Aircraft Engine Leasing Market Projected to Reach $5.02 Billion by 2031

The global market for aircraft engine leasing is expected to reach $5.02 billion by 2031, according to a new market research report published by QY Research Inc. The market was estimated to be valued at approximately $3.3 billion in 2025. From 2026 to 2032, the market is projected to grow at a compound annual growth rate (CAGR) of 7.2 percent.

Aircraft engine leasing is an aviation asset leasing business where airlines or other aircraft operators acquire the right to use aircraft engines through a leasing contract. This allows them to support fleet operations, secure spare engines, and meet maintenance, repair, and overhaul (MRO) needs without outright purchasing the engines.

The lessors, which include specialized engine leasing companies and aviation asset management firms, own and manage the engine assets and lease them to customers. This model provides flexibility for operators and allows lessors to manage engine lifecycles and remarketing.

The QY Research report provides a comprehensive analysis of the global aircraft engine leasing market. It includes market size, share, demand, industry development status, and forecasts for the upcoming years, based on historical analysis from 2020-2024 and forecast calculations for 2026-2032.