The global aircraft refurbishing market size is calculated at USD 4,941 million in 2024 and is predicted to reach around USD 8,765 million by 2034, expanding at a CAGR of 5.9% from 2024 to 2034.
The aircraft refurbishing market refers to the production, distribution, and use of this aircraft refurbishment, which is a procedure to replace and maintain aircraft. It includes overhaul, inspection, defect rectification, embodiment modifications, and replacement. Aircraft interior refurbishment involves updating, replacing, and improving a cabin’s interior elements. Refurbishment of aircraft helps to increase functionality, style, comfort, and resale value. A high-quality refurbishment makes a cabin more aesthetically pleasing and desirable to potential buyers looking for an exceptional aircraft. There is a high demand for this refurbishment in large-body, narrow-body, and wide-body aircraft, driving the growth of the aircraft refurbishing market.
However, the risk factors of the market include high competition, supply chain disruptions, regulatory hurdles, infrastructure limitations, geopolitical uncertainty, and high production costs that can limit the market's growth. The future scope of the market includes a focus on expansion, digital transformation, advancement in technologies, increasing investment in research and development, increasing focus on sustainability, the introduction of innovative materials, and customized aircraft interiors, which will help the growth of the aircraft refurbishing market. North America dominates the growth of the market.
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| Stats ID: | 7528 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7528 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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