Global Aircraft Seating Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global aircraft seating market is expected to register a 7.24% CAGR during the forecast period of 2019 to 2024.
B/E Aerospace, Zodiac Aerospace S.A., Geven S.P.A., Aviointeriors, Sogerma S.A., Acro Aircraft Seating Ltd., Haeco Americas, ZIM Flugsitz GmbH, Aviationscouts GmbH, and Recaro Aircraft Seating Gmbh & Co. Kg. are some of the prominent players at the forefront of competition in the Global Market of Aircraft Seating and are profiled in MRFR Analysis.
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Aircraft Seating Global Market – Overview
Aircraft or Airplane Seating is of paramount priority for Airline companies when it comes to leveraging added comfort to enhance travel experience of their passengers. Airline companies, while investing significantly on Aircraft Component & Engine MRO and technology upgrade; are also considering economics, and ergonomics of cabin furnishings to ensure Air Traveller’s Comfort. Airplane Seating Market is gaining a huge traction worldwide owing to the increased Air Travel rate. Recently, most of the Airline companies are seen making huge investments in modifying cabin interior and seating arrangements. Some of them are offering more comfortable luxurious lie-flat business class seating while some are adding extra row of economy seating; at the same time some are introducing Recaro Aircraft Seating.
Accreditation the rising investment activities transpiring in the Airline Industry lately; the Market Research Future promptly published a thorough study report giving out the complete market prognosis till 2021.
According to which, The Aircraft Seating Market is projected to grow at the rapid pace demonstrating an aggrandized expansion by registering ~ 13% of a CAGR during 2016-2021.
Over the last decade, the Aviation or Airline industry has been witnessing a robust growth, owing to the increased diversification among airlines worldwide. The passenger traffic is expanding exponentially, despite a slight slowdown in the global economy. In recent years, the large aviation markets, such as the U.S., Europe, and Asia have witnessed increased expenses by passengers, due to the rising per capita income in these regions coupled with increasing rate of business travels. This in turn has resulted in the expansion of the aviation industry. Moreover, air travel has been made easier and convenient by the low cost carriers, whilst airline companies are extending their services to various geographic locations. Due to which Air travel is increasing eventually, fostering the global aviation industry. To suffice this heightened demand of global Air travel; Airline companies are increasing their fleet numbers & size. While industry players operating in the Aircraft Seating market; are answering this increased demand in the best possible way by offering aircraft interiors innovations & radical improvements such as Body-friendly Seating etc.
Key Developments
• In March 2019, Thompson signed a contract with Swiss International Air Lines AG to supply new first class and business class seats for the retrofit of its Airbus A340 aircraft.
• In February 2019, Thompson signed a contract for the upgradation of business class seats on Singapore Airlines’ Boeing 737 MAX 8 fleet. The upgrades will commence in May 2020 and are part of an investment program that will eventually see SilkAir merge with SIA.
Aircraft Seating Global Market – Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Aircraft Seating appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. These vendors are committed to deliver reliable, leading-edge products and services.
Aircraft Seating Global Market – Segmentation
Aircraft Seating Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Seat Type : Comprises First Class, Business, Premium Economy, and Economy.
Segmentation By Aircraft Type : Comprises Wide body, Narrow body, Regional Transport Aircraft and other.
Segmentation By Fit : Comprises Line Fit and Retro Fit
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Aircraft Seating Global Market – Regional & Country Analysis
In 2015, there were around 22,000 aircraft in service, majority of them from North America. This figure is likely to double in the next 20 years to reach around 40,000 aircraft. Improved affordability and accessibility will stimulate demand for air travel in established markets and meet the emerging travel needs of the growing middle-class population in the region. By 2021, EMEA is likely to lead the market with a market share of around 38%, followed by Americas and APAC. In APAC region, there were around 6,000 aircraft in service in 2015 which is expected to have around 13,460 new aircraft over the next two decades. These factors will drive the demand for aircraft seating market.
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Key questions addressed by the report-
• What was the historic market size (2018)?
• Which segmentation (Seat Type/Aircraft Type/Fit) is driving market growth?
• What will be the growth rate from 2019 to 2024?
• Who are the key players in this market?
• What are the growth strategies adopted by the key players?
List of Tables
Table 1 List of Assumptions
Table 2 Global Aircraft Seating Market, by Seat Type, 2019–2024 (Usd Million)
Table 3 Global Aircraft Aftermarket Parts Market, by Economy Seat, by Region, 2019–2024 (Usd Million)
Table 4 Global Aircraft Seating Market, by Premium Economy Seat, by Region, 2019–2024 (Usd Million)
Table 5 Global Aircraft Seating Market, by Seat Type, by Business Class Seat, 2019–2024 (Usd Million)
Table 6 Global Aircraft Seating Market, by First Class Seat, by Region, 2019–2024 (Usd Million)
Table 7 Global Aircraft Seating Market, by Aircraft Type, 2019–2024 (Usd Million)
Table 8 Global Wide Body Aircraft, by Region, 2019–2024 (Usd Million)
Table 9 Global Narrow Body Aircraft, by Region, 2019–2024 (Usd Million)
Table 10 Global Regional Transport Aircraft, by Region, 2019–2024 (Usd Million)
Continued……..
List of Figures
Figure 1 Market Synopsis
Figure 2 Global Aircraft Seating Market: Market Attractiveness Analysis
Figure 3 Global Aircraft Seating Market Analysis, by Seat Type
Figure 4 Global Aircraft Seating Market Analysis, by Aircraft Type
Figure 5 Global Aircraft Seating Market Analysis, by Fit
Figure 6 Global Aircraft Seating Market Analysis, by Region
Figure 7 Global Aircraft Seating Market: Market Structure
Figure 8 Key Buying Criteria of Aircraft Seating
Figure 9 Research Process of Mrfr
Figure 10 North America: Market Size & Market Share, by Country, 2017 Vs 2023
Continued……
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