Market Study Report recently introduced new title on “2018-2024 Global Aircraft Soft Goods Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Selbyville, DE -- (SBWIRE) -- 12/07/2018 -- The transformative evolution in the aviation sector and air mobility has lent a positive influence on the aircraft soft goods market, given that aviation companies have been refurbishing and modifying aircraft interiors in order to maximize the luxury and comfort in the vehicle. With the rise in the percentage of passengers travelling by air, freight service providers have been looking forward to generating massive returns by enhancing their service portfolio. The increasing concern among the aircraft manufacturers about the requirement of energy efficiency is also one the driving factors of aircraft soft goods industry share. In fact, for reducing the overall weight of the air mobility vehicle, manufacturers have been replacing metallic and heavyweight interiors of the aircraft with lightweight and attractive components comprising cockpit seats, headliner, window lines, and sidewalls.
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Upgradation in airliner interiors to improve aesthetics and enhance passenger comfort level will fuel aircraft soft goods market over the forecast period. Adoption of soft goods to reduce noise and vibration during flight will further drive its consumption in airplanes. Continuous OEM and aftermarket initiatives to develop lightweight interior products are boosting the industry growth.
Manufacturers such as Bombardier and Boeing are adopting new materials to reduce weight and cost of products. Advent of materials such as nylon fabrics provide higher comfort as compared to traditional goods and replacement with synthetic leather will improve aircraft soft goods market share over the forecast period. In addition, ongoing refurbishment activities to upgrade old airplanes and enhance business & economy class cabin interiors will further strengthen the product adoption.
Commercial aircraft soft goods market share accounts for over 85% of total revenue owing to continuously increasing air passenger traffic. In 2018, air passengers traffic registered an increase of 6% and rose to 4.3 billion from 4.1 billion in 2017. Government bodies including International Air Transport Association (IATA) addresses passenger safety, thereby boosting industry growth. Regional jets will witness robust growth owing to proliferating number of flights and acceptance of light weighted materials.
North America led by the U.S. accounts for major share owing to presence of airplane manufacturers such as Bombardier and Boeing. Asia Pacific aircraft soft goods market will register sturdy growth with increasing passenger traffic and commercial airplane industry. Rising public spending in emerging nations will boost industry share over the forecast period. MEA is at nascent stage and will foresee growth with rise in business and private jets.
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Nylon blend fabric aircraft soft goods market share will account for over 70% by 2024 owing to superior material properties including insulation, water & wrinkle resistance, and higher durability. Nylon fabrics are blended with materials such as polyester to enhance passenger comfort and elasticity cover.
OEM market will register 3% during the forecast period owing to its installation during airplane fabrication. Long term collaborations with manufacturers such as Bombardier, Boeing, and Airbus to ensure continuous product supply will escalate industry revenue from 2018 to 2024. Aftermarket aircraft soft goods market segment will register strong growth with replacement of damaged goods and airplane refurbishment activities.
Aircraft soft goods market players include Aero Floor, Anker Company, Aero Foams Tapis Corporation, Aircraft Interior Products, Spectra Interiors, Aircraft Interior Sol, RAMM Aerospace, Botany Weaving Mills, Mohawk Group, Desso, Lantal Textile, Fellfab, InTech Aerospace, E-Leather, and F-list. Industry players are enhancing product landscape to increase their share. For instance, in 2018, Lantal introduced TEC leather having superior thermal property.
Table of Content:
Chapter 1. Aircraft Soft Goods Market Methodology and Scope
Chapter 2. Aircraft Soft Goods Market Executive Summary
Chapter 3. Aircraft Soft Goods Industry Insights
Chapter 4. Aircraft Soft Goods Market, By Aircraft
Chapter 5. Aircraft Soft Goods Market, By Product
Chapter 6. Aircraft Soft Goods Market, By Material
Chapter 7. Aircraft Soft Goods Market, By Distribution Channel
Chapter 8. Aircraft Soft Goods Market, By Region
Chapter 9. Aircraft Soft Goods Market Company Profiles
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