Aircraft Refurbishing Market By Refurbishing Service, By Aircraft Type, By Type, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: AIRCRAFT REFURBISHING MARKET, BY REFURBISHING SERVICE
4.1 Overview
4.1.1 Market size and forecast
4.2 Interior
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Exterior
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: AIRCRAFT REFURBISHING MARKET, BY AIRCRAFT TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Very light aircraft
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Wide body aircraft
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Narrow body aircraft
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Large body aircraft
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 VIP aircraft
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: AIRCRAFT REFURBISHING MARKET, BY TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Passenger to freighter
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commercial Aircraft Cabin
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 VIP Cabin Refurbishing
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: AIRCRAFT REFURBISHING MARKET, BY END USE
7.1 Overview
7.1.1 Market size and forecast
7.2 Government
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Commercial
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: AIRCRAFT REFURBISHING MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Refurbishing Service
8.2.3 North America Market size and forecast, by Aircraft Type
8.2.4 North America Market size and forecast, by Type
8.2.5 North America Market size and forecast, by End Use
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Refurbishing Service
8.2.6.1.2 Market size and forecast, by Aircraft Type
8.2.6.1.3 Market size and forecast, by Type
8.2.6.1.4 Market size and forecast, by End Use
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Refurbishing Service
8.2.6.2.2 Market size and forecast, by Aircraft Type
8.2.6.2.3 Market size and forecast, by Type
8.2.6.2.4 Market size and forecast, by End Use
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Refurbishing Service
8.2.6.3.2 Market size and forecast, by Aircraft Type
8.2.6.3.3 Market size and forecast, by Type
8.2.6.3.4 Market size and forecast, by End Use
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Refurbishing Service
8.3.3 Europe Market size and forecast, by Aircraft Type
8.3.4 Europe Market size and forecast, by Type
8.3.5 Europe Market size and forecast, by End Use
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Refurbishing Service
8.3.6.1.2 Market size and forecast, by Aircraft Type
8.3.6.1.3 Market size and forecast, by Type
8.3.6.1.4 Market size and forecast, by End Use
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Refurbishing Service
8.3.6.2.2 Market size and forecast, by Aircraft Type
8.3.6.2.3 Market size and forecast, by Type
8.3.6.2.4 Market size and forecast, by End Use
8.3.6.3 Russia
8.3.6.3.1 Market size and forecast, by Refurbishing Service
8.3.6.3.2 Market size and forecast, by Aircraft Type
8.3.6.3.3 Market size and forecast, by Type
8.3.6.3.4 Market size and forecast, by End Use
8.3.6.4 Netherlands
8.3.6.4.1 Market size and forecast, by Refurbishing Service
8.3.6.4.2 Market size and forecast, by Aircraft Type
8.3.6.4.3 Market size and forecast, by Type
8.3.6.4.4 Market size and forecast, by End Use
8.3.6.5 UK
8.3.6.5.1 Market size and forecast, by Refurbishing Service
8.3.6.5.2 Market size and forecast, by Aircraft Type
8.3.6.5.3 Market size and forecast, by Type
