Used Aircraft Market Size, Trends and Insights By Aircraft Type (Commercial Aircraft, Business Aircraft, Military Aircraft, General Aviation), By Age of Aircraft (0-10 Years, 11-20 Years, 21+ Years), By End-User (Airlines, Charter Services, Private Owners, Government & Military, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Reports Description
The CMI Market Research Team’s recent market research predicts that from 2024 to 2033, the global used aircraft market will grow at a CAGR of 7.2%. In 2024, the market size is projected to reach a valuation of USD 2,313.6 Million. By 2033, the valuation is anticipated to reach USD 4,325.5 Million.
Jobs Through Aviation Industry
Jobs Type | Million |
Direct Jobs | 11.3 |
Indirect Jobs | 18.1 |
Induced Jobs | 13.5 |
Tourism Jobs | 44.8 |
Source: According to ATAG Org
The Used Aircraft Market involves the buying, selling, and leasing of pre-owned aircraft across commercial, business, and general aviation sectors. This market serves airlines, private owners, and charter services seeking cost-effective alternatives to new aircraft. Key factors driving the market include economic considerations, fleet expansion needs, and the availability of retired aircraft.
The market also includes aircraft that have been modernized or converted for different uses, such as cargo transport. Trends like technological advancements, environmental regulations, and the varying demand for air travel, particularly in emerging and recovering economies, have an impact on the market.
The Used Aircraft Market: Key Growth Factors
The Used Aircraft Market presents significant growth opportunities due to several factors:
- Cost Efficiency: The purchasing of used aircraft is considerably cheaper than the new ones, this makes it easy for airline operators to achieve fleet growth or diversification without having to pay a lot of money, particularly in areas that value the cost of aircraft very much.
- Growing Cargo Demand: Increased use of freighters in the e-commerce and logistics industries has led to the cycling or conversion of used passenger aircraft into cargo aircraft thereby enhancing the used aircraft market.
- Fleet Modernization: Older aircraft with less efficient avionics and engines hold attraction to airlines that need to retrofit their fleets with modern systems and more fuel-efficient motors, thus, increasing the operational life of the vehicle is cost-effective.
- Emerging Markets: In growth areas such as Asia-Pacific and Africa, a rapid increase in the adoption of air transport opens up new opportunities to increase sales of used aircraft to such regions as they look for cheaper ways to expand fleets.
- Sustainability Initiatives: The call for environmentally friendly flight results in the addition of new technologies in the aircraft, which are retrofitted with new used aircraft thus making used aircraft popular among environmentally conscious operators.
Used Aircraft Market: Key Developments
The Used Aircraft Market has seen several key developments in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of key developments in the Used Aircraft Market include:
- In 2024, AerCap Holdings N.V. announced an offering of senior notes through its subsidiaries, AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust. This includes $1.3 billion in 4.625% Senior Notes due 2029 and $1.1 billion in 4.950% Senior Notes due 2034, guaranteed on a senior unsecured basis by AerCap and certain subsidiaries.
- In 2024, Airbus and TotalEnergies have formed a strategic partnership to advance sustainable aviation fuels (SAF), aiming for net carbon neutrality in aviation by 2050. SAF can reduce CO2 emissions by up to 90% compared to fossil fuels.
These key developments helped companies expand their offerings, improve their market presence, and capitalize on growth opportunities in the Used Aircraft Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
Used Aircraft Market | Airport Security Market | Aviation Value Chain Market |
CAGR 7.2% (Approx) | CAGR 5.5% (Approx) | CAGR 4% (Approx) |
USD 4,325.5 Million by 2033 | USD 23.6 Billion by 2033 | USD 1305 Billion by 2033 |
Used Aircraft Market – Significant Threats
The Used Aircraft Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:
- Technological Obsolescence: Rapid advancements in aviation technology may render older aircraft less competitive, reducing their value and demand in the used aircraft market as buyers prefer newer, more efficient models.
- Stricter Environmental Regulations: Increasingly stringent environmental laws, particularly regarding emissions and noise, could lead to the early retirement of older aircraft, limiting their marketability and potentially stranding assets.
