Press release
Aircraft Refurbishment Market Outlook to 2027 | Collins Aerospace, FACC AG, Jamco America, Crane Aerospace and Electronics
Aircraft Refurbishment Market
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In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Boeing (CDG)
Collins Aerospace
Crane Aerospace & Electronics
FACC AG
Honeywell International Inc.
Hong Kong Aircraft Engineering Company Limited (TIMCO)
Jamco America, Inc.
Lufthansa Technik AG
Thales Group
The NORDAM Group LLC
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global aircraft refurbishment market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aircraft refurbishment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
Increase in aircraft fleet size, the advent of advanced technologies, raised demand for revamping and maintenance cost are some of the key drivers of the aircraft refurbishment market. Also, the growing demand for low budget luxury aircraft driving the market. However, reduced demand for older refurbished parts hindering the aircraft refurbishment market. On the other hand, Increase in the requirement for VIP aircraft is creating an opportunity for the aircraft refurbishment market.
The global aircraft refurbishment market is segmented on the basis of refurbishing services and aircraft type. Based on refurbishing services, the market is segmented as interior and exterior. On the basis of the aircraft type the market is segmented into commercial, military, and avionics.
Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from aircraft refurbishment market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft refurbishment in the global market.
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