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Used Aircraft Market

ID: MRFR/AD/24440-HCR
128 Pages
Sejal Akre
October 2025

Used Aircraft Market Size, Share, Industry Trend & Analysis Research Report By Aircraft Type (Commercial Airliners, Corporate Jets, Turboprops, Helicopters, General Aviation Aircraft), By Age (0-5 years, 6-10 years, 11-15 years, 16-20 years, 20+ years), By Condition (Excellent, Good, Fair, Poor), By Mission Type (Passenger, Cargo, Special Mission, Training, Other), By Disposition Method (Direct Sale, Lease Return, Aircraft Broker, Online Marketplace, Trade-In) and By Regional (North America, Europe, South America, Asia Pacific, Middle Ea... read more

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Used Aircraft Market Infographic
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Used Aircraft Market Summary

As per Market Research Future analysis, the Used Aircraft Market Size was estimated at 37.46 USD Billion in 2024. The Used Aircraft industry is projected to grow from 40.07 USD Billion in 2025 to 78.61 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.97% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Used Aircraft Market is experiencing a dynamic shift towards cost-effective solutions and technological advancements.

  • Demand for cost-effective solutions is driving growth in the Used Aircraft Market, particularly in North America.
  • Technological advancements are enhancing the appeal of used aircraft, especially among corporate jets in the Asia-Pacific region.
  • Digital transformation is streamlining transactions, making it easier for buyers and sellers to engage in the market.
  • Rising fuel prices and the expansion of low-cost carriers are significant drivers influencing the demand for used commercial airliners.

Market Size & Forecast

2024 Market Size 37.46 (USD Billion)
2035 Market Size 78.61 (USD Billion)
CAGR (2025 - 2035) 6.97%

Major Players

Textron Aviation (US), Bombardier (CA), Embraer (BR), Gulfstream Aerospace (US), Cessna Aircraft Company (US), Piper Aircraft (US), Cirrus Aircraft (US), Diamond Aircraft Industries (AT), Hawker Beechcraft (US)

Used Aircraft Market Trends

The Used Aircraft Market is currently experiencing a dynamic phase characterized by evolving buyer preferences and technological advancements. As the aviation industry continues to adapt to changing economic conditions, the demand for pre-owned aircraft appears to be on the rise. Factors such as cost-effectiveness, shorter delivery times, and the availability of a diverse range of models contribute to this trend. Buyers are increasingly seeking aircraft that offer a balance between performance and affordability, which has led to a more competitive landscape among sellers. Furthermore, the growing emphasis on sustainability may influence purchasing decisions, as operators look for options that align with environmental considerations. In addition, the Used Aircraft Market is witnessing a shift towards digital platforms for transactions and information dissemination. This transition facilitates greater accessibility for potential buyers and sellers, streamlining the process of acquiring used aircraft. Enhanced online resources and marketplaces are likely to play a pivotal role in shaping future interactions within the market. As the industry evolves, stakeholders must remain vigilant to emerging trends and adapt their strategies accordingly to capitalize on the opportunities presented by this vibrant sector.

Increased Demand for Cost-Effective Solutions

The Used Aircraft Market is seeing a notable rise in demand for cost-effective aircraft options. Buyers are increasingly prioritizing affordability, leading to a surge in interest for pre-owned models that provide value without compromising on quality. This trend reflects a broader shift in consumer behavior, where financial considerations play a crucial role in purchasing decisions.

Technological Advancements in Aircraft

Technological innovations are significantly impacting the Used Aircraft Market. Enhanced avionics, fuel efficiency, and safety features in newer models are influencing buyer preferences. As operators seek to upgrade their fleets, the availability of technologically advanced used aircraft is becoming a key factor in their decision-making processes.

Digital Transformation of Transactions

The Used Aircraft Market is undergoing a digital transformation, with online platforms becoming increasingly vital for transactions. This shift allows for greater transparency and accessibility, enabling buyers and sellers to connect more efficiently. As digital tools evolve, they are likely to reshape the landscape of aircraft sales and acquisitions.

