Aircraft Refurbishing Market is expected to reach a CAGR of 5.8% in terms of value during 2016 – 2026
Future Market Insights has announced the addition of the “Aircraft Refurbishing Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Future Market Insights has announced the addition of the “Aircraft Refurbishing Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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<strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong>: Global Industry Analys<strong>is</strong> &<br />
Opportunity Assessment, <strong>2016</strong>-<strong>2026</strong><br />
May 2017<br />
Report Id : REP-GB-1617<br />
Status : Ongo<strong>in</strong>g<br />
Category : Industrial Au<strong>to</strong>mation and Equipment<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong><br />
Global <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> <strong>to</strong> Witness High Demand for Retr<strong>of</strong>it Fitt<strong>in</strong>gs<br />
Future <strong>Market</strong> Insights’ recently publ<strong>is</strong>hed report on global market for aircraft refurb<strong>is</strong>h<strong>in</strong>g projects that<br />
dur<strong>in</strong>g a forecast period from <strong>2016</strong> <strong>to</strong> <strong>2026</strong>, the market shall exhibit a steady revenue growth at <strong>5.8%</strong><br />
<strong>CAGR</strong>. The report estimates that <strong>in</strong> the years <strong>to</strong> come, the luxury quotient <strong>of</strong> airl<strong>in</strong>e <strong>in</strong>teriors will surge as<br />
the number <strong>of</strong> wealthy air travellers <strong>is</strong> slated <strong>to</strong> <strong>in</strong>crease. Frequent air travel by well-heeled people <strong>is</strong> also<br />
prompt<strong>in</strong>g aircraft companies <strong>to</strong> opt for refurb<strong>is</strong>h<strong>in</strong>g <strong>of</strong> VIP cab<strong>in</strong>s. Sett<strong>in</strong>g aside the impact <strong>of</strong> wealthy<br />
travellers on refurb<strong>is</strong>hment <strong>of</strong> VIP aircraft cab<strong>in</strong>s, the demand for aircraft refurb<strong>is</strong>h<strong>in</strong>g <strong>is</strong> also <strong>expected</strong> <strong>to</strong><br />
ga<strong>in</strong> traction due <strong>to</strong> its benefits for the aircraft’s operational efficiency.<br />
Accord<strong>in</strong>g <strong>to</strong> the report, airl<strong>in</strong>e companies aim<strong>in</strong>g <strong>to</strong> improve performance <strong>of</strong> their aircrafts are<br />
refurb<strong>is</strong>h<strong>in</strong>g the <strong>in</strong>teriors & lower<strong>in</strong>g gross weight <strong>of</strong> the aircraft. Th<strong>is</strong> results <strong>in</strong> lesser fuel consumption<br />
and maximum power retention, thereby upgrad<strong>in</strong>g the aircrafts operational performance. Ow<strong>in</strong>g <strong>to</strong> such<br />
fac<strong>to</strong>rs, the global aircraft refurb<strong>is</strong>h<strong>in</strong>g market, which <strong>is</strong> presently <strong>value</strong>d at a little over US$ 4 Bn, will<br />
br<strong>in</strong>g <strong>in</strong> more than US$ 7.13 Bn revenues by the end <strong>of</strong> <strong>2026</strong>.<br />
Request Report Sample@ http://www.futuremarket<strong>in</strong>sights.com/reports/sample/rep-gb-1617<br />
Middle East & Africa <strong>to</strong> Record Rapid Sales <strong>of</strong> <strong>Aircraft</strong> Refurb<strong>is</strong>hments<br />
Dur<strong>in</strong>g th<strong>is</strong> ten-year forecast period, around 890,000 units <strong>of</strong> aircraft refurb<strong>is</strong>hments will be consumed<br />
across the globe. The demand for aircraft refurb<strong>is</strong>h<strong>in</strong>g <strong>is</strong> projected <strong>to</strong> rema<strong>in</strong> relatively high across the US<br />
and Canada<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong><br />
Through <strong>2026</strong>, North America <strong>is</strong> likely <strong>to</strong> dom<strong>in</strong>ate with more than 30% share on global revenues.<br />
