The aircraft refurbishing market has the potential to grow by USD 8.49 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 16.38%.
This aircraft refurbishing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by aircraft type (narrow body, wide body, VIP aircraft, and passenger to freighter) and geography (North America, Europe, APAC, MEA, and South America). The aircraft refurbishing market report also offers information on several market vendors, including AAR Corp., Delta Air Lines Inc., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Raytheon Technologies Corp., Rolls-Royce Plc, SIA Engineering Co., and Thales Group among others.
What will the Aircraft Refurbishing Market Size be in 2021?
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Aircraft Refurbishing Market: Key Drivers and Trends
The growing demand for premium economy class is notably driving the aircraft refurbishing market growth, although factors such as lack of pre-determined aircraft retirement age may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aircraft refurbishing market industry get your FREE report sample now.
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This aircraft refurbishing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major Aircraft Refurbishing Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AAR Corp.
- Delta Air Lines Inc.
- General Electric Co.
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Lockheed Martin Corp.
- Raytheon Technologies Corp.
- Rolls-Royce Plc
- SIA Engineering Co.
- Thales Group
The aircraft refurbishing market is fragmented and the vendors are deploying growth strategies such as offering aftermarket service to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the aircraft refurbishing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Aircraft Refurbishing Market?
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33% of the market’s growth will originate from North America during the forecast period. The US is the key market for aircraft refurbishing in North America. Market growth in this region will be faster than the growth of the market in South America.
The robust aviation base will facilitate the aircraft refurbishing market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Aircraft Type Segments in the Aircraft Refurbishing Market?
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A narrow body aircraft, also called a single-aisle aircraft, has only one aisle in the cabin, with the passenger seating arrangement divided into two axial groups. The market growth in this segment is closely tied to the growth in demand for narrow body aircraft across the globe. With the need for fuel-efficient aircraft and the increasing popularity of no-frill services or low-cost carriers (LCC) in many emerging and developed economies, the demand for narrow body aircraft is significantly increasing.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft refurbishing market size.
What are the Key Factors Covered in this Aircraft Refurbishing Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive aircraft refurbishing market growth during the next five years
- Precise estimation of the aircraft refurbishing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft refurbishing industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of aircraft refurbishing market vendors
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Aircraft Refurbishing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 16% |
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Market growth 2021-2025 |
$ 8.49 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
38.50 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, France, Russian Federation, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AAR Corp., Delta Air Lines Inc., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Raytheon Technologies Corp., Rolls-Royce Plc, SIA Engineering Co., and Thales Group |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |