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Aircraft Refurbishing Market: North America and APEJ Fly High in the Global Market with an Anticipated Collective Holding of More Than Half the Value Share During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026
[Report Updated: 05-04-2017]

Published by Future Market Insights: 05 Apr 2017 | 67698 | In Stock

Introduction

APEJ and MEA should propel the global aircraft refurbishing market forward

Rising disposable income on account of a growing middle class in both Asia Pacific as well as the Middle East and Africa should account for the maximum growth in the global aircraft refurbishing market. Almost half the global growth in world air traffic can be attributed to the phenomenal rise of APAC for the next two decades. The global middle class is anticipated to double by the year 2034, particularly in emerging economies. With additional economic integration combined with labour mobility, Latin America and Asia are predicted to show consistent growth in air traffic, both within the region and outside it. The trend in the global aircraft refurbishing market seems to be a migration from the west to the east as a result of cost. The economic potential in the Asia Pacific region is almost limitless and this is likely to act in favour of the global aircraft refurbishing market.

The APEJ aircraft refurbishing market is governed by China’s demand for private jets and bizliners

China is the world’s most populous country and also the third largest in area. Thus, there is a virtually limitless opportunity in terms of the aircraft refurbishing market as air travel is the quickest way to travel the long distances within the country. A few key trends can be observed here – there should be a high demand for private jets and bizliners because of the rising affluence in the country along with increasingly large amounts of trade with the rest of the world. The value of the APEJ aircraft refurbishing market is predicted to be worth nearly US$ 1.5 Bn by the end of the year 2026, i.e. a growth rate of 2.1x between 2016 and 2026. The APEJ aircraft refurbishing market value CAGR is 6.9% for the decade.

China and India are the key markets to focus on in the APEJ region

China alone should present an incremental dollar opportunity of more than half a billion dollars during the forecast period. India has a comparatively lower incremental dollar opportunity of around US$ 150 Mn during the decade 2016-2026. However, the economic fundamentals of the country are very strong and it should become one of the largest markets in the global aircraft refurbishing market very soon. In stark contrast to the North America aircraft refurbishing market, the narrow body aircraft type segment dominated the APEJ market with a value share of nearly 60% in the year 2016 and this is projected to rise by the end of the decadal study.

North America cannot be ignored at the cost of APEJ

While APEJ typically tends to get the maximum attention, North America is forecast to maintain a revenue share of more than 1/3rd the global aircraft refurbishing market throughout the forecast period with a CAGR of 5.4%. By the end of 2016, the North America aircraft refurbishing market had a revenue of nearly US$ 1.3 Bn. The main contribution to revenue growth in the North America aircraft refurbishing market comes from operating aircraft on lease. Leasing aircraft enables airlines to become more flexible and adapt to changing market requirements, allowing quick remodelling of the fleet. This is how airlines are able to satisfy the demand for new aircraft with minimal expenditure. The North America aircraft refurbishing market is dominated by the U.S. and its gain of 100 BPS by the year 2026 should more than offset the loss of Canada by the same amount during the forecast period. The U.S alone accounts for slightly more than 90% of the entire North America aircraft refurbishing market and its share is only expected to rise by the end of the year 2026. Wide body aircraft and commercial cabin refurbishing most important segments in the North America aircraft refurbishing market

The wide body aircraft type segment held nearly 40% of the North America aircraft refurbishing market in terms of value share in the year 2016. This segment should gain 360 BPS by the end of the year 2026, recording a substantial CAGR of 6.4% during 2016 – 2026. The commercial cabin refurbishing type segment accounted for a market share of more than 80% in the North America aircraft refurbishing market in 2016. While this segment is projected to lose 30 BPS by the end of the decadal study, it will still account for a lion’s share of the North America aircraft refurbishing market by the end of the forecast period.

Table of Contents
for Aircraft Refurbishing Market: North America and APEJ Fly High in the Global Market with an Anticipated Collective Holding of More Than Half the Value Share During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026 [Report Updated: 05-04-2017]

  • Table Of Content

    1. Executive Summary

    2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

    2.3. Pricing Analysis

    2.3.1. Price Projections Per Region

    2.4. Market Value (US $ Mn) Forecast

    2.4.1. Aircraft Refurbishing Market Vale Forecast and Y-o-Y Growth

    2.5. Market Overview

    2.5.1. Value Chain

    2.5.1.1. Component Manufacturers

    2.5.1.2. MRO service providers

    3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Drivers

    3.3. Restraints

    3.4. Trends

    3.5. Opportunity

    4. Global Aircraft Refurbishing Market Analysis and Forecast, By Aircraft Type

    4.1. Introduction

    4.1.1. Basis Point Share (BPS) Analysis By Aircraft Type

    4.1.2. Y-o-Y Growth Projections By Aircraft Type

    4.2. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    4.2.1. Wide Body Aircraft

    4.2.2. Narrow Body Aircraft

    4.2.3. Large Aircraft

    4.3. Market Attractiveness Analysis By Aircraft Type

    5. Global Aircraft Refurbishing Market Analysis and Forecast, By Refurbishing Type

    5.1. Introduction

    5.1.1. Basis Point Share (BPS) Analysis By Refurbishing Type

    5.1.2. Y-o-Y Growth Projections By Refurbishing Type

    5.2. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    5.2.1. Passenger to Freighter Refurbishing