8.3.6.5.4 Market size and forecast, by End Use
8.3.6.6 Poland
8.3.6.6.1 Market size and forecast, by Refurbishing Service
8.3.6.6.2 Market size and forecast, by Aircraft Type
8.3.6.6.3 Market size and forecast, by Type
8.3.6.6.4 Market size and forecast, by End Use
8.3.6.7 Spain
8.3.6.7.1 Market size and forecast, by Refurbishing Service
8.3.6.7.2 Market size and forecast, by Aircraft Type
8.3.6.7.3 Market size and forecast, by Type
8.3.6.7.4 Market size and forecast, by End Use
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Refurbishing Service
8.3.6.8.2 Market size and forecast, by Aircraft Type
8.3.6.8.3 Market size and forecast, by Type
8.3.6.8.4 Market size and forecast, by End Use
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Refurbishing Service
8.4.3 Asia-Pacific Market size and forecast, by Aircraft Type
8.4.4 Asia-Pacific Market size and forecast, by Type
8.4.5 Asia-Pacific Market size and forecast, by End Use
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Refurbishing Service
8.4.6.1.2 Market size and forecast, by Aircraft Type
8.4.6.1.3 Market size and forecast, by Type
8.4.6.1.4 Market size and forecast, by End Use
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Refurbishing Service
8.4.6.2.2 Market size and forecast, by Aircraft Type
8.4.6.2.3 Market size and forecast, by Type
8.4.6.2.4 Market size and forecast, by End Use
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Refurbishing Service
8.4.6.3.2 Market size and forecast, by Aircraft Type
8.4.6.3.3 Market size and forecast, by Type
8.4.6.3.4 Market size and forecast, by End Use
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Refurbishing Service
8.4.6.4.2 Market size and forecast, by Aircraft Type
8.4.6.4.3 Market size and forecast, by Type
8.4.6.4.4 Market size and forecast, by End Use
8.4.6.5 Asean
8.4.6.5.1 Market size and forecast, by Refurbishing Service
8.4.6.5.2 Market size and forecast, by Aircraft Type
8.4.6.5.3 Market size and forecast, by Type
8.4.6.5.4 Market size and forecast, by End Use
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Refurbishing Service
8.4.6.6.2 Market size and forecast, by Aircraft Type
8.4.6.6.3 Market size and forecast, by Type
8.4.6.6.4 Market size and forecast, by End Use
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Refurbishing Service
8.5.3 LAMEA Market size and forecast, by Aircraft Type
8.5.4 LAMEA Market size and forecast, by Type
8.5.5 LAMEA Market size and forecast, by End Use
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Refurbishing Service
8.5.6.1.2 Market size and forecast, by Aircraft Type
8.5.6.1.3 Market size and forecast, by Type
8.5.6.1.4 Market size and forecast, by End Use
8.5.6.2 UAE
8.5.6.2.1 Market size and forecast, by Refurbishing Service
8.5.6.2.2 Market size and forecast, by Aircraft Type
8.5.6.2.3 Market size and forecast, by Type
8.5.6.2.4 Market size and forecast, by End Use
8.5.6.3 Saudi Arabia
8.5.6.3.1 Market size and forecast, by Refurbishing Service
8.5.6.3.2 Market size and forecast, by Aircraft Type
8.5.6.3.3 Market size and forecast, by Type
8.5.6.3.4 Market size and forecast, by End Use
8.5.6.4 South Africa
8.5.6.4.1 Market size and forecast, by Refurbishing Service
8.5.6.4.2 Market size and forecast, by Aircraft Type
8.5.6.4.3 Market size and forecast, by Type
8.5.6.4.4 Market size and forecast, by End Use
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Refurbishing Service
8.5.6.5.2 Market size and forecast, by Aircraft Type
8.5.6.5.3 Market size and forecast, by Type
8.5.6.5.4 Market size and forecast, by End Use

