Global Aircraft Interior Refurbishment and Repair Market Size, Share, Growth Analysis, By Aircraft Type, By Refurbishment Type, By End User - Industry Forecast 2023-2030

Aircraft Interior Refurbishment and Repair Market size was valued at USD 1.77 billion in 2021 and is poised to grow from USD 1.84 billion in 2022 to USD 2.56 billion by 2030, growing at a CAGR of 4.2% in the forecast period (2023-2030).

Aircraft refurbishment is a crucial process aimed at ensuring the ongoing safety and well-being of an aircraft. It encompasses a range of activities, including thorough inspections, repairs, replacements, defect rectifications, and aesthetic improvements. The cabin interiors are renovated to provide a fresh appearance while adhering to required safety standards. The seating arrangement is completely overhauled, covering economy class, premium economy, first class, and business class sections. For VIP refurbishment, the entire VIP cabin is revamped, including flight seats, overhead bins, lavatories, and other features. Throughout the refurbishing process, various materials like foam, plastic, board, carbon fiber, textile, and composite metal are utilized to reduce the aircraft's weight and enhance performance.

The benefits of aircraft refurbishing are numerous, including a revamped and luxurious appearance, increased seating capacity, and improved design and performance. The process also addresses external damage, such as external skin damage. Passengers can enjoy a more lavish experience with added features like bedrooms, dining rooms, and living areas. The global market for aircraft refurbishment is expected to grow, driven by the expansion of commercial aviation operations and increasing demand from developing countries. However, challenges may arise due to the rise in production and deliveries of new aircraft and the high maintenance costs associated with refurbished aircraft.

Segments covered in this report

Global aircraft interior refurbishment and repair market is segmented into aircraft type, refurbishment type, end user, and region. On the basis of aircraft type, global market is segmented into narrow body aircraft, wide body aircraft and large body aircraft. On the basis of refurbishing type, global market is segmented into interior refurbishing and exterior refurbishing. By end user, the market is segmented into Commercial airlines, private aircraft owners, and military aircraft. On the basis of region, global market is divided into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The rising popularity of premium economy class among tourists has led to significant growth in the global aircraft interior refurbishment and repair market. Travelers are drawn to premium economy class because it offers a notable improvement over regular economy without the steep costs associated with business class. Passengers appreciate the extra space and comfort, upgraded meals with complimentary bar service, as well as the convenience of quicker check-in and baggage delivery at airports. These factors contribute to the increasing demand for aircraft interior refurbishment and repair services.

Furthermore, the demand for VIP refurbishment of aircraft is on the rise, particularly in regions like North America, Europe, and Asia Pacific, which have a substantial population of high net worth individuals. VIP refurbishment represents a highly profitable business due to the considerable expenses involved in providing comprehensive services, including manufacturing, engineering, interior design, installation, and certification of custom interiors. The VIP cabin typically features an extended area with luxurious amenities such as bedrooms, first-class seats, and a dining room, which adds to its appeal and is expected to drive the market growth in the foreseeable future.

Restraint

The introduction of low-maintenance next-generation aircraft brings significant advancements in engine technology and overall systems, resulting in enhanced efficiency, mission capability, cost-effectiveness, and passenger comfort. These cutting-edge engines contribute to improved fuel efficiency, making the next-generation aircraft an attractive choice for buyers. Consequently, the demand for refurbished old aircraft may be negatively impacted, leading to potential challenges for the aircraft interior refurbishment and repair market's growth. Customers are enticed to opt for next-generation aircraft due to various advantages, including a five-year warranty on equipment, engine, airframe, and interior components. This warranty assurance adds to the appeal of purchasing new aircraft and further influences the market dynamics.

Market Trends

Brand positioning has emerged as a significant trend in the global aircraft interior refurbishment and repair market. Airlines are leveraging their cabin spaces as a platform to showcase their brand image and gain a competitive edge by offering distinctive features, top-notch services, appealing ambiance, and exceptional comfort. To strengthen their brand recognition, many airlines are incorporating modern elements like LED lighting, spacious windows, and expanded overhead lockers in their aircraft interiors. Another notable trend in the market is the increasing adoption of 3D printed parts within aircraft interiors. This technology enables efficient refurbishment and repair processes, allowing for the production of customized and intricate components with precision. The use of 3D printed parts has been gaining momentum as it offers enhanced design flexibility and can significantly contribute to the overall improvement of aircraft interiors.