The global aircraft refurbishing market size reached USD 4.55 Billion in 2020 and is expected to register a revenue CAGR of 5.6%, during the forecast period, according to latest analysis by Emergen Research. Steady increase in demand for attractive interior designs along with development of in-flight entertainment systems is a key factor driving market revenue growth.
Rising competition among domestic and international airline carriers and need to comply with various standards, drive brand value, and offer more enhanced flight experience are some key factors resulting in refurbishing of aircraft and installation or more attractive interior design. Increasing focus on more advanced and efficient and enhanced travelling experience has been resulting in opening up of new and more lucrative revenue opportunities for players in the aircraft refurbishing industry.
Interiors, including cabins and cockpits, are restructured and redesigned during refurbishment, and these processes provide additional benefits, including reduced operational costs and improved end-user travel experience. Aircraft refurbishing service providers continue to explore more efficient and cost-effective, and visually appealing ways of refurbishing aircraft. In addition, consumer electronics are also integrated and repackaged as in-flight entertainment system components. Because these electronic components have a limited lifespan, aircraft refurbishment plays a crucial role in keeping these components ahead of the competition and avoid obsolescence.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/828
The Global Aircraft Refurbishing Market Research Report added to its expanding repository is an all-inclusive document containing insightful data about the Aircraft Refurbishing market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Aircraft Refurbishing industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2028.
Key Highlights from the Report
Wide-body aircraft segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as many airlines have reduced extra passenger space to maximize their overall revenue and profit margins over the years.
VIP cabin segment is expected to register a significantly robust revenue growth rate over the forecast period. The refurbishment of VIP aircraft is on the rise as premium customers seek more luxurious travel experiences. Cabins are increasingly being used as a crucial area and part of the aircraft, and besides innovative interiors and offerings, branding and ultra-high tech lighting and other aspects are taking place through refurbishing.
North America is expected to account for a larger revenue share than other regional markets over the forecast period due to government initiatives and investments that support growth of the aerospace industry in countries in the region.
Some major companies in the global market report include Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Aerospace, Lufthansa Technik AG, AAR Corporation, Rolls Royce Holdings PLC, SIA Engineering Company Limited, Delta TechOps, SR Technics Switzerland AG, Turkish Technic, and MRO Holdings, Inc.
To know more about the report @ https://www.emergenresearch.com/industry-report/aircraft-refurbishing-market
Emergen Research has segmented the global aircraft refurbishing on the basis of aircraft type, refurbishing type, applications, fitting type, and region:
Aircraft Type Outlook (Revenue, USD Billion; 2018–2028)
Narrow Body Aircraft
Wide Body Aircraft
Large Body Aircraft
Refurbishing Type Outlook (Revenue, USD Billion; 2018–2028)
Interior Refurbishing
Exterior Refurbishing
Applications Outlook (Revenue, USD Billion; 2018–2028)
Passenger To Freighter
Commercial Cabin
VIP Cabin
Fitting Type Outlook (Revenue, USD Billion; 2018–2028)
Passenger Seat
LED Lighting
Retrofit
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
Study of the global Aircraft Refurbishing market size by key regions, types, and applications with reference to historical data (2016-2018) and forecast (2021-2028)
Industrial structure analysis of the Aircraft Refurbishing market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Aircraft Refurbishing market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Aircraft Refurbishing market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Request a discount on the report @ https://www.emergenresearch.com/request-discount/828
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Big Data Analytics in Retail Market Top Companies
USB-C Car Chargers Market Top Companies
https://www.emergenresearch.com/blog/7-best-usb-c-car-chargers-in-the-world
Noise-Cancelling Headphones Market Top Companies
Quantum Computing for Enterprise Market Top Companies
Artificial Intelligence in Transportation Market Top Companies
Mobile Medical Applications Market Top Companies
https://www.emergenresearch.com/blog/worlds-top-8-mobile-medical-applications
Tech Pouch Market Top Companies
https://www.emergenresearch.com/blog/top-10-best-tech-pouch-brands-in-the-world
Lighting as a Service (LaaS) Market Top Companies
https://www.emergenresearch.com/blog/worlds-top-7-leading-companies-offering-lighting-as-a-service
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkedIn | Twitter | Blogs
Latest Reports: FMS Like Tyrosine kinase 3 Inhibitors Market, Space In Orbit Refueling Market
Trending Reports: Prepreg Market, Postpartum Depression Market
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-aircraft-refurbishing-market