Aircraft Seating Market 2019 Global Analysis By Share

Overview

Global Aircraft Seating Market Research Report—Forecast till 2024 is expected to reach USD 5,960.8 million by 2024 at a CAGR of 7.24% during the forecast period of 2019 to 2024. The demand for high-density seating configurations, increase in aircraft orders, need for fuel efficiency, and upgradation and replacement of aircraft seats are driving the growth of the market.
However, the introduction of design innovations and the effect of the European economic crisis are expected to restrain market growth during the forecast period.

Competitive Analysis

The key players in the global seating market are B/E Aerospace, Inc. (US), Hong Kong Aircraft Engineering Company Limited (Hong Kong), Zodiac Aerospace (France), Recardo Aircraft Seating GmbH & Co.KG (Germany), ACRO Aircraft Seating Ltd (UK), Aviointeriors SpA (Italy), Zim Flugsitz GmbH (Germany), GEVEN SpA (Italy), JAMCO Corporation (US), and Thompson Aero Seating Ltd (UK).

Segmental Analysis

The global seating market has been segmented based on seat type, aircraft type, and fit.
In this report, the global aircraft seating market has been divided, based on seat type, into economy, premium economy, business class, and first class. The economy segment is estimated to be the largest while the premium economy segment is projected to be the fastest-growing during the forecast period. Premium economy class is found on short-haul and long-haul international flights and, compared to standard economy seats, offers 5–7 inches of extra legroom as well as additional amenities. These seats also offer 2–3 inches of extra seat recline, adjustable headrests, lumbar support, and leg rests.

Key Developments

In February 2019, Thompson Aero Seating Ltd signed a contract for the upgradation of business class seats on Singapore Airlines’ Boeing 737 MAX 8 fleet. The upgrades will commence in May 2020 and are part of an investment program that will eventually see SilkAir merge with SIA.

In March 2017, Zim Flugsitz GmbH signed a buyer-furnished equipment agreement with Airbus for economy, premium economy, and mechanical business class seats.
Global Aircraft Seating Market: Information by Seat Type (Economy, Premium Economy, Business Class, and First Class), Aircraft Type (Wide Body, Narrow Body, and Regional Transport Aircraft), Fit (Line Fit and Retrofit), and Region—Forecast till 2024 : https://www.marketresearchfuture.com/reports/aircraft-seating-market-1275
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Market Research Future
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Email: sales@marketresearchfuture.com



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