Latest News- Used Aircraft Market: 0-15 years is expected to lead the Product segment during 2025-2029

The Used Aircraft Market is being driven by Growth in number of low-cost carriers

The Used Aircraft Market is expected to grow at a CAGR of 7.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1815.6 million. In the global used aircraft market, developing countries such as India and China represent significant consumer bases due to financial constraints preventing the purchase of new aircraft. The surge in cross-border business activities fueled by globalization has intensified the demand for used aircraft, particularly in these countries. Notably, the expansion of businesses and the rise of high-net-worth individuals (HNWIs) in China and India have led to a substantial increase in the demand for private jets, thereby enhancing travel convenience. This trend is expected to persist, bolstering the growth of the used aircraft market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in number of low-cost carriers
• Increasing demand from defense sector
• High capital investment in new aircraft

However, the market also witnesses some limitations, which are as follows:

• High maintenance and operation cost
• Lack of availability of good-quality used aircraft
• Expansion of new aircraft production facilities

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Market Scope in Used Aircraft Market Research Report

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Research Analysis Overview

The Used Aircraft Market encompasses the buying and selling of previously owned aircraft between various stakeholders, including aircraft brokers, leasing organizations, individual buyers, sellers, private citizens, commercial operators, airlines, and more. This market caters to various types of aircraft such as regional jets, cargo aircraft, and freighters. Factors influencing demand include fuel-efficient options, passenger traffic, e-commerce growth, economic conditions, and flight activity. Airlines, commercial operators, and OEMs are significant players, with airline cash flows, aircraft orders, fuel efficiency, range, and economic conditions impacting their decisions. Engine technology, system integrators, commercial aviation, tourism, cross-border travelers, and commercial aircraft also contribute to the market's dynamics. Air passenger traffic, fuel efficiency, range, and deliveries are crucial considerations for buyers and sellers.

Market Research Overview

The used aircraft market is a significant segment of the global aerospace and defense industry. Key players in this market include aircraft brokers, leasing organizations, individual buyers, sellers, private citizens, and commercial operators. These entities transact in the buying, selling, and leasing of used regional jets and other types of aircraft. The aerospace and defense sector encompasses various domains, including naval, land, and air, as well as arms and ammunition, defense electronics, defense logistics equipment, space platforms, and launch vehicles. Additionally, the industry includes maintenance, overhaul, and repair (MRO) activities for both commercial and general aviation and defense sectors. According to Technavio, the global capital goods market, which includes the revenue generated by aerospace and defense manufacturers and providers, covers industries such as aerospace and defense, building, construction and engineering, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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