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Allied Market Research

Aircraft Refurbishing Market by Aircraft Type (VLA Refurbishing Market, WB Refurbishing Market, NB Refurbishing Market, and VIP Refurbishing Market) and Refurbishing Type (Passenger-to-freighter, Commercial Aircraft Cabin Refurbishing, and VIP Cabin Refurbishing Fixed-wing Aircraft): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09100
Pages: NA
Dec 2020 | 64 Views
 
Author(s) : NA
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Charts: NA
 

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Aircraft Refurbishing Market Outlook - 2027

Aircraft refurbishing is done to ensure that aircraft always remain in basic/minimum/required norms of flying condition. Refurbishing includes inspection, overhaul, replacement, defect rectification, and embodiment modifications. Therefore like MRO, refurbishing industry is also responsible to maintain any aircraft in working condition. 

In passenger seats refurbishing, the entire aircraft seating is replaced, including economy class, premium economy, first class, and business class. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Aircraft type and refurbishing type

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

Diehl Stiftung & Co. KG, SIA Engineering Co Ltd, Hong Kong Aircraft Engineering Company Limited, and United Technology Corporation

 

COVID-19 scenario analysis:

  • Aircraft refurbishing market might be among those exceptions of industries which are surviving despite COVID-19 pandemic, even more demand is expected to soar post pandemic. 
  • Aircraft refurbishing market as a whole was still in profitable situation yet many segments within this industry too are facing as much difficulty as any other industry. 
  • Many aircraft companies have started offering communications and imaging services that contribute to national security, while providing critical communication connectivity that is of paramount importance to a society in a safe harboring mode — and therefore may warrant additional support from governments.
  • Support from government side is increasing, as the global health crisis has forced an emergency sort of situation throughout the globe, and without government incentivization, it would be complicated for industry to initiate any new project.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Changing preference of customers

Premium economy class are being preferred among users/passengers as it offers significant upgrade over regular economy class without charging high price of business class fare. They are more popular among passengers because it offers more space and comfort, premium meals with complementary bar service, and priority check-in and baggage delivery at the airport.

Moreover, major airlines across the globe are introducing premium class section in their aircrafts for their customers. Thus it is expected to offer lucrative opportunities for refurbishment service providers to increase number of premium economy class seats for passengers.

Additionally, refurbishing service providers are offering standardized and modular designs for selected aircrafts. Completion and refurbishment centers are in constant search of more efficient ways to work. Consequently, downtime for aircraft is minimal and cabin refurbishment is very cost effective. 

Furthermore, the development of a modular aircraft cabin includes the entire ecosystem of airlines, manufacturers, passengers, and regulators, simplifying the process of customizing aircraft cabins. That is why the modular kit interior concept is estimated to become industry standard in business aircraft refurbishment in the upcoming years. 

However, Lack of technological adaptability with emerging technique is restraint factor for the aircraft refurbishing market. 

Aircraft refurbishing market trends are as follows:

Recently, Canadian charter carrier Nolinor has installed the world’s lightest seats on the three Boeing 737-400s it acquired in May. Opting for the TiSeat E2 made by French manufacturer Expliseat will give a reduction in the weight of each aircraft of 1.1 tons. This will save Nolinor 1.1 tons per aircraft. Nolinor’s 737-400 refurbished cabins will seat 158 passengers in economy configuration.

The TiSeat, marketed as the “disruptive seating solution in the aeronautic industry,” is made of titanium and carbon-reinforced composites. The manufacturer says that it is up to 40% lighter than other certified seats in the market. The Nolinor E2 version is equipped with a 4.5-inch recline, and foam combinations for flights up to seven hours.

Some airlines that have opted for Expliseat’s lightweight offerings are, among others, United Express, Cebu Pacific, Air Tahiti, CalmAir, and FlyCAA.

The airline says that the weight saving the TiSeat offers allows it to modernize its fleet while increasing competitiveness. The 1.1 tons of extra wiggle room can generate extra payload by transporting additional cargo or unlock more range. Of course, less weight means less fuel, which should be positive from an environmental perspective. 

Key segments covered:

Segments

Subsegments

  Aircraft type

  • VLA Refurbishing Market
  • WB Refurbishing Market
  • NB Refurbishing Market
  • VIP Refurbishing Market

  Refurbishing type

  • Passenger-to-freighter
  • Commercial Aircraft Cabin Refurbishing
  • VIP Cabin Refurbishing Fixed-wing Aircraft

 

Key benefits of the report:

  • This study presents the analytical depiction of the aircraft refurbishing market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aircraft refurbishing market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the aircraft refurbishing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed aircraft refurbishing market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the aircraft refurbishing market:

  • Which are the leading players active in the aircraft refurbishing market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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