Aircraft Interior Refurbishment and Repair Market Size, Share, Growth Analysis, By Aircraft Type(Narrow body aircraft, Wide body aircraft, Large body aircraft), By Refurbishment Type(Interior refurbishment and Exterior refurbishment), By End User(Commercial airlines, private aircraft owners, and military aircraft), By Region - Industry Forecast 2024-2031

Aircraft Interior Refurbishment and Repair Market size was valued at USD 1.8 billion in 2022 and is expected to grow from USD 1.88 billion in 2023 to reach USD 2.61 billion by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).

Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in the aircraft refurbishing industry are maintaining successful relationships with airline companies, where they supply cabin interiors and aircraft system parts. 'Lufthansa Technik AG', 'ST Aerospace Ltd.', 'HAECO Group', 'AAR Corporation', 'Air France-KLM Engineering & Maintenance', 'Delta TechOps', 'Jet Aviation', 'SR Technics', 'GMF AeroAsia', 'TIMCO Aviation Services Inc.', 'China National Aviation Corporation (Group) Ltd. (CNAC)', 'Air Works', 'Flying Colours Corp.', 'TAP Maintenance & Engineering', 'Mexicana MRO Services', 'Aeroman', 'Dunlop Aircraft Tyres', 'Airborne Maintenance & Engineering Services', 'Jamco America Inc.', 'Sabena technics', 'In February 2024, Banyan Air Service, a company based in Fort Lauderdale, Florida, signed a deal with StarLink to provide internet connection on airplanes using satellites in low earth orbit. They are also working on getting certifications for different types of aircraft to offer this service. ', 'In February 2024, Premier Private Jets, a national charter provider, bought new maintenance, repair, and overhaul (MRO) facilities and a fixed-base operation (FBO) in Dayton, Ohio from Stevens Aerospace and Defense Systems. Stevens had planned to close these facilities as part of its consolidation efforts. ', 'In January 2024, an Engineering Company based in Bengaluru made history in the Indian aviation industry by unveiling India's inaugural aircraft passenger seat at Wings India 2024.'

Premium economy class is popular with travellers because it offers a significant upgrade over regular economy class without the higher cost of a business class. Passengers prefer premium economy class because it provides greater room and comfort, premium meals with complimentary bar service, and quicker check-in and baggage delivery at the airport. All this factors drive the growth of aircraft interior refurbishment and repair market.

Use of brand name is one of the key trend in aircraft interior refurbishment and repair market. Airlines use the cabin as a presentation of their brand image and gain importance in the market by providing competitive features, service, ambience and comfort. Many airlines tend to include LED lighting, large windows and overhead lockers to enhance their brand recognition.

On the basis of region, aircraft interior refurbishment and repair market is divided into North America, Europe, Asia-Pacific,Latin America, and MEA. The market in North America is anticipated to hold the largest share in the market and accounted leading market players in the region which offer aircraft refurbishing services. North America has the largest aircraft fleet and is growing in size due to adoption of high technology in aircraft maintenance which is leading to rapid growth of new generation aircraft in the region. With the increase in air travel and the increase in air passenger traffic for tourism and business purposes, the need for aircraft refurbishment is also increasing across North America.