Aircraft Refurbishing Market Analysis | 2024-2030

“The Aircraft Refurbishing Market is likely to witness an impressive CAGR of 6.2% during the forecast period.” 

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Market Dynamics

Introduction

Aircraft Refurbishing is mostly maintenance of the aircraft to offer it a fresh look. This can include several procedures such as inspection, overhaul, rectification of the defect, modification, and others.

Aircraft Refurbishing is done on interior as well as exterior parts. Passenger to freighter, commercial aircraft cabin refurbishing, and VIP cabin refurbishing are the types of aircraft refurbishing.

Market Drivers

Several factors are attributed to this sudden spurt in growth, which include airlines and business jet owners undertaking retrofit of their aircraft in a shorter cycle than in the initial days of civil aviation. The future of this market will majorly be the various types of work that entail the overall process of a chain of complete conversions or cabin refurbishing, these works are characteristically outsourced by the aircraft manufacturers or owners to centers known as centers of completions.

Segments Analysis

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By Aircraft Type

“The narrow-body aircraft segment dominates the market during the forecast period.”

The market is segmented into narrow-body aircraft, wide-body aircraft, very large aircraft, and VIPs. The narrow-body aircraft segment dominated the market and is expected to continue its dominance during the forecast period, driven by the growing demand for commercial narrow-body aircraft.   

By Refurbishing Type

“The passenger-to-freighter segment accounts for the highest growth during the forecast period.”

The market is segmented as passenger-to-freighter, commercial aircraft cabin refurbishing, and VIP cabin refurbishing. The passenger-to-fighter market is expected to show the highest growth during the forecast period. The high growth is owing to investment by airlines in passenger-to-freighter conversions to utilize their fleet effectively and save money.  

Regional Analysis

“North American region accounted for the largest share of the market during the forecast period.”

Aircraft refurbishing is likely to maintain its dominance in North America during the forecast period. The market is driven by the presence of key aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada) in this region.

Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.  

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the aircraft refurbishing market (arranged alphabetically).

• B/E Aerospace
• Gulfstream Aerospace Corporation
• Lufthansa Technik
• Rose Aircraft Services
• Sabreliner Corporation
• Sia Engineering Company
• Timco Aviation Services
• Zodiac Aerospace, Inc.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types of refurbishing services by aircraft type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com