Stratview Research announces the launch of a new research report on the Aircraft Seat Market is Segmented By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Body Aircraft, Regional Aircraft, and Business Jet), By Seat Class Type (First-Class Seats, Business-Class Seats, Premium-Economy-Class Seats, and Economy-Class Seats), By Component Type (Soft Goods, Metals, Plastics and Composites, and Electric), By Fit Type (Line Fit and Retrofit), and By Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Aircraft Seat consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on global Aircraft Seat Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
Despite recent industry concerns over grounding of B737 max, P&W 1100G engine series failure (A320neo), delayed deliveries of upcoming aircraft programs such as B777X, revised production rates of key aircraft programs, A350XWB and B787 due to cancellation of Boeing’s orders from China and other parts of the world, the long-term market outlook still seems vigorous. Apart from the organic growth of the industry, several other factors are propelling the demand for seats in the aircraft industry. Some of those factors are a shift from first-class seats to business-class seats, advancements in interiors of the latest aircraft programs promoting airlines to upgrade the interior of the existing fleet, and increasing preference of airlines for premium-economy-class seats. Furthermore, advancements with regard to seat design and materials aid some momentum to the growth of the market.
Stratview Estimates’ suggest that the market for seats in the aircraft industry is set to grow at a CAGR of 4.7% over the next five years to reach US$ 6.0 billion in 2025. Organic growth of the aircraft industry is anticipated to remain the biggest growth propeller. Both Boeing and Airbus are projecting healthy demand for commercial and regional aircraft in the next twenty years in their business outlooks. Boeing, in its outlook 2019-2038, projected that there will be the need for 44,040 commercial and regional aircraft during 2019-2038 out of which narrow-body aircraft will account for almost 78% share. Airbus too has similar projections in its business outlook of 2019-2038.
In terms of region, North America currently holds the largest share of the global aircraft seat market and is projected to remain the largest aircraft seat market during the forecast period. The region is the assembly base of all the commercial and regional aircraft programs of Boeing and Bombardier. Airbus has recently expanded its first assembly plant for its A320 in Alabama, the USA to increase the production of A320 to seven per month from five. Also, Airbus has started production of A220 in the same plant. The region also owns one of the largest commercial aircraft fleets in the world.
Go Through the Full Scope of the Report Here: https://www.stratviewresearch.com/toc/250/Global-Aerospace-Seating-Market.html
According to the report, the key players of the market are –
- Safran S.A.
- Collins Aerospace
- Stelia Aerospace
- RECARO Aircraft Seating GmbH & CO. KG
- Aviointeriors S.p.A
- Acro Aircraft Seating Ltd
- Thompson Aero Seating Ltd.
- Geven S.p.A.
- ZIM Flugsitz GmbH.
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