Global Aircraft Seating Market Set for Rapid Growth, to Reach USD 1,195.06 Million by 2022
Sarasota, FL -- (SBWIRE) -- 07/16/2018 -- Zion Market Research has published a new report titled "Aircraft Seating Market by Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, Very Large Aircraft, and Regional Transport Aircraft), by Seat Class (First Class, Business Class, Premium Economy, and Economy), and by Component (Seat Actuators, Foams & Fittings, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022". According to the report, the global aircraft seating market was valued at around USD 771.08 million in 2016 and is expected to reach approximately USD 1,195.06 million by 2022, growing at a CAGR of around 7.6% between 2017 and 2022.
Aircraft seat actuation systems are used to providing comfortable seating for the passengers in commercial and private aircrafts. These seat actuation systems are automated and have the ability to let the passengers adjust their seating position as per their comfort level. The increasing disposable income is creating a demand for air travel globally. This demand is in return creating a demand for commercial aircrafts. The seat actuation systems are one of the essential components of aircraft cabins. Growing popularity for seat actuators is expected to bolster the growth of aircraft seating market across the globe. For instance, aircraft seat actuators market accounted for USD 625.87 Million in 2016 which is expected to increase to USD 978.70 Million with a CAGR of 7.8%. The ergonomic seat designs also help the pilots to operate the aircraft efficiently. In addition, the ergonomic seat designs include a skull and lower back support. Furthermore, the rising demand for premium air travel is also creating a demand for advanced seat actuation systems.
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Unique Selling Proposition (USP) & Offerings
The report covers forecast and analysis for the aircraft seating market on a global and regional level. The study offers historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based on value (USD Million). The study includes drivers and restraints for the aircraft seating market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of potential opportunities available for the aircraft seating manufacturers in the global market.
In order to give the users of this report a comprehensive view on the aircraft seating market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the aircraft seating market has also been included. The study encompasses a market attractiveness analysis, wherein segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The study provides a decisive view on the aircraft seating market by segmenting the market based on aircraft type, seat class, component, and region. The aircraft type segment includes wide-body aircraft, narrow body aircraft, very large aircraft and regional transport aircraft. First, business, premium economy and economy are the seat class segments of this market. Based on the component, the global aircraft seating market is segmented into seat actuators, foams & fittings and others. Analysis of all the segments have been based on present and future trends and the market is estimated from 2017 to 2022. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
The key participants operating in the global aircraft seating market has been covered in the report with detailed competitive outlook. The key players included in this report are Zodiac Aerospace, B/E Aerospace Inc., Recaro Aircraft Seating GmbH & Co. Kg, Geven S.P.A, Aviointeriors S.P.A, Acro Aircraft Seating Ltd., Thompson Aero Seating Ltd., Haeco Americas, Zim Flugsitz GmbH and Stelia Aerospace.
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