Aircraft Refurbishing Market

Aircraft Refurbishing Market: Suppliers Entering Contractual Agreements with OEMs and Airline Carriers: Global Industry Analysis, 2014-2018 and Opportunity Assessment, 2019-2029

  • 2019-10-04
  • REP-GB-1617
  • 36 Tables
  • 120 Figures
  • 220 pages
  • PDF PPT EXCEL
 Aircraft Refurbishing Market

An Incisive, In-depth Analysis on the Aircraft Refurbishing Market

This study offers a comprehensive, 360 degree analysis on the Aircraft Refurbishing market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Aircraft Refurbishing market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Aircraft Refurbishing Market - Key Research Findings

  1. The global aircraft refurbishing market size is estimated to reach the revenues worth ~US$ 4.4 Bn in 2019.
  2. Over the forecast period of 2019-2029, the aircraft refurbishing market is estimated to grow at a CAGR of ~5%.
  3. In the aircraft refurbishing market, narrow body aircraft is estimated to gain significant traction.
    • Narrow body aircraft is expected to remain prominent over the forecast period owing to its increasing adoption by airline carriers, especially in APEJ.
    • High number of existing narrow body aircraft and increasing demand for upgrade of domestic cabins makes this segment lucrative in terms of revenue growth opportunities.
  4. Commercial cabin refurbishing is expected to remain dominant in terms of market value share over the forecast period.
    • Customization and replacement demand for aircraft cabin interior components by major airline companies is primarily driving the growth of this segment.
    • Airline carriers go to great lengths to increase passenger share by adding more destinations, pricing aggressively, and renovating aircraft frequently.
  5. In terms of fitting, passenger seats are expected to register robust growth, owing to rising airline passenger traffic.
    • Rising airline passenger traffic is pushing airline companies to go for frequent modification of seat coverings in aircraft, as comfortable seating in aircraft is what drives the reputation of airline companies.
  6. In terms of value share, APEJ and North America are anticipated to be prominent markets by collectively holding ~50% of the volume and value shares in the global aircraft refurbishing market size.
  7. In terms of the growth rate, the aircraft refurbishing market is most likely to foresee high growth in APEJ.
  8. Manufacturers are focused on developing high-quality aircraft components adhering to specific requirements from OEMs and airline carriers. Most aircraft refurbishing suppliers have long-term contracts with OEMs and airline carriers to provide customised aircraft refurbishing products.
  9. Increasing competition, lower cash outlays, and continuous efforts of airline carriers to enhance reputation, all characterize the evolving nature of the refurbishment industry.

Factors Shaping the Global Aircraft Refurbishing Market

VIP Aircraft Refurbishing Rising as Wealthy Travelers Seek Luxurious Travel Experience

Asia Pacific, followed by North America, is home to the largest population of high net worth individuals. This has led to an increased demand for a niche aerospace aftermarket, which includes refurbishment and completion of cabin interiors of business and corporate jets. VIP aircrafts feature a bedroom, lounge area, dining room, and first class seats. In order to completely satisfy customers’ needs, refurbishment service providers directly collaborate with designers to customize the interiors of aircrafts. As a result, VIP cabin refurbishment will be the main growth area for service providers over the coming years. 

Airlines in Favor of Refurbishing for Better Operational Efficiency

Weight and power consumption are important factors, which affect the efficiency of an aircraft. Less fuel consumption means lower carbon dioxide emissions as well as significant savings on operating cost of airlines. The cabin area is a key part of the aircraft and it is in this area that the strongest of innovations are taking place. For instance, Safran S.A., through its subsidiary Zodiac Aerospace, is working on a new generation of lightweight galley system that would cut up to 26% of the individual mass of galley unit. Moreover, new lighting technologies such as light emitting diodes (LED), which offer superior lighting quality along with longer life and lower power consumption, are being deployed during refurbishment. 

Modular Aircraft Refurbishing to Gain Acceptance in Coming Years

Refurbishing service providers are offering standardized and modular designs for selected aircrafts. Completion and refurbishment centres are in constant search of more efficient ways to work. As a result, downtime for aircraft is minimal and cabin refurbishment is very cost effective. The development of a modular aircraft cabin includes the entire ecosystem of airlines, manufacturers, passengers, and regulators, simplifying the process of customizing aircraft cabins. Thus, the modular kit interior concept is expected to become industry standard in business aircraft refurbishment in the coming years. 

