Global Aircraft Refurbishing Market Growth, Trends, COVID-19 Impact and Forecasts to 2029


Posted January 24, 2023 by pranit10

Global Aircraft Refurbishing Market size was valued at US$ 6.96 Bn. in 2021 and the total revenue is expected to grow at 5.1 % through 2022 to 2029, reaching nearly US$ 10.37 Bn.

 
Global Aircraft Refurbishing Market Overview:

The " Global Aircraft Refurbishing Market Analysis" is a detailed examination of the Global Aircraft Refurbishing market, with an emphasis on global market trends and analysis. The purpose of this research is to offer an overview of the Global Aircraft Refurbishing industry as well as complete market segmentation by segment and geography. Over the forecast period, the Global Aircraft Refurbishing market is predicted to increase substantially. The study includes key data on the market positions of the top Global Aircraft Refurbishing organizations, as well as significant industry trends and prospects.

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Market Scope:

Top-down and bottom-up approaches are used to validate the market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

Segmentation:

By Type of Refurbishment, In the upcoming years, the global aircraft refurbishing market is expected to be dominated by passenger-to-freighter refurbishing due to the growing demand from passengers for a relaxing and comfortable air travel experience. The second decade of this century has seen a 3.7% increase in demand for Refurbishing Avionics and Aircraft Cabin by commercial airline firms due to the presence of more than 5000 wires and cables and the need for reassuring and simple-to-use systems in the cockpit.

From 2016 to 2020, the civil aviation industry will see a 2.7% increase in demand for upgrading Connectivity Systems due to a rise in the demand for connected aircraft from both passengers and employees.

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Key Players:

To identify industry leaders and estimate market revenue, primary and secondary research are both used. As part of the core study, extensive interviews with thought leaders and industry professionals, including seasoned front-line staff, CEOs, and marketing specialists, were conducted. An examination of annual and financial reports from well-known manufacturers was part of the secondary study. To calculate percentage splits, market shares, growth rates, and global market breakdowns, secondary data is used; these results are then compared to the original data. The companies in the Global Aircraft Refurbishing industry are listed below.

Winch Design
Airjet Designs
Alberto Pinto
Andrew Winch Designs
ARGENT
AAR
Ascent Aviation Services
JCB Aero
COMLUX
Sia Engineering Company
Greenpoint Technologies
International Jet Interiors
Jean-Louis Deniot
Jet Aviation
Regional Analysis:

The research focuses on geographic analysis, which is further divided into sub-regions and nations. This component of the research includes profit estimates and market share figures for each nation. This section of the research looks at each region's and country's share and growth rate throughout the anticipated time.

After analysing political, economic, social, and technological factors affecting the Global Aircraft Refurbishing market in various sectors, the research presents a complete PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Global Aircraft Refurbishing Market:

The COVID-19 virus has altered customer behaviour in all aspects of society. Businesses, on the other hand, must adjust their strategy to account for shifting market supply. This analysis gives an outline of COVID-19's impact on the Global Aircraft Refurbishing market and will help you build your business in compliance with the new industry standards.

The Global Aircraft Refurbishing Market Report presents thorough research spanning from the agile supply chain and trade limitations to regional government regulations and the firm's future influence under the COVID-19 Impact section. Primary market research (2021-2027), examples of venture rivalry, the advantages and disadvantages of huge business channels, and industry growth trends (2021-2027) are all offered.

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Last Updated January 24, 2023