- Economic Volatility: Economic downturns or global financial instability can reduce demand for air travel, leading airlines to cut back on fleet expansions or acquisitions, and negatively impacting the used aircraft market.
- High Maintenance Costs: Older aircraft typically require more frequent and costly maintenance, which can deter buyers concerned about long-term operating expenses, especially in a competitive market.
- Market Saturation: A surplus of used aircraft due to airline bankruptcies or mass fleet retirements can lead to market saturation, driving down prices and making it difficult for sellers to achieve profitable sales.
Category-Wise Insights
By Aircraft Type
- Commercial aircraft: Pre-owned commercial aircraft include regional and commercial passenger aircraft. The demand for such aircraft is mainly related to cost and the necessity of fleet growth, as well as conversion of old passenger aircraft for cargo, and updating avionics. Demand is on the rise along with the revival of international travel, along with increased interest in cost-efficient strategies mainly in developing countries.
- Business Aircraft: Used business aircraft include light, mid-size and large aircraft utilized for business and personal airplane trip. There is increasing demand for used business jets as companies seek cost-effective, versatile travel options. Some recent developments are the upgrade of cabin and avionics, while customers mainly focus on operational versatility and refining travel experience in an environment of economic recovery.
- Military Aircraft: The used military aircraft comprises fighter jets, transport planes and helicopters that were earlier in the possession of defence forces. The market identified interests from private entities and government military aircraft mainly for training or to conduct specific operations. Some of them include retrofitting for civilian applications as well as growing demand for cost effective and used defence technologies due to growing conflicts on the international level.
- General Aviation: Used general aviation aircraft include piston planes, turboprops, and helicopters used for recreational, private, or light commercial purposes. Cost effectiveness and rising recreational flying are what drive the market. Trends feature increased interest in personal aircraft due to travel flexibility and upgrades to enhance performance and safety, with strong recovery as leisure travel picks up.
By Age of Aircraft
- 0-10 Years: Aircraft aged 0-10 years are relatively new, often featuring modern technology and higher fuel efficiency. These aircrafts are in high demand as they can be maintained for a relatively cheaper price and have a higher remaining utilization rate as compared to other commercial aircraft. They draw customers that seek nearly new performance and improved features. There exists great competition in the market for these types of planes and the prices are generally high since most of them are newly manufactured and made with modern technology.
- 11-20 Years: Aircraft in this age group which are 11 to 20 years are categorized as mid-life age aircraft as they contain a mixture of technology and age and expense. Such aircrafts are sometimes modified to increase their use span and to conform to current requirements. It is for this reason that buyers find them cheaper than the new models while still being endowed with fairly modern features. The market trend also consists of the rising number of customers desiring to retrofit and refurbish these planes for competitiveness and appeal.
- 21+ Years: Aircraft aged 21 years and older are considered older assets, typically with higher maintenance needs and outdated technology. This segment faces challenges due to rising maintenance costs and stricter regulations. However, opportunities exist for cargo conversions and retrofitting with modern technology. Buyers often seek these aircraft for lower purchase costs, but they must be prepared for higher operational expenses and potential refurbishment requirements.
By End Users
- Airlines: Airlines purchase used aircraft to expand or modernize fleets cost-effectively. Trends include increased demand for fuel efficient models and aircraft that have been converted from passenger carrying to cargo. Used aircraft are popular among airlines since it helps to control capital expenses in such conditions as fluctuations in the airline market or economic crises.
- Charter Services: Charter services purchase second-hand planes that give clients a broad and affordable mode of transport. Some of the trends are improvement of interiors and avionics to improve passenger comfort and satisfaction and meet diverse client needs while managing operating costs.
- Private Owners: Individuals and businessman purchase second-hand aircraft for their own use or for business, they are not much concern with new models in the market. Trends include a trend for installations and modernization of interiors which remains a luxury and comfort and with lower price range.
- Government & Military: Governments and military departments get involved in the purchase of second-hand aircraft include training and transportation. Some trends are to adapt the aircraft that are no longer used for their original purpose, or for retrofitting to improve its operation according to the new standards or economic efficiency.
- Others: This category includes leasing companies and aviation training institutes that acquire used aircraft for lease or educational purposes. Trends involve focusing on aircraft with flexible configurations and modernization potential to appeal to diverse market segments.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 2,313.6 Million |
Projected Market Size in 2033 | USD 4,325.5 Million |
Market Size in 2023 | USD 2,158.2 Million |
CAGR Growth Rate | 7.2% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Aircraft Type, Age of Aircraft, End-User and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Used Aircraft Market: Regional Analysis
The Used Aircraft Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: The Used aircraft market in North America is mainly fostered by the concerns of fleet renewal and technology upgrading. Issues are regulations that demand the development of fuel-efficient green aircraft, as well as competition within the industry as a factor increasing the demand for new and advanced technology. It also registers high levels of leasing companies’ activity and a saturated aftermarket of commercial and business aircraft.
- Europe: In Europe specifically, the market of used aircraft is thus characterized by a high emphasis on environmental standards. Some of the trends include a growing number of orders for aircraft that are designed to meet the new emission requirements as well as adjustment of the production of the older models to the requirements of the current legislation. Also, there is an increasing demand for passenger to freighter conversion as logistics requirements in the continent are concerned.
- Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in air travel, which drives demand for used aircraft as airlines expand their fleets. Trends include high demand for cost-effective solutions and a preference for newer aircraft with advanced technology to meet competitive market needs. The region also sees increased activity from emerging economies looking to quickly scale their aviation infrastructure.
- LAMEA (Latin America, Middle East, and Africa): In LAMEA, used aircraft market trends are more or less linked to the affordability and growth of their fleets. Some include the sustained demand for older and slightly used aircraft due to cheap prices and changes in usage of aircraft through conversions for different services like cargo and special ops. There is also an increasing number of private owners and charter services that look for cheap solutions in this region.
Competitive Landscape: Used Aircraft Market
The Used Aircraft Market is highly competitive, with a large number of key players globally. Some of the key players in the market include:
- AerCap Holdings N.V.
- Aviation Capital Group LLC
- Boeing Capital Corporation
- General Electric Capital Aviation Services (GECAS)
- Aircastle Limited
- AVITAS Inc.
- Bombardier Inc.
- International AirFinance Corporation
- Textron Aviation Inc.
- Embraer S.A.
- Jetcraft Corporation
- Airbus S.A.S.
- Falcon Aviation Services
- Willis Lease Finance Corporation
- Avolon Aerospace Leasing Limited
- Others
These companies operate in the market through various strategies such as innovation, mergers and acquisitions, and partnerships.
New players entering the used aircraft market, such as Airbus Corporate Jets and AvBuyer, are adopting innovations like advanced digital platforms for transactions and enhanced aircraft customization services to attract buyers. They focus on streamlining the purchasing process and offering tailored solutions.
Dominant key players include AerCap Holdings N.V., Aviation Capital Group LLC, and GECAS, who lead through extensive fleets, global reach, and strong financial backing. Their dominance stems from large-scale operations, significant inventory, and robust leasing and financing options, making them key influencers in the market.
The Used Aircraft Market is segmented as follows:
By Aircraft Type
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- General Aviation
By Age of Aircraft
- 0-10 Years
- 11-20 Years
- 21+ Years
By End-User
- Airlines
- Charter Services
- Private Owners
- Government & Military
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Used Aircraft Market, (2024 – 2033) (USD Million)
- 2.2 Global Used Aircraft Market: snapshot
- Chapter 3. Global Used Aircraft Market – Industry Analysis
- 3.1 Used Aircraft Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Cost Efficiency
