Market Highlights
Innovations remain at the core of business for cabin interior stakeholders. The first thing that comes to mind when talking about cabin interiors is technological advancement taking the industry to the next level. The entire interiors community is heading in several directions, addressing a handful of market requirements including but not limited to lightweight, hygiene, cost reduction, space optimization, and aesthetics. All the major players have introduced several product launches in the past decade, making several strides to address keep changing business requirements. All the time, they are creating a new business case to keep themselves ahead of the competition.
In most industries, the Pandemic slackened the product developments and innovations, whereas the case was reversed with interiors. The pandemic expedited the entire product development process with a series of innovations in the past two years. Cabin lining has paramount importance and can not be simply ignored when discussing interiors. It plays a huge role in the entire passenger experience enhancement process. However, if we keep product developments aside and discuss the market numbers then the entire discussion will lead in other directions.
Like other interior products, the market for cabin lining witnessed a massive nosedive in the year 2020 in the wake of the Pandemic. The entire demand was frozen up with airlines diverting their focus on cash conservation and almost stopped buying new aircraft as well as procuring interior products including cabin lining for their existing aircraft fleet. As a result of that, the market for cabin lining for the aircraft industry plunged by over 40% in the market in 2020, equivalent to the one-decade-old market numbers. The decline in the year 2020 was the biggest in the past two-three decade. The existing challenges, such as the grounding of B737 Max, exacerbated the market conditions amid the pandemic.
The balance sheets of the major companies indicate the pressure of the Pandemic on tier players. The year 2021 intensified the existing burden of tier players, taking another double-digit dip, crashing the hope of tier players regarding recovery. The year 2022 is anticipated to be a good year by kicking off real recovery and may form a 5–6-year recovery cycle of the market. Overall, the market would rebound at a promising CAGR of 14.8% during the forecast period to reach a value of US$ 760 Million in 2027.
Market Segments' Analysis
Based on the aircraft type, the market is bifurcated into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets. Wide-body aircraft is anticipated to remain dominant as well as the fastest-growing segment of the market in the foreseen future. High cabin lining content per aircraft paired with the expected recovery of wide-body aircraft supported by B787 and A350XWB is likely to drive the demand for cabin lining in this aircraft category. Furthermore, the introduction of B777x is likely to add momentum to the segment's growth in the coming years.
Based on the application type, the market is segmented into the sidewall, ceiling panel, and others. Sidewall is expected to remain the most dominant application type over the forecast period. Sidewalls are employed to cover a larger surface area than ceiling panels accompanied by frequent refurbishments.
Based on the end-user type, the market is segmented as OE and aftermarket. Out of these, OE end-user type is expected to dominate the market over the forecast period. Upcoming aircraft programs (C919, B777x, A321XLR, and MC-21) and an expected rise in the production of key aircraft programs (B737 Max, A320neo, B787, and A350XWB) are likely to drive the demand for cabin lining at the OE level during the studied period. Aftermarket is another promising segment that may create several opportunities for market participants in the years to come. An expected rebound in the air passenger traffic is anticipated to drive airlines to go for refurbishments to enhance passengers’ travel experience.
In terms of regions, North America is expected to remain the largest market for aircraft cabin linings during the forecast period. This region is a pioneer in the aerospace industry with the presence of several aircraft OEMs and tier players. Most of the leading providers, such as Triumph Group and Collins Aerospace, have a strong presence in the region to support customers. Major players are also engaged in innovations with their customers to further advance the overall performance of the product. In short, North America is usually considered a go-getter in the aerospace industry with an aspect of technology. Europe is hand-in-hand with North America in technology developments, usually driven by players active in the Airbus supply chain.
Key Players
Mergers & Acquisitions, the formation of long-term contracts, vast product portfolios, and technological advancements are among the main strategies employed by key players. The following are some of the key players in the aircraft cabin lining market:
- AVIC Cabin Systems
- Diehl Aviation
- Safran S.A.
- Collins Aerospace
- Triumph Group
- Boeing EnCore
- Boeing Interior Responsibility Center
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft cabin lining market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a 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 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
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:
- 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, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The aircraft cabin lining market is segmented into the following categories:
Aircraft Cabin Lining Market, by Aircraft Type
- Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Business Jet (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Cabin Lining Market, by Core Material Type
- Sidewalls (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Ceiling Panels (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Cabin Lining Market, by Sales Channel Type
- BFE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- SFE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Cabin Lining Market, by End-User Type
- OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Cabin Lining Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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