Aircraft Refurbishing Market Highlights
The method of renovating the cabin interior, installing new facilities, and making required changes to an aircraft, to improve the comfort and provide a world-class experience to the passengers, is known as aircraft refurbishing. This does not only comprise interior modifications but also, exterior modifications, aerodynamic modifications, and other upgrades.
The factors driving the growth of the market are thee rising need to modify aircraft interiors and increasing demand for narrow body aircraft. However, a major challenge to this market growth is the high initial investment required for aircraft refurbishing.
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Key Players
The key players in the aircraft refurbishing market are –
- AAR (U.S.)
- Air France Industries KLM E&M (France)
- Ascent Aviation Services (U.S.)
- GKN (UK)
- Hong Kong Aircraft Engineering Company (China)
- Jamco America Inc. (U.S.)
- JCB Aero (France)
- Lufthansa Technik (Germany)
- SIA Engineering Company (Singapore)
- Singapore Technologies Engineering Ltd. (Singapore)
Scope of the Report
This study provides an overview of the global aircraft refurbishing market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global Aircraft Refurbishing market by aircraft type, refurbishing type, application, and region.
Aircraft Type
- Wide-Body
- Narrow-Body
Refurbishing Type
- Partial or Complete Refurbishing
- In-Flight Entertainment and Connectivity System
- Cockpit
- Others
Application
- Passenger to Freighter
- Commercial Cabin Refurbishing
- VIP Cabin Refurbishing
By Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Market Research Analysis
The aircraft refurbishing market has been segmented into aircraft type, refurbishing type, application, and region. By aircraft type, the market has been segmented into wide-body aircraft and narrow-body aircraft. As the demand for narrow-body aircraft is higher, as compared to wide-body aircraft, due to the increasing number of domestic air passengers, the market for narrow-body aircraft refurbishing is expected to grow at a higher rate during the forecast period.
By application, the market has been segmented into passenger to freighter, commercial cabin refurbishing, and VIP cabin refurbishing. The passenger to freighter segment of the market is expected to grow at the highest rate during the forecast period, because conversion of a passenger aircraft into a freighter plane, is a mode to extend the lifespan of an aircraft. This growth can also be attributed to the high investments by airline companies in passengers to freighter conversions, for effective usage of the fleet and cost savings.
The aircraft refurbishing market in North America is expected to witness the highest growth during the forecast period. The growth in this region is attributed to the large demand for aircraft refurbishing by several airline companies, including Alaska Airline, Hawaiian, Delta, Jet Blue, Frontier Airline; and private jet owners. Therefore, the global aircraft refurbishment market is estimated to witness a CAGR of more than 6% during the forecast period, from 2018 to 2023.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objectives
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Supplies
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued……..
List Of Tables
Table 1 Global Aircraft Refurbishing Market, By Region, 2018–2023
Table 2 North America: Aircraft Refurbishing Market, By Country, 2018–2023
Table 3 Europe: Aircraft Refurbishing Market, By Country, 2018–2023
Table 4 Asia-Pacific: Aircraft Refurbishing Market, By Country, 2018–2023
Table 5 Middle East & Africa: Aircraft Refurbishing Market, By Country, 2018–2023
Table 6 Latin America: Aircraft Refurbishing Market, By Country, 2018–2023
Table 7 Global Aircraft Refurbishing Market, By Aircraft Type, 2018–2023
Table 8 North America: Aircraft Refurbishing Market, By Aircraft Type, 2018–2023
Table 9 Europe: Aircraft Refurbishing Market, By Aircraft Type, 2018–2023
Continued…….
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