(PRWEB) January 01, 2013
According to a new market research report, "Global Aircraft Refurbishing Market (Commercial, Cargo And Business Aircrafts) (2012 - 2017)", the total aircraft refurbishing market is expected to reach $4.3 billion by 2017 with a CAGR of 7.0%.
Browse 101 market tables and 101 figures spread through 204 pages and in-depth TOC on "Global Aircraft Refurbishing Market (Commercial, Cargo And Business Aircrafts) (2012 - 2017)".
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The global aircraft refurbishing market was based on data collected and researched; assumptions were made with the help of primary sources who had given their insights on frequency and distribution of the cycles of refurbishing an aircraft, based on which we were able to estimate for all the markets covered in this report.
Mainly because of short haul flights it is about on-time performance and cheap fares though comfort and amenities will be expected from the passengers so the airlines do not intend to take up narrow body refurbishments in a large scale operation. When such short haul aircrafts are refurbished they are mainly done to keep the aircraft in line with the concept of reduction of fuel i.e. greener aircrafts and also to increase the seating capacity as airlines look at generating more revenue than fly an empty business class.
Freighter conversions will be the one to look out for as trade among nations is becoming popular due to free trade agreements signed by the governments. Most of the conversions happen in North America due to voluminous trade of goods and services. VIP modifications will be the one for the future as more and more business heads have their own private jets and to customize the cabins will involve a lot of money. North America, Europe and Middle East will be the markets to target for while APAC will draw attention.
The estimated revenue for the refurbishing market has increased from $3.04 billion in 2012 to $4.26 billion in 2017 globally. The CAGR of 2012 to 2017 is estimated to be 7.0%. The revenues for aircraft refurbishing market show an increase over the forecasted period and will continue to be a fast evolving market.
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