Global Aircraft Refurbishing Market is Expected to Reach a Value of USD 7,135.31 Million by 2028

The Global Aircraft Refurbishing Market is expected to grow at a compound annual growth rate of 5.20% in the forecast period of 2021 to 2028 and is likely to reach a value of USD 7,135.31 million by 2028. The rise in the need for aircraft interiors is a significant factor driving the market growth rate.

Likewise, the increase in the research and development and high demand for narrow-body aircraft will produce lucrative opportunities for the growth of the aircraft refurbishing market.                                                                     

Aircraft Refurbishing Market Scenario

According to Data Bridge Market Research the market for aircraft refurbishing is expected to gain growth because of the increase in demand for world-class experience by the passengers. Also the rise in the per capita incomes as well as the improving fuel efficiency coupled with reducing operational cost are also expected to fuel the demand of the aircraft refurbishing market over the forecast period of 2021 to 2028. Whereas, the introduction of new aircraft with lightweight and low maintenance materials and the rise in the purchase of former airline aircraft for business purposes by the various end-user verticals are expected to hinder the growth of the aircraft refurbishing market in the aforementioned forecast period.

Now the question is which are the other regions that aircraft refurbishing market is targeting? Data Bridge Market Research has estimated large growth in the Asia-Pacific due to rise in the demand of the domestic aircraft along with prevalence of local players.

For more analysis on the aircraft refurbishing market request for a briefing with our analysts

Aircraft Refurbishing Market Scope    

Aircraft refurbishing market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

  • All country based analysis of aircraft refurbishing market is further analyzed based on maximum granularity into further segmentation. Aircraft refurbishing market on the basis of aircraft type has been segmented as very light aircraft, wide body aircraft, narrow body aircraft, large body aircraft, and VIP aircraft. Based on refurbishing type, the aircraft refurbishing market has been segmented into passenger to freighter refurbishing, VIP cabin refurbishing, and commercial cabin refurbishing. On the basis of fitting type, the aircraft refurbishing market has been segmented into retrofit, IFEC, and passenger seats. On the basis of service, the aircraft refurbishing market has been segmented into interior refurbishment, and exterior refurbishment. Aircraft refurbishing has also been segmented on the basis of end user into aircraft manufacturers, and others.
  • Aircraft refurbishing refers to modifying the interior and exterior of the aircraft. Aircraft refurbishing is the up-gradation and renovation such as components, structural repairs, avionics systems, and much more.

To know more about the study,

Key Pointers Covered in the Aircraft Refurbishing Market Industry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Rose Aircraft Services
  • SIA Engineering Company
  • Collins Aerospace
  • Sabreliner Aviation
  • TIMCO Aviation Services, Inc
  • Gulfstream Aerospace Corporation
  • Nextant Aerospace
  • Safran
  • Lufthansa Technik
  • Epsilon Aerospace
  • Nordströmcreative
  • Bombardier
  • Ameco
  • Diehl Stiftung & Co. KG
  • Hong Kong Aircraft Engineering Company Limited
  • AAR
  • Jet Aviation Inc
  • ST Engineering

Above are the key players covered in the report, to know about more and exhaustive list of aircraft refurbishing companies’ contact us

Research Methodology of Global Aircraft Refurbishing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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