Global Aircraft Refurbishing Market to Reach $4.3 billion by 2017, Opportunities in Short Haul Aircraft, Freighter, and VIP Jets
FARMINGTON, Conn., Jan. 9, 2013 /PRNewswire-iReach/ -- The value of the global aircraft refurbishing market is expected to increase from $3.04 billion in 2012 to $4.26 billion in 2017, growing at a 7% rate annually. Total revenues for the aircraft refurbishing market will increase over the forecast period and will continue to be a fast-evolving market.
Short haul flights are primarily about on-time performance and cheap fares. Hence, the focus of refurbishing short haul aircrafts is to keep the aircraft in line with the goal of fuel reduction and increasing seating capacity. Another key trend in aircraft refurbishing is the VIP jets segment. VIP modifications will represent an important revenue stream as more business heads invest in private jets. Customizing the cabins of these private jets is costly and potentially lucrative for manufacturers.
Meanwhile, the spotlight is on freighter conversions as international trade expands in relation to the number of free trade agreements in place. Most of the conversions happen in North America due to the region's voluminous trade of goods and services. The United States currently exercises 12 free trade agreements (FTAs) with 17 countries and is negotiating FTAs with Korea, Panama and Colombia as well as a regional Trans-Pacific Partnership with Australia, Brunei, Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.
Global Aircraft Refurbishing Market [Commercial, Cargo and Business Aircrafts] (2012 - 2017)
Highlights from this global aircraft refurbishing market report include: analysis of aircraft refurbishing market with emphasis on high growth technologies and components; impact analysis of market dynamics that describe factors currently driving as well as restraining growth of the market, along with their impact in short term, medium term and long term; market share analysis, revenue growth strategies and market size and forecast statistics; opportunity analysis; insights on core competencies and key growth strategies of aircraft refurbishing companies.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the Aircraft Refurbishing market in North America, Europe, Asia-Pacific, Latin America, Middle East, Africa and ROW. The report draws the competitive landscape of the aircraft refurbishing market, providing an in-depth comparative analysis of the technological and future developments the key players are adopting in order to gain an edge over the competitors.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/mama257644-global-aircraft-refurbishing-market-commercial.html
The Commercial Aircraft Maintenance, Repair and Overhaul (MRO) Market 2012-2022
The global commercial aircraft maintenance, repair and overhaul (MRO) market was estimated at around $48.8 billion in 2012. Given the importance of aircraft safety, MRO maintenance has evolved to become a key market within the aviation industry. Visiongain expects that the market will become increasingly competitive as OEM's continue to expand with after sale services and more providers emerge from within developing markets. On the other hand, the continued demand for air travel provides MRO's with ample opportunities with the introduction of a multitude of new aircraft.
The more mature markets of North America and Western Europe will continue to have a strong influence on the commercial aircraft MRO market. However, Central Asia, the Middle East and South America represent an expanding source of opportunities for business. This indicates that far more international providers will attempt to gain footholds in these respective markets by adopting proactive strategies to include joint ventures and consolidation practices.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/kt240090-commercial-aircraft-maintenance-repair-overhaul.html
Strategic Analysis of Indian Aircraft Component Manufacturing and Services Industry
This research service analyzes the growth of Indian aircraft component manufacturing and services industry while also discussing the existing and possible opportunity areas. The study includes a brief overview evolution of manufacturing value chain and emergence of India in global aircraft industry. This study presents emerging trends, PESTLE factors, Government initiatives in India and discusses in detail the drivers, restraints and challenges faced by the industry. The three key segments of the industry, namely the engineering services, component manufacturing and MRO are discussed in detail with profiling of major participants and revenue forecasts.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fs225641-strategic-analysis-indian-aircraft-component.html
For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.