openPR Logo
Press release

Aircraft Seating Market Opportunities and Challenges

12-09-2019 02:55 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

AIRCRAFT SEATING MARKET, BY CLASS (BUSINESS, FIRST, PREMIUM ECONOMY, AND ECONOMY), TYPE (9G AND 16G), END USE (OEM, AFTERMARKET, AND MRO), AIRCRAFT TYPE (NBA, WBA, VLA, RTA AND BUSINESS JETS), MATERIALS, COMPONENTS AND REGION – GLOBAL FORECAST 2027

https://www.marketsandmarkets.com/Market-Reports/commercial-aviation-aircraft-seating-market-906.html

The aircraft seatingmarket size is projected to grow from USD 7 billion in 2019 to USD 12 billion by 2027, at a CAGR of 8% from 2019 to 2027. Increase in aircraft orders, rise in number of premium economy class seats, and maintenance & retrofitting of existing aircraft are some of the key factors driving the growth of the aircraft seating market.

Download Free PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=906

Premium economy class segment projected to grow at highest CAGR from 2019 to 2027.

Premium economy segment of the aircraft seating market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for premium economy seats by travelers owing to the cheaper ticket value in comparison to business class seats. Emirates has announced a new premium class to be rolled out by 2020. On the other hand, Singapore Airlines will be cutting the number of first-class seats on its next A380s, while the Germanairline Lufthansa will do away with the first-class cabin completely in its new Boeing 777-9s, leavingbusiness as the highest class on select flights. These changes reflect a shift in trends that place businessas the new first class, and premium economy as the new business class.

Airline Seating Trends:

· Delta Airlines:

In January 2018, Delta Air Lines (US) airline improved its premium economy seating (called Premium Select) to compete with international airlines. The airline provides premium economy class seats with extra legroom on most domestic airlines.

· United Airlines

In August 2018, United Airlines (US) announced a plan to begin charging an extra fee to passengers reserving economy seats near the front of the plane. This new policy enables passengers to pay more for basic seats that offer the convenience of being closer to the front of the plane.

Narrow body aircraft segment projected to grow at highest CAGR from 2019 to 2027.

The narrow body aircraft segment is projected to grow at the highest CAGR during the forecast period. This segment’s growth can be attributed to an increasing demand for narrow body aircraft from low-cost carriers in emerging economies. Low-cost airliners tend to procure narrow-body aircraft, owing to their need for short distance travel and the aircraft’s easy maintenance. This has increased the demand for narrow-body aircraft, directly affecting the aircraft seating market. Over 11,000 single-aisle aircraft deliveries were scheduled for the Asia Pacific region in 2017.

Increase in narrow body aircraft deliveries from 2016 to 2027:



The OEM end use segment is projected to lead the aircraft seating market from 2019 to 2027.

Based on end use, the OEM segment is projected to lead the market during the forecast period. The growth of this segment can be attributed to the fact that the customization of aircraft seats according to the requirements of airlines before the aircraft’s delivery is easier as compared to their retrofitting. Several airlines buy new aircraft, especially the narrow-body models such as B737 and A320, which are installed with new seats.

Asia Pacific aircraft seating market projected to grow at highest CAGR from 2019 to 2027.

The Asia Pacific aircraft seating market is projected to grow at the highest CAGR during the forecast period. The market growth in this region is largely due to increase in air passenger traffic from countries such as India, China, Japan, and Indonesia. The region has been witnessing growth in domestic travel since the last decade, which has led an increase in aircraft deliveries mostly for low-cost carriers. Emerging markets require new aircraft to meet the fast-growing traffic demand. Hence, new airlines are being launched in emerging economies, such as India and China, where passenger traffic has been increasing at an above average growth rate.

Major players operating in the aircraft seating market include Zodiac Aerospace-Safran (France), B/E Aerospace-Rockwell Collins, Inc. (US), Geven S.p.A. (Italy), RECARO Aircraft Seating (Germany), HAECO Americas (US), Lufthansa Technik (Germany), and Stelia Aerospace (France). These players offer different products used in aircraft seating, from economy class to first class. They also have well-equipped manufacturing facilities and strong distribution networks across the North American, European, and Asia Pacific regions.

Market for 16g seats is estimated to grow at 11% CAGR during forecast period.

Competitive Landscape

The competitive landscape chapter provides an overview of the prevailing competitive scenario and benchmarking of growth strategies adopted by of key players. This chapter offers a comprehensive micro quadrant analysis of more than 30 players in seat manufacturing industry and start-up matrix for start-up companies in this industry. It provides the positioning of players as visionary leaders, innovators, emerging companies, and dynamic differentiators.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aircraft Seating Market Opportunities and Challenges here

News-ID: 1877278 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,