Used Aircraft Market Drivers

Rising Fuel Prices

The Used Aircraft Market is experiencing a notable shift due to rising fuel prices, which have prompted operators to seek more fuel-efficient aircraft. As fuel costs continue to escalate, airlines and private operators are increasingly turning to used aircraft that offer better fuel economy. This trend is particularly evident in the regional jet segment, where operators are looking for cost-effective solutions to maintain profitability. The demand for used aircraft that can deliver lower operational costs is likely to drive market growth. Furthermore, the increasing focus on sustainability and environmental regulations may further influence purchasing decisions, as operators aim to reduce their carbon footprint. Consequently, the Used Aircraft Market is poised to benefit from this heightened awareness of fuel efficiency and sustainability.

Expansion of Low-Cost Carriers

The proliferation of low-cost carriers is significantly impacting the Used Aircraft Market. These airlines are expanding their fleets to meet growing passenger demand, often opting for used aircraft to minimize capital expenditure. The trend is particularly pronounced in regions where air travel is becoming more accessible to the masses. According to recent data, low-cost carriers account for a substantial share of the market, with many seeking to acquire used aircraft that can be integrated into their operations quickly and efficiently. This shift not only enhances competition but also stimulates the used aircraft market as these carriers look for affordable options to expand their reach. The increasing number of routes and destinations offered by low-cost carriers is likely to further drive demand for used aircraft, thereby shaping the market landscape.

Growing Demand for Business Aviation

The demand for business aviation is on the rise, significantly influencing the Used Aircraft Market. As companies seek to optimize travel efficiency and reduce time spent on the road, the appeal of private jets and turboprops is increasing. This trend is particularly evident among small and medium enterprises that are recognizing the benefits of owning or leasing used aircraft. The market for pre-owned business jets has shown resilience, with many buyers looking for cost-effective solutions that used aircraft provide. Additionally, the flexibility and convenience offered by business aviation are likely to attract more operators to consider used aircraft as a viable option. This growing interest in business aviation is expected to bolster the used aircraft market, creating opportunities for sellers and buyers alike.

Regulatory Changes Favoring Used Aircraft

Regulatory changes are playing a crucial role in shaping the Used Aircraft Market. Recent adjustments in aviation regulations have made it easier for operators to acquire and operate used aircraft. These changes often include streamlined certification processes and reduced fees, which can significantly lower the barriers to entry for potential buyers. As a result, more operators are likely to consider used aircraft as a practical option for fleet expansion or replacement. Furthermore, the regulatory environment is increasingly supportive of sustainability initiatives, encouraging operators to invest in used aircraft that meet modern environmental standards. This evolving regulatory landscape is expected to stimulate demand within the Used Aircraft Market, as operators seek to capitalize on favorable conditions for acquiring pre-owned aircraft.

Increased Availability of Financing Options

The Used Aircraft Market is benefiting from an increase in financing options available to potential buyers. Financial institutions are recognizing the value of used aircraft as viable assets, leading to more favorable lending conditions. This trend is particularly relevant for small to medium-sized operators who may have previously struggled to secure financing for aircraft purchases. The availability of loans, leases, and other financial products tailored to the aviation sector is likely to encourage more buyers to enter the used aircraft market. As a result, the market is expected to see a rise in transactions, with more operators willing to invest in used aircraft to enhance their fleets. This influx of financing options could potentially lead to a more dynamic and competitive Used Aircraft Market.

