A new research study titled “Aircraft Seating Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global aircraft seating market is projected to grow at a CAGR of nearly 13% and rake in over US$ 27 Bn in revenue by 2026.
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According to the report, the demand for aircraft seating has witnessed a steady increase in the last five years or so, as increasing disposable income and affordable flight tickets make air travel a preferred option for people. In addition to international flights, the demand for aircraft seating is also growing among players catering to domestic travelers. As the domestic air travel market is fiercely competitive, airlines are focusing on reducing the operational costs. This has led to increasing demand for composite and hybrid textiles for making seats and seat covers.
In the report, the segmentation has been done on the basis of seating class type, fit type, aircraft type and region. The seating class type has further been sub-segmented into first class, business class and economy class. The fit type segment has been bifurcated into line fit and retro fit. By aircraft type, the global market has been categorized into turboprop, medium/ large passenger wide body, small passenger wide body, narrow body and regional jets. Region-wise, the report has segmented the global market into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
The report estimates North America to be the largest market for aircraft seating currently. However, during the end of the forecast period, Asia Pacific excluding Japan (APEJ) is likely to emerge as the leading market for aircraft seating. On account of strong demand in the US, the North America aircraft seating market is projected to reach nearly US$ 3 Bn in revenues by the end of assessment period.
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Demand for narrowbody aircrafts is likely to account for significant share on the basis of aircraft type. On the other hand, demand from turboprops is likely to witness sluggish growth over the forecast period.
The report also offers a detailed competitive landscape and highlights the product and business strategies of leading players in the market. According to the report, the leading companies operating in the market include Zodiac Aerospace Group, B/E Aerospace, Inc., Aviointeriors S.p.A, Geven S.p.A¸ Thompson Aero Seating Ltd, HAECO Americas LLC (Timco Aviation Services Inc.), TENRYU AERO COMPONENT CO., LTD., PITCH AIRCRAFT SEATING SYSTEMS LTD¸ RECARO Aircraft Seating GmbH & Co. KG, JAMCO Corporation, Acro Aircraft Seating, Mirus Aircraft Seating Ltd, ZANKER PROMOTION GMBH, STELIA Aerospace S.A.S. and Company Name Martin-Baker Aircraft Co. Ltd.
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