Aircraft Refurbishing Market Structure Analysis

  • A majority of manufacturers active in the aircraft refurbishing market are strategically focusing on the APEJ market.
  • Key market players in the aircraft refurbishing market, such as Diehl Stiftung & Co. KG, SIA Engineering Co Ltd, Hong Kong Aircraft Engineering Company Limited, and United Technology Corporation, are focusing on expanding their presence in regional markets to fulfill the growing demand for aircraft refurbishing across geographies.
  • Tier-1 players are strengthening their positions in the aircraft refurbishing market by offering technologically-developed products.

Aircraft Refurbishing Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by FMI on the aircraft refurbishing market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the aircraft refurbishing market, the growth prospects of the market are obtained with maximum precision.

Chapter 01 – Executive Summary

The report initiates with the executive summary of the aircraft refurbishing market, which includes a summary of key findings and statistics of the market. It also includes the demand-side & supply-side trends about the aircraft refurbishing market.

Chapter 02 – Market Introduction

Readers can find the definition and a detailed taxonomy of the aircraft refurbishing market in this chapter, which will help them understand basic information about the aircraft refurbishing market. Along with this, comprehensive information pertaining to aircraft refurbishing is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the aircraft refurbishing market report. This chapter also explains the key macro-economic factors that are expected to influence the growth of the aircraft refurnishing market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the aircraft refurbishing market.

Chapter 03 – Market Dynamics

In-depth information about the market dynamics and their impact related to the drivers, restraints, opportunities, and trend analysis on the market have been provided in the successive section.

Chapter 04 – Global Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Aircraft Type

Based on the aircraft type, the aircraft refurbishing market is segmented into large body aircraft, wide body aircraft, and narrow body aircraft. In this chapter, readers can find information about the key trends and developments in the aircraft refurbishing market and market attractiveness analysis based on the aircraft type.

Chapter 05 – Global Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Refurbishing Type

Based on the refurbishing type, the aircraft refurbishing market is segmented into VIP cabin refurbishing and commercial cabin refurbishing. In this chapter, readers can find information about the key trends and developments in the aircraft refurbishing market and market attractiveness analysis based on refurbishing type.

Chapter 06 – Global Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Fitting

This chapter provides details about the aircraft refurbishing market based on the fitting type, and has been classified into retrofit, IFEC and lighting, and passenger seats. In this chapter, readers can understand the market attractiveness analysis based on fitting.

Chapter 07 – Global Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Region

This chapter explains how the aircraft refurbishing market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa (MEA).

Chapter 08 – North America Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter includes a detailed analysis of the growth of the North America aircraft refurbishing market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.

Chapter 09 – Latin America Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides the growth scenario of the aircraft refurbishing market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

Chapter 10 – Western Europe Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the aircraft refurbishing market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Nordic, BENELUX, and the Rest of Western Europe are included in this chapter.

Chapter 11 – Eastern Europe Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

In this chapter, Russia, Poland, and rest of Eastern Europe countries are the prime subjects of assessment to obtain growth prospects of the Eastern Europe aircraft refurbishing market. Readers can find detailed information about the growth parameters of the Eastern Europe aircraft refurbishing market during the forecast period of 2019-2029.

Chapter 12 – APEJ Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the aircraft refurbishing market in East Asia by focusing on China, India, ASEAN, Australia & New Zealand, South Korea, and rest of APEJ. This section also helps readers understand the key factors that are responsible for the growth of the aircraft refurbishing market in APEJ.

Chapter 13 – Japan Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the aircraft refurbishing market in Japan. This section also help readers understand the key factors that are responsible for the growth of the aircraft refurbishing market in Japan.

Chapter 14 – MEA Aircraft Refurbishing Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides information about how the aircraft refurbishing market will grow in major countries in the MEA region such as GCC countries, Northern Africa, South Africa, and the Rest of MEA, during the forecast period of 2019-2029.

Chapter 15 – Competition Landscape

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the aircraft refurbishing market, along with their market presence analysis by region and product portfolio. In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the aircraft refurbishing market, along with a detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Gulfstream Aerospace, Ltd, JAMCO America, Diehl Stiftung & Co. KG, Hong Kong Aircraft Engineering Company Limited, United Technology Corporation, Sabreliner Aviation LLC, Jet Aviation AG, SIA Engineering Co Ltd, Lufthansa Technik AG, SCI Cabin Interiors, among others.

Chapter 16 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the aircraft refurbishing market report.

Chapter 17 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the aircraft refurbishing market.

Aircraft Refurbishing Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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