance, extend service life, ensure regulatory compliance, and enhance passenger comfort. It covers a wide spectrum of processes, including:
This process not only improves aesthetics and passenger experience but also helps airlines boost fuel efficiency, meet sustainability targets, and increase resale value.
The market is strongly driven by the rising demand for customized interiors and premium passenger experiences. Airlines are increasingly opting for refurbishment instead of new aircraft purchases to reduce costs while meeting operational requirements. At the same time, the focus on fuel efficiency and compliance with safety standards is accelerating adoption. Additionally, the integration of smart cabin technologies, IoT-enabled maintenance systems, and the use of eco-friendly materials are shaping refurbishment strategies across the sector.
Supply chain disruptions remain a major restraint, impacting the availability of spare parts and delaying projects. Rising material and labor costs, combined with an ongoing shortage of skilled MRO (Maintenance, Repair, and Overhaul) technicians, are further adding to the challenges faced by airlines and service providers.
Growing passenger traffic worldwide, particularly in Asia Pacific and emerging economies, is fueling the demand for regular upgrades and refurbishments. Increasing emphasis on sustainability and green aviation initiatives is creating opportunities for eco-friendly solutions. Furthermore, the rising demand for luxury refurbishments in business and VIP jets is opening new revenue streams for refurbishment providers.
High capital costs continue to be a barrier for airlines considering refurbishment projects. In addition, labor shortages are contributing to longer turnaround times and increased downtime for aircraft, which can affect airline profitability and scheduling efficiency.