According to a new market research report, ‘Global Aircraft Refurbishing Market (Commercial, Cargo And Business Aircrafts) (2012 – 2017)“, published by MarketsandMarkets (www.marketsandmarkets.com), the total aircraft refurbishing market is expected to reach $4.3 Billion by 2017 with a CAGR of 7.0%.
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The global aircraft refurbishing market was based on data collected and researched; assumptions were made with the help of primary sources who had given their insights on frequency and distribution of the cycles of refurbishing an aircraft, based on which we were able to estimate for all the markets covered in this report.
The main emphasis laid on short haul flights is about on-time performance and cheap fares as comfort and other additional amenities are not expected from the passengers. Airlines in general do not intend to take up narrow body refurbishments in a large scale operation. Short haul aircrafts are refurbished in a large extent as they are mainly done to keep the aircraft in line with the concept of fuel reduction i.e. greener aircrafts. This is primarily done to increase the seating capacity as airlines look at generating more revenue than fly an empty business class.
Freighter conversions will be the one to look out for as trade among nations is becoming popular due to free trade agreements signed by the governments. Most of the conversions happen in North America due to voluminous trade of goods and services. VIP modifications will be the one for the future as more and more business heads have their own private jets and to customize the cabins will involve a lot of money. North America, Europe and Middle East will be the markets to target for while APAC will draw attention.
The estimated revenue for refurbishing market has increased from $3.04 billion in 2012 to $4.26 billion in 2017 globally. The CAGR of 2012 to 2017 is estimated to be 7.0%. The revenues for aircraft refurbishing market show an increase over the forecasted period and will continue to be a fast evolving market.
Scope of the Report
This report analyzes the Global Aircraft Refurbishing market based on:
This report covers the aircraft refurbishing market by:
- Very large aircrafts
- Wide Body aircrafts,
- Narrow Body aircrafts,
- VIP Aircrafts,
- Passenger to Freighter conversions,
- Commercial cabin refurbishments and
- VIP cabin refurbishments
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the Aircraft Refurbishing market in North America, Europe, Asia-Pacific, Latin America, Middle East, Africa and ROW. The report draws the competitive landscape of the aircraft refurbishing market, providing an in-depth comparative analysis of the technological and future developments the key players are adopting in order to gain an edge over the competitors.
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