What Happened
Industry Applications Drive Demand For Pre-Owned Planes
The used aircraft market is expected to experience steady growth, driven by increasing demand for affordable aircraft options and efforts to expand or modernize fleets efficiently. The market is projected to reach $46.06 billion by 2030, with a compound annual growth rate (CAGR) of 7.1%. This growth is largely due to the rising acceptance of pre-owned planes by budget-conscious operators and the growing need for rapid fleet growth. According to The Business Research Company, the market’s expansion is also supported by the increase in air passenger traffic, which has led to a surge in demand for cost-effective fleet expansion solutions.