USD 1.77 billion
Report ID: SQMIG20W2002 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 88 | Figures: 77
Aircraft Interior Refurbishment and Repair Market size was valued at USD 1.77 billion in 2021 and is poised to grow from USD 1.84 billion in 2022 to USD 2.56 billion by 2030, growing at a CAGR of 4.2% in the forecast period (2023-2030).
Aircraft refurbishment is an essential process to ensure the continued health and safety of an aircraft. This includes inspections, repairs, replacements, rectification of defects and changes in appearance. Construction, renovation and repair of cabin interiors are all part of the retrofit refurbishing process, which gives the aircraft a new look while maintaining all the required standards. While refurbishing the passenger seats, the entire seating arrangement of the aircraft is changed economy class, premium economy, first class and business class. The entire VIP cabin is renovated during the VIP renovation, including the flight seats, overhead bins, lavatories and other features. In the aircraft refurbishing process, various parts that are used in cabin and interior are made up of different materials such as foam, plastic, board, carbon, fibre, textile, and composite metal in order to reduce the weight of an aircraft and to improve performance.
The advantages of aircraft refurbishing are enhancing the new look, luxury, expansion in the seating capacity, and improvement in the current aircraft design and performance. The aircraft refurbishing also removes the external damage of the aircraft, like external skin damage. The refurbished aircraft offers passengers a more luxurious experience with bedrooms, dining rooms and living areas. Factors such as growth in commercial aviation operations and rising demand from developing countries are expected to fuel the growth of the global market over the forecast period. Increase in production and deliveries of new aircrafts and high maintenance cost of refurbished aircrafts are expected to hamper the market growth.
US Aircraft Interior Refurbishment and Repair Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.77 billion
Narrow body aircraft
Narrow body aircraft
To get more reports on the above market click here to Buy The Report
Global aircraft interior refurbishment and repair market is segmented into aircraft type, refurbishment type, end user, and region. On the basis of aircraft type, global market is segmented into narrow body aircraft, wide body aircraft and large body aircraft. On the basis of refurbishing type, global market is segmented into interior refurbishing and exterior refurbishing. By end user, the market is segmented into Commercial airlines, private aircraft owners, and military aircraft. On the basis of region, global market is divided into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Aircraft Type
On the basis of aircraft type, global aircraft interior refurbishment and repair market is segmented into narrow body aircraft, wide body aircraft and large body aircraft. The narrow body aircraft segment dominated the global market in 2022. The narrow body segment is expected to lead the market in terms of revenue generation during forecast period due to increasing demand of commercial narrow body airplanes. Narrow body aircrafts are becoming more popular in airline carriers in Asia Pacific country. Refurbishing cabins and seats provide more comfortable travelling experience and better service at affordable costs is one of the major factor driving the growth of market.
Analysis by Refurbishing Type
On the basis of refurbishing type, global aircraft interior refurbishment and repair market is segmented into interior refurbishing and exterior refurbishing. Interior refurbishing segment is expected to lead in terms of revenue during the forecast period. Refurbishing and upgrading the interior of older aircraft improve customer experience will drive the market growth.
To get detailed analysis on other segments, Request For Sample Report
On the basis of region, global aircraft interior refurbishment and repair market is divided into North America, Europe, Asia-Pacific,Latin America, and MEA. The market in North America is anticipated to hold the largest share in the market and accounted leading market players in the region which offer aircraft refurbishing services. North America has the largest aircraft fleet and is growing in size due to adoption of high technology in aircraft maintenance which is leading to rapid growth of new generation aircraft in the region. With the increase in air travel and the increase in air passenger traffic for tourism and business purposes, the need for aircraft refurbishment is also increasing across North America.
Europe is anticipated as second highest revenue shares in global aircraft interior refurbishment and repair market. Skilled workforce, expertise in design and development of complex aerospace structure are the factors will drive the market in North America region.
Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The growth of the market in the region is due to by development of the aviation sector in countries such as India and China. China is one of the largest market in the world which makes it a valuable region for aircraft refurbishing. Due to strict government environmental laws in the country, it is one of the largest MRO service providers and frequently retires aircraft. Due to the increasing global competition in the aircraft refurbishing market, new technologies are implemented by service providers such as in-flight entertainment system (IFES). In addition, there is increasing investment in 3D printing technology for aircraft interiors and the use of lightweight materials for cabin interiors. These factors are driving the market in China.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Growing popularity of premium economy class among tourists
Increasing demand for VIP refurbishment of aircrafts
Introduction of low-maintenance aircraft of the next generation
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in the aircraft refurbishing industry are maintaining successful relationships with airline companies, where they supply cabin interiors and aircraft system parts.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global aircraft interior refurbishment and repair market analysis, the narrow body aircraft segment accounted for largest revenue share in global market in 2022. By region, China is one of the largest market in the world which makes it a valuable region for aircraft refurbishing. Use of 3D printed parts in aircraft interiors is another major trend in global aircraft interior refurbishment and repair market. As growth in commercial aviation operations and rising demand from developing countries are expected to fuel the growth of the global market over the forecast period.
|Market size value in 2021||USD 1.77 billion|
|Market size value in 2030||USD 1.84 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Aircraft Interior Refurbishment and Repair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Interior Refurbishment and Repair Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aircraft Interior Refurbishment and Repair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aircraft Interior Refurbishment and Repair Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.