USD 1.8 billion
Global Aircraft Interior Refurbishment and Repair Market Size, Share, Growth Analysis, By Aircraft Type(Narrow body aircraft, Wide body aircraft), By Refurbishment Type(Interior refurbishment and Exterior refurbishment), By End User(Commercial airlines, private aircraft owners) - Industry Forecast 2024-2031
Report ID:
SQMIG20W2002 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
88 |
Figures:
79
Global Aircraft Interior Refurbishment and Repair Market Insights
Global Aircraft Interior Refurbishment and Repair Market size was valued at USD 1.8 billion in 2022 and is expected to grow from USD 1.88 billion in 2023 to reach USD 2.61 billion by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).
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.
The market of Aircraft Interior Refurbishment and Repair has grown rapidly over time, due to the continuing demand for repairing aircraft interiors that are constantly changing according to consumer needs, as well as aviation regulations. In the market of these interiors, there are different types of products and services that aim at improving the interior comfort, safety and beautification. The scope of the market is the commercial and private aviation sector and would require refurbishing or repair.
The basic requirement for the Aircraft Interior Refurbishment and Repair market is to attain the long-term durability, safety, and modernization of aircraft interior. Airlines and aircraft owners want companies to refurbish and repair fleets so that the life of their fleets could be extended, ways in which passenger’s experience could be improved and the aviation laws meet the stringent standards. An important piece of the puzzle in sustaining the airworthiness of aircraft while catering to the ever-increasing needs for comfort and innovation in aviation.
A multitude of drivers are present that drive the market, and these include growing demand in the global air travel, aging aircraft fleets as well as focus increasing on passenger experience. Airlines are spending on interior refurbishments to gain an edge in a highly competitive environment by wooing clients. Besides, the necessity of conformity with up to date safety and environmental regulations encourages the aviation sector to opt for more environmentally friendly and technologically advanced interior alternatives. In the light of these prospects, the market for Aircraft Interior Refurbishment and Repair has to deal with issues like high costs involved in refurbishment projects, complicated regulations, as well as unforeseen interruptions such as that during the COVID-19 pandemic.
The market is experiencing several challenges, but one of the significant ones is the complicated process of conforming to dynamically changing aviation regulations and standards. This is therefore a great challenge to meet these requirements without causing high expenses and time or instances where there is minimal downtime during refurbishment.
US Aircraft Interior Refurbishment and Repair Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Narrow body aircraft
Fastest Growth
Wide body aircraft
Growth Rate
4.2% CAGR
Global Aircraft Interior Refurbishment and Repair Market ($ Bn)
Country Share for North America Region (%)
Global Aircraft Interior Refurbishment and Repair Market by Aircraft Type ($ Bn)
Global Aircraft Interior Refurbishment and Repair Market by aircraft type (%)
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Global Aircraft Interior Refurbishment and Repair Market Segmental Analysis
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.
Global Aircraft Interior Refurbishment and Repair Market by Aircraft Type , 2023 (%)
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Global Aircraft Interior Refurbishment and Repair Market Regional Insights
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.
Global Aircraft Interior Refurbishment and Repair Market by Region, 2024-2031
- Largest
- Fastest
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Global Aircraft Interior Refurbishment and Repair Market Dynamics
Driver
Growing popularity of premium economy class among tourists
- Premium economy class is popular with travellers because it offers a significant upgrade over regular economy class without the higher cost of a business class. Passengers prefer premium economy class because it provides greater room and comfort, premium meals with complimentary bar service, and quicker check-in and baggage delivery at the airport. All this factors drive the growth of global aircraft interior refurbishment and repair market.
Increasing demand for VIP refurbishment of aircrafts
- North America followed by Europe and Asia Pacific is largest population of high net worth individuals. VIP refurbishment is one of the most profitable businesses as the cost of complete services including manufacturing, engineering, interior design, installation and certification of custom interiors is really high. The VIP cabin consists of a long area, bedroom, first class seats and a dining room. This is expected to fuel the market growth over the forecast period.
Restraint
Introduction of low-maintenance aircraft of the next generation
- Next-generation aircraft are built with advanced engines and systems, making them more efficient, mission capable, cost-effective and comfortable for customers. The advanced engine provides improved fuel efficiency, these factors encourage buyers to go for next-generation aircraft instead of buying refurbished old aircraft, which is expected to hamper the market growth. Customers are encouraged to purchase the next-generation aircraft because the new aircraft has a five-year warranty on its equipment, engine, airframe, and interior.
- Strict regulatory policies regarding air and noise pollution and safety of passengers. Many countries have adopted strict regulatory policies related to noise and air pollution to reduce the effects of greenhouse gases. This will significantly reduce aircraft renewals and force owners to scrap their aircraft and buy new ones. Aircraft with older technology engines emit large amounts of greenhouse gases due to engine failure. These factors are expected to hamper the growth of global aircraft interior refurbishment and repair market.
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Global Aircraft Interior Refurbishment and Repair Market Competitive Landscape
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
- Lufthansa Technik AG
- ST Aerospace Ltd.
- HAECO Group
- AAR Corporation
- Air France-KLM Engineering & Maintenance
- Delta TechOps
- Jet Aviation
- SR Technics
- GMF AeroAsia
- TIMCO Aviation Services Inc.
- China National Aviation Corporation (Group) Ltd. (CNAC)
- Air Works
- Flying Colours Corp.
- TAP Maintenance & Engineering
- Mexicana MRO Services
- Aeroman
- Dunlop Aircraft Tyres
- Airborne Maintenance & Engineering Services
- Jamco America Inc.
- Sabena technics
Recent Developments
- In February 2024, Banyan Air Service, a company based in Fort Lauderdale, Florida, signed a deal with StarLink to provide internet connection on airplanes using satellites in low earth orbit. They are also working on getting certifications for different types of aircraft to offer this service.
- In February 2024, Premier Private Jets, a national charter provider, bought new maintenance, repair, and overhaul (MRO) facilities and a fixed-base operation (FBO) in Dayton, Ohio from Stevens Aerospace and Defense Systems. Stevens had planned to close these facilities as part of its consolidation efforts.
- In January 2024, an Engineering Company based in Bengaluru made history in the Indian aviation industry by unveiling India's inaugural aircraft passenger seat at Wings India 2024.
Global Aircraft Interior Refurbishment and Repair Key Market Trends
- Use of brand name is one of the key trend in global aircraft interior refurbishment and repair market. Airlines use the cabin as a presentation of their brand image and gain importance in the market by providing competitive features, service, ambience and comfort. Many airlines tend to include LED lighting, large windows and overhead lockers to enhance their brand recognition.
- Use of 3D printed parts in aircraft interiors is another major trend in global aircraft interior refurbishment and repair market.
Global Aircraft Interior Refurbishment and Repair Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.8 billion |
| Market size value in 2031 | USD 2.61 billion |
| Growth Rate | 4.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aircraft Interior Refurbishment and Repair Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aircraft Interior Refurbishment and Repair Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Global Aircraft Interior Refurbishment and Repair Market Report Snapshots
- Global Aircraft Interior Refurbishment and Repair Companies
- Global Aircraft Interior Refurbishment and Repair Market Size
- Global Aircraft Interior Refurbishment and Repair Market Analysis
- Global Aircraft Interior Refurbishment and Repair Geographic Analysis
- Global Aircraft Interior Refurbishment and Repair Market News
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