    5.2.2. VIP Cabin Refurbishing

    5.2.3. Commercial Cabin Refurbishing

    5.3. Market Attractiveness Analysis By Refurbishing Type

    6. Global Aircraft Refurbishing Market Analysis and Forecast, By Fitting

    6.1. Introduction

    6.1.1. Basis Point Share (BPS) Analysis By Fitting

    6.1.2. Y-o-Y Growth Projections By Fitting

    6.2. Market Size (US$ Mn) and Volume Forecast By Fitting

    6.2.1. Retrofit

    6.2.2. IFEC System

    6.2.3. Passenger Seats

    6.3. Market Attractiveness Analysis By Fitting

    7. Global Aircraft Refurbishing Market Analysis and Forecast, By Region

    7.1. Introduction

    7.1.1. Basis Point Share (BPS) Analysis By Region

    7.1.2. Y-o-Y Growth Projections By Region

    7.2. Market Size (US$ Mn) and Volume Forecast By Region

    7.2.1. North America

    7.2.2. Latin America

    7.2.3. Western Europe

    7.2.4. Eastern Europe

    7.2.5. APEJ

    7.2.6. Japan

    7.2.7. MEA

    7.3. Market Attractiveness Analysis By Region

    8. North America Aircraft Refurbishing Market Analysis and Forecast

    8.1. Introduction

    8.1.1. Basis Point Share (BPS) Analysis By Country

    8.1.2. Y-o-Y Growth Projections By Country

    8.2. Market Size (US$ Mn) and Volume Forecast By Country

    8.2.1. U.S.

    8.2.2. Canada

    8.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    8.3.1. Wide Body Aircraft

    8.3.2. Narrow Body Aircraft

    8.3.3. Large Aircraft

    8.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    8.4.1. Passenger to Freighter Refurbishing

    8.4.2. VIP Cabin Refurbishing

    8.4.3. Commercial Cabin Refurbishing

    8.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    8.5.1. Retrofit

    8.5.2. IFEC System

    8.5.3. Passenger Seats

    8.6. Market Attractiveness Analysis

    8.6.1. By Country

    8.6.2. By Aircraft Type

    8.6.3. By Refurbishing Type

    8.6.4. By Fitting Type

    8.7. Drivers and Restraints: Impact Analysis

    9. Latin America Aircraft Refurbishing Market Analysis and Forecast

    9.1. Introduction

    9.1.1. Basis Point Share (BPS) Analysis By Country

    9.1.2. Y-o-Y Growth Projections By Country

    9.2. Market Size (US$ Mn) and Volume Forecast By Country

    9.2.1. Brazil

    9.2.2. Mexico

    9.2.3. Rest of Latin America

    9.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    9.3.1. Wide Body Aircraft

    9.3.2. Narrow Body Aircraft

    9.3.3. Large Aircraft

    9.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    9.4.1. Passenger to Freighter Refurbishing

    9.4.2. VIP Cabin Refurbishing

    9.4.3. Commercial Cabin Refurbishing

    9.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    9.5.1. Retrofit

    9.5.2. IFEC System

    9.5.3. Passenger Seats

    9.6. Market Attractiveness Analysis

    9.6.1. By Country

    9.6.2. By Aircraft Type

    9.6.3. By Refurbishing Type

    9.6.4. By Fitting Type

    9.7. Drivers and Restraints: Impact Analysis

    10. Western Europe Aircraft Refurbishing Market Analysis and Forecast

    10.1. Introduction

    10.1.1. Basis Point Share (BPS) Analysis By Country

    10.1.2. Y-o-Y Growth Projections By Country

    10.2. Market Size (US$ Mn) and Volume Forecast By Country

    10.2.1. Germany

    10.2.2. France

    10.2.3. UK

    10.2.4. Spain

    10.2.5. Italy

    10.2.6. Nordic

    10.2.7. BENELUX

    10.2.8. Rest of Western Europe

    10.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    10.3.1. Wide Body Aircraft

    10.3.2. Narrow Body Aircraft

    10.3.3. Large Aircraft

    10.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    10.4.1. Passenger to Freighter Refurbishing

    10.4.2. VIP Cabin Refurbishing

    10.4.3. Commercial Cabin Refurbishing

    10.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    10.5.1. Retrofit

    10.5.2. IFEC System

    10.5.3. Passenger Seats

    10.6. Market Attractiveness Analysis

    10.6.1. By Country

    10.6.2. By Aircraft Type

    10.6.3. By Refurbishing Type

    10.6.4. By Fitting Type

    10.7. Drivers and Restraints: Impact Analysis

    11. Eastern Europe Aircraft Refurbishing Market Analysis and Forecast

    11.1. Introduction

    11.1.1. Basis Point Share (BPS) Analysis By Country

    11.1.2. Y-o-Y Growth Projections By Country

    11.2. Market Size (US$ Mn) and Volume Forecast By Country

    11.2.1. Poland

    11.2.2. Russia

    11.2.3. Rest of Eastern Europe

    11.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    11.3.1. Wide Body Aircraft

