openPR Logo
Press release

Aircraft Refurbishing Market will Bring in More than US$ 7.13 Bn Revenues by the end of 2026

08-13-2018 09:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Aircraft Refurbishing Market will Bring in More than US$ 7.13 Bn

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 aircraft companies to opt for refurbishing of VIP cabins. Setting aside the impact of wealthy travellers on refurbishment of VIP aircraft cabins, the demand for aircraft refurbishing is also expected to gain traction due to its benefits for the aircraft’s operational efficiency.

According to the report, airline companies aiming to improve performance of their aircrafts are refurbishing the interiors & lowering gross weight of the aircraft. This results in lesser fuel consumption and maximum power retention, thereby upgrading the aircrafts operational performance. Owing to such factors, the global aircraft refurbishing market, which is presently valued at a little over US$ 4 Bn, will bring in more than US$ 7.13 Bn revenues by the end of 2026.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/REP-GB-1617

Middle East & Africa to Record Rapid Sales of Aircraft Refurbishments

During this ten-year forecast period, around 890,000 units of aircraft refurbishments will be consumed across the globe. The demand for aircraft refurbishing is projected to remain relatively high across the US and Canada. Through 2026, North America is likely to dominate with more than 30% share on global revenues. However, in terms of volume, the aircraft refurbishing market in Asia-Pacific excluding Japan (APEJ) region will register a relatively rapid growth at nearly 6% CAGR.

The report also projects that by the end of 2026, the demand for aircraft refurbishing will rise across Western Europe, Latin America and Japan. But, during this period, the Middle East & Africa (MEA) aircraft refurbishing market is expected to incur fastest revenue growth. Registering a value CAGR of 6.9%, the MEA aircraft refurbishing market will gain traction during the latter half of the forecast period. Higher concentration of wealthy individuals across Middle Eastern countries such as the UAE or Saudi Arabia is likely to fuel the refurbishment of VIP cabins among aircrafts commuting through this region.

Retrofit Refurbishments Likely to Garner Surplus Demand

The report, titled “Aircraft Refurbishing Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” further reveals that more than half of the market’s global revenues will arise from refurbishment of narrow body aircrafts. While large body and wide body aircrafts will collectively account for more than 40% share, refurbishing revenues emanating from narrow body aircrafts will register highest value CAGR – 6.1%. Based on the type of refurbishment, commercial cabin refurbishing will hold the majority of global revenues with 83% share, while VIP cabin refurbishing will witness a marginal decline in terms of its contribution to global aircraft refurbishing revenues.

Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-1617

More than two-third of aircraft refurbishing revenues collected from across the globe are presently accounted by retrofit fittings. While this share is likely to incur a slight downtrend towards the end of 2026, the global aircraft refurbishing market will witness an uptick from fitting segments such as passenger seats and IFEC. The report has also profiled prominent manufacturers of aircraft refurbishments, which include B/E Aerospace, Inc., Diehl Stiftung & Co. KG, Gulfstream Aerospace, Ltd., Hong Kong Aircraft Engineering Company Limited, JAMCO America, Jet Aviation AG, Lufthansa Technik AGm Sabreliner Aviation LLC, SCI Cabin Interiors, United Technology Corporation, SIA Engineering Co. Ltd, and Zodiac Aerospace SA.

ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.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 Bring in More than US$ 7.13 Bn Revenues by the end of 2026 here

News-ID: 1175465 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Aircraft

Global Aircraft Line Maintenance Market By Aircraft Type: Narrow Body Aircraft ( …
According to the latest research by SkyQuest Technology, the Global Aircraft Line Maintenance Market was valued at USD 18.38 billion in 2021, and it is expected to reach USD 28.53 billion by 2028, with a CAGR of 5.80% during the forecast period of 2022 - 2028. The research provides up-to-date Aircraft Line Maintenance market analysis of the current market landscape, latest trends, drivers, and overall market environment. Get full report
Aircraft Cables Market End User (Commercial Aircraft, Private Aircraft, Defense …
Aircraft cable is a type of cable, which mainly finds application in the aircraft industry. The high strength and versatile aircraft cable can also be used for various pushing and pulling applications that includes sheaves, pulleys, and winches among others. The size of the aircraft cable is between 0.047 inches to 0.375 inches, and constructed in various strand namely 1X7 strand, 1X19 strand, 7X7 strand, and 7X19 strand. Get Sample
Commercial Avionics Systems Market Aircraft Type (Narrow-body aircraft, Wide-bod …
Commercial Avionics Systems Market Report, published by Allied Market Research, states that the commercial avionics systems market was valued at $16 billion in 2014 and is projected to reach $26 billion by 2022, growing at a CAGR of 7.1% from 2016 to 2022. Surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment (IFE) services are expected to
Aircraft Glareshield Lighting Market Aircraft Type (Narrow Body Aircraft, Wide B …
Aircraft Glareshield Lighting Market Outlook - 2027 Glareshield lighting is used for designing the inner aircraft cabin. The goal of aircraft glareshield lighting in an aircraft is to make the instruments and controls easy to read, while preserving the pilot’s night vision. Significant number of aircraft deliveries is expected to be a main factor boosting the growth of the global aircraft glareshield lighting market during the forecast period. Furthermore, the replacement of
Light Aircraft Market Is Booming| Diamond Aircraft, Piper Aircraft, TECNAM
A latest survey on Global Light Aircraft Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Light Aircraft market. The report bridges the historical data from
Global Light Aircraft Market Report 2019 Companies included Cirrus Aircraft, Ele …
We have recently published 7th edition of market research report on Light Aircraft. For inquiry email us at: sales@marketreportscompany.com Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast till 2026 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment