Aerospace Seating Market
This report, from Stratview Research, studies the aerospace seating market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
The Global Aerospace Seating Market: Highlights
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.
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.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct more than 10 detailed primary interviews with the market players across the value chain in all the four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The aerospace seating market is segmented into the following categories.
Global Aerospace Seating Market by Aircraft Type:
Global Aerospace Seating Market by Seat Class Type:
Global Aerospace Seating Market by Component Type:
Global Aerospace Seating Market by Fit Type:
Global Aerospace Seating Market by Region:
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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