The global aircraft refurbishing market size reached USD 4.55 Billion in 2020 and is expected to register a revenue CAGR of 5.6%, during the forecast period, according to latest analysis by Emergen Research. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.Aircraft refurbishing service providers continue to explore more efficient and cost-effective, and visually appealing ways of refurbishing aircraft. In addition, consumer electronics are also integrated and repackaged as in-flight entertainment system components. Because these electronic components have a limited lifespan, aircraft refurbishment plays a crucial role in keeping these components ahead of the competition and avoid obsolescence
Increasing demand for attractive interior lighting and in-flight entertainment systems is one of the key factors driving global aircraft refurbishing market growth.Aircraft Refurbishing Market Size – USD 4.55 Billion in 2020, Market Growth – at a CAGR of 5.6%, Market Trends – Brand endorsement is driving demand for aircraft refurbishing
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Segmental Analysis
The global Aircraft Refurbishing market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Aircraft Refurbishing sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
VIP cabin segment is expected to register a significantly robust revenue growth rate over the forecast period. The refurbishment of VIP aircraft is on the rise as premium customers seek more luxurious travel experiences. Cabins are increasingly being used as a crucial area and part of the aircraft, and besides innovative interiors and offerings, branding and ultra-high tech lighting and other aspects are taking place through refurbishing.
Regional Analysis of the Aircraft Refurbishing Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Some major companies in the market report include Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Aerospace, Lufthansa Technik AG, AAR Corporation, Rolls Royce Holdings PLC, SIA Engineering Company Limited, Delta TechOps, SR Technics Switzerland AG, Turkish Technic, and MRO Holdings, Inc.
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Key Points of Aircraft Refurbishing Market:
Extensive coverage of the analysis of the Aircraft Refurbishing market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Aircraft Refurbishing market
Complete data about the key manufacturers and vendors in the Aircraft Refurbishing market
Emergen Research has segmented the global aircraft refurbishing on the basis of aircraft type, refurbishing type, applications, fitting type, and region:
- Aircraft Type Outlook (Revenue, USD Billion; 2018–2028)
- Narrow Body Aircraft
- Wide Body Aircraft
- Large Body Aircraft
- Refurbishing Type Outlook (Revenue, USD Billion; 2018–2028)
- Interior Refurbishing
- Exterior Refurbishing
- Applications Outlook (Revenue, USD Billion; 2018–2028)
- Passenger To Freighter
- Commercial Cabin
- VIP Cabin
- Fitting Type Outlook (Revenue, USD Billion; 2018–2028)
- Passenger Seat
- LED Lighting
- Retrofit
There are 15 Chapters to deeply display the global Aircraft Refurbishing market.
The report is distributed over 15 Chapters to display the analysis of the global Aircraft Refurbishing market.
Chapter 1 covers the Aircraft Refurbishing Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2 talks about the top manufacturers and analyses their sales, revenue and pricing decisions for the duration 2016 and 2017;
Chapter 3 displays the competitive nature of the market by discussing the competition among the top manufacturers. It dissects the market using sales, revenue and market share data for 2016 and 2017;
Chapter 4, shows the global market by regions and the proportionate size of each market region based on sales, revenue and market share of Aircraft Refurbishing, for the period 2012- 2017;
Chapter 5, 6, 7, 8 and 9, are dedicated to the analysis of the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, talk about the application and types of Aircraft Refurbishing in the market using the same set of data for the period 2012-2017;
Chapter 12 provides the market forecast by regions, types and applications using sales and revenue data for the period 2017-2022;
Chapter 13, 14 and 15 describe the value chain by focusing on the sales channel and the distributors, traders, dealers of the Aircraft Refurbishing. The concluding chapter also includes research findings and conclusion.
Why choose emergen research ?
- Extensive market scope covering all major offerings in the ecosystem
- In-depth analysis for all the countries covered in each report
- Current and upcoming trends impact analysis
- Robust Research Methodology
- Comprehensive Reports
- Latest Technological Developments
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About Emergen Research
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