Freighter Conversions Market Size, Share, Growth, and Industry Growth by Type (Wide body Conversions and Narrow body Conversions) By Application (Logistics Company, Airlines & Rental, and Others) Regional Forecast From 2025 To 2034

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FREIGHTER CONVERSIONS MARKET OVERVIEW

The global Freighter Conversions Market size stood at USD 0.56 billion in 2025, growing further to USD 1.63 billion by 2034 at an estimated CAGR of 12.55% from 2025 to 2034.

The United States Freighter Conversions Market size is projected at USD 0.19116 billion in 2025, the Europe Freighter Conversions Market size is projected at USD 0.13009 billion in 2025, and the China Freighter Conversions Market size is projected at USD 0.16823 billion in 2025.

The freighter conversions market growth is attributed to the dramatic expansion of e-commerce in present days and the massive demand for aircraft in both commercial and industrial goods transportation. The aircraft is designed or converted for carrying cargo. Further, increased need for air cargo and several airlines are temporarily converting to cargo aircraft for the transportation of goods. Also, civil passenger airlines and cargo transport operators such as DHL are anticipated to fuel market growth. Increased investment by market players is expected to surge market progress. Huge preference of airlines to modify old passenger aircraft into freighter aircraft. Growth in the aviation sector and a rise in demand for goods transportation among growing consumers are anticipated to fuel market growth in the forthcoming years. On the contrary, the high cost of the conversion process is projected to limit the market growth. Also, the lack of old aircraft in a condition for restoration is estimated to obstruct market progress in the forthcoming years.Freighter conversions mean the process of converting a passenger aircraft to a freighter type. 

KEY FINDINGS

COVID-19 IMPACT 

Travel Restriction During the Pandemic to Obstruct Market Growth 

Travel restrictions due to the outbreak of the COVID-19 pandemic to minimize market growth. Closure of aircraft sector and social distance protocols to harm market growth. Further, the shutting of manufacturing units and the unavailability of resources and raw material limit market growth.

LATEST TRENDS

Rapid Growth in E-Commerce to Accelerate Market Progress

Rapid growth in e-commerce among growing consumers is estimated to drive market growth. Increased need to transport goods and the conversion offers a solution for the air cargo capacity is predicted to drive market progress. Freighter conversions mean the process of converting a passenger aircraft to a freighter type, which helps to transport goods across the worldwide. An increased number of old aircraft and numerous old airlines agreeing to convert aircraft are estimated to foster market growth. Increased number of market players in the market and ongoing research and development activities are projected to fuel market growth in the forthcoming years.

• Airbus forecasts that conversions will comprise over 60% (~1,590 of 2,510) of new freighter deliveries between 2023 and 2042.

• In mid‑2023, narrowbody freighter conversion volume was roughly half the January–June 2019 level (from ~46 down to ~23 units)

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FREIGHTER CONVERSIONS MARKET SEGMENTATION

By Type

Based on type, the market is divided into wide body conversions and narrow body conversions.

Wide body conversions are expected to be the top part of the segmentation type.

By Application

Based on the application, the market is divided into logistics company, airlines & rental, and others.

Logistics company is expected to be the top part of application segmentation.

DRIVING FACTORS

Increased Online Shopping and Increased Investment by Market Players to Boost Market Growth

Increasing demand for online shopping and high need to deliver goods on time. High need for costumer delivery punctuation is anticipated to fuel market progress. The aircraft is designed or converted for carrying cargo. Further, increased demand for air cargo and several airlines are temporarily transformed into cargo aircraft for the transportation of goods. Also, civil passenger’s airlines and cargo transport operators such as DHL are anticipated to fuel market growth. Increased investment by market players is expected to surge market progress. Huge preference of airlines to modify old passenger aircraft into freighter aircraft. Growth in the aviation sector and a rise in demand for goods transportation among growing consumers are anticipated to fuel market growth in the forthcoming years.

Growing Need for Conversion to Accelerate Market Progress

Increasing demand for conversion and change in consumer preferences is anticipated to fuel market growth. Rise in disposable income and huge growth in aircraft sector is expected to fuel market growth. Huge need for cost-effective conversion and presence of large feed stock is estimated to upsize the market progress.

• Mid‑life aircraft redirection: ~38% of older wide‑body aircraft are now being redeployed into cargo service via conversions.

• E‑commerce’s share of global retail sales has surged to ~22%, boosting demand for air‑cargo capacity through converted aircraft.

RESTRAINING FACTORS

High Cost for Conversion Process to Limit Market Growth

The high cost of the conversion process is projected to limit the market growth. Also, the lack of old aircraft in a condition for restoration is estimated to obstruct market progress in the forthcoming years.

• Industry experts expect a slowdown in CTK growth to just ~5% in 2025, down from ~11% year‑on‑year previously.

• Overcapacity in narrowbody converted freighters and feedstock shortages continue to limit conversion uptake despite earlier surges.

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FREIGHTER CONVERSIONS MARKET REGIONAL INSIGHTS

Increasing Demand for E-Commerce in Asia Pacific to Drive Market Share

Asia Pacific region is estimated to account for the largest freighter conversions market share owing to the increase in e-commerce. Increased preference for online shopping and the presence of manufacturing units in the region is predicted to drive market growth. Growth in electronic and aircraft sector coupled with several number of market players is estimated to surge market growth in the forthcoming years.

North America is anticipated to hold significant market growth owing to increased need for air cargo and several airlines are temporarily converted into cargo aircraft for transportation of goods. Also, civil passenger airlines and cargo transport operators such as DHL are anticipated to fuel market growth. Increased investment by market players is anticipated to surge market progress. Huge preference of airlines to modify old passenger aircraft into freighter aircraft. Growth in aviation sector and rise in demand for goods transportation among growing consumers are anticipated to fuel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

Leading Players Adopt New Strategies to Stay Competitive

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

• AEI has been among the top-ranked providers profiled with detailed market share and service listings in global conversion reports.

• Pemco Conversions (Airborne Maintenance & Engineering Services) offers Boeing 737NG freight conversions, typically completed in 90–120 days.

List of Top Freighter Conversions Companies

• AEI
• Pemco Conversions
• IAI Bedek
• Precision Aircraft Solutions
• ST Engineering
• HAECO

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.