Market Segment Insights

By Type: Commercial Airliners (Largest) vs. Corporate Jets (Fastest-Growing)

The used aircraft market is characterized by a diverse range of aircraft types, with Commercial Airliners dominating the segment due to their widespread use and high availability in the secondary market. Corporate Jets have also carved out a significant niche for high-net-worth individuals and businesses, reflecting a growing trend toward personalized air travel. Turboprops and Helicopters cater to specific operational needs, while General Aviation Aircraft satisfy individual recreational and private flying demands. As the world transitions post-pandemic, the used aircraft market is witnessing shifts in demand fueled by changing travel habits and increased business aviation usage. Corporate Jets are particularly thriving as companies seek flexible travel options, enhancing productivity and safety. Turboprops are being adopted for regional travel, while maintain steady demand for medical and tourism sectors, showcasing varied growth trajectories within the segment.

Commercial Airliners (Dominant) vs. Corporate Jets (Emerging)

Commercial Airliners serve as the backbone of the used aircraft market due to their operational efficiency and availability. They are predominantly used for passenger transport, leading to higher turnover in the secondary market. On the other hand, Corporate Jets represent an emerging trend as they cater to executives and affluent customers seeking convenience and luxury. The versatility of Corporate Jets in providing tailored travel experiences is fueling their popularity, despite their smaller share relative to Commercial Airliners. The increasing focus on private air travel as a viable alternative to commercial airlines for safety and efficiency strengthens the positioning of Corporate Jets, establishing a dynamic balance between a dominant and emerging aircraft segment.

By Age: 0-5 Years (Largest) vs. 20+ Years (Fastest-Growing)

In the Used Aircraft Market, the age segment distribution reveals that aircraft aged 0-5 years holds the largest market share, appealing primarily to first-time buyers and companies looking for modern features and enhanced fuel efficiency. Meanwhile, the 20+ years segment is experiencing a notable increase in demand due to budget constraints and a surge in interest from emerging markets. As buyers seek cost-effective alternatives, older aircraft are being refurbished and retrofitted to extend their lifespan.

0-5 Years (Dominant) vs. 20+ Years (Emerging)

The 0-5 years segment is characterized by its appeal to buyers who prioritize modern technology, operational efficiency, and lower maintenance costs. These aircraft often come equipped with the latest avionics and fuel-saving technologies, making them a favored choice for commercial operators and private owners. Conversely, the 20+ years segment is witnessing a renaissance as buyers look for cost-effective solutions amidst rising aircraft prices. This segment features models that can be upgraded with new technology, appealing to budget-conscious operators and those in developing regions who seek affordable entry into aviation.

By Condition: Excellent (Largest) vs. Good (Fastest-Growing)

The Used Aircraft Market showcases a diverse range of conditions for its aircraft, with the 'Excellent' condition category commanding the largest market share. This segment is predominantly popular among buyers seeking reliability and value, as these aircraft often undergo rigorous maintenance and inspections. Following closely is the 'Good' condition category, which has emerged rapidly, appealing to budget-conscious buyers looking for functional aircraft without the premium of top-tier models.

Condition: Excellent (Dominant) vs. Good (Emerging)

Aircraft classified as 'Excellent' are those that have been maintained to the highest standards, offering buyers peace of mind regarding performance and safety. These units typically feature the latest upgrades and technology, attracting a premium price but ensuring value through longevity. In contrast, 'Good' condition aircraft are increasingly favored by a growing market segment due to their affordability and decent operational status. This category often includes planes that are well-maintained but may lack some of the latest features, driving interest from both private buyers and charter companies seeking cost-effective solutions.

By Mission Type: Passenger (Largest) vs. Cargo (Fastest-Growing)

The Used Aircraft Market shows distinct trends across its mission types, with the Passenger segment commanding the largest share. This segment continues to dominate the market due to the increasing demand for affordable and efficient travel options. Conversely, the Cargo mission type has been identified as the fastest-growing segment, spurred by the rise in e-commerce and the need for rapid freight transportation solutions. These shifts emphasize the evolving preferences of buyers and the functional versatility of used aircraft.

