Aircraft Refurbishing Market Insights, Market Size & Share

 

Aircraft Refurbishing

The process of ensuring an aircraft's continued soundness and safety is known as aircraft refurbishment. Inspection, overhaul, replacement, defect rectification, and embodiment modifications are all part of this process. Retrofit refurbishing gives an aircraft a new look and consists of constructing, renovating, and repairing cabin interiors to meet regulatory requirements. In addition, the lavatory, overhead bins, sidewall liners, monuments, windows, cabin lighting, and carpet are all replaced. The entire aircraft seating, including economy, premium economy, first class, and business class, is replaced during passenger seat refurbishment. In business class, the entire VIP cabin is refurbished, including seat replacements, overhead bin replacements, lavatory replacements, monument replacements, and so on.

 

To meet the growing demand for better comfort and luxury in air travel, many airlines are opting for interior refurbishment with improved technology. Increased production of narrow- and wide-body aircraft by commercial airlines in response to rising air passenger traffic is also driving demand for aircraft refurbishment. To improve their reputation, many airlines are focusing on providing better comfort and amenities on short-haul flights. Commercial airlines are becoming more interested in refurbishing aircraft interiors as a result of this.

 

Due to international and domestic travel restrictions, the aviation industry saw a significant drop in revenue during the COVID-19 outbreak. Due to a drop in air travel demand, many airline companies and airports faced unprecedented challenges. Due to global lockdown and travel restrictions, air passenger traffic from many high-profit markets has decreased, affecting airlines' revenue generation. Aircraft Refurbishing Market report is the result of a thorough research methodology that included extensive secondary research, in-depth primary interviews with industry stakeholders, and validation and triangulation using Stratview Research's internal database and statistical tools. The data was gathered using over 1,000 authenticated secondary sources, including company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles.

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