Aircraft Seating Market is Going to Boom with Key Players Acro Aircraft Seating, Aviointeriors S.p.A., and Hongkong Aircraft Engineering Company Limited (HAECO).

Report Ocean releases its latest report on the global Aircraft Seating Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Aircraft Seating Market.

The global aircraft seating market is expected to grow at a CAGR of 7.2% during the forecast period 2021-2027. 

Rising demand of passengers for comfort and delightful experience onboard a flight, innovations in design and features of seats, and increasing market demand for lightweight seating are key growth impellers of the seating in the global aircraft market. Various design innovations such as improving degree of recline, value-added features, accessories attached to seating, and enhanced space & comfort for relaxation are proliferating the seating market across the classes.

Amid pandemic in the year 2020, as per Jan 2021 estimates of ICAO (International Civil Aviation Organization), the seating capacity of passengers across the world dropped by about 50% year over year compared to 2019 levels. Air passenger traffic plunged by 60% in 2020, making it 17 years back to the 2003 levels. The outbreak of COVID-19 led to widescale lockdown measures, strict air travel restrictions, and the grounding of the majority of a fleet of aircraft for a significant period in 2020.

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Growth Drivers:

Increasing market demand for lightweight seating along with high durability and reliability with a trend of reducing carbon emissions of airlines and generating fuel cost savings is one of the most significant factors driving the aircraft seating market growth. Integration of advanced technology-rich features in seating such as enhanced reclining and legroom integrated electronic support, and smooth transition between seat positions are also escalating the market demand across the globe.

Additionally, there is a growing need for cabin retrofits and upgrades where seating upgrades is one of the most desired upgrades to increase airlines' value and save significant cost associated with conventional, outdated seating. A huge pile of older aircraft fleet among airlines is pushing the airlines to avoid overlooking retrofits and upgrades and avoid continued maintenance and repair costs.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Aircraft Seating Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Aircraft Seating Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Aircraft Seating Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Aircraft Seating Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Aircraft Seating Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Aircraft Seating Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Aircraft Seating Market provides insight into the factors influencing its growth. This market study breaks down the Aircraft Seating Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Aircraft Seating Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Aircraft Seating Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Aircraft Seating Market are:

Scope of the Report

The global Aircraft Seating Market segmentation focuses on:

By Aircraft
Narrow-body Aircraft
Wide-body Aircraft
Regional Jet
Business Jet
Military Aircraft

By Seat
Economy Class
Premium Economy Class
Business Class
First Class

By End-Use
OEM
Aftermarket

By Component
Seating Actuators
Foam
Structure and Moldings
Others

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