Press release
Aircraft Seating Market 2018 Analysis with Better Investment Opportunities by RECARO Aircraft Seating GmbH & Co. KG, Aviointeriors S.p.A, Acro Aircraft Seating, Thompson Aero Seating, Haeco Americas, Geven
Aircraft Seating Industry 2018 Global Market research report provide detailed analysis of growth factors of the Aircraft Seating industry as well as it gives analysis of market share, trends, size, Business Methodologies, Financial Overview, Growth Prospects and forecast till 2023. The Aircraft Seating industry report has studied key Strategies in the market i.e Emerging and Manipulating factor which is useful to the Sales revenue and business Generation.Aircraft Seating Market Information by Seat Type (First Class, Business, Premium Economy, and Economy), Aircraft Type (Wide body, Narrow body, and Regional Transport Aircraft), Fit type (Line Fit and Retro Fit), and Region - Forecast to 2023.
The global aircraft seating market is expected to grow at 14% CAGR during the forecast period 2017 to 2023.
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The aircraft seating market, with the highest rate of the commercial aircraft cabin interior market, is forecast to undergo high growth rate in the markets of Saudi Arabia, North America, and Europe. The reason behind this may be the increased popularity of business and ultra-luxury segments of air transport. The seats used in the most luxurious segments can cost over USD 460,000. Hence, this is a high-value segment and will drastically contribute in the growth of the aircraft seating market.
The commercial aircraft seating market in the Americas is expected to grow with the rising number of aircraft in service, and hence the use of the aircraft seat for new aircraft as well as the retrofit purposes. In 2013 there was an aircraft fleet of 8,050, in service, in the region; 6,550 of which was in North America, and the remaining 1,420 aircraft were in Latin America. The region is expected to see a demand for a new fleet of 11000 over the next two decades.
Americas is the major markets in terms of global aircraft retrofit and MRO market. In 2014, the Americas accounted for 35.18 percent (North America: 30.68 percent, S. America: 4.51 percent) of the global aircraft MRO market.
Owing to the increased sale of commercial jets, Asia Pacific and the Middle East are expected to have the fastest growth rate. India and China can be among the biggest contributors of the aircraft seating market by 2023. North America, however, would remain the largest market, globally.
Some major driving factors for the global aircraft seating market include the provision of proper safety and security in aircraft and the mandatory government regulations. Moreover, rise in manufacture of aircraft across the globe, growth percentage in the aviation sector, high disposable income of consumers, and a gradual rise in investments in flight seats by manufacturing companies are also expected to add to the growth of the flight seat market, globally. Also, increased tapping of aircraft seat manufacturers in the emerging regions such as the Middle East, Asia Pacific, South America, and Africa, growth in trade and tourism, across the globe, are other significant reasons for the rise of growth of this market.
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Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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