Aircraft Refurbishing Market Future Growth Analysis and Challenges


Posted July 1, 2020 by rohit890

Aircraft refurbishing is the process required to ensure the continuing soundness and safety of an aircraft. It includes inspection, overhaul, replacement, defect rectification, and embodiment modifications.

 
Market Overview

Aircraft refurbishing is the process required to ensure the continuing soundness and safety of an aircraft. It includes inspection, overhaul, replacement, defect rectification, and embodiment modifications. Retrofit refurbishing gives a new look to the aircraft, which is comprised of constructing, renovating, and repairing cabin interiors, in order to comply with necessary requirements. Furthermore, it replaces lavatory, overhead bins, sidewalls liners, monuments, windows, cabin lighting, and carpet. In passenger seats refurbishing, the entire aircraft seating is replaced including, economy class, premium economy, first class, and business class. In VIP refurbishing, the entire VIP cabin is refurbished including replacements of seats, overhead bins, lavatory, monuments, etc. in the business class of the flight.

The global aircraft refurbishing market was valued at US$ 4,210.2 Mn in 2018 and is expected to grow at a CAGR of 6.0% during the forecasted period (2019-2027)

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Market Dynamics

The low-cost carriers (LCC) airlines such as Sun Country Airlines Company is upgrading their cabin elements such as toilets, galleys, and lavatories in order to increase the seating capacity of aircraft. For instance, in May 2018, United States based Sun Country Airlines invested US$ 20 million on refurbishing planes to increase the seating capacity of the plane. In addition to this, each refurbished plane of Sun Country Airlines will increase capacity on the 737-800s by 9%.

Furthermore, the airline companies including British Airways and others are installing next-generation latest equipment and lightweight seats to develop their operational efficiencies. For instance, in February 2016, U.K based British Airways has completed the major refurbishment of 18 of the airline’s to the enhanced passenger experience.

Detailed Segmentation:

Global Aircraft Refurbishing Market, By Aircraft Type:

Wide Body Aircraft

Narrow Body Aircraft

Large Body Aircraft

Global Aircraft Refurbishing Market, By Refurbishing Type:

Passenger to Freighter Refurbishing

VIP Cabin Refurbishing

Commercial Cabin Refurbishing

Global Aircraft Refurbishing Market, By Fitting Type:

Retrofit

IFEC

Passenger Seats



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Key companies operating in the global aircraft refurbishing market are B/E Aerospace, Inc., Diehl Stiftung & Co. KG, Gulfstream Aerospace, Ltd, Hong Kong Aircraft Engineering Company Limited, JAMCO America, Jet Aviation AG, Lufthansa Technik AG, Sabreliner Aviation LLC, Safran SA, SCI Cabin Interiors, SIA Engineering Co Ltd., United Technologies Corporation, and Zodiac Aerospace S.A.

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Last Updated July 1, 2020