DUBLIN, October 17, 2017 /PRNewswire/ --
The "Global Aircraft Refurbishing Market 2017-2021" report has been added to Research and Markets' offering.
The global aircraft refurbishing market to grow at a CAGR of 5.82% during the period 2017-2021.
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.
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.
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.
Key Market Trends
- Growing demand for VIP cabins
- Adoption of newer-generation technology
- Growth in air travel
- L-3 Communications Aviation Recorders
- ST Aerospace
- Aviation Partners Boeing
Other prominent vendors
- Lufthansa Technik
- Zodiac Aerospace
- Rockwell Collins
- AMAC Aerospace
- SR Technics
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Aircraft Type
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/654qkc/global_aircraft
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SOURCE Research and Markets