Global Aircraft Refurbishing Market, By Aircraft Type (Wide-Body, Narrow-Body), By Refurbishing Type

Published Date: | Report Code : AD199995

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The aircraft refurbishing market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed a number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.

The technique of renovating the interior of the cabin, installing fresh equipment and making necessary adjustments to an aircraft, improving convenience and providing passengers with a world-class experience is known as refurbishing aircraft. This includes not only interior changes but also exterior changes, aerodynamic changes and other upgrades.

The need to change an aircraft's interior and/or exterior – be it aircraft, steering wheels, helicopters or gliders – has risen to an unrivaled point over the past couple of years, and aircraft and airline owners have retrofitted their airborne cars in a shorter cycle than before.

Segment Analysis:

The variables driving market growth are the growing need for aircraft interiors to be modified and demand for narrow body aircraft to be increased. One of the main aircraft refurbishing market trends that will add to development will be the growth in air travel.

Factors like rising financial prices and increasing preference for low-cost air carriers are increasing demand for air travel. This is anticipated to lead to increased acceptance of renovated and new-generation aircraft that help airlines serve more passengers and boost their connectivity points worldwide.

Key Factors Impacting Market Growth:

  • High demand for large-scale aircraft and VIP

  • Increasing preference for low-cost airlines

  • Passing inflammability and testing for certification

Regional Analysis:

North America, Western Europe, and Asia Pacific are estimated to dominate the aircraft refurbishing market by regions during the forecast period. North America region includes the US, Canada, and Mexico. This region is dominated by the US with a substantial market share. The presence of key players operating in the market along with an established infrastructure and government spending are expected to drive the demand in the region. Western Europe consists is another major region with countries such as Germany, UK, France, and Italy. Some of these countries are major exporters of aerospace & defense technologies to the World. In addition to this, there has been strong government spending on development and acquisition of new technologies in recent years. The Asia Pacific consisting of China, Japan, India, and South Korea is estimated to register the highest CAGR for the aircraft refurbishing market during the forecast period. Middle East and Eastern Europe regions have a strong potential for aircraft refurbishing market during the forecast period.

Companies Covered: AAR, Air France Industries KLM E&M, Ascent Aviation Services, GKN, Hong Kong Aircraft Engineering Company, Jamco America Inc., JCB Aero, Lufthansa Technik, SIA Engineering Company, Singapore Technologies Engineering Ltd. …

Market Segmentation:

By Aircraft Type:

  • Wide-Body

  • Narrow-Body

By Refurbishing Type:

  • Partial or Complete Refurbishing

  • In-Flight Entertainment and Connectivity System

  • Cockpit

  • Others

By Application:

  • Passenger to Freighter

  • Commercial Cabin Refurbishing

  • VIP Cabin Refurbishing

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Aircraft Type

    • By Refurbishing Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the aircraft refurbishing market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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