Aircraft Refurbishing Market Analysis

The global aircraft refurbishing market is segmented by aircraft, by refurbishing, by application and by end user. On the basis of aircraft, the market is segmented into very light aircraft, wide body aircraft, narrow body aircraft, and others, out of which, the narrow body aircraft segment is estimated to hold leading share as these aircrafts are highly preferred among the aero manufacturers owing to their low operational costs as compared to wide body aircrafts. The aircraft refurbishing market is further segmented by application into transforming passenger to freight aircrafts, commercial aircraft cabin refurbishing, VIP cabin refurbishing and others. Among these segments, the passenger to freight transformation was the largest revenue generating segment in 2019 owing to various factors such as growing global e-commerce, international trade and emergency medical supplies to fight the pandemic. Additionally, the global geo-political conflicts and increase in defense budgets for acquiring freight planes for military supplies are additional factors estimated to contribute towards the growth of the segment. 

Our in-depth analysis of the global market includes the following segments