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Global Air Transport Modifications Market: Europe to Remain the Most Lucrative Region Globally

Press release Description

Albany, New York, April 17, 2018: A new research study titled “Global Market Study on Air Transport Modifications: Interior Mods to Account for 50% of Global Market Revenues During 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global air transport modifications market is likely to grow at 4.9% CAGR during the assessment period.

The report offers a comprehensive and unbiased outlook on the global air transport modifications market. The landscape has been studied in detail, and key historical developments have been analyzed to offer an accurate forecast on the market. The report studies the drivers, restraints, opportunities, and threats in detail, and offers a lucid analysis on the market on the basis of various segments. A competitive landscape that profiles some of the leading players in the market has also been analyzed in detail in the report.

According to the report, surge in air travel, especially in the domestic airline sector, is one of the key factors for the growth of the air transport modification market. Many developing countries now have a robust airline industry, with air travel now becoming a preferred mode as compared to railways and road travel. These factors have led to increased emphasis on aircraft maintenance and security, which in turn has led to growth of the air transport modifications market. In addition to safety, airlines are also working on boosting fuel efficiency, which has led to the inclusion of lightweight materials. These factors are also likely to fuel the demand for air transport modifications market during the assessment period.

The report studies the global air transport modifications market across a number of regions and countries. According to the report, North America and Europe will continue to be the most lucrative markets for air transport modifications market during the assessment period. Growing emphasis among airliners in Europe about the need to offer a great experience to travelers is fuelling investments in interior modifications. Airliners are replacing old components with new lightweight materials to boost fuel efficiency. These factors are likely to provide an impetus to the growth of the market in Europe during the assessment period. According to the report, air transport modifications market in Europe is likely to reach a valuation of nearly US$ 2.5 Bn by the end of 2026.

The report also offers a holistic analysis on some of the leading players in the market. Some of the key companies profiled in the report include Boeing Company, AAR Corp, Hawker Pacific Pty Limited, Textron Inc., Commuter Air Technology, Inc., Deutsche Lufthansa Aktiengesellschaft, Air France-KLM SA, Cobham plc, Honeywell International Inc., and Field Aviation Company Inc.

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