Global Aircraft Refurbishing Market, By Aircraft Type (Very Light Aircraft, Wide Body Aircraft, Narrow Body Aircraft, Large Body Aircraft and VIP Aircraft), Refurbishing Type (Passenger to Freighter Refurbishing, VIP Cabin Refurbishing and Commercial Cabin Refurbishing), Fitting Type (Retrofit, IFEC and Passenger Seats), Service (Interior Refurbishment and Exterior Refurbishment), End User (Aircraft Manufacturers and Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Aircraft Refurbishing Market
Rising demand for fuel-efficient aircraft with reducing fuel consumption has led to the rise in demand for aircraft refurbishing. Data Bridge Market Research analyses that the aircraft refurbishing market would exhibit a CAGR of 5.20% for the forecast period. On the basis of current trends and insights, the current aircraft refurbishing market value i.e. USD 4,756.50 million will climb up to USD 7,135.31 million by the year 2028.
Aircraft refurbishing refers to modifying the interior and exterior of the aircraft. Aircraft refurbishing is the up-gradation and renovation including components, structural repairs, avionics systems, and much more. In aircraft refurbishing, various parts of the interior are made of different lightweight materials such as plastic, board, form, textile, and other composite material to reduce the gross weight of the aircraft.
The rising need for aircraft interiors has led to the overall rise in the demand for aircraft refurbishing across the globe. The rise in demand for world-class experience by the passengers has also led to the creation of lucrative growth opportunities. Also, increasing demand for narrow-body aircraft has further widened the scope of growth for the aircraft refurbishing market. Improving fuel efficiency coupled with reducing operational cost has further induced the aircraft refurbishing market growth. Also, the rise in the purchase of former airline aircraft for business purposes by the various end-user verticals has fostered the growth of the market.
However, time-consuming processes like passive inflammation and certification tests will slow down the aircraft refurbishing market growth rate. The introduction of new aircraft with lightweight and low maintenance materials will also challenge the aircraft refurbishing market growth. The high initial investment required will further restrict the scope of growth.
This aircraft refurbishing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aircraft refurbishing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aircraft Refurbishing Market Scope and Market Size
The aircraft refurbishing market is segmented on the basis of aircraft type, refurbishing type, fitting type, service and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- 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.
Global Aircraft Refurbishing Market Country Level Analysis
The aircraft refurbishing market is analysed and market size insights and trends are provided by country, aircraft type, refurbishing type, fitting type, service and end user covered as referenced above.
The countries covered in the aircraft refurbishing market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America lions the market and will continue to dominate the global aircraft refurbishing market due to the prevalence of leading market players along with rising need to improve design to meet customer preferences. Asia-Pacific on the other hand, will undergo substantial growth and exhibit highest growth rate during the forecast period owing to the rising demand of the domestic aircraft along with prevalence of local players.
The country section of the aircraft refurbishing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Aircraft Refurbishing Market Share Analysis
The aircraft refurbishing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aircraft refurbishing market.
The major players covered in the aircraft refurbishing market report are Rose Aircraft Services., SIA Engineering Company., DUNCAN AVIATION INC., 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, JAMCO AMERICA, INC., Jet Aviation Inc. and ST Engineering. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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