LONDON--(BUSINESS WIRE)--The aircraft cleaning and sanitizing market is likely to experience steady growth because of Increase in air passenger traffic. Rising at a CAGR of almost 4%, the market is estimated to have an incremental growth of USD 985.02 million by 2024. Download Free Sample Report
A Technavio Analyst says, "The global aircraft cleaning and sanitizing market will not be majorly impacted by the spread of COVID-19. However, the market outlook might change if the containment efforts go beyond Q2 2020"
Technavio’s recent analysis of aircraft cleaning and sanitizing market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in APAC, North America, Europe, South America, and MEA, geographically. The APAC region is expected to have a market share of 37% and will offer significant growth opportunities for market players during the forecast period.
For further information on this analysis, please visit: https://www.technavio.com/report/aircraft-cleaning-and-sanitizing-market-industry-analysis
Stringent regulations on toxic cleaning chemicals and a substantial weakening of global trade might hamper the market growth. However, accelerating demand for procuring new aircraft units will positively influence the growth of the global aircraft cleaning and sanitizing market.
Technavio’s analysis of the aircraft cleaning and sanitizing market also includes:
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive the aircraft cleaning and sanitizing market growth during the next five years
- Precise estimation of the aircraft cleaning and sanitizing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the aircraft cleaning and sanitizing market industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape
- Comprehensive details of factors that will challenge the growth of aircraft cleaning and sanitizing market vendors
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