Passenger (Dominant) vs. Cargo (Emerging)

The Passenger mission type remains the dominant player in the Used Aircraft Market, reflecting a robust demand from commercial airlines and charter services. Its significant presence is driven by ongoing recovery in air travel post-pandemic, with airlines investing in cost-effective used aircraft to expand their fleets while managing tight capital budgets. On the other hand, the Cargo segment is rapidly emerging as a vital component of the market. The shift towards electronic commerce has prompted logistics companies to invest in used cargo aircraft, which are more readily available and less expensive than new models. This dynamic highlights the importance of adaptability in the aviation sector, catering to diverse mission requirements.

By Disposition Method: Direct Sale (Largest) vs. Online Marketplace (Fastest-Growing)

The Used Aircraft Market exhibits a diverse distribution in disposition methods, with Direct Sale commanding the largest share, driven by buyer preferences for acquiring aircraft directly from sellers. Lease Returns and Aircraft Brokers follow closely, offering alternative channels for transactions. In contrast, the Online Marketplace is gaining traction as buyers increasingly seek convenience and broader selections. Other methods like Trade-In remain relevant but represent smaller segments in comparison. Growth trends indicate a shifting landscape in disposition methods, largely influenced by technological advancements and changing buyer behaviors. The rise of online trading platforms reflects a consumer shift towards digital solutions, making Online Marketplace the fastest-growing segment. Additionally, the potential for streamlined processes and enhanced global reach is driving preference towards Lease Returns as airlines aim to optimize fleet management.

Direct Sale (Dominant) vs. Lease Return (Emerging)

Direct Sale is a dominant disposition method in the Used Aircraft Market, characterized by direct negotiations between sellers and buyers. This approach allows for transparency and often quicker transactions, appealing to parties seeking complete control over the sales process. In contrast, Lease Returns represent an emerging trend, providing a compelling alternative for airlines looking to offload surplus capacity while ensuring compliance with lease terms. The Lease Return process caters to a growing need for flexibility in fleet management and attracts cost-sensitive buyers who may prefer acquiring well-maintained, pre-owned aircraft with verified operational histories. The dynamics between these two methods illustrate a balance of traditional purchasing practices with innovative solutions in aircraft disposition.

Get more detailed insights about Used Aircraft Market

Regional Insights

North America : Market Leader in Aviation

North America remains the largest market for used aircraft, accounting for approximately 45% of global sales. The region's growth is driven by a robust economy, increasing demand for private and business aviation, and favorable regulatory frameworks. The presence of major manufacturers and a well-established infrastructure further catalyze market expansion. Regulatory support from the FAA ensures safety and operational efficiency, enhancing consumer confidence in used aircraft purchases. The United States is the dominant player, with significant contributions from Canada. Key players such as Textron Aviation, Gulfstream Aerospace, and Cessna Aircraft Company lead the competitive landscape. The market is characterized by a diverse range of aircraft types, catering to various customer needs, from private jets to commercial aircraft. The competitive environment is further intensified by the presence of established brands and emerging players, ensuring a dynamic market.

Europe : Growing Demand for Pre-Owned Aircraft

Europe is witnessing a growing demand for used aircraft, holding approximately 30% of the global market share. Factors such as increasing air travel, a rise in business aviation, and a shift towards cost-effective solutions are driving this growth. Regulatory bodies like the European Union Aviation Safety Agency (EASA) are enhancing safety standards, which boosts consumer confidence in purchasing used aircraft. The market is expected to continue expanding as more operators seek to optimize their fleets. Leading countries in this region include the United Kingdom, Germany, and France, which are home to several key players like Bombardier and Embraer. The competitive landscape is marked by a mix of established manufacturers and smaller firms, providing a wide range of options for buyers. The presence of a strong aviation infrastructure and a growing number of private operators further supports the market's growth trajectory.

Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is emerging as a significant player in the used aircraft market, accounting for approximately 20% of global sales. The growth is fueled by increasing air travel demand, expanding economies, and a rising number of private jet owners. Countries like China and India are leading this trend, supported by favorable government policies and investments in aviation infrastructure. The region's regulatory environment is also becoming more conducive to aircraft transactions, enhancing market dynamics. China is the largest market in the region, followed by India and Australia. The competitive landscape features both international and local players, with companies like Embraer and Cirrus Aircraft making notable impacts. The increasing presence of private operators and charter services is driving demand for used aircraft, creating a vibrant market environment. As the region continues to develop, the potential for growth in the used aircraft sector remains substantial.

Middle East and Africa : Strategic Growth Opportunities

The Middle East and Africa region is witnessing a gradual increase in the used aircraft market, holding about 5% of the global share. The growth is driven by rising air travel demand, particularly in the Gulf states, and a growing interest in business aviation. Regulatory bodies are working to streamline processes, making it easier for buyers to acquire used aircraft. The region's strategic location as a transit hub further enhances its appeal for aircraft transactions. Countries like the United Arab Emirates and South Africa are leading the market, with a mix of local and international players. The competitive landscape includes established brands and emerging companies, providing diverse options for buyers. The presence of key players such as Gulfstream Aerospace and Hawker Beechcraft contributes to the market's development, as they cater to the increasing demand for both commercial and private aircraft.

Used Aircraft Market Regional Image

Key Players and Competitive Insights

The Used Aircraft Market is currently characterized by a dynamic competitive landscape, driven by factors such as increasing demand for cost-effective aviation solutions and a growing emphasis on sustainability. Major players like Textron Aviation (US), Bombardier (CA), and Embraer (BR) are strategically positioning themselves through innovation and partnerships, which collectively shape the competitive environment. Textron Aviation (US) focuses on enhancing its product offerings with advanced technology, while Bombardier (CA) emphasizes customer service and support, indicating a trend towards customer-centric strategies. Embraer (BR) appears to be leveraging its regional expertise to expand its market share, suggesting a multifaceted approach to competition.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market structure is moderately fragmented, with key players exerting considerable influence over pricing and service standards. This fragmentation allows for niche players to thrive, yet the collective strength of major companies like Gulfstream Aerospace (US) and Cessna Aircraft Company (US) remains significant, as they continue to innovate and adapt to market demands.

In August 2025, Gulfstream Aerospace (US) announced the launch of a new pre-owned aircraft program aimed at enhancing customer access to its used aircraft inventory. This initiative is strategically important as it not only broadens Gulfstream's market reach but also reinforces its commitment to customer service, potentially increasing brand loyalty and market share in the competitive used aircraft sector.

In September 2025, Cessna Aircraft Company (US) unveiled a partnership with a leading digital platform to streamline the buying and selling process of used aircraft. This move is indicative of a broader trend towards digital transformation in the aviation sector, suggesting that Cessna is keen on leveraging technology to enhance operational efficiency and customer experience, which could set a new standard in the market.

In July 2025, Embraer (BR) expanded its service network in Europe, focusing on enhancing support for its used aircraft customers. This strategic expansion is likely to improve customer satisfaction and retention, as it provides more localized support and services, thereby strengthening Embraer’s competitive position in the European market.

As of October 2025, the competitive trends in the Used Aircraft Market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to enhance their technological capabilities and market reach. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition to a focus on innovation, technology, and supply chain reliability, suggesting that companies that prioritize these areas may gain a significant advantage in the marketplace.

Key Companies in the Used Aircraft Market market include

Industry Developments

The used aircraft market is poised for steady growth, driven by increasing demand for cost-effective and sustainable air travel. In 2023, the market was valued at USD 32.73 billion and is projected to reach USD 60.0 billion by 2032, exhibiting a CAGR of 6.97%. Key factors fueling this growth include rising air passenger traffic, fleet expansion by low-cost carriers, and technological advancements in aircraft design and maintenance.Recent developments in the market include the entry of new players, such as Jetran and Abelag Aviation, and the expansion of existing players, such as Air Lease Corporation and Avolon.

