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    Aircraft Refurbishing Market | Covid-19 Impact Analysis

    Aircraft Refurbishing Market | Covid-19 Impact Analysis

    Aircraft Refurbishing Market | Covid-19 Impact Analysis
    Report code - SRAD261 Delivery - 2 Weeks
    Aircraft Refurbishing Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Aircraft Refurbishing Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Refurbishing Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aircraft Refurbishing Market Insights 

    Aircraft Refurbishing Market is likely to witness an impressive CAGR of 6.2% during the forecast period. 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 which 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 center of completions.

    Aircraft Refurbishing Market - Snapshot

    Growth

    6.2% for the next five years

    Major Aircraft Type

    Narrow-body aircraft

    Dominant Refurbishing Type

    Passenger-to-freighter

    Region with the highest demand

    North America

    Key Players

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

     

    Market Share Analysis

    Aircraft-Refurbishing-Market-Dominant-Segments

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    Aircraft Refurbishing Market Share: By Aircraft Type

    Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, and VIP. The narrow-body aircraft segment dominated the market in 2018, and is estimated to continue its dominance during the forecast period, driven by the growing demand for commercial narrow-body aircraft.   

    Aircraft Refurbishing Market Share: By Refurbishing Type

    Based on the refurbishing type, the market is segmented as passenger-to-freighter, commercial aircraft cabin refurbishing, and VIP cabin refurbishing. The passenger-to-freighter market is expected to depict the highest growth during the forecast period. The high growth is owing to investment by airlines in passengers-to-freighter conversions so as to utilize their fleet effectively and also save up money.  

    Aircraft Refurbishing Market Share: By Region

    In terms of regions, the North American region accounted for the largest share of the market for aircraft refurbishing in 2018, and is likely to maintain its dominance 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.  

    Aircraft-Refurbishing-Market-By-Region

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    Aircraft Refurbishing Market: Key Players

    Some of the major players in the aircraft refurbishing market are-

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

     

    Market Scope & Segmentation

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

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aircraft Refurbishing Market Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    8

     

    The aircraft refurbishing market is segmented into the following categories. 

    Aircraft Refurbishing Market Size, Share, & Forecast, by Type of Refurbishing Services:

    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Refurbishing Market Size, Share, & Forecast, by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • VIP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Refurbishing Market Size, Share, & Forecast, by Refurbishing Type:

    • Passenger-To-Freighter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial Aircraft Cabin Refurbishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • VIP Cabin Refurbishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Refurbishing Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aircraft-Refurbishing-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct 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 the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    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 at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Aircraft Refurbishing?

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

    What will be the CAGR of the Aircraft Refurbishing Market?

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

    Which country/region is expected to remain the largest Aircraft Refurbishing Market?

    In terms of regions, the North American region accounted for the largest share of the market for aircraft refurbishing in 2018, and is likely to maintain its dominance during the forecast period.

    Who are the key players in the Aircraft Refurbishing Market?

    Some of the major players in the aircraft refurbishing market are B/E Aerospace, Gulfstream Aerospace Corporation, Lufthansa Technik, Rose Aircraft Services, Sabreliner Corporation, Sia Engineering Company, Timco Aviation Services, and Zodiac Aerospace, Inc.

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