DUBLIN--(BUSINESS WIRE)--The "Commercial Aircraft Seating Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global commercial aircraft seating market is anticipated to register a CAGR of 6% during the forecast period 2022-2027.
The COVID-19 pandemic negatively impacted the commercial aircraft seating market due to reduced demand in air travel, which resulted in a decline in the revenues of airlines, and reduced the demand for major aircraft manufacturers and their suppliers.
Although the recovery in passenger traffic started in 2021, the traffic is well below that of the pre-COVID 2019 levels. As a result of the recovery in air passenger traffic, commercial aircraft orders are showing signs of improvement, and the market for commercial aircraft seating is expected to witness growth during the forecast period.
The complexities in the supply chain are becoming a challenge for aircraft seating manufacturers to increase their revenues. Measures are being taken to ensure that there are no disruptions in the supply chain of individual components, thereby ensuring smooth delivery of the complete aircraft.
Airlines, aircraft manufacturers, and aircraft seat providers are focusing on developing and adopting lightweight seats, which aid in the reduction of the weight of the aircraft, thereby conserving aviation fuel. These developments are expected to offer new opportunities for the commercial aircraft seating market.
Key Market Trends
- Narrow-body Aircraft Segment Expected to Dominate
- Asia-Pacific to Dominate the Market
Competitive Landscape
The presence of many players in the commercial aircraft seating market makes it a fragmented market with high competitive rivalry among players. Several major players in this market are based out of North America and Europe due to the presence of high-end infrastructure and the vicinity to players in the aircraft manufacturing industry.
Companies such as Hong Kong Aircraft Engineering Company Limited, Collins Aerospace (Raytheon Technologies Corporation), STELIA Aerospace (Airbus SE), RECARO Holding GmbH, and Safran SA, among others, compete for the major share of the market. The market for commercial aircraft seating is fragmented as the number of new entrants is increasing. This is expected to increase the market competition and force existing players to focus on maintaining their market presence and share.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Size and Forecast, Global, 2018-2027
3.2 Market Share by Aircraft Type, 2021
3.3 Market Share by Seat Type, 2021
3.4 Market Share by Fit, 2021
3.5 Market Share by Geography, 2021
3.6 Structure of the Market and Key Participants
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018-2027)
5.1 Aircraft Type
5.1.1 Wide-body Aircraft
5.1.2 Narrow-body Aircraft
5.1.3 Regional Aircraft
5.2 Component
5.2.1 Seat Actuators
5.2.2 Foams and Fittings
5.2.3 Other Components
5.3 Seat Type
5.3.1 Economy Class Seats
5.3.2 Premium Economy Class Seats
5.3.3 Business Class Seats
5.3.4 First Class Seats
5.4 Fit
5.4.1 Line-fit
5.4.2 Retrofit
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hong Kong Aircraft Engineering Co. Ltd.
6.2.2 Collins Aerospace (Raytheon Technologies Corporation)
6.2.3 STELIA Aerospace (Airbus SE)
6.2.4 RECARO Holding GmbH
6.2.5 Safran SA
6.2.6 Aviointeriors S.p.A.
6.2.7 Zim Flugsitz GmbH
6.2.8 Geven S.p.A.
6.2.9 Acro Aircraft Seating
6.2.10 Thompson Aero Seating Limited
6.2.11 EnCore (The Boeing Company)
6.2.12 Jamco Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/u475ju