However, <strong>in</strong> <strong>terms</strong> <strong>of</strong> volume, the aircraft refurb<strong>is</strong>h<strong>in</strong>g market <strong>in</strong> Asia-Pacific exclud<strong>in</strong>g Japan (APEJ) region<br />
will reg<strong>is</strong>ter a relatively rapid growth at nearly 6% <strong>CAGR</strong>.<br />
The report also projects that by the end <strong>of</strong> <strong>2026</strong>, the demand for aircraft refurb<strong>is</strong>h<strong>in</strong>g will r<strong>is</strong>e across<br />
Western Europe, Lat<strong>in</strong> America and Japan. But, dur<strong>in</strong>g th<strong>is</strong> period, the Middle East & Africa (MEA) aircraft<br />
refurb<strong>is</strong>h<strong>in</strong>g market <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>in</strong>cur fastest revenue growth. Reg<strong>is</strong>ter<strong>in</strong>g a <strong>value</strong> <strong>CAGR</strong> <strong>of</strong> 6.9%, the<br />
MEA aircraft refurb<strong>is</strong>h<strong>in</strong>g market will ga<strong>in</strong> traction dur<strong>in</strong>g the latter half <strong>of</strong> the forecast period. Higher<br />
concentration <strong>of</strong> wealthy <strong>in</strong>dividuals across Middle Eastern countries such as the UAE or Saudi Arabia <strong>is</strong><br />
likely <strong>to</strong> fuel the refurb<strong>is</strong>hment <strong>of</strong> VIP cab<strong>in</strong>s among aircrafts commut<strong>in</strong>g through th<strong>is</strong> region.<br />
Retr<strong>of</strong>it Refurb<strong>is</strong>hments Likely <strong>to</strong> Garner Surplus Demand<br />
The report, titled “<strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong>: Global Industry Analys<strong>is</strong> and Opportunity Assessment,<br />
<strong>2016</strong>-<strong>2026</strong>,” further reveals that more than half <strong>of</strong> the market’s global revenues will ar<strong>is</strong>e from<br />
refurb<strong>is</strong>hment <strong>of</strong> narrow body aircrafts. While large body and wide body aircrafts will collectively account<br />
for more than 40% share, refurb<strong>is</strong>h<strong>in</strong>g revenues emanat<strong>in</strong>g from narrow body aircrafts will reg<strong>is</strong>ter<br />
highest <strong>value</strong> <strong>CAGR</strong> <strong>–</strong> 6.1%. Based on the type <strong>of</strong> refurb<strong>is</strong>hment, commercial cab<strong>in</strong> refurb<strong>is</strong>h<strong>in</strong>g will hold<br />
the majority <strong>of</strong> global revenues with 83% share, while VIP cab<strong>in</strong> refurb<strong>is</strong>h<strong>in</strong>g will witness a marg<strong>in</strong>al<br />
decl<strong>in</strong>e <strong>in</strong> <strong>terms</strong> <strong>of</strong> its contribution <strong>to</strong> global aircraft refurb<strong>is</strong>h<strong>in</strong>g revenues.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong><br />
More than two-third <strong>of</strong> aircraft refurb<strong>is</strong>h<strong>in</strong>g revenues collected from across the globe are presently<br />
accounted by retr<strong>of</strong>it fitt<strong>in</strong>gs. While th<strong>is</strong> share <strong>is</strong> likely <strong>to</strong> <strong>in</strong>cur a slight downtrend <strong>to</strong>wards the end <strong>of</strong><br />
<strong>2026</strong>, the global aircraft refurb<strong>is</strong>h<strong>in</strong>g market will witness an uptick from fitt<strong>in</strong>g segments such as<br />
passenger seats and IFEC. The report has also pr<strong>of</strong>iled prom<strong>in</strong>ent manufacturers <strong>of</strong> aircraft<br />
refurb<strong>is</strong>hments, which <strong>in</strong>clude B/E Aerospace, Inc., Diehl Stiftung & Co. KG, Gulfstream Aerospace, Ltd.,<br />
Hong Kong <strong>Aircraft</strong> Eng<strong>in</strong>eer<strong>in</strong>g Company Limited, JAMCO America, Jet Aviation AG, Lufthansa Technik<br />
AGm Sabrel<strong>in</strong>er Aviation LLC, SCI Cab<strong>in</strong> Interiors, United Technology Corporation, SIA Eng<strong>in</strong>eer<strong>in</strong>g Co. Ltd,<br />
