Aircraft Refurbishing Market Demand, Investment Opportunities, Size, Share, Scope & Forecast To 2028
Increasing demand for attractive interior lighting and in-flight entertainment systems is one of the key factors driving global aircraft refurbishing market growth
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. Steady increase in demand for attractive interior designs along with development of in-flight entertainment systems is a key factor driving market revenue growth. Rising competition among domestic and international airline carriers and need to comply with various standards, drive brand value, and offer more enhanced flight experience are some key factors resulting in refurbishing of aircraft and installation or more attractive interior design.
In terms of features, functions, and applications, aircraft cabins have innovated significantly over the years with the help of refurbishing. Growing trend of brand endorsement and cabin branding and rising focus on offering additional value and features, services, ambience, and comfort to passengers are expected to support market growth.
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Some Key Highlights From the Report
- Wide-body aircraft segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as many airlines have reduced extra passenger space to maximize their overall revenue and profit margins over the years.
- 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.
- North America is expected to account for a larger revenue share than other regional markets over the forecast period due to government initiatives and investments that support growth of the aerospace industry in countries in the region.
Cue Members Interested In Aircraft Refurbishing Industry:
The Aircraft Refurbishing report also includes a list of the leading players in the market and expounds on their action plans for drawing higher revenues. The leading market players profiled in the 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. Furthermore, a detailed account of the key industry developments, viable market insights, and current market trends is also available in this report.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Aircraft Refurbishing market, the report estimates the CAGR for the market during the projected timeframe.
Geographical Terrain of the Global Aircraft Refurbishing Market:
- North America
- Europe Asia Pacific
- Latin America
- Middle East & Africa
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The report highlights the robust growth trajectory of the global Aircraft Refurbishing market, shedding light on significant market development. At the same time, the document offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.
The Aircraft Refurbishing market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2028. In addition, downstream demand analysis, upstream raw materials, consumption volume, and the market share of all the segments and sub-segments have also been discussed at length in the latest report. According to our analysts, the research methodology of the Aircraft Refurbishing market is based on both primary and secondary research data sources.
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
Alongside offering an in-depth analysis of the recent events that took place in the Aircraft Refurbishing industry, such as technological upgradation and new product launches, the report lays stress on the consequences of these events on the market.
Reasons to choose Emergen Research
Regional Demand Forecasts and Forecasts
Product price volatility
Technology update analysis
Location index analysis
Raw material procurement strategy
Product composition matrix
Supply chain optimization analysis
The report focuses on the global Aircraft Refurbishing market definition, market overview, product scope, description, characterization, and specification. The overall information offered by the report is based on thorough research on the latest market trends, development plans, growth patterns, and regulatory policies.
TOC OF Aircraft Refurbishing Industry
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Aircraft Refurbishing Market Segmentation & Impact Analysis
4.1. Aircraft Refurbishing Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Increasing demand for better air travel experience
184.108.40.206. Increasing demand for attractive interior and in-flight entertainment systems
220.127.116.11. Increasing demand for modular aircraft interior
18.104.22.168. Increasing demand for narrow-body aircraft
4.2.3. Market restrains analysis
22.214.171.124. Arrival of next generation low maintenance aircraft
126.96.36.199. Strict regulatory policies for emission of older aircraft
188.8.131.52. Lengthy process of passing flammability and certification tests
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Aircraft Refurbishing Market By Aircraft Type Insights & Trends, Revenue (USD Billion)
5.1. Aircraft Type Dynamics & Market Share, 2021–2028
5.1.1. Narrow Body Aircraft
5.1.2. Wide Body Aircraft
5.1.3. Large Body Aircraft
Chapter 6. Aircraft Refurbishing Market By Refurbishing Type Insights & Trends, Revenue (USD Billion)
6.1. Refurbishing Type Dynamics & Market Share, 2021–2028
6.1.1. Interior Refurbishing
6.1.2. Exterior Refurbishing
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