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Aircraft Seat Upholstery Global Market Report 2024 - Aircraft Seat Upholstery Market Share, Size And Trends Analysis
Aircraft Seat Upholstery Market
According to The Business Research Company's, The aircraft seat upholstery market size has grown strongly in recent years. It will grow from $1.71 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to material innovations, comfort and passenger experience, advancements in durability, aesthetic design changes, weight reduction initiatives.
The aircraft seat upholstery market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to market expansion and air travel growth, focus on passenger comfort, materials innovation and development, sustainability and eco-friendly solutions, aesthetic and design evolution.. Major trends in the forecast period include innovations in maintenance and cleanliness, artificial intelligence and smart features, design and aesthetic evolution, digital integration within upholstery, advanced ergonomics and comfort.
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Market Drivers and Trends:
The increasing demand for air travel is expected to drive the growth of the aircraft seat upholstery market. Air travel refers to the act of traveling by aircraft, typically involving the use of airplanes or other types of aircraft to move from one location to another through the air. Aircraft seat upholstery is a critical component of air travel that serves multiple functions, including passenger comfort, aesthetics, safety, maintenance, durability, and weight considerations. For instance, in March 2023, according to reports published by the Bureau of Transportation Statistics, a US-based government agency, US airlines carried 194 million more passengers in 2022 than in 2021, a 30% increase year on year. The number of passengers carried by U.S. airlines from January through December of 2022 totaled 853 million (unadjusted), up from 658 million in 2021 and 388 million in 2020. Therefore, the increasing demand for air travel is driving the growth of the aircraft seat upholstery market.
Major companies operating in the aircraft seat upholstery market are developing innovative products, such as high-performance fabric, to meet larger customer bases, increase sales, and increase revenue. High-performance fabric is a type of fabric that is designed to withstand high levels of wear and tear. It is often used in upholstery, outdoor furniture, and other applications where durability is essential. For instance, in June 2022, Ultrafabrics LLC, a US-based manufacturer of textile products, launched a new fabric solution called Atago, an innovative flame-resistant, high-performance fabric designed for various applications, including aircraft seat upholstery. Atago is made from a blend of aramid and polyester fibers. Aramid fibers are known for their strength and heat resistance, while polyester fibers are known for their durability and flexibility. This combination of properties makes Atago a good choice for aircraft seat upholstery, as it must withstand the high temperatures and harsh environments found in aircraft cabins. In addition to its flame resistance, Atago is stain-resistant and easy to clean. This makes it a good choice for aircraft seat upholstery, as it must be able to withstand the wear and tear that passengers cause.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Airbus S.A.S., Collins Aerospace, Safran S.A., Stelia Aerospace, Jamco Corporation, Hong Kong Aircraft Engineering Company Limited, Astronics Corporation, Martin-Baker Aircraft Company Limited, Recaro Group, Ipeco Holdings, AIM Aerospace Inc., Thompson Aero Seating Ltd., Aerotex Interiors Inc., Lantal Textiles AG, Aviointeriors S.p.A, Geven S.p.A., Boeing Encore Interiors LLC, Acro Aircraft Seating Ltd., Belgraver BV, International Aero Services, TSI Seats, Botany Weaving Mill Ltd., Wesco Manufacturing Inc., Expliseat SAS , ACC Interiors Ltd., B/E Aerospace Fischer GmbH, OmnAvia Interiors LLC, Tapis Corp, Tritex Corporation, Perrone Aerospace
Aircraft Seat Upholstery Market 2024 Key Insights:
• The Aircraft Seat Upholstery Market is expected to grow to$2.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
• Rising Demand For Air Travel Fuels Growth In The Aircraft Seat Upholstery Market
• Innovative High-Performance Fabric Solutions
• Asia-Pacific was the largest region in the aircraft seat upholstery market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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