Global Aircraft Refurbishing Market research report published by Stratview Research studies the latest Aircraft Refurbishing industry aspects like market size, trends, opportunities, and strategies to boost growth, revenue, marketplace expanding, technological innovations and more. The report covers the data from 2022-2027 for the sector. The report also provides a comprehensive overview of demand & supply and key participants can consider the statistics, tables and figures mentioned in this report for strategic planning which will lead to the success of the organization.
The recent report on the Aircraft Refurbishing Market published by Stratview Research is segmented by Types of Refurbishing Services (Interior, Exterior), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, and VIP), by Refurbishing Type (Passenger-To-Freighter, Commercial Aircraft Cabin Refurbishing, and VIP Cabin Refurbishing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Aircraft Refurbishing Market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2027.
Impact of COVID-19 on Aircraft Refurbishing Market
With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Aircraft Refurbishing Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Several factors are attributed to this sudden spurt in growth, which include airlines and business jet owners undertaking retrofit of their aircraft in a shorter cycle than in the initial days of civil aviation. The future of this market will majorly be the various types of work which entail the overall process of a chain of complete conversions or cabin refurbishing, these works are characteristically outsourced by the aircraft manufacturers or owners to centers known as center of completions.
Some of the major players operating in the global Aircraft Refurbishing Market are-
- B/E Aerospace
- Gulfstream Aerospace Corporation
- Lufthansa Technik
- Rose Aircraft Services
- Sabreliner Corporation
- Sia Engineering Company
- Timco Aviation Services
- Zodiac Aerospace, Inc.
In terms of regions, the North American region accounted for the largest share of the market for aircraft refurbishing in 2018, and is likely to maintain its dominance during the forecast period. The market is driven by the presence of key aircraft manufacturers, such as the Boeing Company (US) and Bombardier Inc. (Canada) in this region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Critical Questions Answered in the Report
- What are the key trends in the global Aircraft Refurbishing Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Aircraft Refurbishing Market?
- What are the key strategies adopted by the major vendors to lead in the global Aircraft Refurbishing Market?
- What is the market share of the top vendors?
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