Aircraft Refurbishing Market

Aircraft Refurbishing Market: Global Industry Analysis &
Opportunity Assessment, 2016-2026
May 2017
Report Id : REP-GB-1617
Status : Ongoing
Category : Industrial Automation and Equipment
©2015 Future Market Insights, All Rights Reserved
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Aircraft Refurbishing Market
Global Aircraft Refurbishing Market to Witness High Demand for Retrofit Fittings
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.
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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
©2015 Future Market Insights, All Rights Reserved
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Aircraft Refurbishing Market
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.
©2015 Future Market Insights, All Rights Reserved
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Aircraft Refurbishing Market
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.
©2015 Future Market Insights, All Rights Reserved
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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
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
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
©2015 Future Market Insights, All Rights Reserved
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Table of Content
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
7. Global Aircraft Refurbishing Market Analysis and Forecast, By Region
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Region
7.1.2. Y-o-Y Growth Projections By Region
7.2. Market Size (US$ Mn) and Volume Forecast By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Western Europe
7.2.4. Eastern Europe
7.2.5. APEJ
7.2.6. Japan
©2015 Future Market Insights, All Rights Reserved
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