Global Aircraft Refurbishing Market by Type (Wide-Body, Narrow-Body), Refurbishing Type (Partial or Complete, IFEC System, Others), Application (Passenger to Freighter, Commercial Cabin Refurbishing, VIP Cabin Refurbishing), & Region — Forecast till 2023
Hadapsar, Pune, India - September 18, 2018 /MarketersMedia/ —
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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The market in Europe is expected to witness the highest growth during the forecast period. This growth is attributed to the increasing demand for aircraft refurbishing in this region during the forecast period. Moreover, countries such as the U.K, Germany, and France are expected to contribute to the growth of the regional market.
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)
Segmentation and Regional 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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Scope of Report
The report on the global aircraft refurbishing market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, and the technological, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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
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
Continued.........
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued.........
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