Aerospace Seating Market is Likely to Grow at 7.6% CAGR Over the Next Five Years

Launching announcement of a new research report on Aerospace Seating Market which is projected to grow at 7.6% CAGR by 2022- forecasted by Stratview Research. The study provides an in-depth analysis 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.

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The Aerospace Seating Market: Highlights

The 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.

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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 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

The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
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We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.

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To browse through our range of reports in the Aerospace & Defence industry, refer to the following link:
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Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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This release was published on openPR.