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Aircraft Refurbishing Market Report
Aircraft Refurbishing Market Size, Share, Trend, Forecast, & Competitive Analysis.
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.
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Aircraft Refurbishing Market - Snapshot |
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Growth |
6.2% for the next five years |
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Major Aircraft Type |
Narrow-body aircraft |
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Dominant Refurbishing Type |
Passenger-to-freighter |
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Region with the highest demand |
North America |
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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. |
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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.
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.
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.
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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.
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Aircraft Refurbishing Market Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
8 |
The aircraft refurbishing market is segmented into the following categories.
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Some of the major players in the aircraft refurbishing market are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com
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.
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.
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.
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.
The narrow-body aircraft segment is expected to remain dominant in the aircraft refurbishing market in the coming years.
The passenger-to-freighter is expected to depict the highest growth in the aircraft refurbishing market during the next five years.
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