As passenger safety is the most important aspect of the airline industry, operations with older aircraft can be dangerous and, therefore, need to be retired or refurbished. Hence, aircraft refurbishment is an important process that involves cleaning, repair, renovation, and maintenance of aircraft to transform older aircraft back to their airworthy condition. Refurbishment is carried out in hangers or refurbishment yards. Commercial aircraft refurbishment is an economical solution for airline operators when they have fleets that are operating well but are not up-to-date.
Technavio’s analysts forecast the global aircraft refurbishing market to grow at a CAGR of 5.82% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global aircraft refurbishing market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Aircraft Refurbishing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • AAR • AMECO • L-3 Communications Aviation Recorders • ST Aerospace • Aviation Partners Boeing
Market driver • Growing demand for premium economy class • For a full, detailed list, view our report
Market challenge • Lack of pre-determined aircraft retirement age • For a full, detailed list, view our report
Market trend • Growing demand for VIP cabins • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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