Aircraft Refurbishing Market Projected to Reach US$ 8,694.18 Million by 2034 with 5.82% CAGR

Ongoing Aircraft Refurbishing Market trends have the potential to reach US$ 8,694.18 million by 2034. According to the estimations, the market study shows a 5.82% CAGR till 2034. The market for aeroplane refurbishment is expected to be worth US$ 4,938.26 million by 2024.

The Aircraft Refurbishing Market is experiencing steady growth as airlines and aircraft owners seek to enhance the comfort, functionality, and aesthetics of their existing aircraft fleets. With the increasing demand for air travel and the aging of aircraft, refurbishing has become a cost-effective alternative to purchasing new aircraft. Aircraft refurbishment involves upgrading and modernizing various aspects of the aircraft’s interior and exterior, including cabin layout, seating configurations, entertainment systems, lighting, lavatories, galleys, and exterior paint schemes.

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Moreover, the growing trend towards personalized and luxury air travel experiences has fueled demand for bespoke refurbishment solutions tailored to the preferences of VIP customers, corporate clients, and charter operators. Additionally, advancements in materials, technology, and design concepts are driving innovation in aircraft refurbishment, enabling the integration of state-of-the-art amenities, connectivity solutions, and sustainability features. As airlines and aircraft operators strive to differentiate their brands, improve passenger satisfaction, and extend the operational life of their fleets, the Aircraft Refurbishing Market is poised for continued growth and expansion.

Global Aircraft Refurbishing Market: Key Vendor Insights

Some of the prominent players in the global aircraft refurbishing market are:
United Technology Corporation, SIA Engineering Co Ltd, Hong Kong Aircraft Engineering Company Limited, Gulfstream Aerospace, Ltd, JAMCO America, Sabreliner Aviation LLC Diehl Stiftung & Co. KG, Lufthansa Technik AG, SCI Cabin Interiors, and Jet Aviation AG. Tier-1 players are collaborating with regional/local companies to increase their aircraft refurbishing product portfolio, thus, gaining a competitive edge over their peers.

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Key Segment

Based on the aircraft type

  • large body aircraft
  • wide body aircraft
  • narrow body aircraft

Based on the refurbishing type

  • VIP cabin refurbishing
  • commercial cabin refurbishing

Based on the fitting type

  • retrofit
  • IFEC and lighting
  • passenger seats

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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