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Aircraft Refurbishing Market: General Outline 

The need to modify the interior and/or exterior of an aircraft – be it airplanes, dirigibles, helicopters, or gliders – has grown to an unmatched level over the last couple of years and aircraft and airline owners have been undertaking the retrofit of their airborne vehicles in a shorter cycle than before. 

The Federal Aviation Administration (FAA) classifies aircraft repairs into two main categories: major and minor. Major repairs substantially affect weight, balance, performance, structural strength, power plant operation, and flight characteristics, and any other quality that might affect airworthiness. 

The report has been compiled by conducting in-depth discussions and interviews of leading industry experts and is designed to cater to the research needs of those looking to invest in the aircraft refurbishing market. Information has been collated from annual reports, product literature, press releases, documents, and government websites to offer sharp and actionable insights to the stakeholders, which include technology suppliers, airlines, passengers, software and hardware providers, seat manufacturers, and aviation regulating bodies. 

A detailed section on the competitive landscape sheds light on the leading players operating in the aircraft refurbishing market and includes in-depth profiles of their structure, performance, and operations. 

Aircraft Refurbishing Market: Comprehensive Overview 

The key repairs that can be made to an aircraft include component repairs, structural repairs, engine repairs, systems repairs, and avionics repairs. 

Aircraft structural repairs are made to aircrafts that have sustained various damages of the stringers, external skin, bulkheads, formers, and others. Component repairs range from straightforward part replacements to complete overhaul. In case a component fails to function effectively, it is removed from the aircraft and replaced by a fully functional component. This removed component is then repaired after analyzing the reason of the malfunction and replacing those internal parts. These components are disassembled, repaired, cleaned, inspected, reassembled, tested, and finally returned to service. These procedures are completed in accordance with the component maintenance manual (CMM). 

Engine repairs, which typically comprise substituting parts, are limited in nature and include cleaning, repair, inspection, disassembling, reassembling, and testing. Systems repairs are related to aircraft systems such as pneumatic, hydraulic, and fuel. The defective parts are removed and replaced with new ones. Avionics repairs are tackled in a different way due to their fragile circuit boards and small delicate electronic or electrical parts. Special clean rooms are set up to execute repairs to these kinds of components. 

Aircraft Refurbishing Market: Regional and Vendor Outlook 

Geographically, North America accounts for a significant share in the aircraft refurbishing market. This regional market has been witnessing steady growth as most of the completion centers are concentrated here, especially in the U.S. It has been observed that almost 64% of these centers deliver VIP completions, which works strongly in favor of the North America aircraft refurbishing market. 

The leading participants in the aircraft refurbishing market include Rose Aircraft Services, Sia Engineering Company Ltd., Duncan Aviation Inc., B/E Aerospace, Inc., Sabreliner Corporation, Timco Aviation Services, Gulfstream Aerospace Corporation, Nextant Aerospac, LLC, Zodiac Aerospace, Inc., and Lufthansa Technik AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aircraft Refurbishing Market

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