Title: Aircraft Seating Market Opportunities and Challenges — Global Forecast by MarketsandMarkets™
1- The Aircraft Seating Market 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. - 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. - Download PDF Brochure _at_
- https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id906 - On the other hand, Singapore Airlines will be
cutting the number of first-class seats on its
next A380s, while the German airline Lufthansa
will do away with the first- class cabin
completely in its new Boeing 777-9s, leaving
business as the highest class on select flights.
These changes reflect a shift in trends that
place business as 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.
2The narrow body aircraft segment is projected to
grow at the highest CAGR during the forecast
period. This segments 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 aircrafts 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. 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. Key Market Players 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). Ask
for Sample Report _at_ https//www.marketsandmarkets.
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