Aircraft Refurbishing Market Analysis, Trends, Competitive Share And Forecasts 2Posted by Ethan on February 24th, 2020 Trends Market Research (TMR) delivers key insights on theglobal aircraft market in its latest report titled ‘Aircraft Refurbishing Market by 2018–2025.’The global aircraft refurbishing market is expected to grow across the globe, with market value expected to increase at a CAGR of XX% during (2018 – 2025). Among refurbishing type, the VIP cabin refurbishing segment is expected to be one of the most profitable as the price for complete refurbishing services is quite high for this segment. Among fitting type, the retrofit segment is anticipated to hold major share in overall market in terms of value as it involves major portion of refurbishing work including designing, renovating and modify cabin interiors to give them new look. North America is estimated to dominate global market throughout the forecast period while MEA and APEJ will be the most attractive regions in term of growth in the market. the global aircraft refurbishing market, which is presently valued at a little over US$ XX Bn, will bring in more than US$ XX Bn revenues by the end of 2025 Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/3494 The rising number upper middle income group in APAC and MEA region along with economic integration and global immigration from between east and west will create huge opportunity for refurbishing service providers across the globe. The airline service providers are installing next generation latest equipment and light weight seats to improve their operational efficiencies. The Low Cost Carriers (LCC) are upgrading and relocating their cabin elements such as galleys, toilets, galley inserts and lavatories to install more seats while major airlines are getting interior refurbished to install premium economy class seats. In order to enhance brand identity, the airline service providers are modifying aircraft interiors with power efficient LED lighting, larger windows and comfortable seat layouts to create attractive ambience for boarding, dining and sleeping for the customers. This will create positive impact on the aircraft refurbishing market as number of aircraft getting refurbished will increase significantly. The Passenger to Freighter Refurbishing is poised to show significant growth in coming years, registering CAGR of XX% over the forecasted period. The growth in air cargo traffic in emerging economies have created huge demand for this retrofitting option. The freighter conversion not only have economic benefits over buying new aircraft but also takes short ownership transfer time
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