Used Aircraft Market Size 2024 - 2031 Global Industrial Analysis, Key Geographical Regions, Market Share, Top Key Players, Product Types and Forecast Research Report

Used Aircraft Market Analysis and Latest Trends

A used aircraft refers to an airplane that has been previously owned and operated by another individual or organization before being put up for sale in the secondary market. Buying a used aircraft can be a cost-effective option for individuals or companies looking to acquire an aircraft without the high price tag associated with new aircraft.

The used aircraft market has been experiencing steady growth in recent years, driven by factors such as increasing demand for air travel, rising disposable incomes, and advancements in aviation technology. The market is also benefiting from a growing trend towards the sharing economy, with more individuals and businesses opting to purchase pre-owned aircraft as a more affordable alternative to new ones.

The market is characterized by a wide range of offerings, with various types of used aircraft available for sale, including helicopters, general aviation aircraft, business jets, and commercial airliners. The market is also witnessing increasing demand for older models of aircraft that have been well-maintained and upgraded with modern avionics and amenities.

Overall, the used aircraft market is expected to continue growing at a CAGR of 5.6% during the forecast period, driven by factors such as increasing demand for air travel, growing interest in private aviation, and the availability of a wide range of aircraft options in the secondary market.

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Used Aircraft Major Market Players

The used aircraft market is highly competitive, with key players such as Bombardier, Dassault Aviation, Embraer, General Dynamics, and Textron dominating the industry. These companies offer a wide range of aircraft models and services to cater to the diverse needs of customers.

Bombardier, a leading manufacturer of both business and commercial aircraft, has seen steady market growth in recent years. The company has a strong market presence in North America, Europe, and Asia, and is continuously expanding its customer base. Bombardier's sales revenue for used aircraft has been steadily increasing, with a reported revenue of $1.5 billion in the past year.

Embraer, a Brazilian aircraft manufacturer, is also a dominant player in the used aircraft market. The company has a strong foothold in the regional jet market and is known for its innovative aircraft designs. With a focus on sustainability and fuel efficiency, Embraer is poised for future growth in the used aircraft market. The company has reported a sales revenue of $2 billion in the past year.

Textron, the parent company of Cessna and Beechcraft, is another key player in the used aircraft market. The company offers a wide range of aircraft models, from small single-engine planes to large business jets. Textron has a strong global presence and is continually expanding its market share. Textron's sales revenue for used aircraft has been on the rise, with a reported revenue of $3 billion in the past year.

Overall, the used aircraft market is expected to continue growing in the coming years, driven by factors such as increasing demand for air travel, technological advancements in aircraft design, and a growing focus on sustainability. As key players in the industry, companies like Bombardier, Embraer, and Textron are well-positioned to capitalize on these trends and capture a larger share of the market.

What Are The Key Opportunities For Used Aircraft Manufacturers?

The used aircraft market has experienced steady growth in recent years due to factors such as increasing demand for affordable aircraft, the emergence of new entrants into the aviation industry, and advancements in technology making older aircraft more attractive. Data shows a growing number of transactions in the secondary market, with regional jets and turboprops being popular choices. Future outlook remains positive, with continued demand for used aircraft expected as airlines and other operators look for cost-effective solutions to meet their transportation needs. Overall, the used aircraft market is expected to continue to grow and evolve in the coming years.

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Market Segmentation

The Used Aircraft Market Analysis by types is segmented into:

Fixed Wing Aircraft
Rotor Aircraft
Others

The used aircraft market is divided into three main categories: fixed wing aircraft, rotor aircraft, and others. Fixed wing aircraft include airplanes such as commercial jets, business jets, and general aviation aircraft. Rotor aircraft include helicopters and other rotary-wing aircraft. The "others" category encompasses a variety of specialized aircraft types such as gliders, amphibious aircraft, and experimental aircraft. Each market segment has unique characteristics and demand drivers, reflecting the diverse needs and preferences of buyers in the aviation industry.

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The Used Aircraft Market Industry Research by Application is segmented into:

Civil Aviation
Military Aviation

The Used Aircraft Market Application for civil aviation involves the buying and selling of previously owned aircraft for commercial purposes. This market provides opportunities for airlines and leasing companies to acquire aircraft at a lower cost. In the military aviation market, this application is utilized for the procurement and sale of used military aircraft for defense purposes. Both sectors benefit from the availability of used aircraft, enabling cost-effective fleet expansion and modernization initiatives.

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In terms of Region, the Used Aircraft Market Players available by Region are:

North America:

United States
Canada

Europe:

Germany
France
U.K.
Italy
Russia

Asia-Pacific:

China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia

Latin America:

Mexico
Brazil
Argentina Korea
Colombia

Middle East & Africa:

Turkey
Saudi
Arabia
UAE
Korea

The used aircraft market is experiencing significant growth globally, with key regions such as North America, Asia-Pacific, Europe, the USA, and China showing promising expansion. Among these regions, North America and Europe are expected to dominate the market, collectively accounting for approximately 60% of the market share. The USA is also projected to hold a substantial market share, followed by China and Asia-Pacific with 20% and 15%, respectively. This trend reflects the overall growth and demand for pre-owned aircraft in the aviation industry.