Press release
Aircraft Refurbishing Market will Account for Revenues Worth US$ 7.13 Bn by 2026
The rising number upper middle income group in APAC and MEA region along with economic integration and global immigration from between east and west will create huge opportunity for refurbishing service providers across the globe. The airline service providers are installing next generation latest equipment and light weight seats to improve their operational efficiencies. The Low Cost Carriers (LCC) are upgrading and relocating their cabin elements such as galleys, toilets, galley inserts and lavatories to install more seats while major airlines are getting interior refurbished to install premium economy class seats. In order to enhance brand identity, the airline service providers are modifying aircraft interiors with power efficient LED lighting, larger windows and comfortable seat layouts to create attractive ambience for boarding, dining and sleeping for the customers. This will create positive impact on the aircraft refurbishing market as number of aircraft getting refurbished will increase significantly.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114716/Aircraft-Refurbishing-Market
However, new aircrafts are reliable and have less maintenance cost which may pose challenge to aircraft refurbishing market. The new aircrafts are equipped with latest technologies such as enhanced-vision system, cabin pressurization system and better fuel efficient latest engines. These factors may force potential refurbished aircraft buyer to prefer new jet. However, the economic benefit offered by refurbished planes is expected to offset the potential challenges to the market.
Segmentation analysis
On the basis of aircraft type, the narrow body aircraft segment is expected to dominate the market in terms of value over the forecast period. This is mainly due to growing number of low-cost airlines as they prefer narrow body aircrafts for short to medium haul routes
On the basis of refurbishing type, the VIP aircraft refurbishing segment will offer revenue generating opportunities. The rising number of wealthy people preferring to travel in aircrafts equipped with latest In Flight Entertainment & Connectivity (IFEC) Systems and luxurious interiors will drive the growth of this segment
The Passenger to Freighter Refurbishing is poised to show significant growth in coming years, registering CAGR of 5.8% over the forecasted period. The growth in air cargo traffic in emerging economies have created huge demand for this retrofitting option. The freighter conversion not only have economic benefits over buying new aircraft but also takes short ownership transfer time
Request For Report Discount: https://www.researchreportinsights.com/report/discount/110114716/Aircraft-Refurbishing-Market
On the basis retrofit type, IFEC System and passenger seats segment will fuel the aircraft refurbishing market across the globe. The consumer electronics manufacturers are collaborating with seat providers to efficiently integrate products into seats to reduce space and weight
Regional analysis
The major value share in global aircraft refurbishing market is held by North America accounting one third of the global revenue. In terms of CAGR, the APEJ and MEA region will witness highest growth from 2016 to 2026. The GCC countries in MEA region will be new hub for global travelers owing to its geological position. This growth in APEJ region is due to expected surge in air traffic in the region requiring capacity growth in refurbishing infrastructure of the region.
Vendor insights
The report highlights some of the top companies operating in the global aircraft refurbishing market such as B/E Aerospace, Inc., Zodiac Aerospace S.A., Hong Kong Aircraft Engineering Company Limited, Diehl Stiftung & Co. KG, SIA Engineering Co Ltd, Lufthansa Technik AG, JAMCO America, Jet Aviation AG etc
Report Analysis: https://www.researchreportinsights.com/report/rd/110114716/Aircraft-Refurbishing-Market
About Us:
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends.
Contact Us:
Research Report Insights
101 Maimuna Apartment
Koliwada Vasai West,
Mumbai-401201
Email: sales@researchreportinsights.com
Web Site: www.researchreportinsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aircraft Refurbishing Market will Account for Revenues Worth US$ 7.13 Bn by 2026 here
News-ID: 1085515 • Views: …
More Releases from Research Report Insights
Automotive Brake System Market 5.7% of CAGR throughout 2017-2022 Research Report …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Automotive Brake System Market 2022 | Continental AG, Robert Bosch GmbH, Wabco H …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Tarpaulin Sheets Market These factors, thus, are likely to boost the plastic mar …
A tarpaulin is a big sheet of water-proof material available in various sizes, generally being crafted from plastic like HDPE, LDPE. Tarps can be used to refuge any kind of items. Tarpaulins can efficiently be used to cover goods in the course of shipping and then they also can be used to house goods internal of a truck body so they are not uncovered to the elements.
The Tarpaulin Sheets Market…
Research Report Insights present kayaks market by 21 percent, or over by $42 mil …
Kayaking is a watersport which involves paddling using a double-bladed oar and a small boat known as a kayak. The boats come in a variety of sizes and types, depending on their intended use, but most kayaks feature an enclosed deck which covers the legs. The boat sits low in the water & usually only accommodates the single paddler, but tandem kayaks hold two people and some boats hold three…
More Releases for Refurbishing
Aircraft Refurbishing Market: Growth Analysis & Forecast till 2026
The market research report, entitled Aircraft Refurbishing Market shows good possibilities in the Aircraft Refurbishing Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global Aircraft Refurbishing Market Forecast:
The Aircraft Refurbishing Market is forecasted to grow at a rate of 6.2% CAGR during the period of 2021-2026. The Aircraft Refurbishing…
Global Aircraft Refurbishing Market Size, Status and Forecast
global Aircraft Refurbishing market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global Aircraft Refurbishing status, future forecast, growth opportunity, key market and key players.
Get sample copy of the report:
www.marketdensity.com/contact?ref=Sample&reportid=52492
Table of Contents:
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
…
Home Décor Interiors: The Experts in Refurbishing Your Home
Based in Cape Town, Home Décor Interiors has been serving the home renovation industry for over 20 years. The company has gained the trust of its clients and has been certified by SABS ISO 9001. They specialise in doing the bedroom, kitchen and bathroom refurbishments.
In the scenario of water scarcity in Cape Town, South Africa Home Décor Interiors has found a solution for not using usable/drinking water. The company will…
Aircraft Refurbishing Market: Comprehensive Analysis and Future Estimations 2024
The need to modify the interior and/or exterior of an aircraft – be it airplanes, dirigibles, helicopters, or gliders – has grown to an unmatched level over the last couple of years and aircraft and airline owners have been undertaking the retrofit of their airborne vehicles in a shorter cycle than before.
The Federal Aviation Administration (FAA) classifies aircraft repairs into two main categories: major and minor. Major repairs substantially…
Aircraft Refurbishing Market Progresses for Huge Profits During 2026
Future Market Insights’ recently published report on global market for aircraft refurbishing projects that during a forecast period from 2016 to 2026, the market shall exhibit a steady revenue growth at 5.8% CAGR. The report estimates that in the years to come, the luxury quotient of airline interiors will surge as the number of wealthy air travellers is slated to increase. Frequent air travel by well-heeled people is also prompting…
Global Aircraft Refurbishing Market: Future Demand and Growth Analysis
The latest industry research report on Aircraft Refurbishing Market by MRC provides a thorough analysis of the global Aircraft Refurbishing Market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Aircraft Refurbishing industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and…
