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Published Thu, Mar 14th 2019

Seating Market in Aerospace industry is expected to grow at a projected CAGR of 7.6% during the forecast period. – Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Global Aerospace eating Market is progressively growing at an excellent CAGR of 7.6% in the forecasted period.

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The research studies Aerospace Seating Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under five segments -  by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, and Regional Aircraft), by Seat Class Type (First Class, Business, Premium Economy, and Economy), by Component Type (Actuators, Foam & Fittings, and Others), by Fit Type (Line Fit and Retrofit), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
 
The study finds –             
  • North America currently holds the largest share in the global aerospace seating market and is projected to remain the largest seating market during the forecast period.
  • Narrow-body aircraft is projected to remain the largest seating market during the forecast period of 2017 to 2022.
  • At the same time, the volatile crude oil prices have an unembellished impact on the profit margins of the airlines.
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Aerospace Seating Market: Highlight

The global aerospace seating market offers the favorable opportunities in the entire ecosystem of the market and is expected to grow at a projected CAGR of 7.6% during the forecast period of 2017 to 2022. Increasing production rates of the best-selling aircraft, such as B737 and A320 fueled by increasing passenger traffic; rising global aircraft fleet size; upgrade of an existing aircraft fleet to achieve a greater fuel efficiency; and an advancement in the technology are major driving forces of the global aerospace seating market.

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The airline industry is fiercely competitive with the presence of over 1,400 active companies worldwide. Maintaining brand image and retaining customers to keep themselves competitive is an enormous task and requires continuous improvements by addressing the emerging market needs. Airline companies are not only increasingly purchasing those aircraft that offer an excellent comfort to their customers but they also keep upgrading their existing fleet to deliver an unmatched customer experience.

At the same time, the volatile crude oil prices have an unembellished impact on the profit margins of the airlines.  Interior applications including seats are also not untouched with such factors and experienced a drastic shift in their materials usage. Aircraft manufacturers worked along with seat manufacturers to develop seating system that is lightweight and can accommodate a higher number of seats at reduced space.

The global aerospace seating market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, and regional aircraft. Narrow-body aircraft is projected to remain the largest seating market during the forecast period of 2017 to 2022. Boeing B737 and Airbus A320 family including their recently launched variants would remain the growth engines of the seats in the segment. Wide-body aircraft is likely to witness the highest growth during the same period, driven by increasing production rates of the key aircraft, such as B787 and A350XWB.

North America currently holds the largest share in the global aerospace seating market and is projected to remain the largest seating market during the forecast period. The region is the assembly base of all the commercial and regional aircraft programs of Boeing and Bombardier. Additionally, Airbus   has opened its first assembly plant for its A320 in Alabama, the USA. The region also owns one of the largest commercial and regional aircraft fleet size. 

Asia-Pacific is expected to register the highest growth over the next five years, driven by upcoming commercial and regional programs, such as Comac C919 and MHI MRJ. Furthermore, the region owns the largest commercial aircraft fleet worldwide. This will create a sustainable demand for seats from the aftermarket. China and India are the growth engines of the Asia-Pacific's aerospace seating market. 

Rockwell Collins, Inc. (B/E Aerospace), Zodiac Aerospace, Stelia Aerospace, Recaro Aircraft Seating GmbH, Aviointeriors S.p.A, Acro Aircraft Seating, Thompson Aero Seating Ltd., are ZIM Flugsitz GmbH are the key players in the aerospace seating market. Long-term contracts and new product development are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.
Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:

Click Here for Other Reports from Stratview Research in the Aerospace & Defence Industry

Contact information

Aditya Joshi
Stratview Research
United States of America
400 Renaissance Center, Suite 2600,
Telibandha
Detroit, Michigan, MI
48243
+1-313-307-4176
https://www.stratviewresearch.com/

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

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