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Aircraft Refurbishing Market Growth Prospects, Future Industry Landscape And Forecast To 2032
Aircraft Refurbishing Market
Aircraft Refurbishing Market Size, Growth Rate, And Forecast
The global aircraft refurbishing market size is expected to grow from $5.53 billion in 2022 to $5.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft refurbishing market size is expected to reach $7.75 billion in 2027 at a CAGR of 6.8%.
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Aircraft Refurbishing Market Drivers
Growing air passenger traffic is expected to propel the growth of the aircraft refurbishing market going forward. Air passenger traffic refers to the volume of air passengers commuting; it comprises both domestic and international flight passengers of air carriers registered in the country. Aerospace refurbishment is necessary to maintain an aircraft's full operational capability and safety for its crew, passengers, and anybody who works on it, as a result, increasing air passenger traffic increases the demand for the aircraft refurbishing market.
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Aircraft Refurbishing Market Segments
1) By Aircraft Type: Very Light Aircraft, Wide Body Aircraft, Narrow Body Aircraft, Large Body Aircraft, VIP Aircraft
2) By Fitting Type: Retrofit, IFEC (In-flight Entertainment & Connectivity), Passenger Seats
3) By Refurbishing Service: Interior, Exterior
4) By End User: Government, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aircraft Refurbishing Market.
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Aircraft Refurbishing Market Key Players
Major competitors in the Aircraft Refurbishing Market include Autotrade Aviation Pvt. Ltd., Diehl Stiftung & Co. KG, Duncan Aviation Inc, Gulfstream Aerospace Corporation, Hong Kong Aircraft Engineering Company Limited, Jamco America Inc, Jet Aviation Inc, MAC Aero Interiors, Rose Aircraft Services, Intech Aerospace, Greenpoint Technologies, Nextant Aerospace, Boeing, Bombardier, and Pemco Conversions
The Business Research Company's "Global Aircraft Refurbishing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Aircraft Refurbishing Market Include:
1. Executive Summary
2. Aircraft Refurbishing Market Characteristics
3. Aircraft Refurbishing Market Trends And Strategies
4. Aircraft Refurbishing Market - Macro Economic Scenario
5. Aircraft Refurbishing Market Size And Growth
......
26. Africa Aircraft Refurbishing Market
27. Aircraft Refurbishing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Refurbishing Market
29. Aircraft Refurbishing Market Future Outlook and Potential Analysis
30. Appendix
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