Aircraft Stowage Market is Forecasted to Reach US$ 828 Million in 2034, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft stowage market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

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Market Statistics:

Market Size in 2023: US$ 529 million

Market Size in 2034: US$ 828 million

Growth (CAGR): 3.4% during 2024-2034

Cumulative Sales Opportunity 2024 to 2034: US$ 8.01 billion

Leading Aircraft Type: Narrow-Body Aircraft

Leading Stowage Type: Overhead Stowage Bins

Leading Sales Channel Type: SFE

Leading End-User Type: OE

Leading Region: North America

Forecast Period: 2024-2034

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Stowage Market:

The global aircraft stowage market is segmented based on aircraft type, stowage type, sales channel type, end-user type, and region.

Based on aircraft type –

·        The market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. 

·        Narrow-body aircraft is expected to be the dominant segment of the market in the foreseeable future. The anticipated rise in production rates for the A320 series, B737, and A220 creates new supply chain opportunities. In addition, leading suppliers of stowage bins, particularly overhead bins, focus on developing advanced bin systems for narrow-body aircraft. These innovations help airlines maximize baggage capacity in the overhead compartments, allowing for the accommodation of more luggage.

·        Delays in the market entry of B777x and B787’s glitch dented the growth of the wide-body aircraft stowage market demand. However, it is expected that the market will bounce back at an impressive rate in the coming years, driven by B777x, B787, A350XWB, and A330 neo.

Based on stowage type –

·        The market is segmented into overhead stowage bins and other stowage types. 

·        Overhead bins are anticipated to be the dominant segment in the forthcoming years. Overhead stowage bins are used in all major platforms, including B737, B767, B787, A320 family, and A350XWB. New product developments in overhead stowage bins targeting aftermarkets are the key factor driving the demand for overhead stowage bins.

Based on end-user type –

·        The market is segmented as OE and aftermarket. 

·        OE is expected to maintain its dominance during the forecast period and is likely to be the faster-growing segment during the same period. Aircraft manufacturers are working closely with stowage solution providers during the design phase to ensure seamless integration and optimal utilization of cabin space. Such collaborations strengthen the OE segment's position in the market.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to maintain its dominant position throughout the forecast period. This growth outlook is mainly attributed to the following:

-      Factors supporting the demand for aircraft overhead stowage bins in North America are the presence of several aircraft OEMs and tier players.

Likewise, Asia-Pacific is witnessing a rise in demand for air travel, which has led airlines to make new orders for aircraft of a newer generation.

Aircraft Stowage Market Drivers:

Some of the key drivers listed in the report are given below.

-      Increase in regional and commercial aircraft deliveries and the introduction of fuel-efficient aircraft variants.

-      Market entry of new players.

-      Higher focus on inorganic growth.

Competitive Landscape: Top 10 Companies in the Aircraft Stowage Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Safran S.A.

-        AVIC Cabin Systems Limited

-        Collins Aerospace

-        The Boeing Company (Boeing Encore and Boeing IRC)

-        Bucher Leichtbau AG

-        EFW GmbH

-        Jamco Corporation

-        Diehl Stiftung & Co. KG (Diehl Aviation)

-        Euro-Composites Corporation.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft stowage market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

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