27 Nov 2017 - Market Reports Library - Umang

Global Aircraft Refurbishing Market 2016 - 2022

The Global Aircraft Refurbishing Market is expected to exceed more than USD 6.03 Billion by 2022 at a CAGR of 7.2% in the given forecast period.


As passenger safety is the most important aspect of the airline industry, operations with older aircraft can be dangerous and, therefore, need to be retired or refurbished. Hence, aircraft refurbishment is an important process that involves cleaning, repair, renovation, and maintenance of aircraft to transform older aircraft back to their airworthy condition. Refurbishment is carried out in hangers or refurbishment yards. Commercial aircraft refurbishment is an economical solution for airline operators when they have fleets that are operating well but are not up-to-date.
What is the Market Size of Global Aircraft Refurbishing Market?
The Global Aircraft Refurbishing Market is expected to exceed more than USD 6.03 Billion by 2022 at a CAGR of 7.2% in the given forecast period.
Driving Factors of Global Aircraft Refurbishing Market are as follows:
• Greener Aircrafts Would Require Redesign And Certification Of The Interiors
• VIPs Purchase Former Airline Aircraft To Use It For Their Business Purpose
• The High Demand For Large Business And VIP Aircraft
Restraining Factors of Global Aircraft Refurbishing Market are as follows:
http://marketreportslibrary.com/Report/global-aircraft-refurbishing-market-2016-2022

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Tags: Aircraft Refurbishing Market, airline industry