120 Pages report segments the Aircraft Cabin Upgrades Market by type (commercial aircraft, general aviation, regional aircraft, and military aircraft) and geography (North America, Europe, APAC, MEA, and South America).
NEW YORK , June 2, 2022 – Technavio’s latest report on the Aircraft Cabin Upgrades Market projects a growth of USD 3.96 billion, registering a CAGR of 7.41% from 2021 to 2026. The increasing aircraft cabin interior retrofitting and refurbishment is notably driving the aircraft cabin upgrades market growth.
The Aircraft Cabin Upgrades Market share growth by the commercial aircraft segment will be significant during the forecast period. Similarly, North America occupied about 34% of the market share. The growth of the market in North America can be attributed to factors such as refurbishing the aging aircraft to extend the lifecycle, specifically in developed countries.
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Aircraft Cabin Upgrades Market: Major Growth Drivers
The Aircraft Cabin Upgrades Market growth is expected to be driven by the following factor:
increasing aircraft cabin interior retrofitting and refurbishment
Also, the need for lightweight aircraft interior products is expected to emerge as a major trend in the market during the forecast period. To boost their operating profits, airlines use a variety of tactics. Carriers place a greater emphasis on cabin layout and design because the appearance of the cabin, together with the services provided, is a significant aspect in determining passenger perception of the airline.
As a result, airlines are integrating innovative lightweight items into airplane cabins in order to improve fuel efficiency by reducing weight. Although factors such as high cost and unavailability of spare parts may impede the market growth.
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Aircraft Cabin Upgrades Market Key Vendor Offerings
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
AAR Corp.Air France-KLM GroupAirbus SEDeutsche Lufthansa AGDie Diehl Stiftung & Co. KGGeneral Dynamics Corp.John Swire and Sons Ltd.SR Technics Switzerland Ltd.The Boeing Co.Turkish Airlines
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Reasons to Buy Aircraft Cabin Upgrades Market Report:
CAGR of the market during the forecast periodDetailed information on factors that will assist aircraft cabin upgrades market growth during the next five yearsEstimation of the aircraft cabin upgrades market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the aircraft cabin upgrades market across North America, Europe, APAC, MEA, and South AmericaAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of aircraft cabin upgrades market vendors
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