Aircraft Seating Market Opportunities and Challenges — Global Forecast by MarketsandMarkets™ - PowerPoint PPT Presentation

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Aircraft Seating Market Opportunities and Challenges — Global Forecast by MarketsandMarkets™

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Aircraft Seating Market is projected to grow from $7 billion in 2019 to $12 billion by 2027, at a CAGR of 8% from 2019 to 2027. – PowerPoint PPT presentation

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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.

2
The 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.
com/requestsampleNew.asp?id906 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
as clients. Almost 75,000 top officers across
eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Sanjay Gupta
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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