April 03, 2020
According to the research report titled ‘Aircraft Seating Market Size By Platform, By Class, By Fit, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global aircraft seating market is set to record significant growth rate during 2019-2025.
Rising number of air passengers coupled with surging business travel activities are major factors driving the aircraft seating market growth. There has been an upsurge in demand for advanced seating solutions which offer flexibility, durability, cost effectiveness and enhance use of space. Growing inclination towards low-cost carriers has compelled aircraft manufacturers to improve their plane design to enhance the efficiency of operations, in turn aiding the market expansion.
Growing passenger preference for better comfort while travelling has increased the refurbishment activities of aircraft. This factor along with rising adoption of innovative seating with superior safety features, increased legroom and wider pitch are stimulating the industry outlook.
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Integration of sensor technologies in aircraft seats enables passengers to adjust seat according to their comfort. Emergence of carbon fiber fabrics has allowed market majors to minimize the weight of the seats without compromising on the mechanical properties, hence stimulating the business scenario.
As per platform type, narrow body aircraft segment is expected to register substantial growth during the forecast period. Narrow body aircrafts are preferred for extended routes at lower costs as they offer better operational and fuel efficiency.
On the other hand, business class aircraft seating market segment is presumed to expand significantly during the estimated timeframe. Growing business travel along with rising capita per income are facilitating the segmental share.
In terms of fit, line fit segment will witness lucrative growth in the subsequent years. Factors such as increasing production of aircrafts, rising frequency of domestic flights and growing demand for advanced aircrafts are favoring the market outlook.
As per regional analysis, the report states that North America will hold the largest share in aircraft seating market by the year 2025. High concentration of key industry players, increasing production of aircrafts and rising development of novel production facilities are augmenting the regional demand for aircraft seats.
The prominent companies operating in global aircraft seating market are Labobucci HF Aerospace, Embraer Aero Seating Technologies (East), Lift By Encore, Expliseat, Airgo Designs, Zanker Production GmbH, Thompson Aero Seating, Mirus Aircraft Seating, Aviointeriors, Acro Aircraft Seating, Zim Flugsitz, Stelia Aerospace, Lufthansa Technik, HAECO, JAMCO, Recaro Aircraft Seating, Geven, Collins Aerospace and Zodiac Aerospace.
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