The report on the Aircraft Refurbishing Market published by Stratview Research covers in depth details associated with the Aircraft Refurbishing Market.
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The Aircraft Refurbishing Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Aircraft Refurbishing Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Aircraft Refurbishing Market:
B/E Aerospace
Gulfstream Aerospace Corporation
Lufthansa Technik
Rose Aircraft Services
Sabreliner Corporation
Sia Engineering Company
Timco Aviation Services
Zodiac Aerospace, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Refurbishing Market value and growth drivers over the trend period of 2022-27. According to the report –
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.
Segment Analysis:
Based on 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.
Based on 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.
Critical Questions Answered in the Report
• What are the key trends in the Aircraft Refurbishing Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on Aircraft Refurbishing Market?
• What are the key strategies adopted by the major vendors to lead in the Aircraft Refurbishing Market?
• What is the market share of the top vendors?
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