Aircraft Refurbishing Market: Global Industry Analysis, Opportunity Assessment And Forecast 2016-2026

"The Latest Research Report Aircraft Refurbishing Market: Global Industry Analysis and Opportunity Assessment, 2016-2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

About Aircraft Refurbishing Market

APEJ and MEA should propel the global aircraft refurbishing market forward

Rising disposable income on account of a growing middle class in both Asia Pacific as well as the Middle East and Africa should account for the maximum growth in the global aircraft refurbishing market. Almost half the global growth in world air traffic can be attributed to the phenomenal rise of APAC for the next two decades. The global middle class is anticipated to double by the year 2034, particularly in emerging economies. With additional economic integration combined with labour mobility, Latin America and Asia are predicted to show consistent growth in air traffic, both within the region and outside it. The trend in the global aircraft refurbishing market seems to be a migration from the west to the east as a result of cost. The economic potential in the Asia Pacific region is almost limitless and this is likely to act in favour of the global aircraft refurbishing market.

The APEJ aircraft refurbishing market is governed by Chinas demand for private jets and bizliners

China is the worlds most populous country and also the third largest in area. Thus, there is a virtually limitless opportunity in terms of the aircraft refurbishing market as air travel is the quickest way to travel the long distances within the country. A few key trends can be observed here there should be a high demand for private jets and bizliners because of the rising affluence in the country along with increasingly large amounts of trade with the rest of the world. The value of the APEJ aircraft refurbishing market is predicted to be worth nearly US$ 1.5 Bn by the end of the year 2026, i.e. a growth rate of 2.1x between 2016 and 2026. The APEJ aircraft refurbishing market value CAGR is 6.9% for the decade.

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China and India are the key markets to focus on in the APEJ region

China alone should present an incremental dollar opportunity of more than half a billion dollars during the forecast period. India has a comparatively lower incremental dollar opportunity of around US$ 150 Mn during the decade 2016-2026. However, the economic fundamentals of the country are very strong and it should become one of the largest markets in the global aircraft refurbishing market very soon. In stark contrast to the North America aircraft refurbishing market, the narrow body aircraft type segment dominated the APEJ market with a value share of nearly 60% in the year 2016 and this is projected to rise by the end of the decadal study.

North America cannot be ignored at the cost of APEJ

While APEJ typically tends to get the maximum attention, North America is forecast to maintain a revenue share of more than 1/3rd the global aircraft refurbishing market throughout the forecast period with a CAGR of 5.4%. By the end of 2016, the North America aircraft refurbishing market had a revenue of nearly US$ 1.3 Bn. The main contribution to revenue growth in the North America aircraft refurbishing market comes from operating aircraft on lease. Leasing aircraft enables airlines to become more flexible and adapt to changing market requirements, allowing quick remodelling of the fleet. This is how airlines are able to satisfy the demand for new aircraft with minimal expenditure. The North America aircraft refurbishing market is dominated by the U.S. and its gain of 100 BPS by the year 2026 should more than offset the loss of Canada by the same amount during the forecast period. The U.S alone accounts for slightly more than 90% of the entire North America aircraft refurbishing market and its share is only expected to rise by the end of the year 2026.

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Wide body aircraft and commercial cabin refurbishing most important segments in the North America aircraft refurbishing market

The wide body aircraft type segment held nearly 40% of the North America aircraft refurbishing market in terms of value share in the year 2016. This segment should gain 360 BPS by the end of the year 2026, recording a substantial CAGR of 6.4% during 2016 2026. The commercial cabin refurbishing type segment accounted for a market share of more than 80% in the North America aircraft refurbishing market in 2016. While this segment is projected to lose 30 BPS by the end of the decadal study, it will still account for a lions share of the North America aircraft refurbishing market by the end of the forecast period.

Table Of Content

1. Executive Summary

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Pricing Analysis
2.3.1. Price Projections Per Region
2.4. Market Value (US $ Mn) Forecast
2.4.1. Aircraft Refurbishing Market Vale Forecast and Y-o-Y Growth
2.5. Market Overview
2.5.1. Value Chain
2.5.1.1. Component Manufacturers
2.5.1.2. MRO service providers

3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Trends
3.5. Opportunity

4. Global Aircraft Refurbishing Market Analysis and Forecast, By Aircraft Type
4.1. Introduction
4.1.1. Basis Point Share (BPS) Analysis By Aircraft Type
4.1.2. Y-o-Y Growth Projections By Aircraft Type
4.2. Market Size (US$ Mn) and Volume Forecast By Aircraft Type
4.2.1. Wide Body Aircraft
4.2.2. Narrow Body Aircraft
4.2.3. Large Aircraft
4.3. Market Attractiveness Analysis By Aircraft Type

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5. Global Aircraft Refurbishing Market Analysis and Forecast, By Refurbishing Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Refurbishing Type
5.1.2. Y-o-Y Growth Projections By Refurbishing Type
5.2. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type
5.2.1. Passenger to Freighter Refurbishing
5.2.2. VIP Cabin Refurbishing
5.2.3. Commercial Cabin Refurbishing
5.3. Market Attractiveness Analysis By Refurbishing Type

6. Global Aircraft Refurbishing Market Analysis and Forecast, By Fitting
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Fitting
6.1.2. Y-o-Y Growth Projections By Fitting
6.2. Market Size (US$ Mn) and Volume Forecast By Fitting
6.2.1. Retrofit
6.2.2. IFEC System
6.2.3. Passenger Seats
6.3. Market Attractiveness Analysis By Fitting

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