- 3.2.2 Growing Cargo Demand
- 3.2.3 Fleet Modernization
- 3.2.4 Emerging Markets
- 3.2.5 Sustainability Initiatives.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Aircraft Type
- 3.7.2 Market Attractiveness Analysis By Age of Aircraft
- 3.7.3 Market Attractiveness Analysis By End-User
- Chapter 4. Global Used Aircraft Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Used Aircraft Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Used Aircraft Market – Aircraft Type Analysis
- 5.1 Global Used Aircraft Market Overview: By Aircraft Type
- 5.1.1 Global Used Aircraft Market Share, By Aircraft Type, 2023 and 2033
- 5.2 Commercial Aircraft
- 5.2.1 Global Used Aircraft Market by Commercial Aircraft, 2024 – 2033 (USD Million)
- 5.3 Business Aircraft
- 5.3.1 Global Used Aircraft Market by Business Aircraft, 2024 – 2033 (USD Million)
- 5.4 Military Aircraft
- 5.4.1 Global Used Aircraft Market by Military Aircraft, 2024 – 2033 (USD Million)
- 5.5 General Aviation
- 5.5.1 Global Used Aircraft Market by General Aviation, 2024 – 2033 (USD Million)
- 5.1 Global Used Aircraft Market Overview: By Aircraft Type
- Chapter 6. Global Used Aircraft Market: Age of Aircraft Analysis
- 6.1 Global Used Aircraft Market Overview: By Age of Aircraft
- 6.1.1 Global Used Aircraft Market Share, By Age of Aircraft, 2023 and 2033
- 6.2 0-10 Years
- 6.2.1 Global Used Aircraft Market by 0-10 Years, 2024 – 2033 (USD Million)
- 6.3 11-20 Years
- 6.3.1 Global Used Aircraft Market by 11-20 Years, 2024 – 2033 (USD Million)
- 6.4 21+ Years
- 6.4.1 Global Used Aircraft Market by 21+ Years, 2024 – 2033 (USD Million)
- 6.1 Global Used Aircraft Market Overview: By Age of Aircraft
- Chapter 7. Global Used Aircraft Market: End-User Analysis
- 7.1 Global Used Aircraft Market Overview: By End-User
- 7.1.1 Global Used Aircraft Market Share, By End-User, 2023 and 2033
- 7.2 Airlines
- 7.2.1 Global Used Aircraft Market by Airlines, 2024 – 2033 (USD Million)
- 7.3 Charter Services
- 7.3.1 Global Used Aircraft Market by Charter Services, 2024 – 2033 (USD Million)
- 7.4 Private Owners
- 7.4.1 Global Used Aircraft Market by Private Owners, 2024 – 2033 (USD Million)
- 7.5 Government & Military
- 7.5.1 Global Used Aircraft Market by Government & Military, 2024 – 2033 (USD Million)
- 7.6 Others
- 7.6.1 Global Used Aircraft Market by Others, 2024 – 2033 (USD Million)
- 7.1 Global Used Aircraft Market Overview: By End-User
- Chapter 8. Used Aircraft Market – Regional Analysis
- 8.1 Global Used Aircraft Market Regional Overview
- 8.2 Global Used Aircraft Market Share, by Region, 2023 & 2033 (USD Million)
- 8.3. North America
- 8.3.1 North America Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.3.1.1 North America Used Aircraft Market, by Country, 2024 – 2033 (USD Million)
- 8.3.1 North America Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.4 North America Used Aircraft Market, by Aircraft Type, 2024 – 2033
- 8.4.1 North America Used Aircraft Market, by Aircraft Type, 2024 – 2033 (USD Million)
- 8.5 North America Used Aircraft Market, by Age of Aircraft, 2024 – 2033
- 8.5.1 North America Used Aircraft Market, by Age of Aircraft, 2024 – 2033 (USD Million)
- 8.6 North America Used Aircraft Market, by End-User, 2024 – 2033
- 8.6.1 North America Used Aircraft Market, by End-User, 2024 – 2033 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.7.1.1 Europe Used Aircraft Market, by Country, 2024 – 2033 (USD Million)
- 8.7.1 Europe Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.8 Europe Used Aircraft Market, by Aircraft Type, 2024 – 2033
- 8.8.1 Europe Used Aircraft Market, by Aircraft Type, 2024 – 2033 (USD Million)
- 8.9 Europe Used Aircraft Market, by Age of Aircraft, 2024 – 2033
- 8.9.1 Europe Used Aircraft Market, by Age of Aircraft, 2024 – 2033 (USD Million)
- 8.10 Europe Used Aircraft Market, by End-User, 2024 – 2033
- 8.10.1 Europe Used Aircraft Market, by End-User, 2024 – 2033 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.11.1.1 Asia Pacific Used Aircraft Market, by Country, 2024 – 2033 (USD Million)
- 8.11.1 Asia Pacific Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.12 Asia Pacific Used Aircraft Market, by Aircraft Type, 2024 – 2033
- 8.12.1 Asia Pacific Used Aircraft Market, by Aircraft Type, 2024 – 2033 (USD Million)
- 8.13 Asia Pacific Used Aircraft Market, by Age of Aircraft, 2024 – 2033
- 8.13.1 Asia Pacific Used Aircraft Market, by Age of Aircraft, 2024 – 2033 (USD Million)
