Aircraft Refurbishing Market size was valued at US$ 7.32 Bn. in 2022 and the total revenue is expected to grow at 5.1 % through 2023 to 2029, reaching nearly US$ 10.37 Bn.
Aircraft Refurbishing Market Overview:
Extensive primary and secondary research Aircraft Refurbishing Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Aircraft Refurbishing Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
Aircraft Refurbishing Market Drivers:
An increase in expenditure on maintaining aircraft has resulted in a rise in outsourcing aircraft-related maintenance and refurbishing work. The rising preference for giving refurbishing work to a third party by aircraft manufacturing and operating firms present in the developed nations has propelled the demand for Aircraft Refurbishing in recent years.
Aircraft Refurbishing differs from aircraft maintenance and handles avionics assembly along with improving the visual appearance of the aircraft. The guidelines by the International Civil Aviation Organization states that a thorough check must be done of aircraft assembly before every journey and should go under thorough safety standard inspection once every month. The constant need for repair work in the interior and exterior of the aircraft and the demand to cover that work with a visually soothing artwork has resulted in a rise in demand for Aircraft Refurbishing by the global civil aviation industry.
Aircraft Refurbishing Market Segmentation:
by Aircraft Type
Wide-body Aircraft
Narrow-body Aircraft
by Service Type
Interior Refurbishing
Exterior Refurbishing
by Refurbishing Type
Passenger-to-Freighter
Avionics
Connectivity System
Modular Aircraft Cabin
Freight Section Development
VIP Cabin Development
Others
by Fitting Type
Passenger Seats
IFEC and Lightings
Retrofit
by End User
Government
Commercial
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Aircraft Refurbishing Market Key Players: The prominent players include:
1. Executive Aircraft Interiors
2. InTech Aerospace
3. Winch Design
4. Airjet Designs
5. Alberto Pinto
6. Andrew Winch Designs
7. ARGENT
8. AAR
9. Ascent Aviation Services
10. JCB Aero
11. COMLUX
12. Sia Engineering Company
13. Greenpoint Technologies
14. International Jet Interiors
15. Jean-Louis Deniot
16. Jet Aviation
17. LINLEY
18.Terence Disdale Designs
Regional Analysis:
The country-level assessment of the Aircraft Refurbishing Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Aircraft Refurbishing Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Aircraft Refurbishing Market: The report also incorporates an analysis of the impact of COVID-19 on the global Aircraft Refurbishing market.
Key Questions Addressed in the Aircraft Refurbishing Market Report:
- Which product segment dominated the Aircraft Refurbishing market share in 2020?
- How is the anticipated competitive landscape of the Aircraft Refurbishing market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Aircraft Refurbishing market?
- Which region accounted for the largest share in the Aircraft Refurbishing market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Aircraft Refurbishing market during the forecast period (2021-2027)?
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