Global Aircraft Seating Market 2020 is set to nurture from its current market value towards more by the year 2024, as reported in the latest study by Market Research Future. The industry outlook is studied, keeping the impact of COVID 19 that has put on the aviation industry and its result. The current aircraft seat market realities and future possibilities are focused until the forecast period 2019 to 2024. During this period, analysts have researched that growth of 7.24% is expected after the reopening of the aviation industry.
Aircraft Seating Boomers & Decliners
Increasing aircraft deliveries in support of rising air passenger traffic globally, along with growing business travel activities are motivating the aircraft seating market. The airlines are demanding advanced seating solutions with optimum usage of space, cost-effective maintenance, along with extremely durable and flexible design, which is making the market more and more advanced and gaining traction. With this, MRFR also finds that the proliferation of low-cost carriers is enabling aircraft manufacturers to optimize the plane design for incorporating maximum seats for accommodating senior passengers to improve operational efficiency. In fact, airline operators are focusing on maintaining passenger retention and enhance the brand image to boost profit margins.
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Passengers are expecting improved comfort while traveling that generates the requirement for the periodic refurbishment of aircraft seats. All these factors are creating immense popularity, which is resulting in gathering much revenue in the current period.
Apart from the above-mentioned factors, more factors such as the airlines are adopting new seating products with wider pitch, surged legroom, and superior safety that enhances customer-traveling experience for longer journey routes. These factors are ready to further boost the aircraft seating market penetration over the forecast timeframe.
Furthermore, the Global Aircraft Seating Market trends are witnessed to be highly influenced by the rising passenger traffic, and aircraft seating manufacturers that are coming up with new designs will have a substantial impact on the industry revenue. In the case of point, the Italian aircraft seat manufacturer Aviointeriors newly designed and demonstrated its saddle seats named SkyRider 2.0 that have high backs and narrow seats. The seats are mainly designed to help boost airline seat numbers and achieve ultra-high density.
Top Companies Covered
The top companies in the Aircraft Seating Market are Zodiac Aerospace (France), B/E Aerospace, Inc. (US), ACRO Aircraft Seating Ltd (UK), Recardo Aircraft Seating GmbH & Co.KG (Germany), Zim Flugsitz GmbH (Germany), Aviointeriors SpA (Italy), JAMCO Corporation (US), GEVEN SpA (Italy), and Thompson Aero Seating Ltd (UK).
By the segment of seat type, the global market has included the premium economy, economy, business class as well as first-class.
By the segment of aircraft type, the market has included a narrow body, wide-body, and regional transport aircraft.
By the segment of fit, the market has included line fit and retrofit.
North America currently grabs the leading share of the global aircraft seat market and is projected to continue with the largest aircraft seat market position in the anticipated period. The region is considered as the assembly base of all the commercial and regional aircraft programs of Boeing and Bombardier. Airbus has newly expanded its first assembly plant for its A320 in Alabama, the USA, to amplify the production of A320 to seven per month from five. Besides, Airbus has started production of A220 in the same plant, which is why; the region also owns one of the leading commercial aircraft fleets in the world.
Asia-Pacific is also expected to record the maximum growth in the subsequent five years, motivated by imminent commercial and regional programs, such as COMAC C919 and Mitsubishi SpaceJet. Also, the region owns the prevalent commercial aircraft fleet worldwide that would create a sustainable demand for seats at the retrofit level in the future. China and India are the augmentation engines of the Asia-Pacific’s aircraft seat market.
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