- 8.14 Asia Pacific Used Aircraft Market, by End-User, 2024 – 2033
- 8.14.1 Asia Pacific Used Aircraft Market, by End-User, 2024 – 2033 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.15.1.1 Latin America Used Aircraft Market, by Country, 2024 – 2033 (USD Million)
- 8.15.1 Latin America Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.16 Latin America Used Aircraft Market, by Aircraft Type, 2024 – 2033
- 8.16.1 Latin America Used Aircraft Market, by Aircraft Type, 2024 – 2033 (USD Million)
- 8.17 Latin America Used Aircraft Market, by Age of Aircraft, 2024 – 2033
- 8.17.1 Latin America Used Aircraft Market, by Age of Aircraft, 2024 – 2033 (USD Million)
- 8.18 Latin America Used Aircraft Market, by End-User, 2024 – 2033
- 8.18.1 Latin America Used Aircraft Market, by End-User, 2024 – 2033 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.19.1.1 The Middle-East and Africa Used Aircraft Market, by Country, 2024 – 2033 (USD Million)
- 8.19.1 The Middle-East and Africa Used Aircraft Market, 2024 – 2033 (USD Million)
- 8.20 The Middle-East and Africa Used Aircraft Market, by Aircraft Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Used Aircraft Market, by Aircraft Type, 2024 – 2033 (USD Million)
- 8.21 The Middle-East and Africa Used Aircraft Market, by Age of Aircraft, 2024 – 2033
- 8.21.1 The Middle-East and Africa Used Aircraft Market, by Age of Aircraft, 2024 – 2033 (USD Million)
- 8.22 The Middle-East and Africa Used Aircraft Market, by End-User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Used Aircraft Market, by End-User, 2024 – 2033 (USD Million)
- Chapter 9. Company Profiles
- 9.1 AerCap Holdings N.V.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Aviation Capital Group LLC
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Boeing Capital Corporation
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 General Electric Capital Aviation Services (GECAS)
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Aircastle Limited
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 AVITAS Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Bombardier Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 International AirFinance Corporation
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Textron Aviation Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Embraer S.A.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Jetcraft Corporation
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Airbus S.A.S.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Falcon Aviation Services
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Willis Lease Finance Corporation
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Avolon Aerospace Leasing Limited
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Others.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.1 AerCap Holdings N.V.
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
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Demand-side |
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Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
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Prominent Player
- AerCap Holdings N.V.
- Aviation Capital Group LLC
- Boeing Capital Corporation
- General Electric Capital Aviation Services (GECAS)
- Aircastle Limited
- AVITAS Inc.
- Bombardier Inc.
- International AirFinance Corporation
- Textron Aviation Inc.
- Embraer S.A.
- Jetcraft Corporation
- Airbus S.A.S.
- Falcon Aviation Services
- Willis Lease Finance Corporation
- Avolon Aerospace Leasing Limited
- Others
FAQs
The key factors driving the Market are Cost Efficiency, Growing Cargo Demand, Fleet Modernization, Emerging Markets, Sustainability Initiatives.
The “Commercial Aircraft” category dominated the market in 2023.
The key players in the market are AerCap Holdings N.V., Aviation Capital Group LLC, Boeing Capital Corporation, General Electric Capital Aviation Services (GECAS), Aircastle Limited, AVITAS Inc., Bombardier Inc., International AirFinance Corporation, Textron Aviation Inc., Embraer S.A., Jetcraft Corporation, Airbus S.A.S., Falcon Aviation Services, Willis Lease Finance Corporation, Avolon Aerospace Leasing Limited, Others.
“North America” had the largest share in the Used Aircraft Market.
The global market is projected to grow at a CAGR of 7.2% during the forecast period, 2024-2033.
The Used Aircraft Market size was valued at USD 2,313.6 Million in 2024.