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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

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

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.


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

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