Aircraft Refurbishing Market Size to Grow by $ 8.49 bn through 2021-2025
The aircraft refurbishing market is expected to grow by $ 8.49 bn, decelerating at a CAGR of almost 16.38% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Aircraft Refurbishing Market: Segmentation by Type
This report provides a detailed analysis of the market by Type (Narrow body, Wide body, VIP aircraft, and Passenger to freighter) and Geography (North America, Europe, APAC, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Aircraft Refurbishing Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AAR Corp., Delta Air Lines Inc., General Electric Co., Honeywell International Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Raytheon Technologies Corp., Rolls-Royce Plc, SIA Engineering Co., and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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