Press Release Description

Global Aircraft Seating Market to Surge at a CAGR of Around 7.14% During 2024-2030

The Global Aircraft Seating Market is projected to grow at a CAGR of 7.14% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The surge in airplane production, the growing popularity of urban mobility, and the increasing aircraft production are facilitating market growth.

In recent years, the net disposable income of individuals in developed nations has substantially increased, owing to which there has been a surge in travel & tourism. A large portion of consumers prefer to travel via airplanes since they offer more convenience and low travel time to reach the destination. This increasing travel activities is leading to air traffic and to cater to this growing demand, airline companies are increasingly purchasing planes. This is consequently, enhancing the demand for the seats and other essential components, augmenting the Global Aircraft Seating Market.

Additionally, the carbon emissions caused by aircraft are also increasing, owing to which aircraft companies are increasingly developing electric aircraft. These aircraft have requirements for the next-generation seating material to maintain the weight of the airplane in a desired range. Thus, the growing manufacturing of these types of aircraft would continue to improve the requirement for new & innovative seat components.

Global Aircraft Seating Market

Further, the rising inclination towards the celebrity & VIP culture is elevating the sales of the business jets. These jets are highly customizable and the users change the seating covers & aesthetics based on their preferences. Thus, the increasing ownership rates of the charted planes are amplifying market growth., further states the research report, “Global Aircraft Seating Market Analysis, 2024.”

Global Aircraft Seating Market Segmentation Analysis

Wide Body Aircraft (WBA) Anticipated to Hold Dominant Market Share

Based on the Aircraft Type segment, the market is further bifurcated into, Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Very Large Aircraft (VLA), Business Jets, and Regional Transport Aircraft (RTA). Among them, the WBA holds a noteworthy market share in the Global Aircraft Seating Market. These aircraft generally have a higher seating capacity than the other types of aircraft owing to which it easily accommodates more passengers at a time. Thus, airline operating companies are increasingly choosing these aircraft to carry more travelers and earn better revenue. This amplified demand for the WBA is resulting in the higher production of these types of aircraft, consequently uplifting the market growth.  

North America to Dominate in Global Aircraft Seating Market

Geographically, North America holds a substantial share in the Global Aircraft Seating market. The North American nations have the majority of the aircraft manufacturing facilities, therefore, there is consistent demand for the seats in these nations. Moreover, these nations have been one of the most popular travel destinations as tourists from across the globe are arriving in the US & Canada for business conferences, leisure experiences, and medical treatments. This rise in air travel is resulting in the expanded usage of the airplane and might deteriorate the seats and other components of the airliners. Hence, flight operating companies are increasingly ensuring the retrofitting and replacement of the seats at regular intervals, supporting market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including (Zodiac Aerospace (Safran), Collins Aerospace, Geven, RECARO Aircraft Seating, Jamco, HAECO, Lufthansa Technik, Stelia Aerospace, Zim Flugsitz, Acro Aircraft Seating, and Others) are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various region?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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