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.
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.
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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).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of aircraft refurbishing companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=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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Global Aircraft Refurbishing Market – Industry Trends and Forecast to 2028