According to the report, “Aircraft Seating, Seat Cover, Amenities and Auxiliaries Market Analysis and Forecast (2013 – 2022); By Seat Type (Suite Class, First Class, Business Class, Premium Economy Class, Economy Class); By Seat Cover Type (Fabric, Leather, Synthetic)”, published by IndustryARC, global commercial aircraft seating market is expected to reach $4.2bn by 2020.
Browse 53 Market Tables, 14 Figures spread through 180 slides and an in-depth TOC on “Global Aircraft Seating, Seat Cover, Amenities and Auxiliaries Market” – http://industryarc.com/Report/1266/Aircraft-Seating-market-analysis-report.html
With skyrocketing prominence of the aviation industry, the demand for quality aircraft seating, seat covers, amenities and auxiliaries is rising. From 219,186 in 2014 to 319,900 in 2020 is the expected growth rate of number of seats in a commercial aircraft according to IndustryARC. This is a decent CAGR growth rate of nearly 7% CAGR during the forecast period until 2022.
With this kind of up rise, the commercial aircraft seating market revenues are expected to increase from $3.1 Billion in 2014 to around $4.2 Billion in 2020. The demand for Aircraft Seating services is growing at a steady pace across the globe as a direct beneficiary of the growing seats market. The global refurbishment cycle for aircraft seating is around 1 to 2 years and the retrofit cycle is 4 to 8 years. These markets are also partially but significantly impacting the overall market growth trends.
Among all the segments, highest expected potential growth is noted in the suite class segment of commercial aircrafts. Business class is also expected to increase at a CAGR of 8.8% as commercial airlines focus on business customer types to increase revenues along with getting high volumes in bookings from their LCC initiatives. Both strategies are needed to increase ASK for the airlines and for getting profits.
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How Standard Regulations are Acting as Quality Strengths for the Market:
According to FAA regulations, seat covers for example cannot be used after 9 washings because they lose their fire retardant quality. Thus rose the need for keeping track of the aircraft seating; from which further came into existence regulatory bodies.
High regulation benefits enjoyed by the global aircraft seating market from standard bodies like CSA, SAE, FAA, EASA etc act as a healthy potential for the overall performance of the market. By testing and determining flame retardant capabilities, density, gravity performance etc, high standards are set for the functioning of the market. Some other tests include: static load, dynamic load testing, windmill, abuse, reliability testing are performed on the seats.
Apart from the global perspective of the overall market trends, estimations, projections, geographical study and more, this market research report on Aircraft Seating, Seat Cover, Amenities, and Auxiliaries Market includes other two most important industry concepts in depth:
- Segmentation Outlook: The report segments the aircraft seating market based on the seat type into suite class, first class, business class, premium economy class and economy class. The market is also segmented based on the type of seat cover into fabric, leather, and synthetic among others. The number of seats in an aircraft varies on the type of aircraft. On the basis of type of aircraft the seating market is segmented into very large aircraft, wide body aircraft, narrow body aircraft and regional transportation jets.
- Key Vendors Brief: Zodiac Aerospace, B/E Aerospace, Recaro Aircraft Seating, Aviointeriors and others are noted to be the leading industry players of the Aircraft Seating, Seat Cover, Amenities, Auxiliaries Market.
The overall market has also been presented from the perspective of different geographical locations into standard geographic regions and key economies in the market. Competitive landscape for each of the segments is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The market shares for the key players in the past years are also provided.
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