08-10-2018 01:40 PM CET - Logistics & Transport

Aircraft Soft Goods Market 2024 Comprehensive Analysis | Key Players – Aero Floor, Anker Company, Aero Foams Tapis Corporation, Aircraft Interior Products, Spectra Interiors, Aircraft Interior Sol, RAMM Aerospace

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Market Study Report adds a new the remarkable expansion of aircraft soft goods market can undoubtedly be attributed to the rapidly expanding global aviation sector, that has depicted a commendable growth rate in the recent times on account of rising demand for commercial aircraft for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

Upgradation in airliner interiors to improve aesthetics and enhance passenger comfort level will fuel aircraft soft goods market over the forecast period. Adoption of soft goods to reduce noise and vibration during flight will further drive its consumption in airplanes. Continuous OEM and aftermarket initiatives to develop lightweight interior products are boosting the industry growth.

Aerospace industry is focusing on improving its production capacity owing to high aero plane backlogs. In 2017, the production increased from 1,714 to 1,740 compared to 2016. Airplane manufacturers have backlog of around 17,000 airplanes requiring over 9 years to suffice the demand. Rising airplane production will boost aircraft soft goods market share till 2024. Rising disposable income has increased air passengers resulting in augmentation of domestic and international fleet, thereby accelerating demand for seat covers, carpets, and curtains.

Manufacturers such as Bombardier and Boeing are adopting new materials to reduce weight and cost of products. Advent of materials such as nylon fabrics provide higher comfort as compared to traditional goods and replacement with synthetic leather will improve aircraft soft goods market share over the forecast period. In addition, ongoing refurbishment activities to upgrade old airplanes and enhance business & economy class cabin interiors will further strengthen the product adoption.

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Leather materials have significant share with puncture and tear resistance; however, low wear and cost will help synthetic leather material to grow at faster pace. Polyester aircraft soft goods market will foresee healthy growth owing to chemical resistance and high durability.

OEM market will register 3% during the forecast period owing to its installation during airplane fabrication. Long term collaborations with manufacturers such as Bombardier, Boeing, and Airbus to ensure continuous product supply will escalate industry revenue from 2018 to 2024. Aftermarket aircraft soft goods market segment will register strong growth with replacement of damaged goods and airplane refurbishment activities.

North America led by the U.S. accounts for major share owing to presence of airplane manufacturers such as Bombardier and Boeing. Asia Pacific aircraft soft goods market will register sturdy growth with increasing passenger traffic and commercial airplane industry. Rising public spending in emerging nations will boost industry share over the forecast period. MEA is at nascent stage and will foresee growth with rise in business and private jets.

Aircraft soft goods market players include Aero Floor, Anker Company, Aero Foams Tapis Corporation, Aircraft Interior Products, Spectra Interiors, Aircraft Interior Sol, RAMM Aerospace, Botany Weaving Mills, Mohawk Group, Desso, Lantal Textile, Fellfab, InTech Aerospace, E-Leather, and F-list. Industry players are enhancing product landscape to increase their share. For instance, in 2018, Lantal introduced TEC leather having superior thermal property.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Aircraft soft goods industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Aircraft trends
2.1.3. Product trends
2.1.4. Material trends
2.1.5. Distribution Channel trends
2.1.6. Regional trends
Chapter 3. Aircraft Soft Goods Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. By region North America Europe Asia Pacific Latin America MEA
3.4.2. Cost structure analysis
3.5. Technology Landscape
3.6. Regulatory landscape
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.7. Industry impact forces

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Outside scope of this report According to the 2017 edition of the World Air Transport Statistics, commercial airlines around the world carried a total of 3.8 billion passengers in 2016 which is a y-o-y increase of about 7 percent. The statistics, published by the International Air Transport Association (IATA), represent a total of about 242 million additional air trips in the same year. A drastic change in lifestyles coupled with increasing affordability of air travel has been the prominent cause of the swift progression being witnessed across the global aviation industry. In this context, airlines have been increasingly preferring vibration dampening, noise absorbing, lightweight, and aesthetically superior airplane interior systems in order to ensure passenger safety and comfort while keeping up with the ever-increasing demand. As a consequence, the aircraft soft goods market space has continued to garner immense popularity across the civil aviation sector.

Among the most noteworthy factors contributing toward the aircraft soft goods industry expansion is the robust regulatory framework being set up by major civil aviation authorities around the globe. For instance, the Federal Aviation Administration has laid out stringent norms regarding the sustainability of the materials being used in manufacturing soft goods. Apparently, numerous leading companies operating in the aircraft soft goods market have been proactive in complying with the norms prescribed by regulatory authorities to gain competitive advantage.

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