These companies are investing in new aircraft acquisitions and remarketing services to cater to the growing demand for used aircraft. Additionally, the increasing adoption of digital platforms for aircraft transactions is streamlining the buying and selling process, making it more efficient and transparent.

Future Outlook

Used Aircraft Market Future Outlook

The Used Aircraft Market is projected to grow at a 6.97% CAGR from 2024 to 2035, driven by increasing demand for cost-effective aviation solutions and technological advancements.

New opportunities lie in:

  • Expansion of online marketplaces for used aircraft sales.
  • Development of refurbishment services for older aircraft models.
  • Partnerships with financial institutions for flexible financing options.

By 2035, the Used Aircraft Market is expected to be robust, reflecting strong growth and diverse opportunities.

Market Segmentation

Used Aircraft Market Age Outlook

  • 0-5 years
  • 6-10 years
  • 11-15 years
  • 16-20 years
  • 20+ years

Used Aircraft Market Type Outlook

  • Commercial Airliners
  • Corporate Jets
  • Turboprops
  • Helicopters
  • General Aviation Aircraft

Used Aircraft Market Condition Outlook

  • Excellent
  • Good
  • Fair
  • Poor

Used Aircraft Market Mission Type Outlook

  • Passenger
  • Cargo
  • Special Mission
  • Training
  • Other

Used Aircraft Market Disposition Method Outlook

  • Direct Sale
  • Lease Return
  • Aircraft Broker
  • Online Marketplace
  • Trade-In

Report Scope

MARKET SIZE 202437.46(USD Billion)
MARKET SIZE 202540.07(USD Billion)
MARKET SIZE 203578.61(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.97% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledTextron Aviation (US), Bombardier (CA), Embraer (BR), Gulfstream Aerospace (US), Cessna Aircraft Company (US), Piper Aircraft (US), Cirrus Aircraft (US), Diamond Aircraft Industries (AT), Hawker Beechcraft (US)
Segments CoveredAircraft Type, Age, Condition, Mission Type, Disposition Method, Regional
Key Market OpportunitiesGrowing demand for fuel-efficient aircraft presents opportunities in the Used Aircraft Market.
Key Market DynamicsRising demand for fuel-efficient models drives competitive dynamics in the used aircraft market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the current valuation of the Used Aircraft Market?

The Used Aircraft Market was valued at 37.46 USD Billion in 2024.

What is the projected market size for the Used Aircraft Market by 2035?

The market is projected to reach 78.61 USD Billion by 2035.

What is the expected CAGR for the Used Aircraft Market during the forecast period?

The expected CAGR for the Used Aircraft Market from 2025 to 2035 is 6.97%.

Which companies are considered key players in the Used Aircraft Market?

Key players include Textron Aviation, Bombardier, Embraer, Gulfstream Aerospace, and Cessna Aircraft Company.

How does the market segment for Commercial Airliners perform?

The Commercial Airliners segment is projected to grow from 15.0 USD Billion to 32.0 USD Billion by 2035.

What is the valuation range for Corporate Jets in the Used Aircraft Market?

The Corporate Jets segment is expected to increase from 10.0 USD Billion to 20.0 USD Billion by 2035.

What are the projected values for aircraft aged 0-5 years?

Aircraft aged 0-5 years are anticipated to grow from 7.5 USD Billion to 15.0 USD Billion by 2035.

How does the condition of aircraft affect their market valuation?

Aircraft in 'Excellent' condition are projected to rise from 10.0 USD Billion to 20.0 USD Billion by 2035.

What is the expected growth for the Helicopters segment?

The Helicopters segment is likely to expand from 4.0 USD Billion to 8.0 USD Billion by 2035.

What disposition methods are prevalent in the Used Aircraft Market?

The Direct Sale method is projected to grow from 10.0 USD Billion to 20.0 USD Billion by 2035.

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