PUNE, India, October 9, 2015 /PRNewswire/ --
The report "Aircraft Seating Market by Seat Type (Suite, First, Business, Premium Economy, Economy), Aircraft Type (NBA, WBA, VLA, RTA), Fit (Line-Fit, Retrofit), Component (Seat Actuators, Foams & Fittings), Region - Global Forecast & Analysis to 2020", published by MarketsandMarkets, This report studies the Aircraft Seating Market from 2015 to 2020. The market is projected to reach USD 14.82 Billion by 2020, at CAGR of 14.65% from 2015 to 2020.
Browse 78 market data Tables and 97 Figures spread through 170 Pages and in-depth TOC on "Aircraft Seating Market".
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The market report analyzes and studies major market drivers, restraints, opportunities, and challenges in North America, Europe, and rest of the world (RoW).
The aircraft seating market is classified into four major segments, namely, seat type, aircraft type, fit type, component, and region. The seat type segment is further categorized into suite class, first class, business class, premium economy class, and economy class. On the basis of aircraft type, this market is segmented into narrow body aircraft, wide body aircraft, very large aircraft, and regional transport aircraft. The fit type segment is further classified into line-fit and retrofit. On the basis of component, this market is segmented into seat actuators, foams & fittings, and other components.
In terms of value, the business class segment of the Aircraft Seating Market is estimated to account for the largest share of 55% in 2015, followed by the economy class seats segment that holds an estimated share of 29% in the same year. In terms of volume, the economy class segment leads the aircraft seating market, registering a share of 81% in 2015, followed by the premium economy class segment with a share of 11% in the same year.
Factors such as demand for lightweight aircraft seats, increase in demand for premium air travel, rise in aircraft orders, and need for fuel efficiency, among others are factors driving the growth of the aircraft seating market. On the other hand, factors such as economic slowdown and alternative modes of transportation such as high-speed rail system are restricting its market growth. However, rapid expansion in emerging markets and high growth in the retrofit market provide new growth opportunities for market players.
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As of 2015, North America is estimated to hold the largest share of the aircraft seating market, followed by RoW. The RoW aircraft seating market is projected to grow at the highest CAGR of 16.18% from 2015 to 2020, owing to rise in air travel in India and China, in the past few years.
The report also draws the competitive landscape of the aircraft seating market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players thriving in this market. The key strategies adopted by major companies in the aircraft seating market are new product launches, providing customized solutions, and mergers & acquisitions.
The aircraft seating market is dominated by key players such as B/E Aerospace, Inc. (U.S.), Zodiac Aerospace S.A. (France), Recaro Aircraft Seating GmbH & Co. KG (Germany), Geven S.p.A (Italy), Acro Aircraft Seating Ltd. (U.K.), Aviointeriors S.p.A. (Italy), Sogerma S.A. (France), Thompson Aero Seating Ltd. (U.K.), HAECO Americas (U.S.), ZIM Flugsitz GmbH (Germany), and Aviationscouts GmbH (Germany).
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