Market Research Logo

Global Aircraft Refurbishing Market 2017-2021

Global Aircraft Refurbishing Market 2017-2021

About Aircraft Refurbishing

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
Other prominent vendors
  • Lufthansa Technik
  • HAECO
  • Honeywell
  • Zodiac Aerospace
  • Rockwell Collins
  • AMAC Aerospace
  • SR Technics
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Aircraft Refurbishing Market 2017-2021

Technavio recognizes the following companies as the key players in the global aircraft refurbishing market: AAR, AMECO, L-3 Communications Aviation Recorders, ST Aerospace, and Aviation Partners Boeing.

Other Prominent Vendors in the market are: Lufthansa Technik, HAECO, Honeywell, Zodiac Aerospace, Rockwell Collins, AMAC Aerospace, and SR Technics.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for VIP cabins. VIP cabins are mostly owned by either corporations or private individuals and represent a challenging yet fruitful market. The range of cabin options is large and depends on the requirement of the owner. The operators have requirements like waterbeds, stationary bikes, custom artwork, and use of special materials like marble or granite.”

According to the report, one driver in the market is growing demand for premium economy class. The premium economy concept for some airline operators is an upgrade of the economy class. This mainly involves providing a little extra comfort to passengers for a rather low investment compared with business class. With the growing disposable income, passenger preferences are changing, and passengers are shifting toward comfort luxury travel. As premium economy class bridges the gap between business and economy class, airline operators are considering it as a financial benefit. While some airliners are specifying it for their new aircraft, several others have opted refurbishment of existing aircraft as an option to achieve the same.

Further, the report states that one challenge in the market is lack of pre-determined aircraft retirement age. Commercial aircraft refurbishment is largely dependent on the aging of aircraft. Countries like China and Russia retire their aircraft at the age of 15 years, whereas in the Americas, the aircraft retire at around 20 years. The Aircraft Fleet Recycling Association is trying to standardize the retirement age as per the number of years of service and as per the aircraft body type. Aging aircraft suffer from metal corrosion and structural fatigue issues. While corrosion occurs due to chemical action and causes deterioration of the metal surface, fatigue cracks occur due to cyclic loading.

Companies Mentioned

AAR, AMECO, L-3 Communications Aviation Recorders, ST Aerospace, Aviation Partners Boeing, Lufthansa Technik, HAECO, Honeywell, Zodiac Aerospace, Rockwell Collins, AMAC Aerospace, and SR Technics.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global aircraft refurbishment market overview
    • Market size and forecast
      • Table Global aircraft refurbishment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by aircraft type
    • Global aircraft refurbishment market segmentation by aircraft type
      • Table Global aircraft refurbishment market segmentation by aircraft type 2016 and 2021 (%)
      • Table Global aircraft refurbishment market segmentation by aircraft type 2016-2021 ($ billions)
    • Global aircraft refurbishment market for narrow-body aircraft
      • Table Global aircraft refurbishment market for narrow-body aircraft 2016-2021 ($ billions)
    • Global aircraft refurbishment market for wide-body aircraft
      • Table Global aircraft refurbishment market for wide-body aircraft 2016-2021 ($ billions)
    • Global aircraft refurbishment market for VIP aircraft
      • Table Global aircraft refurbishment market for VIP aircraft 2016-2021 ($ billions)
    • Global aircraft refurbishment market for passenger-to-freight aircraft
      • Table Global aircraft refurbishment market for passenger-to-freight aircraft 2016-2021 ($ billions)
      • Table Operations involved in P2F conversion
      • Table Some typical conversion tasks
  • Geographical segmentation
    • Global aircraft refurbishment market segmentation by geography
      • Table Global aircraft refurbishment market segmentation by geography 2016 and 2021 (%)
      • Table Global aircraft refurbishment market segmentation by geography 2016-2021 ($ billions)
    • Aircraft refurbishment market in Americas
      • Table Aircraft refurbishment market in Americas 2016-2021 ($ billions)
    • Aircraft refurbishment market in EMEA
      • Table Aircraft refurbishment market in EMEA 2016-2021 ($ billions)
    • Aircraft refurbishment market in APAC
      • Table Aircraft refurbishment market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand for VIP cabins
    • Adoption of newer-generation technology
    • Growth in air travel
      • Table Factors driving air traffic demand
  • Vendor landscape
    • Competitive Landscape
    • Other prominent vendors
  • Key vendor analysis
    • AAR
    • AMECO
    • Aviation Partners Boeing
    • L-3 Communications Aviation Recorders
      • Table L-3 Communications Aviation Recorders: Key product portfolio for refurbishment market
    • ST Aerospace
      • Table Business segmentation of ST Aerospace
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report