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 AFI KLM E&M
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 B/E Aerospace
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Diehl Shiftung & Co. KG
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Gulfstream Aerospace Ltd.
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Hong Kong Aircraft Engineering Co. Ltd
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Jamco America Inc.
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Jet Aviation AG
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Lufthansa Technik
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Nextant Aerospace
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Raytheon Technologies
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Rose Aircraft Services
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Sabreliner Aviation LLC
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Safran SA
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 SIA Engineering Co. Ltd
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Timco Aviation Services
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Zodiac Aerospace, Inc
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Aircraft Refurbishing Market,' the aircraft refurbishing market was valued at $456.70 million in 2021, and is estimated to reach $932.5 million by 2031, growing at a CAGR of 7.2% from 2022 to 2031.

In 2021, Asia-Pacific dominated the market in terms of revenue, followed by Europe, North America, and LAMEA. Initiatives taken by the governments toward the modernization of aviation sector and rise in air traffic in the region are expected to propel the growth of the aircraft refurbishing market during the forecast period.

There are prominent key factors that drive the growth of the aircraft refurbishing market such as rise in operations in the commercial aviation, and increase in demand from emerging regions. The market economy is also responsible for the growth of the market. Emerging countries in the region, such as India and China, are experiencing significant increases in civil aviation markets due to increased demand for air travel. Thus, the aerospace sector is witnessing prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the aircraft refurbishing industry.

The aircraft refurbishing market is segmented on the basis of refurbishing service, aircraft type, type, end use, and region. The refurbishing service segment is bifurcated into interior and exterior. By aircraft type, the market is classified into very light aircraft, wide body aircraft, narrow body aircraft, large body aircraft, and VIP aircraft. On the basis of type, it is divided into passenger to freighter, commercial aircraft cabin, and VIP cabin refurbishing. By end use, it is categorized into line government and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Impact Analysis

The COVID-19 impact on the Aircraft Refurbishing market is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for aircraft components.

As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely, which, in turn, negatively impacted the market for Aircraft Refurbishing market in 2020.

Governments across the globe implemented strict lockdowns and made social distancing mandatory to prevent the spread of the COVID-19 virus. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for traveling, which has affected the aviation industry.

However, global air travel continues to recover in 2022, as Omicron has less impact on countries other than Asia, and the war in Ukraine proves to have had little impact on world air traffic data. According to IATA reports, air traffic, measured in revenue passenger kilometers (RPK), an indicator of global passenger demand, increased 115.9% year-on-year in February 2022, but it was 54.5% of the pre-pandemic levels (February 2019 level). Moreover, International air travel recovery continues to gain momentum, driven by surge in vaccination rates and ease of travel restrictions in many regions. RPKs rose 256.8% YoY in February, but are only 40.4% of pre-pandemic February 2019.

The increase in air travel post pandemic creates immense opportunities for Aircraft Refurbishing companies in recent years. The momentum created by plans to reopen is expected to have a positive impact on the recovery of aircraft industry which creates growth opportunities for aircraft refurbishing market. Passenger transport is gradually recovering and is expected to reach pre-COVID levels by 2023. As air travel demand returns to pre-COVID levels, airlines are expanding their route networks and new airlines are introducing new domestic flights. Such plans are designed to accelerate market growth.

KEY FINDINGS OF THE STUDY

By refurbishing service, the exterior based segment is expected to register a significant growth during the forecast period.

By aircraft type, the wide body aircraft segment is expected to register a significant growth during the forecast period.

By type, the VIP cabin refurbishing segment is projected to lead the global Aircraft Refurbishing market

By end use, the commercial segment is projected to lead the global Aircraft Refurbishing market
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players that operate in this aircraft refurbishing market are Autotrade Aviation Pvt. Ltd., AFI KLM E&M, Diehl Stiftung & Co. KG, Duncan Aviation Inc., Gulfstream Aerospace Corporation, Hong Kong Aircraft Engineering Company Limited, Jamco America, Inc., Jet Aviation AG, Lufthansa Technik AG, MAC Aero Interiors, Nextant Aerospace, Raytheon Technologies Corporation, Rose Aircraft Services, Inc., Sabreliner Aviation, Safran S.A., and SIA Engineering Company.

Companies Mentioned

• Afi Klm E&M
• B/E Aerospace
• Diehl Shiftung & Co. KG
• Gulfstream Aerospace Ltd.
• Hong Kong Aircraft Engineering Co. Ltd.
• Jamco America Inc.
• Jet Aviation AG
• Lufthansa Technik
• Nextant Aerospace
• Raytheon Technologies
• Rose Aircraft Services
• Sabreliner Aviation LLC
• Safran SA
• Sia Engineering Co. Ltd.
• Timco Aviation Services
• Zodiac Aerospace, Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, 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
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.