    11.3.2. Narrow Body Aircraft

    11.3.3. Large Aircraft

    11.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    11.4.1. Passenger to Freighter Refurbishing

    11.4.2. VIP Cabin Refurbishing

    11.4.3. Commercial Cabin Refurbishing

    11.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    11.5.1. Retrofit

    11.5.2. IFEC System

    11.5.3. Passenger Seats

    11.6. Market Attractiveness Analysis

    11.6.1. By Country

    11.6.2. By Aircraft Type

    11.6.3. By Refurbishing Type

    11.6.4. By Fitting Type

    11.7. Drivers and Restraints: Impact Analysis

    12. APEJ Aircraft Refurbishing Market Analysis and Forecast

    12.1. Introduction

    12.1.1. Basis Point Share (BPS) Analysis By Country

    12.1.2. Y-o-Y Growth Projections By Country

    12.2. Market Size (US$ Mn) and Volume Forecast By Country

    12.2.1. China

    12.2.2. India

    12.2.3. Australia and New Zealand

    12.2.4. ASEAN

    12.2.5. South Korea

    12.2.6. Rest of APEJ

    12.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    12.3.1. Wide Body Aircraft

    12.3.2. Narrow Body Aircraft

    12.3.3. Large Aircraft

    12.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    12.4.1. Passenger to Freighter Refurbishing

    12.4.2. VIP Cabin Refurbishing

    12.4.3. Commercial Cabin Refurbishing

    12.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    12.5.1. Retrofit

    12.5.2. IFEC System

    12.5.3. Passenger Seats

    12.6. Market Attractiveness Analysis

    12.6.1. By Country

    12.6.2. By Aircraft Type

    12.6.3. By Refurbishing Type

    12.6.4. By Fitting Type

    12.7. Drivers and Restraints: Impact Analysis

    13. Japan Aircraft Refurbishing Market Analysis and Forecast

    13.1. Introduction

    13.1.1. Basis Point Share (BPS) Analysis By Country

    13.1.2. Y-o-Y Growth Projections By Country

    13.2. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    13.2.1. Wide Body Aircraft

    13.2.2. Narrow Body Aircraft

    13.2.3. Large Aircraft

    13.3. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    13.3.1. Passenger to Freighter Refurbishing

    13.3.2. VIP Cabin Refurbishing

    13.3.3. Commercial Cabin Refurbishing

    13.4. Market Size (US$ Mn) and Volume Forecast By Fitting

    13.4.1. Retrofit

    13.4.2. IFEC System

    13.4.3. Passenger Seats

    13.5. Market Attractiveness Analysis

    13.5.1. By Country

    13.5.2. By Aircraft Type

    13.5.3. By Refurbishing Type

    13.5.4. By Fitting Type

    13.6. Drivers and Restraints: Impact Analysis

    14. MEA Aircraft Refurbishing Market Analysis and Forecast

    14.1. Introduction

    14.1.1. Basis Point Share (BPS) Analysis By Country

    14.1.2. Y-o-Y Growth Projections By Country

    14.2. Market Size (US$ Mn) and Volume Forecast By Country

    14.2.1. GCC Countries

    14.2.2. North Africa

    14.2.3. South Africa

    14.2.4. Rest of MEA

    14.3. Market Size (US$ Mn) and Volume Forecast By Aircraft Type

    14.3.1. Wide Body Aircraft

    14.3.2. Narrow Body Aircraft

    14.3.3. Large Aircraft

    14.4. Market Size (US$ Mn) and Volume Forecast By Refurbishing Type

    14.4.1. Passenger to Freighter Refurbishing

    14.4.2. VIP Cabin Refurbishing

    14.4.3. Commercial Cabin Refurbishing

    14.5. Market Size (US$ Mn) and Volume Forecast By Fitting

    14.5.1. Retrofit

    14.5.2. IFEC System

    14.5.3. Passenger Seats

    14.6. Market Attractiveness Analysis

    14.6.1. By Country

    14.6.2. By Aircraft Type

    14.6.3. By Refurbishing Type

    14.6.4. By Fitting Type

    14.7. Drivers and Restraints: Impact Analysis

    15. Competition Landscape

    15.1. Competition Dashboard

    15.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments, Market Share Analysis)

    15.2.1. B/E Aerospace, Inc.

    15.2.2. Diehl Stiftung & Co. KG

    15.2.3. Gulfstream Aerospace, Ltd

    15.2.4. Hong Kong Aircraft Engineering Company Limited

    15.2.5. JAMCO America

    15.2.6. Jet Aviation AG

    15.2.7. Lufthansa Technik AG

    15.2.8. Sabreliner Aviation LLC

    15.2.9. SCI Cabin Interiors

    15.2.10. SIA Engineering Co Ltd

    15.2.11. United Technology Corporation

    15.2.12. Zodiac Aerospace S.A.

    16. Assumptions and Acronyms Used

    17. Research Methodology

Additional Details

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Future Market Insights

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.



FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.



FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

Reference

67698 |

Number of Pages

217

Report Format

PDF

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

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