and Zodiac Aerospace SA.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
Table <strong>of</strong> Content<br />
1. Executive Summary<br />
2. <strong>Market</strong> Introduction<br />
2.1. <strong>Market</strong> Def<strong>in</strong>ition<br />
2.2. <strong>Market</strong> Taxonomy<br />
2.3. Pric<strong>in</strong>g Analys<strong>is</strong><br />
2.3.1. Price Projections Per Region<br />
2.4. <strong>Market</strong> Value (US $ Mn) Forecast<br />
2.4.1. <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> Vale Forecast and Y-o-Y Growth<br />
2.5. <strong>Market</strong> Overview<br />
2.5.1. Value Cha<strong>in</strong><br />
2.5.1.1. Component Manufacturers<br />
2.5.1.2. MRO service providers<br />
3. <strong>Market</strong> Dynamics<br />
3.1. Macro-economic Fac<strong>to</strong>rs<br />
3.2. Drivers<br />
3.3. Restra<strong>in</strong>ts<br />
3.4. Trends<br />
3.5. Opportunity<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
7
Table <strong>of</strong> Content<br />
4. Global <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> Analys<strong>is</strong> and Forecast, By <strong>Aircraft</strong> Type<br />
4.1. Introduction<br />
4.1.1. Bas<strong>is</strong> Po<strong>in</strong>t Share (BPS) Analys<strong>is</strong> By <strong>Aircraft</strong> Type<br />
4.1.2. Y-o-Y Growth Projections By <strong>Aircraft</strong> Type<br />
4.2. <strong>Market</strong> Size (US$ Mn) and Volume Forecast By <strong>Aircraft</strong> Type<br />
4.2.1. Wide Body <strong>Aircraft</strong><br />
4.2.2. Narrow Body <strong>Aircraft</strong><br />
4.2.3. Large <strong>Aircraft</strong><br />
4.3. <strong>Market</strong> Attractiveness Analys<strong>is</strong> By <strong>Aircraft</strong> Type<br />
5. Global <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> Analys<strong>is</strong> and Forecast, By <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> Type<br />
5.1. Introduction<br />
5.1.1. Bas<strong>is</strong> Po<strong>in</strong>t Share (BPS) Analys<strong>is</strong> By <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> Type<br />
5.1.2. Y-o-Y Growth Projections By <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> Type<br />
5.2. <strong>Market</strong> Size (US$ Mn) and Volume Forecast By <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> Type<br />
5.2.1. Passenger <strong>to</strong> Freighter <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong><br />
5.2.2. VIP Cab<strong>in</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong><br />
5.2.3. Commercial Cab<strong>in</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong><br />
5.3. <strong>Market</strong> Attractiveness Analys<strong>is</strong> By <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> Type<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
6. Global <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> Analys<strong>is</strong> and Forecast, By Fitt<strong>in</strong>g<br />
6.1. Introduction<br />
6.1.1. Bas<strong>is</strong> Po<strong>in</strong>t Share (BPS) Analys<strong>is</strong> By Fitt<strong>in</strong>g<br />
6.1.2. Y-o-Y Growth Projections By Fitt<strong>in</strong>g<br />
6.2. <strong>Market</strong> Size (US$ Mn) and Volume Forecast By Fitt<strong>in</strong>g<br />
6.2.1. Retr<strong>of</strong>it<br />
6.2.2. IFEC System<br />
6.2.3. Passenger Seats<br />
6.3. <strong>Market</strong> Attractiveness Analys<strong>is</strong> By Fitt<strong>in</strong>g<br />
7. Global <strong>Aircraft</strong> <strong>Refurb<strong>is</strong>h<strong>in</strong>g</strong> <strong>Market</strong> Analys<strong>is</strong> and Forecast, By Region<br />
7.1. Introduction<br />
7.1.1. Bas<strong>is</strong> Po<strong>in</strong>t Share (BPS) Analys<strong>is</strong> By Region<br />
7.1.2. Y-o-Y Growth Projections By Region<br />
7.2. <strong>Market</strong> Size (US$ Mn) and Volume Forecast By Region<br />
7.2.1. North America<br />
7.2.2. Lat<strong>in</strong> America<br />
7.2.3. Western Europe<br />
7.2.4. Eastern Europe<br />
7.2.5. APEJ<br />
7.2.6. Japan<br />
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